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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....
...The two companies agreed that Hertz “keep the cars longer than a year, we work with them, and we have the right to first refusal whenever they want to take them out of the fleet”, he 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...
...A portrait of the bewhiskered duke — later George V — stares down at us....
...German tuning company Klassen has been modifying both the Mercedes-Benz V-Class and Sprinter vans for more than two decades....
...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....
...Sales of electric vehicles will “grow strongly” this year and could see battery and hybrid models account for one in five cars sold worldwide, according to a bullish forecast from the International Energy...
...— a flying car, in other words — a contact from its rival texted me: “The industry considers it [dual-mode] a joke.”...
...It is a stretch to imagine that robotaxis can turn the company’s fortunes around this year. Musk presided over the company’s latest quarterly earnings call with a confusing message....
...Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018....
...But they also want to know whether Elon Musk’s company is in the midst of a major change in direction, after reports that it was slowing plans for a cheaper $25,000 electric car — known unofficially as the...
...The Technoking is the reason Tesla remains the most distinctive car company in the world....
...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....
...Dear reader, Here’s a puzzle. Electric car company Tesla presents a terrible set of first-quarter earnings and is rewarded with a 10 per cent share price jump....
...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....
...EV charging problems were weighing on car companies, JD Power said in a report last month. “EVs are still a clear part of the product road map. That hasn’t changed....
...At Stellantis, which owns the Ram and Jeep brands, European van and US truck sales account for just under half of the company’s profits, with per-vehicle margins dwarfing those of its passenger cars....
...Even in the US, about half of car journeys in the busiest cities are less than three miles. Many urbanites now probably drive a car because they have a car....
...to research company Counterpoint....
...EVs represent a large majority of new car registrations in Norway, thanks in part to heavy financial incentives....
...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....
...Li Yunfei, general manager of branding and public relations at BYD, said in a recent social media post that the company was starting “a grand showdown with gas cars”....
...“It’s always defied gravity, it has never behaved like a car company,” he said, but then added: “Suddenly it starts to look like it’s not immune from the same demand cycles and dynamics that affect the rest...
...Apple began to build up Project Titan about a decade ago. In 2017, the company was granted a licence to test autonomous cars in California....
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