Hints and tips:
...He urged them to instead build apps for existing models, such as his company’s “Ernie”....
...If Hertz is in effect in the storage business of used cars, Carvana could be thought to be in the moving business....
...The talks come as Foxconn reaffirmed its commitment to the EV business, saying that it planned to turn its nascent auto segment into a $35bn business in five years....
...A version of this article was first published by Nikkei Asia on May 5 2021. ©2021 Nikkei Inc....
...Shares fell 5 per cent afterwards. 4) Musk also sent a memo to staff detailing a “ flattening” of management through restructuring....
...transactions, according to heavily redacted SEC filings detailing its purchase agreements with car manufacturers....
...He adds that other carmakers are only in the electric business because they have been forced by government mandates, making them view the cars as lossmakers as they look instead to the rest of their fleets...
...But for Mr Musk, who has taken on entrenched interests in the auto industry, it was still a moment of vindication....
...The shares, as low as $3 in 2003, are now above $20. ● Cyclicals at the bottom of the cycle....
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