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...Bain employs more than 200 people in China and its consultants have provided advice to a swath of Chinese companies from tech giant Alibaba to electric vehicle start-up Li Auto....
...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”....
...Investor who came in expecting a bump-free glide towards the global EV mass market should have sold already, while bargain hunters attracted by last year’s slump will probably have been stopped out by this...
...Of Tesla’s total quarterly sales of $21.3bn, 82 per cent were indeed “automotive revenues” while the rest were energy and services....
...Tu Le, founder of the Sino Auto Insights consultancy, said local rivals including Xpeng, Nio and Li Auto had their own self-driving systems and would drop their prices “the second” they thought consumers...
...Instead, inflation came in strong in services categories that have looked persistently hot for a while: shelter, medical care and auto services....
...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...
...Younger shoppers’ penchant for Apple Pay, auto-fill payments and buy now, pay later services is eroding the company’s share of the online payment market it once dominated. Growth has sputtered....
...As Andrew Hunter, US economist at Capital Economics put it: Much of the debate on inflation across developed markets right now is being driven by comparing apples to oranges....
...Chang’s and business technology provider Computer Services Inc....
...Auto-delete settings on messages contribute to their ephemeral, conversational tone. However, the judge described this as the suppression of evidence....
...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....
...He believed traditional carmakers had lost their way on customer service....
...Another knock — rising delinquencies on card and auto loans — may be misleading too, argues Zandi....
...“Political teams in government often straddle both public service and political roles and interests,” he said....
...With Li shifting his attention to large language models, lay-offs have begun to trim staff numbers and several auto executives exited....
...Tucked in Brooklyn’s edgy East Williamsburg neighbourhood there is now a Rivian service centre. Across town, the electric-truck maker has opened a high-end showroom in New York’s Meatpacking District....
...“Four to five years ago no one would have thought that Chinese EVs would have the quality or reliability to compete,” said Tu Le, founder of Sino Auto Insights, a Beijing consultancy....
...Philippe Houchois, auto analyst at Jefferies, said the latest saga might spark governance changes. “It is too risky for the board to carry on as it is,” he said....
...However, “contagion and solidarity from other countries could be toxic if the dispute spreads to other markets such as Germany both for production and sales”, said auto analyst Matthias Schmidt, who specialises...
...Investors have long debated whether Tesla is an auto company or a tech company. We believe it’s both, but see the biggest value driver from here being software and services revenue....
...As someone who felt the loss when she pulled her songs from Spotify, it’s time to enjoy her latest album, reviewed here by the FT’s Ludovic Hunter-Tilney....
...After he left the car company’s board earlier this year, Mizuno said that “Tesla’s positive impact on the auto industry to move towards electric vehicles has never been valued in ESG scores”....
...Filings show the asset manager sold 6 per cent of auto dealership Pendragon this month, reducing its stake to 4 per cent, as well as 2 per cent of The Restaurant Group....
...Among premium services popular with middle-class Chinese consumers are free designated drivers and shared office spaces, as well as free repairs....
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