range of organizations associated with motor vehicles, such as automobiles, trucks and motorcycles
Explainer: What is helium and why is it used in rockets?: Two NASA astronauts aboard Boeing's Starliner will stay on the International Space Station for ...
reuters.com/science/what-is-helium-why-is-it-used-rockets-2024-09-07/
Quick Glance: Helium: Essential Gas for Space Missions
- Helium is an inert gas used in spaceflight for pressurizing fuel tanks.
- Its atomic structure makes it prone to leaks, which can be easily detected due to its low atmospheric concentration.
- Experiences with helium leaks, such as in Boeing's Starliner, highlight the need for innovations in valve design and tightening mechanisms.
- Alternatives like argon and nitrogen are being tested, but helium remains the preferred choice in the industry due to its unique properties.
South Africa Lures BYD With Critical Minerals, Car Output Skills: Talks are progressing between BYD Co. and South Africa over a possible investment by the ...
bloomberg.com/news/articles/2024-09-06/south-africa-lures-byd-with-critical-minerals-car-output-skills
Boeing's troubled Starliner returns to Earth – leaving astronauts at space station
go.france24.com/kTN
Quick Glance: Boeing Starliner Returns Successfully, But Uncrewed
- Boeing's Starliner capsule successfully returned to Earth after nearly three months in space, but without astronauts onboard.
- The capsule landed in New Mexico after successfully navigating a challenging reentry through Earth's atmosphere.
- NASA opted against a crewed return due to concerns about orientation and technical issues encountered during the flight.
- The future of the Starliner program remains uncertain, as Boeing has already spent over a billion dollars addressing ongoing problems.
Stellantis to invest $385 mln in Argentine plant: Automaker Stellantis will invest $385 million in its plant in the province of Cordoba, Argentina ...
reuters.com/business/autos-transportation/stellantis-invest-385-mln-argentine-plant-2024-09-05/
Volvo Car Pares Back Targets on Tariff Drag, Slow EV Uptake: Volvo Car AB scaled back its outlook, citing growing trade tensions with tariffs hurting some of its ...
bloomberg.com/news/articles/2024-09-05/volvo-car-pares-back-targets-on-tariff-drag-slow-ev-uptake
Stellantis to invest $385 mln in Argentine plant
reut.rs/4ebWJHl
Toyota, Nissan to expand Japan's battery production capacity, Nikkei reports: Toyota Motor , Nissan Motor and other companies will help expand Japanese ...
reuters.com/business/autos-transportation/toyota-nissan-support-japans-battery-production-capacity-nikkei-reports-2024-09-05/
FedEx invests in AI robotics company Nimble to boost its supply chain business: FedEx said on Thursday it has invested in AI robotics and autonomous technology ...
reuters.com/business/autos-transportation/fedex-invests-ai-robotics-company-nimble-boost-its-supply-chain-business-2024-09-05/
Mercedes-Benz plans to jointly invest $2 bln in China, local media reports: Mercedes-Benz has plans to jointly invest over 14 billion yuan ($1 ...
reuters.com/business/autos-transportation/mercedes-benz-plans-jointly-invest-2-bln-china-local-media-reports-2024-09-04/
US safety commissioners call for investigation into Shein, Temu: Two leaders of the U.S. Consumer Products Safety Commission are calling for the agency to ...
reuters.com/technology/us-safety-commissioners-call-investigation-into-shein-temu-2024-09-03/
Supply Chain Latest: China Investment and Trade With Africa: China is stepping up its outreach to Africa, offering better trade terms, more investment and ...
bloomberg.com/news/newsletters/2024-09-05/supply-chain-latest-china-investment-and-trade-with-africa
Quick Glance: Xi Jinping Unveils $50 Billion Commitment to Africa
- Xi Jinping pledged over $50 billion for Africa over the next three years to enhance cooperation in infrastructure and trade.
- The China-Africa summit was attended by more than 50 African leaders, where multiple agreements for increased collaboration were established across various sectors.
- China aims to provide 360 billion yuan in support, including credits and assistance, with a goal of creating at least one million jobs in Africa.
- Additional agreements include projects in transportation, energy, and agriculture, with concrete commitments for infrastructure development in several African nations.
