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Chicago-based company with origins in Underwriters Laboratories discusses valuation of as much as $10bn
What’s a conglomerate for?
...The company now says profits and cash flow are sufficiently formidable to support debt service and capital expenditure without the need to raise fresh cash....
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
...Musk in 2021 said Tesla had set up a data centre in China to localise “all data generated from our business here, including production, sales, service, and charging”....
...on Sunday afternoon and met Li, as the electric vehicle maker’s chief sought to overcome recent setbacks — including in China — by refocusing Tesla on artificial intelligence with a planned “robotaxi” service...
...Being allowed to offer the same service in China, where the company has about 1.6mn cars on the road, “would unlock a significant fleet of Tesla vehicles able to charge subscription fees”, said Narayan....
Case studies in best practice among general counsel and company legal teams in North America
...Vivek Ramaswamy, one of the candidates, called Fink “the king of the woke industrial complex [and] the ESG movement”....
...If the war in Ukraine and the strategic challenge of China leads towards a large-scale common EU industrial and defence procurement policy, the UK and the EU will be presented with difficult questions about...
...“The safety of the flying public, not speed, will determine the timeline for returning the Boeing 737-9 Max to service,” the FAA said....
Business models are nowhere near as plush as their carpets
...The further challenge for the UK (which has a resilient services sector), adds Figures, is that modern goods increasingly come bundled with services — like connected cars — which will weigh on UK trade....
...“Each aircraft will be returned to service only after completion of full maintenance and safety inspections,” said Ben Minicucci, the airline’s chief executive, in a statement....
...“We will now move on, with this unnecessary distraction behind us, and look to the future,” he said, adding that Teesport has had a key role in the area’s industrial development since the 19th Century....
Warren Buffett’s sidekick at Berkshire Hathaway offers lessons in creating meaningful wealth
...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....
...In Brussels, fears of a wave of Chinese-made cars have led the European commission to probe Beijing’s industrial support as well as boost its own local subsidies....
...In equally-weighted terms, Energy, Industrials, Financials, and Materials actually all outperformed Tech in 1Q — you could probably win a bar bet with that fact....
...While major repairs happen in shipyards, a marina needs to be able to provide some technical services. But it also needs to provide a good place to hang out....
...There are 215 Max 9 aircraft in service globally, according to data from aviation consultancy Cirium....
...The 171 Max 9 jets grounded after the Alaska incident are expected to return to service soon....
...Houlihan Lokey has hired Rob Kordas as a managing director in its industrials group. He joins from RBC Capital Markets....
...About 130 mechanics in Sweden, who belong to the IF Metall union and service the electric cars, went on strike last month after Tesla turned down their request for collective bargaining....
...stepped up their efforts on climate change after a landmark report from scientists in 2018 warned of dire consequences if the world failed to limit the long-term global temperature rise to 1.5C above pre-industrial...
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