In a strategic pivot, renewable energy group Solareff has divested its majority shareholding in electric vehicle charging network GridCars. The move reflects shifting priorities in South Africa’s evolving energy landscape as both companies chart new courses.
New research quantifies the staggering business cost of CEO political activism. Elon Musk’s partisan actions may have cost Tesla over 1 million vehicle sales as the company’s core customer base revolted against the brand’s political alignment.
Electric two-wheelers are transforming African mobility but creating new problems. A multimodal approach combining public transport with regulated electric vehicles offers the sustainable solution Africa needs.
Tesla reported third-quarter earnings below analyst forecasts, sending shares lower. While revenue exceeded expectations, Wall Street remains focused on the company’s transition from electric vehicles to AI and robotics. Analysts express mixed views on Tesla’s long-term strategy versus near-term challenges.
Tesla’s third-quarter earnings reportedly fell short of analyst expectations, according to recent financial reports. The electric vehicle maker posted adjusted earnings of 50 cents per share, missing the 54 cents per share that analysts polled by LSEG had forecast. Following this announcement, Tesla shares slipped approximately 3%, sources indicate.
General Motors CEO Mary Barra states China’s electric vehicle market suffers from significant overcapacity, triggering destructive price competition. Chinese manufacturers including BYD acknowledge the price war is impacting their short-term profitability as the industry faces consolidation.
General Motors CEO Mary Barra has declared that China’s electric vehicle market is experiencing substantial overcapacity, creating what she describes as an “incredible price war” that threatens industry sustainability. According to reports from her appearance on The Verge’s “Decoder” podcast, Barra indicated that with over 100 different automakers competing in China, the market has become oversaturated, leading to unsustainable business conditions.
Quarterly Rebound Fueled by Expiring Incentives Tesla’s third-quarter financial results revealed a significant revenue upswing as consumers rushed to secure…
Tesla is projected to report 4.7% revenue growth for Q3 following two straight quarterly declines. The electric vehicle maker faces headwinds from European sales slumps and brand ranking deterioration while investors await updates on Robotaxi and new vehicle launches.
Tesla is reportedly positioned to return to revenue growth when it reports third-quarter results, with analysts suggesting a 4.7% increase from the $25.18 billion reported a year earlier, according to LSEG-compiled estimates. This would mark a significant reversal after the company experienced two consecutive quarters of year-over-year revenue declines. However, sources indicate early projections for the fourth quarter show revenue dropping 1.2%, suggesting the recovery might be temporary.
Tesla’s Pivotal Quarter: Tax Credit Tailwinds Mask Deeper Challenges Tesla stands at a critical juncture as it prepares to announce…
Market analysts are anticipating significant stock price swings for several major companies reporting earnings this week. Tesla, Netflix, and General Motors lead the list of companies expected to see substantial movement based on options market pricing and investor sentiment.
Major corporations including Tesla, Netflix, and General Motors are reportedly positioned for substantial stock price movements as the earnings season intensifies this week. According to market analysis, these companies could experience significant swings following their quarterly financial disclosures, with investors closely monitoring results that might influence broader market direction.
The New Era of Electricity Demand The United States power sector stands at a pivotal crossroads, facing its most significant…
