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...The California-based lossmaking electric vehicle maker topped the monthly trading leaderboard five times in 2023, even as its shares plummeted 99 per cent....
...Its driverless vehicles have been operating in certain US cities including San Francisco as a taxi service....
...Selling to consumers online, Ola Electric has suffered customer complaints about delayed deliveries and problems with its aftersales service....
...Vietnamese carmaker VinFast has agreed to build an electric vehicle plant in southern India’s Tamil Nadu state in an investment worth up to $2bn, marking its foray into the world’s third-largest car market...
...Nunes, a former Republican congressman, named four equities market makers in his letter: Citadel Securities, Virtu, Jane Street and G1 Execution Services....
...Its largest holdings included Alphabet, Canadian National Railway, Visa, General Electric and rating agency Moody’s as at the end of September, according to a regulatory filing....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...In August, it reported investments in flying taxi company Lilium and electric vehicle charging network Allego among others. The companies fit Palantir’s bold outlook....
...But it is simultaneously fighting battles on multiple fronts, including slow electric vehicle production and union disagreements. It may expand its outlook....
...Chanos is best-known for his bet against energy trader Enron, as well as for his more recent, but unsuccessful, campaign against electric-car maker Tesla....
...There’s an allegation of tying the buy box [ie, better placement on a product order page] to Amazon fulfilment services....
...One invitation to start: Join DD’s Arash Massoudi and the FT’s Henry Mance for an exclusive conversation with Michael Lewis, bestselling author of The Big Short and Flash Boys, on the rise and fall of FTX...
...Smart reads Caught in the blaze The catastrophic wildfires in Maui have thrust Hawaiian Electric into chaos....
...International comparisons will be possible with the latest purchasing managers’ index (PMI) reports for manufacturing and services across the G7 nations....
...The group operates private flights and several regional commuter lines, but has said its long-term focus is to develop electric power train technology to upgrade regional plane fleets....
...But last week the Vietnamese electric-vehicle maker VinFast seemed to defy the Spac-sceptics when it merged with Black Spade Acquisition Company at a $23bn valuation....
...A vote to consider Waymo’s request to collect fares and Cruise’s application to run a daytime service has been postponed to mid-July....
...purchasing managers’ index (PMI) for manufacturing and services....
...Daniel Loeb’s Third Point has made a profit of about $300m on its stake in Rivian, one of several hedge funds to make large gains from the electric vehicle maker’s turbocharged flotation this month....
...She says electric-car company Tesla, which has a $573bn market cap, could be a $6tn company in the next four years. True, demand for Tesla vehicles is rising....
...Tesla’s Musk has recognised the same dilemma, as the electric vehicle maker tries to evolve its “Autopilot” driver-assist technology into its own robotaxi network....
...Economic data There will be a chance to compare G7 nations at the end of the week with the release of flash manufacturing and services purchasing managers’ indices, plus a few confidence surveys, some housing...
...There was no flash flooding. Enjoy your weekend, whatever the weather, Jonathan GuthrieHead of Lex...
...Here’s what else I’m keeping tabs on today and over the weekend: Economic data: S&P Global releases its flash June purchasing managers’ index for services and manufacturing businesses in the US....
...He recently replaced his Maserati with an eco-conscious electric Audi....
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