Longform links: an age of misinformation

abnormalreturns.com Books An excerpt from James Lawrence Powell’s book “Mysteries of the Deep: How Seafloor Drilling Expeditions Revolutionized Our Understanding of Earth History.“…

Volkswagen To Gain A Competitive EV Advantage With A New Architecture It Developed With XPeng

finance.yahoo.com On Wednesday, Volkswagen AG (OTC: VWAGY) revealed that together with its Chinese EV partner, XPeng Inc (NYSE: XPEV), they have developed a new architecture for EVs. The EV…

A desperate Italian government is turning to a controversial Chinese EV automaker for help

thestreet.com The Italian government has lofty goals for its auto industry, seeking to boost production of vehicles made in the nation from 800,000 in 2023 to 1.3 million per year.…

XPEV Stock: XPeng Nabs New E/E Deal With Volkswagen

investorplace.com Volkswagen signed a framework to use XPeng's E/E platform in future Chinese EVs XPeng (NASDAQ: ) won a partnership with Volkswagen (OTCMKTS: ) on the design of future…

Tesla will ask shareholders to re-approve Musk multibillion dollar payday thrown out by judge

aol.com Tesla will ask its shareholders to vote to approve the 2018 pay package that made CEO Elon Musk among the world’s richest people but that a Delaware judge threw out earlier…

Italian carmaker Alfa Romeo forced to rename ‘Italian sounding’ Milano model as right-wing government threatens carmaker with lawsuit weeks after trying to…

aol.com Italian carmaker Alfa Romeo has been forced into an involuntary rebrand of one of its new EVs after facing legal threats from the Italian government over using an…

Apple CEO Tim Cook says ‘we’re investing’ in Indonesia fresh off his pledge to spend more on Vietnam suppliers, continuing his Southeast Asia charm offensive

aol.com Apple CEO Tim Cook is on the hunt for new places that can make Apple products. Just a few days ago, Apple pledged to increase investment in Vietnam, already a manufacturing…

Chinese EV makers eye factories in Europe as competition heats up at home

scmp.com “The plant construction plans reflect the fact Chinese EV assemblers are playing a leading role in the transition of the global automotive industry,” said Chen Jinzhu, CEO…

Announces Battery Test Completion and Approval for the Indian Market

benzinga.com GRAND CAYMAN, Cayman Islands and COIMBATORE, India, April 17, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited SVMH SVMHW))) ("SRIVARU" or the "Company"), a prominent…

Elon Musk says Tesla needs a 'complete organizational overhaul' to get to 'the next level' amid mass layoffs at the company

businessinsider.com Elon Musk has said Tesla needs a "complete organizational overhaul" every once in a while. • This, Musk said, would enable his company "to reach the next level." • Musk's…

Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades

asiafinancial.com An increasing number of Japanese companies are looking to expand to the United States amid concern about China’s economy and heightened regional tensions. Robot maker…

Alfa Romeo renames 'Italian sounding' Milano after Italy threatens lawsuit

fortune.com Italian carmaker Alfa Romeo has been forced into an involuntary rebrand of one of its new EVs after facing legal threats from the Italian government over using an…

Tesla is stuck in the mud

aol.com None Tesla is having a rough start to the year. • None The EV maker reported disappointing deliveries for Q1, before announcing sweeping layoffs. • None With falling demand…

Tesla's US market share grows through the EV carnage

aol.com None Tesla's US electric vehicle market share has grown to 51.3%, despite numerous challenges. • None Overall US EV sales dropped 15% in Q1 as buyers favored hybrids. • None…

Elon Musk's wealth has crashed by $160 billion from its peak as Tesla's problems pile up

aol.com None Tesla shares have tumbled 62% from their peak as investors gear up for a growth slowdown. • None The stock drop has fueled an estimated $160 billion decline in Elon…

China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time

cnbc.com BYD unveiled three new cars for its Fang Cheng Bao brand on April 16, 2024, in Shenzhen. This vehicle, the Super 3 SUV, comes with a drone port on its roof. SHENZHEN –…

Maserati's latest drop-top EV is cooler than anything made by Elon Musk

thestreet.com CEO Elon Musk may tout all kinds of statistics and figures with the upcoming Tesla Roadster, but for those who do not want to wait the months, years or decades it might take…

Tesla reportedly halts Cybertruck deliveries as customers cite issue with accelerator pedal

nypost.com Tesla has reportedly paused all Cybertruck deliveries as customers have complained of a potentially fatal flaw with the electric vehicle’s accelerator pedal. According to…

Tesla’s Value Dips Below $500 Billion in Blow to Stock Bulls

finance.yahoo.com Tesla Inc. shares extended their decline for 2024, pushing the electric-vehicle maker’s market valuation below $500 billion, as a round of job cuts this week underscored how…

Volkswagen and Porsche are killing old models described as ‘spying machines on four wheels’ ahead of new EU cybersecurity rules

aol.com European automakers are killing off their old models as the EU and UN combine to introduce strict cybersecurity rules, but the new regulations may be the latest boon for…

Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem

nbcnews.com Companies often see their stock price jump after announcing job cuts, as Wall Street rallies around the prospects for improved efficiency and profits. But that’s not how…

Car shows in the West are in terminal decline

economist.com Shifting trends in the car industry are best illustrated by the plight of Geneva’s hoteliers. Securing a place to stay during the city’s annual motor show once required…

Why Investors Should Avoid Nio Stock at All Costs in 2024

investorplace.com A turnaround for Nio stock is highly unlikely Nio stock (NYSE: ) ,the Chinese luxury electric vehicle (EV) manufacturer, was once a highly sought after company. Its sleek…

