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Tesla Inc
Tesla scouts sites for $3bn India car plant in boost for Modi
...India has been much slower to build and adopt EVs and charging infrastructure than China, whose top producer BYD is Tesla’s closest rival in terms of global sales....
April 3, 2024
Polestar
Hertz pauses plans to buy electric vehicles from Polestar this year
...There is a “clear intention” to restart large-scale sales to Hertz in the future, but the two companies would “have to review at the time” whether sales restart in earnest in 2025, Ingenlath said....
February 5, 2024
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
Shipping
Cruise liner supplier halts sales of deficient fire-resistant panels
...“We have suspended the distribution and sales of these products and have alerted the relevant regulatory authorities,” Jari Airola, managing director of Paroc’s European insulation business, told the Financial...
July 21, 2023
Tesla Inc
Tesla to cut 10% of global workforce
...The battery maker’s second consecutive decline in quarterly sales highlighted the impact the EV slowdown was having on key suppliers....
April 15, 2024
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...Luca de Meo, Renault’s chief executive, has called for the EU to adopt an Airbus-like approach to EV production, with more industrial co-operation and public investment....
April 10, 2024
LexTesla Inc
Elon Musk is still intrinsic to Tesla’s future Premium content
Shares drop after car sales slip in first quarter
April 2, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Inchcape PLC
Inchcape to sell UK dealerships for £346mn
...Inchcape, which exports cars for global manufacturers across 40 countries, said it would use £100mn of the sale proceeds to buy back shares once the deal is completed, which is expected to happen during...
April 15, 2024
Unhedged
Where Tesla departs from the Mag 7 Premium content
...Yet sales, the same data set predicts, will lag even further behind. EV interest last year resulted in sales of 9.5mn vehicles, but the figure is only expected to be 9.8mn this year....
April 3, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...“It actually slowed down sales when that happened.”...
April 2, 2024
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...of its sales, are “saturated products”....
April 2, 2024
LexApple Inc
Apple is not the only company backing away from driverless cars Premium content
...Cutting costs is also a priority for Apple as sales growth slows. Still, putting a stop to the car may not result in a dramatic reduction in operating expenses....
March 7, 2024
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...BYD profits rose last year but fell short of expectations as Tesla’s main Chinese rival felt the brunt of intensifying competition and slowing sales growth....
March 26, 2024
News in-depthTesla Inc
Tesla’s ‘gravity-defying’ powers at risk as EV market slows
...Most major carmakers have reported either a drop in EV sales or slowing growth....
April 5, 2024
News in-depthApple Inc
China’s love affair with Apple and Tesla hits rocky patch
...Data from research group Counterpoint shows that in the first six weeks of this year, Apple smartphone sales fell 24 per cent from a year earlier. Huawei sales, by contrast, were up 64 per cent....
March 10, 2024
Tesla Inc
Tesla shares drop 12% after sales growth warning
...Tesla shares fell 12 per cent in New York on Thursday after warning that sales growth would be “notably lower” this year because of flagging demand, intensifying competition and persistent high interest...
January 25, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Total hybrid sales of about 1.2mn cars matched EV sales figures. For Toyota, hybrid sales increased 47 per cent year on year in the December quarter, far outpacing total group sales growth of a tenth....
March 5, 2024
Compagnie de Saint Gobain SA
France’s Saint-Gobain hunts for fresh acquisitions as part of sustainability push
...being said, we still have ideas for acquisitions,” Bazin told the Financial Times, citing countries like India or Vietnam where the group does not offer the full range of materials it specialises in, like insulation...
December 10, 2023
Apple Inc
Apple cancels secretive electric car project in shift to focus on AI
...In January, Tesla warned that flagging demand, high interest rates and intensifying competition would lead to slower sales growth rates this year....
February 27, 2024
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Sales grew by 55 per cent between January 2022 and January 2023....
February 21, 2024
Unhedged
What’s wrong with Apple? Premium content
...Sales growth is set to stay soft because of both the smartphone replacement cycle and weak sales in China....
April 2, 2024
Tesla Inc
Tesla overtaken by China’s BYD as world’s biggest EV maker
...“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder...
January 2, 2024
News in-depthApple Inc
Apple parks its electric car project in sign of EV industry’s struggles
...Even China’s BYD, which has overtaken Tesla in EV sales, had a legacy making engine cars....
February 28, 2024
LexSotheby's Inc
Auction houses: fees hit by competition for blockbuster lots Premium content
...Lex calculates that fees have fallen from around 15 per cent of sales in 2017 to some 13 per cent in 2022....
December 9, 2023
News in-depthBYD Co Ltd
Wang Chuanfu, the driving force behind BYD’s rise
...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....
January 4, 2024
Tesla Inc
Tesla’s article-to-Cybertruck delivery ratio currently stands at 219 to 1
...Collectors can find bottles of Teslaquila or the Boring Company ‘Not a Flamethrower’ for sale on eBay for thousands of dollars. ... though they can also find plenty of Tesla merch on sale for dozens of...
December 1, 2023

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