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...The company expected the factory to reach production of as many as 500,000 cars a year when it reached full capacity, the people said....
...In spite of these numbers Tesla is conceptualised as AI and/or robotics company by some, and thus we might be using the wrong valuation framework, so apologies to the “it’s not a car company” crowd in advance...
...Some good news Only two northern white rhinos are left alive, but there are hopes the species may be able to recover from the brink of extinction using frozen skin cells from dead rhinos....
...It is possible that expensive, at-home exercise equipment was a lockdown fad while cars were a necessity. But equity and credit investors failed to perceive this difference three years ago....
...And Musk’s outspoken posts on his social media platform X risk denting his car company’s brand....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...But one day, he says, Tesla and SpaceX may create something that is not “even really a car”. The Technoking is the reason Tesla remains the most distinctive car company in the world....
...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....
...world’s largest car market....
...Adrian Lewis, Inchcape’s chief financial officer, said there were several offers for its retail sites and following the deal, Inchcape would largely be a “pure-play” car distribution company....
...The decade-long effort to build a product that competes with the likes of Tesla and Rivian has never been officially confirmed by Apple, and a spokesman for the company declined to comment....
...This week, Musk suddenly fired the entire “Supercharger” division of his electric car company Tesla, news of which was delivered via “nothing more than a ‘Dear Employee’ email in middle of the night”, according...
...Much of that growth came from China, where two-thirds of electric cars were already cheaper to purchase than their petrol equivalents, the IEA found....
...The company said the loss was driven by a cumulative $721mn writedown of the value of Uber’s stakes in other groups, which include self-driving car company Aurora and Chinese ride-hailing business DiDi....
...Two days later, the company got Chinese influencer Luo Yonghao to sell it via livestream....
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...But to do that it needs cheaper cars, not robotaxis. elaine.moore@ft.com...
...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...
...Auto insurers across the US had struggled with the high replacement costs of new cars, exacerbated by supply chain issues and surging inflation....
...Work is under way to develop a range of alternative uses to support car park income. The discount to net asset value is by no means unusual across the sector....
...Tesla’s share price has fallen by almost a third so far in 2024, as it has lost ground to local rivals in China, the world’s biggest car market by units....
...to research company Counterpoint....
...Companies including Ford have delayed expansions of their range of EVs, hedging their bets with hybrid models....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...Tesla still makes more than 80 per cent of its revenue from selling cars....
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