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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....
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...Sales growth of electric cars has slowed in the past year, with carmakers increasingly forced to discount models in order to generate sufficient consumer demand, while companies from General Motors and Ford...
...“While Tesla has real issues to contend with, we believe the company’s long-term upward trajectory remains intact,” said Christopher Tsai of Tsai Capital, which holds Tesla stock....
...These factories have helped BYD corner the market for electric buses....
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...Ford and General Motors have paused plans to expand their EV manufacturing capacity in recent months, and last week Rivian announced that it would cut 10 per cent of its workforce and keep deliveries flat...
...Tesla investor Christopher Tsai from Tsai Capital said that while he expected competition for electric vehicles would intensify and that Tesla would lose market share, “we also believe the company will increase...
...Electric-car maker Tesla registered expenses of about $2.4mn for its chief executive Elon Musk in 2023, with a further $500,000 spent in the first two months of this year....
...“For the right business models and the right disruption, the capital will always be available.”...
...My point is more general....
...“Elon is hedging his bets,” said Christopher Tsai, chief investment officer at Tsai Capital, a Tesla investor....
...Waymo has deployed a live, customer-paying service, while many of the other new entrants have switched focus to niche applications such as commercial vehicles, or have been acquired....
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Gil West, a former chief operating officer of Delta Air Lines and General Motors’ Cruise self-driving car unit, will be replacing him. Instead of enjoying a boom, Hertz is in trouble again....
...Shell is committing $500mn a year in capital expenditure in 2024-25 to expand its EV charging footprint globally, including the UK....
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...General Motors and Tesla have paused some of their EV expansion plans....
...industry disruption caused by the shift to electric vehicles and tougher emission rules....
...Barclays forecasts that Tesla will print its first negative free-cashflow quarter since Q1, 2020, as bloated inventories eat into working capital....
...Honda already has an alliance with General Motors to use its battery technology, though it did not specify whether this partnership would be affected....
...US carmakers including Ford, General Motors and Tesla have all recently paused plans to expand EV manufacturing capacity....
...His next company, started in a local hotel room, sold computers and software, along with printing and photocopying services....
...The vote will take place at company’s May 15 annual general meeting....
...seller of battery electric vehicles....
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