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...“CVR is the key thread holding what’s left of his empire together,” Anderson told the FT earlier this year....
...Fisker on Tuesday lowered its vehicle production forecast for the year from 42,000 vehicles to a range of 32,000 to 36,000....
...His fund’s biggest winning position this year, responsible for about a quarter of gross profits, has been Upstart Holdings, an artificial intelligence lending platform that floated at the end of last year...
...Musk also seems to have believed that he could treat his Tesla stock holdings like a piggy bank....
...A version of this article was first published by Nikkei Asia on February 3 2023. ©2023 Nikkei Inc. All rights reserved....
...There is a timeless, undentable automotive truth: making vehicles is hard....
...Tesla was “certainly open to increasing bitcoin holdings in future” and had not sold any of its dogecoin, he added....
...Its largest holdings are again a mix of tech and meme names, led by Apple, Tesla and Rivian, with the latter at 6 per cent despite it not ranking among America’s 300-largest companies....
...France and Italy are the biggest shareholders in STMicroelectronics, with each holding a 13.75 per cent stake in the company with a market capitalisation of €28bn....
...Scaringe also raised $160mn from Global Oryx Company, a subsidiary of Abdul Latif Jameel (ALJ), a large, diversified Saudi holding company....
...A version of this article was first published by Nikkei Asia on June 1 2022. ©2022 Nikkei Inc....
.... ©2022 Nikkei Inc....
...Hertz, which filed for bankruptcy in May 2020 as business travel dried up and its heavy automotive fleet-related debts grew, has emerged from restructuring with record profits and a new vision to be a critical...
...A version of this article was first published by Nikkei Asia on November 29, 2021. ©2021 Nikkei Inc....
...This year, Tesla’s rating fell into the bottom quartile of the automotive sector because of factors that included claims of racial discrimination and poor working conditions at one of its factories....
...Fisker is yet to start production of its first model, which will be made by Magna International, an established tier 1 automotive supplier....
...Rental car rates have benefited from chaos in the automotive supply chain. More importantly, Hertz has just $1.2bn in corporate debt and another $1.5bn in preferred stock....
...“Our assumption is that some [electric vehicles] will be rented by EV-interested consumers who want experience,” said Michelle Krebs, analyst at Cox Automotive....
...Fisker, an electric car company that went public via an Apollo-backed Spac and has a $4bn valuation, currently has no revenue....
...some of its holdings....
...However, in an interview published in Automotive News on Friday, Farley said that would no longer happen....
...A version of this article was first published by Nikkei Asia on September 27, 2021. ©2021 Nikkei Inc. All rights reserved....
...You have to wonder whether a lot of them are now holding it simply due to fears they’re going to lag.” Betting against Tesla has been particularly painful....
...For Panasonic, holding on to gains means holding on to Tesla. Our popular newsletter for premium subscribers Best of Lex is published twice weekly. Please sign up here...
...Tesla’s recent decision to invest part of its spare cash in bitcoin also lifted profits, with the sale of about 10 per cent of the company’s cryptocurrency holding late in the quarter adding $101m to the...
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