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...giant to taper its electric ambitions....
...“Rather than tapering off, the global EV revolution appears to be gearing up for a new phase of growth,” said IEA executive director Fatih Birol....
...The company launched the “M4” chip for its latest iPad Pro devices on Tuesday, just months after it introduced the M3 alongside new Macs in October....
...And there were no questions from the sellside analysts about reduced potential cost savings, nor what would need to be sacrificed to create the new capacity....
...Thanks for reading — Patrick Temple-West Electric vehicles Tesla navigates slowing EV demand and a crowded field with an ‘affordable’ model Tesla’s share price jump this week highlighted how jumpy electric...
...Thousands of imported vehicles, many of them electric cars made in China, are clogging up European ports....
...Elon Musk’s Tesla and Chinese rival BYD both reported sharp falls in electric car sales, adding to concerns of the slowing shift towards electric vehicles....
...In a filing on Tuesday evening, the electric-car maker said it had “updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the...
...This month Apple released its new spatial computing headset, the Vision Pro, and has been spending on new chips and employees as it prepares to bring AI features to its devices....
...On Sunday, Tesla’s electric vehicles were included on a list of more than 70 car models that have been tested for data security compliance by a Chinese industry group....
...Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp...
...After overtaking Tesla as the world’s largest electric-vehicle maker last year, BYD has started releasing higher end models, the latest being its Yangwang U9 electric sports car with that price tag, to try...
...There is no new product, and he won’t take further price action.”...
...The downbeat news and questions about direction may even prompt a change of heart among some diehard fans....
...As long as governments maintain 2035 targets to ban new combustion engine vehicle sales, a tipping point should still come....
...The news is another sign of tougher conditions for the electric vehicle sector. Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...The news outlet/hedge fund Hunterbrook, in its debut article/short sale, sent the stock of United Wholesale Mortgage down 8 per cent....
...With typical grandiloquence, he claims that turning the company’s electric fleet into autonomous vehicles could be “the biggest asset value appreciation in history”....
...Apple shares barely moved in early New York trading on Wednesday, keeping steady at $181.84....
...Carmakers want a rapid increase in public charging facilities to help meet new green targets....
...But in weeks without official news — when it’s just Musk’s tweets and the surrounding ecosystem of grift and nonsense — the stock is up 1 per cent on average....
...The good news is profitability and high share prices have allowed Tesla to bank funds....
...The electric-car maker’s market value jumped 787 per cent to $669bn by the end of that December, but has since slipped back to $589bn....
...Hertz needed someone to “stabilise the business” before focusing on new initiatives, they added....
...Facing one of the worst stock slumps in Tesla’s 14-year history, Elon Musk was under pressure this week to deliver a reassuring message to investors about its next generation of electric vehicles and a persuasive...
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