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...Musk said then that the electric-car manufacturer would “be in India . . . as soon as humanly possible”....
...It also struck a deal to buy 100,000 Tesla cars....
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...There is little dialogue in Perfect Days but there’s a groovy pop and rock soundtrack, delivered every time Hirayama pops in another cassette tape into the car stereo, including cuts by Lou Reed, Patti Smith...
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...Tesla has already reported an 8 per cent fall in car sales in the first three months of the year compared with the same period in 2023....
...But to do that it needs cheaper cars, not robotaxis. elaine.moore@ft.com...
...But one day, he says, Tesla and SpaceX may create something that is not “even really a car”. The Technoking is the reason Tesla remains the most distinctive car company in the world....
...Tesla still makes more than 80 per cent of its revenue from selling cars....
...Apple’s decision to wind up its car project comes as it prepares to announce more details of its work in the fast-growing generative AI sector....
...“The car distribution market is fragmented globally, but we are seeing that more brands are looking for one single distributor,” he said....
...That puts BYD in direct competition with gasoline cars....
...Tesla’s business — well, the bit that sells cars rather than hype — has been visibly in trouble for more than a year....
...Many car buyers are now balking at the prices of EVs compared with hybrids and petrol or diesel cars — particularly amid the rising the cost of living in recent years....
...In 2021, Cook called autonomy “a core technology, in my view”, adding: “If you sort of step back, the car, in a lot of ways, is a robot. An autonomous car is a robot....
...of the car industry.”...
...Unlike legacy carmakers, Tesla is particularly exposed to the slowdown in battery-powered cars given it exclusively makes EVs....
...Data from the China Passenger Car Association showed that Chinese sales of pure battery cars and plug-in hybrids, which the government counts as “new energy vehicles”, or NEVs, rose 36 per cent last year...
...While the company has long had ambitions to enter the car market, some experts have previously questioned how it could succeed in the face of US sanctions....
...with expectations of about 450,000 cars in the quarter....
...Tesla’s plans to double its annual capacity at the plant to 1mn cars have also faced stiff opposition from environmental activists....
...At first, he thought this was simply an error, or perhaps an estimate for a delivery by car. But then he realised that even a car couldn’t have made that journey in six minutes....
...The US group stressed that its fully autonomous cars were “responsible for making every driving decision on the road and do not rely on a human driver, either in the car or remotely”....
...Meanwhile, car insurance and auto repair shot up 2 per cent and 3 per cent, respectively, in March....
...Replacing him is Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit....
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