When buying a used car, reliability is worth its weight in gold. We collected reliability data on 5- to 10-year-old models to find which brands make the most ... Show more
Which Brands Make the Best Used Cars? - Consumer Reports
Which Brands Make the Best Used Cars? - Consumer Reports
Renault readies itself to take on Chinese rivals: Luca de Meo is turning the carmaker around
economist.com/business/2024/08/29/renault-readies-itself-to-take-on-chinese-rivals
Paid articlePaywall
2025 Aston Martin Vanquish First Look: New V-12 GT Gunning for Ferrari: It’s the fastest and most powerful front-engine Aston Martin ever built.
motortrend.com/news/2025-aston-martin-vanquish-v12-first-look-review/
Quick Glance: 2025 Aston Martin Vanquish: Ultimate V-12 GT
- The 2025 Aston Martin Vanquish features a twin-turbo 5.2-liter V-12 engine producing 824 horsepower and 738 lb-ft of torque, making it the most powerful front-engine Aston Martin to date.
- Its design merges iconic elements with modern features, showcasing a wheelbase that is 3.15 inches longer than the DB12 and a 13 percent larger grille for improved airflow.
- The interior combines premium materials with advanced technology, offering options like carbon fiber seats and custom luggage.
- With a starting price of $429,000, the Vanquish directly competes with Ferrari's 12Cilindri and is expected to be available in the U.S. early next year.
Hyundai IONIQ 5 breaks US August sales record ahead of updated 2025 model deliveries
electrek.co/2024/09/04/hyundai-ioniq-5-breaks-us-sales-record-ahead-new-update/
UK housing portal Rightmove surges as Murdoch's REA considers bid: REA Group , the property listings company majority owned by News Corp , is considering buying ...
reuters.com/markets/deals/australias-rea-group-considers-buying-uk-based-rightmove-2024-09-02/
With Star Entertainment in a trading halt, time is running out for it to secure a rescue package
abc.net.au/news/2024-09-03/casino-rescue-package-in-the-balance/104304112
Investcorp's co-CEO Ben-Gacem to leave in management shake-up: Bahrain's Investcorp said on Monday that co-CEO Hazem Ben-Gacem will leave after 30 years with the ...
reuters.com/business/finance/investcorps-co-ceo-ben-gacem-leave-management-shake-up-2024-09-02/
Renault readies itself to take on Chinese rivals: Luca de Meo is turning the carmaker around
economist.com/business/2024/08/29/renault-readies-itself-to-take-on-chinese-rivals
Paid articlePaywall
India’s growing reliance on China poses challenge for U.S. trade strategy: The United States is looking to Indian manufacturing as a way to reduce commercial ...
washingtonpost.com/world/2024/09/02/india-china-manufacturing-supply-chains/
US requests trade dispute consultations with Canada over new digital services tax
reuters.com/markets/us-requests-trade-dispute-consultations-with-canada-over-new-digital-services-2024-08-30/
PZ Cussons Nigeria reports first annual loss in years amid naira depreciation: Nigeria is PZ Cussons’ biggest and most diverse single market, according to the ...
premiumtimesng.com/business/business-news/729664-pz-cussons-nigeria-reports-first-annual-loss-in-years-amid-naira-depreciation.html
GM delays additional $330 mln investment in Thacker Pass, Lithium Americas says: Lithium Americas said on Friday automaker General Motors has delayed the second ...
reuters.com/business/autos-transportation/gm-delays-additional-330-mln-investment-thacker-pass-lithium-americas-says-2024-08-30/
Uber's latest self-driving partner is an AI startup backed by Nvidia and Microsoft
qz.com/uber-driverless-vehicles-wayve-partner-google-gm-waabi-1851635659
Google to open second data center in Latin America, to invest over $850 mln: Alphabet's Google said on Thursday it will open its second data center in Latin ...
reuters.com/technology/google-open-second-data-center-latin-america-invest-over-850-mln-2024-08-30/
China's market regulator says e-commerce giant Alibaba has completed three-year 'rectification' period
reuters.com/business/retail-consumer/chinas-market-regulator-says-e-commerce-giant-alibaba-has-completed-three-year-2024-08-30/
Director Tim Burton talks about returning to his roots with the Beetlejuice sequel, which opens the Venice Film Festival Disillusioned Tim Burton finds himself again in Beetlejuice sequel | Reuters
Quick Glance: Tim Burton Reclaims Passion in Beetlejuice Sequel
- Tim Burton rediscovered his enthusiasm for the film industry while shooting 'Beetlejuice Beetlejuice'.
- The film, premiering at the Venice Film Festival, reunites original cast members like Michael Keaton and Winona Ryder, while introducing new talents such as Jenna Ortega.
- Burton emphasized that he created the sequel not for monetary reasons, but for personal fulfillment and to reconnect with his creative passions.