Tesla Stock Punished As Earnings Season Heats Up

247wallst.com Tesla (Nasdaq: TSLA) stock is off to a bumpy start in 2024, and it’s still early in the year. On Monday, CEO Elon Musk revealed he would be laying off 10% of the company’s…

Tesla's Chinese Rival BYD Dives Into Luxury SUV Market, Unveiling Super 3 And Bao 8 Models To Rival Jaguar Land Rover

benzinga.com BYD Co., Ltd. BYDDY BYDDF has reportedly intensified its move into luxury SUVs and off-roaders, unveiling two new models to compete against Jaguar Land Rover Automotive Plc.…

Volkswagen, Porsche killing old models

fortune.com European automakers are killing off their old models as the EU and UN combine to introduce strict cybersecurity rules, but the new regulations may be the latest boon for…

Tesla to lay off more than 10% of workforce

foxbusiness.com Tesla confirmed its laying off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market,…

Tesla's global job cuts include leading markets US, China

investing.com SHANGHAI/BERLIN (Reuters) -Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering,…

China is still struggling to fix its demand problem

businessinsider.com Apple CEO Tim Cook. Getty Images China's economy expanded by a better-than-expected 5.3% in the first three months of 2024. But analysts are flagging sluggish home and…

Nissan looks to Tesla’s style of carmaking to build cheaper EVs

japantimes.co.jp Nissan will use gigacasting, a manufacturing process pioneered by Tesla, to make part of its electric vehicles as the automaker joins global rivals in pursuing the…

Tesla’s global job cuts include reducing staff in leading markets U.S., China: sources

theglobeandmail.com Tesla’s TSLA-Q global job cuts include reducing staff in the U.S. and China, the automakers’ two biggest markets, across sales, tech, and engineering, five sources briefed…

Electric vehicles: China’s Chery Automobile enters UK’s car rental business as its Omoda EVs are leased out by Octopus

scmp.com It did not say how many Omoda cars would be included in the leasing business. Chery could be reached for comment on Tuesday. Omoda’s battery-powered cars will be leased out…

The Biggest AI Hype Fraud of All Time

aisupremacy.substack.com Elon Musk, is not okay. Coving AVs (“autonomous vehicles”) has been extremely disappointing over the last decade, but none more infuriating than Tesla’s FSD. These “AI bets”…

Xiaomi’s success means more trouble for battered China electric vehicle stocks

scmp.com Investors, meanwhile, have ramped up bets on further declines in EV makers Nio and Xpeng, with short interest on their US listings at about 86 per cent and 36 per cent of…

Xiaomi’s Success Means More Trouble for Battered China EV Stocks

finance.yahoo.com Xiaomi Corp.’s roaring entry into the electric vehicle market is dimming the recovery outlook for China’s beaten down auto startups. • None Beyond the Ivies: Surprise…

Chinese EV CEO calls for 'cooperation' amid political tension in U.S

thestreet.com Imports of electric vehicles from China are one of the hottest topics on Capitol Hill at the moment, as politicians from both sides of the aisle are calling from some sort…

Analysts resume coverage of Chinese electric vehicle makers

thestreet.com In 1994, George Costanza made television history when he dove into the water to save a struggling whale. "The sea was angry that day, my friends - like an old man trying to…

Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs

cnbc.com Rows of new Tesla cars are seen in a holding area near a customer collection point on April 15, 2024. Tesla executives Drew Baglino and Rohan Patel announced Monday they are…

NIO Stock: CEO William Li Calls for U.S. Openness to Chinese EVs

investorplace.com The CEO of Nio believes openness and competition will save China's EV market As the Chinese electric vehicle (EV) market faces growing challenges, one business leader is…

Tesla lays off 10% of global workforce as sales fall

semafor.com Semafor Signals Supported by Insights from CNBC, Electrek, and AP The News Tesla is laying off more than 10% of its global workforce as the electric vehicle giant struggles…

3 U.S. Industries That Could Be Slammed by Another Bout of ‘China Shock’

investorplace.com With ongoing trade disputes, U.S. industries at risk need strategic responses to protect manufacturing Due to continuous geopolitical crises and shocks related to…

Tesla cutting 10 percent of workforce

thehill.com Tesla plans to cut more than 10 percent of its global workforce, CEO Elon Musk said in a Monday memo to employees. “Over the years, we have grown rapidly with multiple…

Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo

nbcnews.com Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. The company’s shares were down 3% on Monday morning. “As we…

Tesla to cut more than 10% of its global staff

aol.com Tesla is reportedly cutting more than 10% of its global staff of 140,000. The cuts for the company, which had nearly doubled its overall headcount since the end of 2020, is…

Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’

theguardian.com Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, as the electric carmaker reacts to slowing demand and pressure on prices. The…

Potential Tesla buyers steer clear as Musk's reputation plunges

euronews.com Elon Musk's increasingly controversial reputation has led to a steep drop in the number of customers considering buying a Tesla. Possible US Tesla customers are now…

Tesla to lay off more than 10% of workforce, report says

aol.com Tesla is preparing to lay off more than 10% of its global workforce following weak first quarter deliveries and increasing competition in the electric vehicle (EV) market,…

Tesla to Axe 10% of Workforce as Dipping Sales, Price War Bite

asiafinancial.com US EV giant Tesla is to axe more than 10% of its global workforce, amid falling sales and an increasingly brutal price war, according to an internal memo. The world’s…