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...TMTG shares lost more than 20 per cent after reporting 2023 revenues of $4mn, less than half what the average Chick-fil-A franchise makes....
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...That’s only a narrow increase on 2022, but a 78.8 per cent increase just since 2020....
...Tesla’s market capitalisation has fallen by nearly 30 per cent this year to about $560bn, compared with more than $1tn at its peak....
...Yet, in its eight-part retelling of the Highsmith fable, it has managed the unconscionable: to make Ripley deathly dull....
...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....
...Its first note concluded that buying a lot of bitcoin would’ve worked historically — in the sense that adding something that went up a lot to a portfolio would make the portfolio perform better — but it...
...Scrapping a project with high upfront costs makes sense. Competition has grown. Tesla has been forced to cut its prices. Car making is a low margin business to begin with....
...After the financial crisis, it spent Rmb4tn (nearly 13 per cent of GDP back then) building out infrastructure....
...About 6,000 trips were logged on UberCheats in total, 17 per cent of which appeared to have been underpaid....
...This proportion was only 46 per cent in 2022, with the majority of ETFs that cut fees in 2021 garnering lower inflows in the following year....
...By contrast, Home Depot suffered a 3 per cent decline in full-year revenues as its retail customers put off big DIY projects. Rival Lowe’s reported an even steeper 11 per cent drop in annual sales....
...Sales of higher-margin discretionary items like home decor were down 12 per cent....
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