- In this follow-up, the grown-up Lydia requires Betelgeuse's help to save her daughter from a soul-sucking monster.
Tesla keeps putting its digital history in the memory hole: It seems that the Ministry of Truth has been busy at Tesla. Some sharp-eyed folks ...
techcrunch.com/2024/08/29/tesla-keeps-putting-its-digital-history-in-the-memory-hole/
Tesla’s Supercharger network is still unavailable to non-Tesla EVs | TechCrunch: It’s been more than a year since Tesla agreed to open its Supercharger network ...
techcrunch.com/2024/08/28/teslas-supercharging-network-is-still-unavailable-to-non-tesla-evs/
Quick Glance: Tesla Wins Court Ruling Against Louisiana
- Tesla has won in a U.S. appeals court against the Louisiana Motor Vehicle Commission, which has been blocking direct vehicle sales in the state.
- Several states in the U.S. have laws prohibiting direct sales of electric vehicles without third-party dealers, rooted in outdated regulations meant to protect car dealers.
- In Louisiana, Tesla filed a lawsuit in 2022 against the commission and local dealerships for colluding to deny its dealership license application.
- The appeals court determined that Tesla demonstrated bias, and the case is now being sent back to the U.S. District Court in New Orleans.
SK Hynix develops sixth-gen DRAM chip that uses less power: SK Hynix , world's second-largest memory chip maker, said on Thursday it had developed the industry's ...
reuters.com/technology/sk-hynix-says-it-has-developed-6th-gen-dram-chip-that-uses-less-power-2024-08-29/
India's Paytm gets government nod for investment in payments arm: India's Paytm has received an approval from the country's finance ministry to invest in its ...
reuters.com/business/finance/indias-paytms-payments-services-arm-receives-government-approval-2024-08-28/
autosport.com Aug 29
Carlos Sainz told the Spanish media that he believed he was "a bit of a sacrifice" at Ferrari to make room for Lewis Hamilton in 2025 ... Show more
Starmer, Scholz seek reset in British-EU ties with bilateral treaty: Britain and Germany's leaders agreed in Berlin on Wednesday to work on an ambitious treaty ...
reuters.com/world/europe/uks-starmer-eyes-defence-deal-germany-help-reset-ties-with-europe-2024-08-27/
Quick Glance: Starmer Pursues German Deal to Shift Brexit Dynamics
- Sir Keir Starmer is advocating for priority access to the German economy for UK businesses.
- Talks with German Chancellor Olaf Scholz regarding a new treaty will commence on Wednesday.
- The UK government aims to boost trade and economic activity through the agreement with Berlin.
- An insider noted that while all elements of the agreement are negotiable, preferential access is a key goal.
Hopes new store opening just the start: It's a retail revolving door on George St as one major shop departs and another is poised to arrive ...
odt.co.nz/news/dunedin/hopes-new-store-opening-just-start
Thailand approves Western Digital's $693 mln investment project: Thailand has approved Western Digital's investment project worth 23.5 billion baht ($693 ...
reuters.com/technology/thailand-approves-western-digitals-693-mln-investment-project-2024-08-26/
Kuwait picks new finance and trade ministers in cabinet shuffle: Kuwait has named Nora Suleiman Al-Fassam and Khalifa Abdullah Ajeel as its new finance and trade ...
reuters.com/world/middle-east/kuwait-picks-new-finance-trade-ministers-cabinet-shuffle-2024-08-25/
Asana CEO accuses Tesla of being the next 'Enron': Asana founder Dustin Moskovitz called Tesla the next "Enron" and speculated that people "are going to jail at ...
businessinsider.com/asana-ceo-dustin-moskovitz-tesla-accusations-enron-sec-2024-4
India's silver imports to double on demand for solar, investment: India's silver imports are on course to nearly double this year due to rising demand from solar ...
reuters.com/world/india/indias-silver-imports-double-demand-solar-investment-2024-08-23/
Nestle needs to invest to grow, incoming CEO tells Swiss newspaper: Nestle must invest in its brands and innovations to increase the food-maker's market share ...
reuters.com/business/retail-consumer/nestle-needs-invest-grow-incoming-ceo-tells-swiss-newspaper-2024-08-23/
US requests probe of alleged labor rights denial at Pirelli facility in Mexico: The United States said on Friday it had asked Mexico to review alleged worker ...
reuters.com/business/autos-transportation/us-requests-probe-alleged-labor-rights-denial-pirelli-facility-mexico-2024-08-23/
SpaceX to return Boeing's Starliner astronauts from space next year: Starliner's propulsion system suffered glitches in the first 24 hours of its flight to the ...
reuters.com/technology/space/spacex-return-boeings-starliner-astronauts-space-next-year-nasa-says-2024-08-24/
Quick Glance: SpaceX to Assist with Starliner Astronaut Return
- NASA astronauts Butch Wilmore and Suni Williams will return to Earth in February 2025 aboard a SpaceX Crew Dragon, following propulsion system issues with the Starliner.
