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Business

Tesla unveils long-awaited Robotaxi - is it enough for investors?

Tesla reveals its long-awaited Robotaxi, along with a new Robovan and an upgraded version of its humanoid robot "Optimus". However, the event may not significantly boost Tesla's share prices due to the lack of information exceeding investors' expectations.

Business

Time for the Robotaxi? Future trend in focus ahead of Tesla update

Tesla is expected to report a record number of deliveries for the third quarter next week, fuelled by strong sales growth in China. The upcoming Robotaxi event is likely to be a key focus, shaping the future trend of its stock.

Tech News

What does the growing Musk-Meloni alliance mean for Italy and the EU?

Italy has led the way for Musk's companies to invest in satellite internet and space. Will it in return be supported by the EU line on social media and issues dear to the right? An award the high-tech magnate presented to Meloni on Monday raises several questions.

Business

Why are European carmakers struggling in the electric vehicle market?

European carmakers are struggling in the global electric vehicle market, with key brands like Stellantis, Mercedes and Volkswagen losing ground to competitors. High costs and limited new models are hindering growth, with BMW being a rare exception among European brands.

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Business

EU scales down proposed tariffs on Teslas and other Chinese EVs

Suggested rates have been trimmed because of new information from companies, although EU member states must still vote on the proposals.

Mobility

Could Telsa's self-driving cars hit Europe's roads next year?

Tesla is also expected to reveal its robotaxi "Cybercab" in October in the US.

Economy

China holds off on EU brandy tariffs as subsidy spat drags on

Beijing moves to de-escalate trade tensions after the EU imposed tariffs on Chinese electric vehicles.

Business

BMW overtakes rival Tesla to take the top spot in European EV sales

Sales of fully electric BMWs rose by more than a third in July, although the German carmaker still trails behind Tesla in year-to-date sales.

Business

EU cuts tariff on China-made Tesla vehicles: What impact on prices?

The European Commission has significantly reduced the import duty on Tesla vehicles manufactured in China, potentially paving the way for a surge in sales across the region. Chinese EV exports to the EU experienced a sharp decline in response to the proposed tariffs.

Business

Tesla recalls more than 1.6 million cars for remote software fix

Tesla is recalling 1.68 million cars in China for a remote software upgrade to ensure that they warn the driver when the trunk is not locked shut, China's market regulator said.

Mobility

Tesla in fatal US car crash used self-driving system, authorities say

A car crash in the US state of Washington involved Tesla's "Full Self-Driving" system.

Markets

Big tech shares set to waver as Tesla and Alphabet disappoint markets

The two major tech earnings are pressuring Wall Street, with futures pointing to a lower opening on Wednesday. The souring sentiment may ripple through the European markets as LVMH also failed to cheer investors.

Markets

What to expect from Tesla results? Energy storage and AI in focus

Tesla’s revenue for the second quarter may continue declining amid a slowdown in sales. However, the development of robotaxis and energy storage may become the focal point for its market valuation.

Markets

Tesla shares rocket as Q2 electric vehicle deliveries exceed estimates

Tesla reported second-quarter electric vehicle (EV) delivery numbers that were better than analysts' estimates but the company saw the second consecutive yearly decline, partly blamed on the closure of a German plant.

Business

BYD may overtake Tesla to become the biggest EV seller in Europe

The Chinese carmaker BYD reported record sales in the second quarter, likely overtaking Tesla to become the biggest electric car seller globally, particularly in Europe and China.

Business

German car giant VW to invest billions in Tesla rival Rivian

The deal of up to €4.68bn creates a joint venture that will allow VW and the US-based electric vehicle (EV) maker to share technology.

Markets

Goldman Sachs lifts target predictions for S&P 500 in 2024

Most of the Magnificent Seven tech stocks are contributing strongly to the S&P 500’s advancements at the moment, with other sectors such as healthcare and materials also seeing promising growth.

Tech News

Tesla shareholders sue Musk for diverting resources to xAI

It comes just after the billionaire dropped his own lawsuit against ChatGPT maker OpenAI of which he was an original investor.

Business

Elon Musk wins backing of shareholders on Є52 billion pay package

Tesla’s shareholders voted to reinstate CEO Elon Musk’s $55.8 billion (€52 billion) pay package, which was rejected by a judge in Delaware earlier this year. Investors also approved the relocation of the company’s incorporation to Texas.

Economy

Manganese batteries: Could they be the main driver for EVs?

Lithium batteries are expensive to produce, and can be hard to recycle. There are also claims that mining for lithium is dangerous. Manufacturers are looking at other metals to see what they can offer.