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...“Elon is hedging his bets,” said Christopher Tsai, chief investment officer at Tsai Capital, a Tesla investor....
...Albert Bridge Capital holds shares in Porsche SE, which is part owned by Volkswagen....
...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...Now, one of the world’s most important development finance institutions has teamed up with one of the biggest global asset managers to try to change that....
...“I think it won’t be rubber stamping [Elon’s wishes] any more,” said Philippe Houchois, auto analyst at Jefferies....
...“William is crazy,” joked one employee. “His fans are too.”...
...The company is also working with Singapore-based FEST Auto to sell EVs to the European logistics market....
...In a further sign of support, the Chinese capital has started road-testing unmanned police patrol vehicles....
...“He did it, and no one else in the world could have done it, and if the price tag is $56bn, that’s the price tag,” said one former Tesla executive. “He’s Ronaldo, he’s Messi....
...The company also drew attention for linking arms with a pretty big name in ESG that Moral Money readers will recognise. — Patrick Temple-West Mr ESG joins ESG Inc Hiro Mizuno built a reputation as one...
...The CEO told me that demand dropped off so suddenly in the last quarter of 2022 that no one had expected it....
...One good read The esports boom is over....
...Its current shareholders include Chinese internet group Baidu, China-focused venture firm Lightspeed and German auto-parts specialist Bosch....
...Save for a rowing machine tucked in one corner, the office is missing some of the usual trappings of high finance....
...And one of their largest investors is pulling out.”...
...But one person with knowledge of the discussions said talks faltered after the US company asked that Nissan make Apple-branded cars, a demand that would effectively downgrade the automaker to a hardware...
...To Bed, Bath, & Beyond 🚀 Many good stories in finance begin with a securities filing....
...Corporations went from being massive borrowers that relied on external finance to cover their capital budgets (and some of their operating expenses) to being huge net lenders....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...A version of this article was first published by Nikkei Asia on May 12, 2022. ©2022 Nikkei Inc. All rights reserved....
...Lenders immediately demanded that Hertz pay hundreds of millions of dollars to make up for falling auto prices....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...There was a March release date given for Gran Turismo 7 and the unfortunate slippage of Grand Theft Auto V from November to March. Axios has more....
...Retribution at the related auto equipment division was limited to a feeble voluntary 5 per cent cut of one month’s salary....
...This month Capital One became the largest US bank to eliminate overdraft fees, while still pledging to extend free coverage to customers whose accounts fall below zero dollars....
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