- Having been launched to the ISS on June 5, they will remain safe and conduct scientific experiments in the meantime.
- The choice to use SpaceX for their return represents a significant shift from Boeing, which has faced numerous challenges with the Starliner program.
- Boeing has invested over $1.6 billion in the Starliner, but the mission raised concerns about safety and certification.
New VW app Vehicle on Demand makes buying a car unnecessary: Volkswagen is putting everything into the electric car and no longer believes in the classic car ...
focus.de/auto/neuheiten/neue-app-vehicle-on-demand-vw-will-den-autokauf-komplett-ueberfluessig-machen_id_260234899.html
Alibaba to upgrade Hong Kong listing in a bid to attract Chinese investment: Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its ...
reuters.com/business/retail-consumer/alibaba-gets-shareholder-nod-upgrade-hong-kong-listing-primary-status-2024-08-23/
iFixit put the landfill-bound Samsung Galaxy Ring through a CT scanner: iFixit took apart Samsung's Galaxy Ring, scrutinized its components and wrote its ...
engadget.com/wearables/ifixit-put-the-landfill-bound-samsung-galaxy-ring-through-a-ct-scanner-131529577.html
Ford specifies new electric vehicle made in Lorain County will be a van: Ford Motor Co. announces the electric vehicle made in Avon Lake will be a commercial van
cleveland.com/business/2024/08/ford-specifies-new-electric-vehicle-made-in-lorain-county-will-be-a-van.html
Tim Draper leads $2.5 mln funding round for crypto startup Ark Labs: Ark Labs, a three-month old startup developing solutions to speed up bitcoin transactions ...
reuters.com/technology/tim-draper-leads-25-mln-funding-round-crypto-startup-ark-labs-2024-08-22/
Japanese citizen indicted on suspicion of espionage, China confirms: Chinese prosecutors have indicted a Japanese citizen on suspicion of espionage ...
reuters.com/world/asia-pacific/china-confirms-japanese-citizen-indicted-suspicion-espionage-2024-08-22/
SAIC Motor Blames Impending EU Duties for Slumping Sales: Chinese state-owned automaker SAIC Motor Corp. said trade actions have affected sales this year as the ...
bloomberg.com/news/articles/2024-08-21/saic-motor-blames-impending-eu-duties-for-slumping-sales
SoftBank in talks to invest in Sharp but feasibility unclear, Kyodo reports: Japanese telecom company SoftBank Corp is in talks to invest about 100 billion yen ...
reuters.com/markets/deals/softbank-talks-invest-sharp-feasibility-unclear-kyodo-reports-2024-08-22/
Singapore, Malaysia Want to Build a Shenzhen-Style Special Economic Zone: A renewed effort to weave together the economies of Singapore and southern Malaysia ...
bloomberg.com/news/features/2024-08-21/singapore-malaysia-want-to-build-a-shenzhen-style-special-economic-zone
Paid articlePaywallTesla Semi on fire, Uber supercharges its C-suite, and Rivian gets bigger: Chinese EV trade wars, Tesla Semi trucks on fire in California, and Rivian making ...
electrek.co/2024/08/20/tesla-semi-on-fire-uber-supercharges-its-c-suite-and-rivian-gets-bigger/
EU cuts planned tariff on China-made Telsa vehicles to 9%
euronews.com/business/2024/08/21/eu-cuts-planned-tariff-on-china-made-telsa-vehicles-to-9
CarBuzz Aug 23
The GMC Sierra EV Denali Edition 1 Is Finally Here: The $97,500 luxury electric pickup truck is now available at GMC dealerships nationwide.
carbuzz.com/gmc-sierra-ev-denali-edition-1-reaches-dealerships/
The banks that loaned Musk $13B to buy Twitter might be having regrets: According to a Wall Street Journal report, banks that loaned Elon Musk $13 billion to buy ...
techcrunch.com/2024/08/20/the-banks-that-loaned-musk-13b-to-buy-twitter-might-be-having-regrets/
Quick Glance: Musk and Banks: A Financial Catastrophe
- Elon Musk acquired Twitter for $44 billion, with the backing of seven major banks that provided loans totaling $13 billion. Initially, this investment appeared promising for the banks; however, due to Twitter's poor financial performance and rising interest rates, they are struggling to offload the debt.
