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...Tesla’s share of China’s new energy vehicle sales slipped to 7.7 per cent in March, 4.7 percentage points lower than in the previous year, according to the China Passenger Car Association....
...This shift will have major ramifications for both the auto industry and the energy sector.”...
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...Without it, investors can only look forward to a collection of binary bets (AI and energy storage stuff as well as the robot chauffeurs and butlers)....
...That’s lower than expected and largely driven by smaller increases in the costs of things like fresh food and energy....
...Data from the China Passenger Car Association showed that Chinese sales of pure battery cars and plug-in hybrids, which the government counts as “new energy vehicles”, or NEVs, rose 36 per cent last year...
...The really big question in global macro this year is around who will buy the huge wave of extra issuance from governments trying to make ends meet and finance the green energy transition....
...Tesla directors include Musk’s brother Kimbal, longtime associate James Murdoch, and JB Straubel, one of Tesla’s co-founders....
...In the first two months of the year, Tesla’s market share of China’s new energy vehicle sales, which include EVs and hybrid plug-ins, slipped to 6.6 per cent, from 7.9 per cent in the same period a year...
...Yet as of the end of September, Tesla had $5.3bn of “Solar energy systems, net” on its balance sheet at cost....
...Tesla: The electric-car maker is expected to report a decline in profits, while its shares have declined almost 40 per cent so far this year to 44 cents a share and it continues to cut prices in an effort...
...In a statement published in China, the Shenzhen-based group called itself the “world champion” for “new energy vehicles” after notching total annual sales of more than 3mn for 2023 across its vehicles —...
...Smaller companies play a big role in Japan’s electric vehicle battery supply chain, indirectly supporting the likes of Toyota Motor and Tesla....
...When including plug-in hybrid vehicles — which China counts as “new energy vehicles”, or NEVs, alongside pure battery and hydrogen-powered models — BYD overtook Tesla in the first half of 2022....
...China counts pure battery EVs and plug-in hybrids as “new energy vehicles”....
...(Christine Murray) Power Points On markets and geopolitics, it is a mistake to forget about US shale Tesla to cut 10% of global workforce amid brutal price war and EV slowdown Aluminium and nickel prices...
...Calling Tesla Indian and south-east Asian leaders are appealing to Tesla CEO Elon Musk to invest in their countries, write Nikkei staff writers....
...Tesla’s gains propped up the consumer cyclical sector, while energy stocks benefited from rising oil prices....
...Last week South Korean battery producer LG Energy Solution echoed Tesla chief Elon Musk and warned EV sales were expected to weaken as a result of higher interest rates....
...Ooh, so I guess they don’t admire the co-founder of Tesla and SpaceX as deeply anymore....
...Drawbacks of sodium-ion batteries, which include lower energy density and a shorter life cycle compared with lithium counterparts, mean they are unlikely to completely replace lithium batteries anytime soon...
...And at the same solid-state factory tour, Nissan also showcased how it would employ gigacasting — a manufacturing technique pioneered by Tesla that uses casting machines to force molten metal into moulds...
...The Nasdaq Composite was down 0.3 per cent as shares of Meta, Tesla, Nvidia and Apple weakened....
...Tesla has been using gigacasting as a manufacturing method for its Model Y sport utility vehicle since 2020....
...It added: “Our employees are encouraged to innovate and collaborate with other teams to enhance Tesla’s owners’ satisfaction and help accelerate the advent of sustainable energy....
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