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...Tesla will this month send a team to scout locations in India for a proposed $2bn-$3bn electric car plant, according to two people with direct knowledge of the electric vehicle company’s plans....
...giant to taper its electric ambitions....
...That puts BYD in direct competition with gasoline cars....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...Elon Musk’s Tesla and Chinese rival BYD both reported sharp falls in electric car sales, adding to concerns of the slowing shift towards electric vehicles....
...Known as “Project Titan”, Apple’s electric vehicle project was an example of its attempts to diversify beyond its hit product, the iPhone, which still makes up about half of its global sales....
...two people with direct knowledge of the matter....
...“We are hard-pressed to think of any other precedent of a company of Tesla’s size basing its path of success on such binary bets,” writes Barclays, apropos the latest thing:https://twitter.com/elonmusk/status...
...The company has been through previous rounds of job cuts....
...But its status as the electric car champion — and one with a stock market valuation still dwarfing that of rivals — leaves Tesla particularly exposed....
...Biden will pitch his re-industrialisation strategy, while Trump lashes out at green energy policies and the promotion of electric vehicles. “If we win Michigan, we win the election,” Trump has said....
...But the list of problems for Tesla’s business is long and growing: price cuts pinching margins, Chinese electric vehicle competition, bad corporate governance, political risks and now falling volumes....
...GM has delayed plans to build electric versions of its Chevrolet Silverado and GMC Sierra trucks....
...In total, the UK has nearly 54,000 public charging points compared with 1mn fully electric vehicles, a ratio of just over 18:1....
...On Tuesday, Apple announced to its staff it would abandon a years-long effort to develop an electric vehicle that could compete with the likes of Tesla, instead switching its research funding towards building...
...“The people are what makes it,” Melissa Sample, 56, a bar owner who drove three hours from LaCrosse, Wisconsin, said of the unique atmosphere of a Trump rally....
...EVs are still more expensive to make than petrol cars, partly because of the high cost of minerals required for their batteries....
...First, they decided that the century-old company would reposition itself as a forward-looking “mobility” group that would stand out in a crowded field with a fleet heavy on Tesla’s electric vehicles....
...Shareholder backing of Musk’s pay deal will also potentially cancel a payout of $5bn in shares that would have been made to lawyers who worked on the case....
...China’s BYD overtook Tesla as the world’s top electric-vehicle manufacturer in the fourth quarter of 2023, delivering 1.58mn fully electric cars....
...Tencent also has the multiplayer online game Tarisland, which is being seen as a direct competitor to World of Warcraft....
...Police said they had been informed of the fire, in the district of Gosen Neu Zittau, at 05:15 local time. Firefighters were also called to the scene....
...Attorneys for shareholders who defeated Elon Musk’s $56bn Tesla pay package have asked a Delaware state court to award them shares in the electric vehicle maker worth nearly $6bn as payment....
...Some see his bet on battery-swapping technology — which is at the heart of the electric vehicle group’s business plan and competes with the likes of Tesla that only charges vehicles individually — as unworkable...
...BYD has for much of the past year cornered a market share of about one-third of sales of plug-in hybrid and battery-powered electric vehicles in China....
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