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Proposed investment by Elon Musk’s company comes ahead of elections
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...China’s industrial utilisation ratio, a measure of actual production compared with potential output, dropped to about 74 per cent in the first quarter, the weakest since the third quarter of 2016 excluding...
...Tesla started the year with about 100,000 unsold vehicles and added another 45,000 and 50,000 in the first quarter....
...Tesla’s share in China’s EV and hybrid market segment fell from 7.7 per cent to 6.6 per cent in the first two months of the year, according to the China Passenger Car Association....
...Tesla on Tuesday announced vehicle deliveries in the first quarter had fallen 8.5 per cent on last year, the first year-on-year drop since early 2020. The shares dropped 5 per cent....
Deal with Group 1 Automotive is the latest in consolidation wave hitting car retail sector
...First, they tried McKinsey’s statistical approach on S&P 500 companies, and found no significant relationship. Second, they fault McKinsey’s methodology....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
...The company will report first-quarter earnings next week, with investors braced for a drop in profitability....
...In the industry’s first big consolidation, Irish group Smurfit Kappa last September agreed a $20bn tie-up with US rival WestRock....
...Pictet preferred “direct exposure to commodities [over miners] as the first movers”, Ramjee said....
...It is not the first time Tesla has had to temporarily stop production in Europe....
...Mainland China’s benchmark index edged up on Monday, with technology names notching the largest gains, following the release of official data showing industrial production grew in the first two months of...
...First a whistleblower who had raised concerns about Boeing’s safety practices was found dead Saturday, according to multiple news outlets....
...First, industrial policy requires goals for outputs, not goals for mobilising investment....
...The scale of Tesla’s challenge was laid bare this week when its first-quarter sales fell short of the gloomiest Wall Street forecast....
...Liu, who asked that his first name be withheld, swapped his iPhone for Huawei’s new Mate 60 in October....
Scrapping a project with high upfront costs makes sense
...On Tuesday, Tesla posted sales of 386,810 vehicles in the first three months of 2024, below an expected 450,000 but more than that of its Chinese rival....
...Of 1.2mn new energy vehicles sold in China in the first two months of the year, 467,000 were PHEVs, marking a 73 per cent jump on the same period a year earlier....
...Drivers aged 17 were the only cohort to see the price of cover rise in the first quarter, with the average yearly premium quote up 1 per cent at £2,919....
...The news, which was announced to employees on Tuesday, was first reported by Bloomberg. The cancellation comes as the EV industry has slowed in recent months....
...The vote is a setback for Elon Musk, five years after he stunned the German auto industry by announcing he would build his first gigafactory in Europe next to Berlin, throwing the gauntlet to an industry...
...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....
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