- Since the acquisition, Twitter has lost approximately 71.5% of its value, making these loans the worst-performing in the banking industry since the 2008 real estate crisis. The loans are classified as 'hung,' meaning they cannot be sold. While banks could sell them at a loss, they might recover their initial investment plus higher interest if Musk repays them.
- Advertising revenue has plummeted, complicating the platform's monetization. Musk has sued an advertising trade group, claiming they instigated a boycott against X. Despite some renewed interest due to upcoming elections, the platform's future remains uncertain.
- High-profile co-investors, including Andreessen-Horowitz, Larry Ellison, and Sequoia Capital, are also feeling the financial strain from the deal, having invested nearly $5 billion together. Musk's shares have lost about $17 billion in value, and his leadership changes have led to complaints about harassment and increased hate speech on the platform.
Stellantis says Illinois investment plans delayed: Stellantis said on Tuesday its planned investments at Belvidere, Illinois, will be delayed but it is committed ...
reuters.com/business/autos-transportation/stellantis-confirms-belvidere-investment-plans-are-delayed-2024-08-20/
Saudi Arabia’s $925 billion sovereign wealth fund reported a 29% growth in its total assets under management last year, with a pivot to domestic investments ... Show more
Goldman Sachs lowers odds of US recession to 20% from 25%: Goldman Sachs has lowered the odds of the United States slipping into a recession in the next 12 ...
reuters.com/markets/us/goldman-sachs-lowers-odds-us-recession-20-25-2024-08-19/
5 big stories we were watching today#CNBCTech EU slashes planned tariffs on China-made Tesla EVs
The EU said planned tariffs on Tesla vehicles imported from ... Show more
European Union slashes planned tariffs on China-made Tesla EVs
UK property: Brits snap up lower mortgages as BOE cut boosts market
Global commodities' biggest winners and losers this year
7-Eleven buyout deal likely to face anti-trust issues: Retail analyst
Novo Nordisk vs. Eli Lilly: Analysts weigh in as the obesity-drug battle heats up
European Union slashes planned tariffs on China-made Tesla EVs
UK property: Brits snap up lower mortgages as BOE cut boosts market
Global commodities' biggest winners and losers this year
7-Eleven buyout deal likely to face anti-trust issues: Retail analyst
Novo Nordisk vs. Eli Lilly: Analysts weigh in as the obesity-drug battle heats up
2025 Lamborghini Temerario First Look: The Huracán Replacement Dares To Be Different
motortrend.com/news/2025-lamborghini-temerario-first-look-review/
Why Hyundai is all in on hydrogen: For the Korean company, it’s much more than an alternative fuel—it represents a potentially life-changing global ...
fastcompany.com/91169084/why-hyundai-is-all-in-on-hydrogen
Porsche agrees to rescue troubled German battery maker Varta: BERLIN: Porsche AG agreed to become a shareholder in Varta AG, providing fresh cash to the ...
thestar.com.my/business/business-news/2024/08/19/porsche-agrees-to-rescue-troubled-german-battery-maker-varta
Patrik Laine latest player to be given a fresh start by Canadiens' GM: "We’re looking for people that want to be part of something and part of what we’re trying ...
montrealgazette.com/sports/hockey/nhl/hockey-inside-out/patrik-laine-latest-player-to-be-given-a-fresh-start-by-canadiens-gm
Hyundai sweetens 2025 IONIQ 6 deal with $7,500 in Bonus Cash: Hyundai will launch the 2025 IONIQ 6 with a generous $7,500 Retail Bonus Cash offer ...
electrek.co/2024/08/16/hyundai-sweetens-2025-ioniq-6-deal-7500-bonus-cash/
Dutch PM Schoof sees : The Netherlands' Prime Minister Dick Schoof said on Friday he expects a
reuters.com/world/dutch-pm-schoof-sees-good-result-talks-with-us-export-controls-2024-08-16/
CNBC Daily Open: Data and earnings ease recession fears: S&P 500 and Nasdaq Composite had a sixth consecutive day of gains, rising 1.61% and 2.34% respectively ...
