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...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...The Wall Street Journal first reported news of the apps’ removal....
...“Going balls to the wall on autonomy is a blindingly obvious move,” Musk wrote on X, his social media platform, earlier this month....
...My favourite building is the V&A. I had the chance to work on Tim Walker’s Wonderful Things exhibition in 2019, and spend a lot of time there....
...The case dates back to 2018 when the billionaire — who runs the electric-car maker Tesla — shook Wall Street with a tweet declaring: “Am considering taking Tesla private at $420. Funding secured.”...
...But she adds, “The whole ecosystem is costly, from the research and development phase to production.”...
...“Going balls to the wall on autonomy is a blindingly obvious move,” Musk wrote on X, his social media platform, this month....
...But, intriguingly, what keeps Milan on top of the pile is its adherence to production....
...The scale of Tesla’s challenge was laid bare this week when its first-quarter sales fell short of the gloomiest Wall Street forecast....
...Dhabi’s media record under scrutiny after Telegraph deal offer (FT) Bayer chief blames thin drug pipeline on ‘years of under-investment’ (FT) Africa’s richest man under pressure as giant refinery nears production...
...Since August, eight European solar companies have either filed for bankruptcy, paused production, warned of factory closures or restructured debts....
...Their mounting challenges in the country have caught Wall Street’s attention, contributing to Apple’s 9 per cent share price slide this year and Tesla’s 28 per cent fall, making them the poorest performers...
...Tesla reported a gross margin of 17.6 per cent for the quarter, below Wall Street predictions of 18.3 per cent and down from 23.8 per cent a year earlier....
...“It is going to require immense work to reach volume production and be cash flow positive at a price people can afford.”...
...Earnings for its most recent quarter soared past Wall Street’s expectations as it added 9mn new subscribers — the strongest rise since early 2020, when Covid-19 lockdowns led to a jump....
...The price of oil is being kept down by weak Chinese demand, despite Opec production cuts....
...It is also a test of Beijing’s willingness to let Chinese companies raise billions of dollars on Wall Street after its crackdown on the technology sector....
...At the same time, concerns about weaker iPhone sales — particularly in China — have weighed on Apple’s stock in the first few days of 2024, prompting a series of Wall Street analyst downgrades....
...It reported an adjusted loss per share of $1.08, better than the $1.41 that Wall Street expected....
...The number of new vehicles Tesla delivered in the latest quarter fell short even of Wall Street’s reduced expectations, as planned factory shutdowns crimped production and demand for electric vehicles sagged...
...The “writing is on the wall” for US solar manufacturers, said Pol Lezcano, senior analyst at BloombergNEF....
...“It’s an authored experience, rather than just putting the pictures on the wall,” Cohen said. Blavatnik separately owns DAZN, the sport streaming service....
...Smart reads Pirate panic Security crises on the high seas are causing problems for the international economy, the Wall Street Journal writes....
...Since the Federal Reserve began raising interest rates in 2022, Wall Street has become sceptical of Hollywood’s growth-orientated streaming revolution and is focused on profits....
...The company delivered fewer vehicles in the third quarter than Wall Street expected....
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