Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
EV pure play’s ambitions have dependencies that may change under a Republican regime
The Croatian EV technology firm will supply drivetrains to the Middle Eastern challenger
A focus on volume-over-value may allow the dominant new entrant to pass on future savings
The market has punished Tesla for a first-quarter slump in automotive gross margins to 19pc, below a previously discussed 20pc floor. Shares fell sharply again on Thursday, down to just above the $165/share mark as of US morning trade, having been at almost $185/share at Tuesday’s close.
The firm has already cut prices six times this year, with those discounts playing a part in the drop in margins. But, interestingly, CEO Elon Musk and others in Tesla’s senior management team are not forecasting a swift rebound in margins, even though some of the other factors are characterised as one-offs and the firm expects improvements both in input costs and internal efficiencies.
Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
French OEM’s BEV arm to make more cars for performance marque and alliance partners
Japanese all-electric laggards may hope to leverage South Asian cost advantage, but show worrying signs of a lack of being all-in
Autonomous vehicles will be held to a higher standard than just being better than human drivers
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