Hints and tips:
...Tesla’s sales figures also “suggested a sharp deterioration in growth” in the US, said Tom Narayan, an auto analyst at RBC Capital Market, while the Model Y and 3, which account for more than 90 per cent...
...The slowdown has sent Tesla’s shares down 31 per cent this year, making it the second-worst performer on the S&P 500....
...Since 2022, Tesla has dropped the price for its Model Y sport utility vehicle by about $20,000....
...The software update on 2.2mn vehicles covers Tesla’s 3, S, X and Y models and its new Cybertruck, almost every car the company has ever sold in the US, and was ordered because warning lights on the instrument...
...Likewise, S&P Global Mobility surveys suggest stable EV loyalty, measured as the share of EV owners whose next car was an EV, especially for Teslas....
...The Californian carmaker now plans to fix software for all of its Model X, 3 and Y cars and many of its Model S cars in the US that were fitted with the system, the NHTSA said....
...Moving the above chart’s Y-axis on to a log scale better reveals some interesting long-term hitters: Clearly, the data here is heavily flawed....
...Tesla has also placed less emphasis on its flagship models, withdrawing them from right-hand drive markets such as the UK, in order to push its more affordable Model 3 and Model Y cars....
...Last year its Model Y, launched in 2020, became the best-selling car worldwide....
...During the period that global zombies were on the rise, the US zombie population was stable (in the chart below, the y-axis is zombie share of companies; blue line is listed companies; red line is privates...
...Since it launched the Model S in 2012, Tesla sales have been of sedans and SUVs. But pick-ups take it into the industry’s real gold mine....
...The Gaines family bought their Model Y last month after an abortive attempt to purchase a Ford Mustang Mach-E....
...Bear positions have almost tripled since the start of the year, according to S&P Global Market Intelligence....
...Chief executive Sue Y....
...Under chief executive Sue Y....
...Nearly all of the vehicles shipped last quarter were the mass-market Model 3 and the Model Y SUV. Fewer than 20,000 shipments were the higher-margin Model S and Model X vehicles....
...Earlier in the week the brand also lowered prices on its cheaper 3 and Y models, its second cut this month as it tries to stimulate demand....
...The Wall Street Journal has done an interesting vibes-y piece about this here....
...With 2018’s Green Book, he hit on an Oscar-winning formula in which a working-class white guy learns to question his assumptions about x while on a road trip through y, in period setting z....
...But the real focus is on marine transport and heavy industry....
...It only said that its more affordable Model Y and 3 vehicles accounted for 325,158 of the delivered vehicles, while the pricier X and S cars comprised 18,672 units....
...They damage marine ecosystems, and weaken coral’s ability to act as a natural defence system against storm damage....
...This year Rolex is supporting Under The Pole’s Deeplife exploration programme, which studies marine animal forests in the Canary Islands. rolex.com; underthepole.org S is for SeikoThe Professional Association...
...Elaine Moore is FT ’s deputy Lex editor...
...The booming demand for the company’s Model 3 and Y underpinned its latest sales numbers, accounting for 295,324 of the deliveries....
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