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...giant to taper its electric ambitions....
...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....
...With typical grandiloquence, he claims that turning the company’s electric fleet into autonomous vehicles could be “the biggest asset value appreciation in history”....
...After overtaking Tesla as the world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try...
...First-quarter revenue fell to $21.3bn from $23.3bn in the same period last year, missing analysts’ expectations for $22.3bn....
...Northern India’s suffocating, toxic air was a big factor in Akash Gupta’s decision to quit his decade-long climb up the corporate ladder and start a last-mile electric vehicle logistics company....
...Musk has denied there has been any change in plan on the Model 2, but has also said that focusing on autonomy was “a blindingly obvious move” and last week announced that a Tesla robotaxi would launch on...
...Musk, chief executive, had previously said that growth rates would be “notably lower” than last year....
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
...Apple says it has been accelerating its research and development, spending nearly $30bn last year, with a fivefold increase in spending over the past 10 years....
...We’ve also had reports that deliveries of Cybertruck, its last-but-one halo product, have been paused and that its accelerator has a tendency to jam....
...Electric vehicles made up more than a third of the 21.7mn new vehicles sold in China last year compared with 28 per cent in 2022....
...By the end of last year, the carmaker had amassed $29bn in cash and cash equivalents, up from $4bn in 2018....
...At the end of last year it was sitting on more than $29bn in cash and cash equivalents, up from less than $4bn five years earlier....
...The talks did not last long....
...As Peter Campbell laid out in the Financial Times yesterday: The global auto industry manufactured 10.5mn electric vehicles last year — and expects to produce 13.5mn this year . . ....
...US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices....
...Last year, more than 16,600 points were added, says Zapmap, a year-on-year increase of 45 per cent....
...I am thousands of miles away from Ukraine, on a six-city lecture tour across the US, addressing public meetings and briefing members of Congress....
...It carries more than $3bn in corporate debt, compared to adjusted ebitda of less than $600mn last year....
...The FT last week reported that Tesla was scouting locations in India for a new EV plant in which it would invest $2bn-$3bn. The company has been through previous rounds of job cuts....
...Last March, China’s President Xi Jinping stated he had mixed feelings about his country’s rapid expansion in electric vehicle batteries. That raised questions about profitability for the industry....
...This marked an improvement from last quarter’s 16.3 per cent, which was the lowest level in more than four years....
...With assets worth $134bn, Berkshire Hathaway Energy supplies 12mn electric and gas customers, maintains more than 30,000 megawatts of power generation capacity and owns a 21,000-mile natural gas pipeline...
...Last year, he was invited on to the BBC’s Politics Live. Resembling a Leipzig techno DJ with his shaved head and black T-shirt, he sat glowering throughout....
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