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Steve MollmanQuartz |
The intense competition in China’s EV space is having ripple effects both within and outside the country, as VW can attest to.
As more and more AI ventures snag improbably large sums from investors, the sense of a bubble increases.
"We will adjust to the market demand," said a company leader. “You’re going to see an increase in the mix of hybrids."
"Many people ask me who the Xiaomi SU7 is built for. My answer is, isn't it time for Tesla Model 3 users to upgrade?"
Affected Stellantis employees were “expected to work from home unless otherwise instructed by your manager."
"Hybrids are killing it," said Michelle Krebs, executive analyst at Cox Automotive. "They're just tearing it up."
One analyst warned last summer that Canopy "may not be able to continue operations and meet its financial obligations."
Designing cars is not nearly as difficult as producing them profitably at a large scale, as Tesla CEO Elon Musk has often noted.
The transition to electric vehicles will happen, says Mark Fields, but will take longer than anticipated—hurting today's EV startups.
Elon Musk’s carmaker is sitting pretty despite a slump, believes one industry observer, as the EV sector hits a rough patch.
The rental-car giant is replacing its CEO after a disastrous quarter involving Teslas, but the saga goes back further.
The Amazon founder joined a funding round in January that valued the AI search startup at over $500 million.
Musk had suggested Rivian would go bankrupt in six quarters without a drastic change.
"I am unbelievably pumped," rejoiced one Block employee. "Less talk about the work. More work. Here for it.”
"Our water is more important than anybody’s electric vehicle."
China’s top carmaker, backed by Warren Buffett’s Berkshire Hathaway, watched its sales in Australia grow sixfold last year to over 12,000...
The EV sector faces a growth slowdown, and pressure is mounting for the likes of Rivian, Lucid, and Fisker.
His hard-charging leadership style has garnered perhaps as much attention as his track record.
"When people saw that it was Tesla," Voahangy Rasetarinera told Fox Business, "I think it stirred strong emotions."
China's top EV maker BYD, backed by Warren Buffett’s Berkshire Hathaway, is more versatile than many might realize.
The Alliance for American Manufacturing sounded the alarm in a report issued Friday.
In his first annual letter to shareholders since Munger’s death, Buffett said his late partner played a bigger role than many realized.
VinFast is plowing money into factories in India, Indonesia, and North Carolina as EV sales slow in major markets.
The project is “is currently and indefinitely on hold because of Sora,” the TV and movie mogul told the Hollywood Reporter.
“They need to cut costs massively and the exec team needs to live in the factory or they will die,” said the billionaire Tesla CEO.
The tech billionaire is trying to "create some of the highest quality beef in the world" on his ranch in Hawaii, but just for fun.
Susan Wojcicki's 19-year-old son Marco Troper was a freshman at the University of California at Berkeley.
The owner of the Dodge, Jeep, and Chrysler brands aims to take on Chinese EVs while avoiding a “race to the bottom.”
Toyota, Honda, and Mazda all see surging hybrid sales, and it will just help with their big EV plans.
Jim Farley has a Tesla veteran heading up a Ford “skunkworks” team to develop low-cost EVs, but he’s open to cooperation with rivals on...
Some of the nicer electric vehicles made in China are generating interest among well-heeled car buyers in smaller nations.
A crowd surrounded the autonomous vehicle, broke its windows, and set off fireworks inside it, setting it ablaze.
The OpenAI CEO is reportedly seeking up to $7 trillion for an AI chipmaking project.
Toyota shared a stellar outlook this week thanks to higher sales of hybrid vehicles across all its major markets.
“Stars using their Instagram accounts” make big-budget Super Bowl commercials “worth the investment,” says Uber CEO Dara Khosrowshahi.
Toyota doesn't need price cuts to prop up demand for its hybrids, which it can't make quickly enough.
Meta noted its CEO engages in combat sports that "carry the risk of serious injury and death" in its annual report this week.
Jaguar Land Rover is “partly funding” police operations at ports, CEO Adrian Mardell says. It’s such a big issue for him he says tax cuts should...
Buffett usually steers clear of automakers but has praised Ferrari, which reported surging profits Thursday.
Talking to Ben Shapiro, the SpaceX CEO said “you can’t be, like, a nihilist or something,” then explained why he cares so much about people...
Chinese rivals and the EV switch have German auto suppliers "double spending on double platforms—everything is double, except for growth or profit."
China said it will take “forceful measures” to address electric-vehicle projects that are not justified by demand.
The Tesla and SpaceX billionaire agreed that the GOP presidential candidate is poised to "shock the world."
The visits will help determine whether the bloc imposes higher tariffs on Chinese EVs priced so low they're "distorting" the market.
Carlin made “14 specials that you can find anywhere,” noted his daughter, adding, "No machine will ever replace his genius."
"Every faculty member knows that once their work is targeted by AI, they will be outed," wrote the billionaire investor.
BYD owns its entire EV battery supply chain and its CEO is both a relentless cost-cutter and "natural engineer," as Charlie Munger put it.
A terrifying Alaska Airlines incident Friday is rekindling memories of disasters involving the 737 Max in 2018 and 2019.
Bezos isn’t alone in rating (and valuing) Perplexity highly. $1.2 trillion AI chip titan Nvidia is along for the ride, too.
The billionaires debated diversity, equity, and inclusion efforts following the resignation of Harvard’s Claudine Gay.
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