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...Modi pushed Musk to invest in India when the two met during a visit to the US by the prime minister last year....
...If the US raises interest rates again this year, higher car financing costs could further dent demand....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
Pedal to the metal, balls to the wall, margins to the floor
...The industry is divided over what recent data tells us. One school of thought is that EV sales growth in Europe has, thus far, been from wealthy early adopters and corporate buyers....
...Installing charging points has also not kept pace with sales in some markets, with the number of EVs per charging point rising in Norway, the US and UK....
...US: January PPI inflation rate data plus the University of Michigan consumer sentiment survey Results: Air Canada Q4, Bridgestone FY, Eni FY, Ingersoll Rand Q4, NatWest FY, PPL Q4, Segro FY, Swiss Re FY...
...Most big US carmakers have reported a drop in electric vehicle sales due to softening consumer demand, a shift in preference to hybrids and increased competition from low-cost options from Chinese brands...
...He’s backed influential rightwing group Club for Growth and is the main donor behind Protect Freedom PAC, a Republican fundraising super-political action committee aligned with Senator Rand Paul....
...This group briefly considered an option to domicile Tesla outside the US, but then drew up a shortlist of 10 states, before whittling the options down to Texas and Delaware....
Shares drop after car sales slip in first quarter
...“We have . . . made the difficult decision to reduce our headcount by more than 10 per cent globally . . . this will enable us to be lean, innovative and hungry for the next growth phase cycle,” wrote Tesla...
...The clunky rollout of subsided US charging stations could speed up, making EVs more attractive. These are hard calls and we’re in no position to forecast the EV supply-demand balance....
...He is a top backer of Club for Growth, an influential rightwing group, and the main donor behind Protect Freedom PAC, a Republican fundraising super-political action committee aligned with senator Rand Paul...
...The deal comes as some UK assets have become attractive targets for US companies amid the strengthening of the dollar....
...Proponents of the bill will face opposition from Rand Paul, the libertarian Kentucky Republican senator who has expressed concern about the implications for free speech....
Investors want to know whether electric-car maker is in the midst of a major change in direction
...In the last quarter, US chip designer Nvidia revealed that revenue from its automotive business fell 4 per cent year over year. In some regards, Apple had the right idea....
...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....
...“They gave us a deadline with a month and day by which we would have to stop using iPhones.”...
...The US’s defence and aerospace industries seem to be having an extremely Normal Week....
...Overall US used-car prices have fallen by 14 per cent since July 2022, but those for Teslas have halved, according to data from HSBC....
...The US company told the Financial Times there had been “no attack on or fire at the factory”, which is situated in the Brandenburg region south-east of Berlin and produces 6,000 cars a week....
Acquisition might please regulators but would strain jet maker’s liquidity and efficiency measures
...In its filing on Friday, Bernstein noted there had been two larger jury awards made in past US civil lawsuits — both of which were in Texas....
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