Hints and tips:
Related Special Reports
Related Topics
...That is more than any of the biggest names in corporate America including Tesla, the $565bn behemoth whose stock is often frenetically traded....
...It is not the first time Tesla has had to temporarily stop production in Europe....
...The ruling “creates a tornado situation for Tesla’s board”, said Dan Ives, an analyst at Wedbush....
...The company’s lots are full of Teslas, even as it offers heavy discounts, because it turns out renters still prefer traditional cars and hybrids to EVs....
...Based on Tesla’s closing price on Friday, 11 per cent of 267mn shares comes out to roughly 29mn shares, which would be worth $5.9bn....
...But Tesla has ambitious plans to expand capacity from 500,000 cars a year to 1mn. To do that, it will need additional space for logistics....
...average is still below Tesla’s despite the recent boom....
...Tesla China did not immediately respond to a request for comment....
...This is not a dream, because the company is Tesla, and its leader is Elon Musk....
...Delaware-incorporated companies are valued at $34tn in aggregate, so Tesla is 1.7 per cent of that total....
...Tesla’s shares have fallen 26.5 per cent this year. The stock doubled in 2023. Tesla reported slower revenue growth and a shrinking gross margin for the three months to the end of December....
...Musk posted on X this month that he would like another Tesla stock grant in order to ensure a larger stake, which he said would encourage him to put other nascent ventures under the Tesla umbrella....
...Tesla did not immediately respond to a request for comment....
...The Delaware court decided that Musk “controlled” Tesla even with just a 20 per cent stake in 2018....
...Many renters, meanwhile, still preferred traditional cars and hybrids, leaving Hertz car lots full with Teslas even after it offered drivers heavy discounts....
...Tesla’s share price is down about a quarter this year....
...BYD profits rose last year but fell short of expectations as Tesla’s main Chinese rival felt the brunt of intensifying competition and slowing sales growth....
...At the end of the third quarter, BYD and Tesla each boasted about a 17 per cent share of the global market for fully electric cars. In the third quarter, BYD sold about 432,000 versus Tesla’s 435,000....
...The value to Tesla from making weird-looking novelties that people gawp at isn’t solely economic....
...Calling Tesla Indian and south-east Asian leaders are appealing to Tesla CEO Elon Musk to invest in their countries, write Nikkei staff writers....
...If a multinational such as Tesla can avoid a deal, they fear, others might do the same, undermining a bargaining system that has existed since 1938. The stakes are high for Tesla, too....
...Tesla and the shareholders settled that case at a value pegged at more than $900mn....
...Tesla directors include Musk’s brother Kimbal, longtime associate James Murdoch, and JB Straubel, one of Tesla’s co-founders....
...“For any doubters left in the west, I hope this is the final data point that points to BYD’s strength and, as importantly, how ‘China EV Inc’ has bullied its way on to the global stage,” said Tu Le, founder...
International Edition