Hints and tips:
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
...It was something tenable on the horizon, so was a reason to look past the current EV sales slump....
...said Barclays analyst Dan Levy, and “we’d expect more disruption to sales in the months to come....
...Ronson did so in 1983 when the US Mint put up for sale a building in lower Manhattan....
...Still, Wedbush Securities analyst Dan Ives said it was an important quarter for Tesla to show strong deliveries and momentum heading into 2024....
...Philippe Houchois, auto analyst at Jefferies, said the latest saga might spark governance changes. “It is too risky for the board to carry on as it is,” he said....
...“Streamlining the balance sheet is far more important than the difference in sale prices.”...
...In 2022, companies found their sales or their operations jammed up by China’s zero-Covid strategy....
...Smart reads Tuck takes the reins Heads have been rolling at The Wall Street Journal ever since Emma Tucker took the helm....
...Analyst Dan Fannon had expected Icahn to post Q1 earnings per share of $0.19; it posted an EPS loss of $0.79....
...“I didn’t like the auto business,” Munger recalls. “It’s difficult to make a fortune in the auto business.” But, “it worked so well, the early investment in BYD was a minor miracle”....
...Dan Ives, an analyst at Wedbush, called the cuts “the right medicine at the right time”....
...Her remit, instead, is “all business operations”, including HR, partnerships, legal, sales and finance....
...One thing to start: Billionaire Jim Ratcliffe has declared his interest in buying English football club Manchester United if its controlling owners, the Glazers, are open to a sale....
...A clutch of major auto groups shut Russian plants because of the invasion. Some also halted production elsewhere because of supply chain issues....
...Leading local carmakers — Nio, Li Auto and Xpeng — all more than doubled sales in 2021. Xpeng delivered 98,155 vehicles, still far from Tesla’s total but nearly triple its own 2020 figure....
...Manufacturing sales and wholesale trade figures, both for March, and housing starts for April are set to be released this morning....
...“Ford, GM and VW are still being treated by investors as auto names, while Lucid is being anointed the next mini Tesla,” he said....
...Starbucks’ US net sales rose 9 per cent over the quarter ending July 3, and the company’s earnings beat Wall Street’s expectations....
...Additional reporting by Claire Bushey and Dan Dombey...
...Over the past 18 months, however, users have increasingly veered into personal musings, Dan Roth, editor in chief of LinkedIn, tells the FT....
...The whole industry is moving that way,” says Rajat Gupta, auto analyst at JPMorgan....
...AMC shorts torpedoed the performance of investigative reporter Dan McCrum, who spearheaded the investigation of Wirecard....
...Then there is the matter of Laura Schwab, who joined as vice-president of sales and marketing in December 2020, having been lured away from her job as Aston Martin’s president of the Americas....
...There are signs of a slowdown in demand emerging already in memory chips, reflecting slower sales primarily of PCs, which were in heavy demand during the pandemic....
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