cnbc.com/2024/08/16/cnbc-daily-open-data-and-earnings-ease-recession-fears.html
Appfire's owners explore sale of stake in collaboration software maker, sources say
reuters.com/markets/deals/appfires-owners-explore-sale-stake-collaboration-software-maker-sources-say-2024-08-16/
US FTC finalizes ban on fake online reviews: The U.S. Federal Trade Commission on Wednesday finalized a ban on companies knowingly buying or selling fake online ...
reuters.com/business/retail-consumer/us-ftc-finalizes-ban-fake-online-reviews-2024-08-14/
George Soros’ firm dumped $73 million in Alphabet and Amazon before the July nosedive
fortune.com/2024/08/15/george-soros-tech-nvidia-dump-alphabet-amazon-microsoft-apple/
Paid articlePaywallChinese e-commerce giant JD.com beats estimates for quarterly profit: Chinese e-commerce giant JD.com beat estimates for quarterly profit on Thursday ...
reuters.com/technology/chinese-e-commerce-giant-jdcom-misses-quarterly-revenue-estimates-2024-08-15/
US fines T-Mobile $60 million over unauthorized data access: A powerful U.S. committee that scrutinizes foreign investment for national security risks fined ...
reuters.com/business/media-telecom/us-committee-slaps-60-million-fine-t-mobile-over-unauthorized-data-access-2024-08-14/
German investment in China soars despite Berlin’s diversification drive: Politicians warn of rising geopolitical tensions but country’s carmakers stick with ...
ft.com/content/339ac2c7-f570-4ec0-8753-54f431c6aa10
Italy's Prysmian gets more than $96 mln in trade secrets dispute against Sterlite
reuters.com/business/italys-prysmian-gets-more-than-96-mln-trade-secrets-dispute-against-sterlite-2024-08-12/
#BangkokPost : The government is waiting for word from Tesla as to whether it will scrap its plan to invest in Thailand, according to government spokesman Chai ... Show more
How CNH’s ‘black belt’ M&A head makes deals: Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions ...
techcrunch.com/2024/08/11/how-cnhs-black-belt-ma-head-makes-deals/
Tesla rep to meet Miti to discuss investment plans: KUALA LUMPUR: A representative from Tesla’s headquarters in the United States will be meeting with the ...
thestar.com.my/business/business-news/2024/08/12/tesla-rep-to-meet-miti-to-discuss-investment-plans
Exclusive: India's Mahindra seeks nod for $3 bln Shaanxi JV, sources say: Indian automaker Mahindra & Mahindra and China's Shaanxi Automobile Group have agreed ...
reuters.com/business/autos-transportation/indias-mahindra-seeks-nod-3-bln-shaanxi-jv-sources-say-2024-08-09/
‘I was horrified’: Kia owner says she was dismissed over oil consumption issue. Now she needs a new engine
globalnews.ca/news/10688716/kia-owner-dismissed-oil-consumption-new-engine/
Les Schwab for sale again and owners want $7 billion, Reuters reports : It's one of Oregon's biggest and best-known companies.
oregonlive.com/business/2024/08/les-schwab-for-sale-again-and-owners-want-7-billion-reuters-reports.html
Paid articlePaywallDevRev raises over $100 mln in Series A, joins AI unicorn Club: Customer relationship software firm DevRev has raised $100.8 million in series A funding round ...
reuters.com/technology/devrev-raises-over-100-mln-series-joins-ai-unicorn-club-2024-08-09/
Californians are buying fewer Teslas, could be bad sign for Elon Musk: Tesla's sliding sales in California could be a symptom of wider problems for Elon Musk and ...
businessinsider.com/californians-buying-fewer-teslas-bad-sign-elon-musk-evs-2024-8
Quick Glance: Tesla Sales Decline Signals Increased Competition
- Tesla is experiencing a significant drop in new vehicle registrations in California, marking a 24% decline between April and June, continuing a three-quarter trend. This decline occurs despite the overall growth in the electric vehicle (EV) market both in California and the U.S., indicating a loss of market share for Tesla.
- The rising competition in the EV market was highlighted by California Governor Gavin Newsom, who noted that Tesla is no longer the sole manufacturer in this sector, confirming the anticipated shift towards increased competition.
- Elon Musk attributed the sales decline to high interest rates and economic uncertainty, yet some Tesla owners are distancing themselves from the brand due to Musk's controversial political views, which some customers find problematic.
- Experts suggest that Tesla is struggling to keep pace with its competitors in California, as the brand has not made significant product updates. Traditional automakers with extensive experience in manufacturing are beginning to provide serious competition to Tesla.
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