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...The people with knowledge of Tesla’s plans said it would send a team from the US by late April to study sites for the plant, focusing on states with existing automotive hubs, including Maharashtra and Gujarat...
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...The underdog of British music, indie rock, is back in the ring. ★★★★☆ ‘This Could Be Texas’ is released by Island...
...After 87 per cent voted in favour, Musk said he “will move immediately to hold a shareholder vote to transfer state of incorporation to Texas”....
...The takeover of Inchcape’s dealerships will give New York-listed Group 1 Automotive which has outlets in London, sites in the northern part of the UK....
...Tesla stock had plunged more than 40 per cent since the start of the year after warning of slowing vehicle deliveries, a potential move of its incorporation to Texas from Delaware and revealing plans to...
...Experts think superhot rock energy has the potential to unlock thousands of terawatts of power....
...And for all of the histrionics of Musk, there is not even a hint that other big public companies are set to abscond to Texas, Nevada or any other state....
...This is an audio transcript of the FT News Briefing podcast episode: ‘Big tech continues to rock’ Marc FilippinoGood morning from the Financial Times....
...“Tesla will move immediately to hold a shareholder vote to transfer state of incorporation to Texas,” Musk wrote on his social media platform X. Good, fine, whatever....
...“Automotive is one of our pillars of our growth and our future,” said Vachani, in which Arm is making a “significant amount of investment”....
...“Ameriican Requiem” morphs from hymnal singing into psychedelic rock. “16 Carriages” has the whiplash beats and resolute singing of an old-fashioned Western soundtrack....
...He added that an informal poll he had earlier held on such a shift was “unequivocally in favour of Texas”....
...The Texas-raised singer, at that point one of the genre’s rising stars, was responding to her run-ins with Nashville’s country music establishment, which had reacted to her advocacy of marijuana use and...
...“Delaware thinks: ‘We’re smarter than you are, and we’re going to have judges up here in Wilmington look at the economics of your transaction,” said Byron Egan, an elder statesman of the Texas corporate...
...Aaron Kinsey, chair of the Texas State Board of Education, in a letter asking for the decision to be reconsidered.* BlackRock declined to comment on the size of red state ESG-related divestments....
...Rivian reported a net loss of $5.4bn in 2023, improving from a $6.8bn loss a year earlier. It held $9.4bn in cash and cash equivalents at the end of 2023, compared with $12.1bn at the end of 2022....
...The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...“Cómo Dónde y Cuándo” is a polished take on 1990s alt-rock, a reminder of Shakira’s eclectic sensibility but without much purpose beyond that. She sings in Spanish....
...Since then, he has shifted incorporation of two of his companies away from Delaware — SpaceX to Texas, and Neuralink to Nevada....
...The pair, who have traded supportive messages over the past year on Musk’s X platform, met at Tesla’s factory in Austin, Texas, and discussed “the need to liberate markets” and “the importance of eliminating...
...Emails go unanswered, including all the ones we’ve sent about when Tesla will hold an investor vote on moving its corporate registration to Texas, which Musk said on February 1 would be happening “immediately...
...The Texas plant has a production goal of 250,000 Cybertrucks a year, although the company does not expect to meet that objective until at least 2025....
...Cruise, the self-driving car subsidiary of General Motors, targeted annual revenues of $1bn by 2025. Last year, the business reported sales of just $102mn amid a $3.4bn loss....
...Investors, who are already digesting a steadily falling share price, disappointing sales figures, and a contentious plan to move company headquarters from Delaware to Texas, face another conundrum: whether...
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