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The Art Market
Marlborough Gallery to close as tougher times bite
...This analyses sales of unique works at Christie’s, Sotheby’s and Phillips, with data from ArtTactic....
April 4, 2024
Electric vehicles
IEA bullish on electric vehicle sales in 2024
...This shift will have major ramifications for both the auto industry and the energy sector.”...
April 23, 2024
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
Tesla Inc
Tesla steers back towards cheaper cars
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
April 25, 2024
BYD Co Ltd
BYD misses profit forecasts as Huawei challenge emerges
...Elon Musk’s decision to lower the price of Tesla vehicles in China in late 2022 sparked savage price cuts across the auto industry, leading to squeezed margins for both legacy multinational auto groups in...
March 26, 2024
Tesla Inc
Tesla and BYD sales fall as concerns mount over electric shift
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
April 2, 2024
Tesla Inc
Tesla to cut 10% of global workforce
...The pressure is especially high in China, the world’s biggest auto market and the US EV maker’s second-largest market by sales, where competition between local EV makers and foreign carmakers is heating...
April 15, 2024
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
The Art Market
Celebrity auctions boost sales in a turbulent year
...For the three major auction houses — Christie’s, Sotheby’s and Phillips — whose sales rely heavily on the thin $10mn-plus market, the unsettling backdrop contributed to a combined fall of 18 per cent to...
December 28, 2023
Tesla Inc
Tesla shares rise on plans to accelerate launch of ‘more affordable’ models
...“Global EV sales continue to be under pressure as many carmakers prioritise hybrid over EVs.”...
April 24, 2024
The Art Market
Christie’s and Sotheby’s results show market ‘has lost froth’
...Totals at Sotheby’s and Christie’s came in at the low end of expectations, already revised down after a number of withdrawals, while Phillips’ slim sale of £10.9mn (£13.7mn with fees) on March 7 didn’t quite...
March 14, 2024
BYD Co Ltd
BYD loses EV throne to Tesla as sales slip
...Analysts said the ongoing price war in China’s auto market could lead to a vicious cycle. “In the case of China, when the price is lower, people think, ‘wait a minute....
April 2, 2024
The FT ViewThe editorial board
The electric vehicle revolution is running out of steam
...The lull in EV sales is having a damaging impact on the auto industry....
April 10, 2024
The Art Market
Sotheby’s set to make record for Surrealist Leonora Carrington
...He says, though, that news this week that China’s gross domestic product growth performed better than expected in the first quarter of the year could improve the mood ahead of sales at Christie’s and Phillips...
April 18, 2024
XPeng, Inc
China’s Xpeng to boost spending to survive ‘bloody sea’ of EV competition
...The slowing pace of sales growth has fuelled expectations among auto executives for a wave of consolidation that will leave only a handful of companies in the world’s largest car market....
February 19, 2024
Tesla Inc
Tesla’s Q1 is going to be a wreck. Will anyone care?
...It was something tenable on the horizon, so was a reason to look past the current EV sales slump....
April 17, 2024
Unhedged
Where Tesla departs from the Mag 7 Premium content
...Yet sales, the same data set predicts, will lag even further behind. EV interest last year resulted in sales of 9.5mn vehicles, but the figure is only expected to be 9.8mn this year....
April 3, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Inside BusinessJune Yoon
BYD’s $230,000 electric sports car signals plan to take on VW and Toyota
...Less than two years into entering Thailand, the region’s second-biggest auto market, BYD holds the position as the biggest EV maker and the third-largest automaker for the overall passenger car market, according...
March 5, 2024
The Art Market
Nervous art market waits on make-or-break New York sales
...Phillips hosts its first auction dedicated to ceramics made by Lucie Rie and her colleague and friend Hans Coper in London on November 1....
October 26, 2023
Rivian Automotive, Inc.
Electric-truck maker Rivian projects no production growth in 2024
...Sales grew by 55 per cent between January 2022 and January 2023....
February 21, 2024
LexSotheby's Inc
Auction houses: fees hit by competition for blockbuster lots Premium content
...Combined first-half sales for Sotheby’s, Christie’s and Phillips were down 18 per cent, says ArtTactic. Costs are unlikely to have followed suit....
December 9, 2023
The Art Market
Rediscovered Rembrandt valued at €15,000 now offered for £15mn
...Phillips has won the mandate to sell 30 works from the prestigious Triton Collection Foundation, valued at more than $70mn and with an auction house-backed guarantee of sale....
October 5, 2023
Digital currencies
The SEC needs to get philosophical
...In United Housing Foundation, Inc. vs....
July 19, 2023
Elaine Moore
Chat apps have conquered office life — is that a good thing?
...Sales growth has fallen. In the last quarter, it was 16 per cent, down from 33 per cent the previous year. The co-founders have left....
March 15, 2024
BYD Co Ltd
China’s BYD moves closer to unseating Tesla as EV leader
...Daniel Roeska, an auto analyst with Bernstein, said that consumers had perceived a “chasm” between the industry leaders — Tesla and BYD — and the “traditional [original equipment manufacturers]” such as...
January 1, 2024
Inside BusinessSujeet Indap
Hertz and Carvana: what their diverging fortunes tell us
...Even as car sale volumes are still depressed compared with peak levels, unit profitability has reached record levels and the operating profits and cash flow have turned slightly positive....
November 30, 2023
Electric vehicles
Tesla rival Nio secures $2.2bn investment from Abu Dhabi fund
...Monthly sales of plug-in hybrid and pure battery cars in China rose above 1mn for the first time in November, according to data from Automobility, a Shanghai consultancy....
December 18, 2023

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