Tesla reported a rise in profit for the second quarter after the company led by Elon Musk cut prices in response to increased competition and higher borrowing costs for car buyers. The company said on Wednesday that it earned $2.7 billion from April through June, compared with $2.5 billion in the first quarter of this… Continue reading Tesla’s Profit Rose in the Second Quarter as Price Cuts Spurred Demand
Tag: Possible_Terrorism_Warfare
Tesla’s margin falls as it boosts discounts to drive demand
[1/2]Tesla super chargers are shown in Mojave, California, U.S. July 10, 2019. REUTERS/Mike Blake/File Photo July 19 (Reuters) – Tesla’s (TSLA.O) gross profit margin dropped to a four-year low in the second quarter after Chief Executive Elon Musk doubled down on a price war with rival automakers, but sales and profit still beat Street expectations.… Continue reading Tesla’s margin falls as it boosts discounts to drive demand
Want to Win a Chip War? You’re Gonna Need a Lot of Water
The volume required can be huge. In the US, chip fabs use far less water than the agriculture and power generation industries, and semiconductors haven’t spurred political tensions over water resources at national scale, says Chris Miller, a history professor at Tufts University in Massachusetts and author of the recent book Chip War. Still, squeezes… Continue reading Want to Win a Chip War? You’re Gonna Need a Lot of Water
Global Alternative Powertrain Market to Witness Impressive Growth, Led by Technological Advancements and Rising Demand for Fuel-Efficient Vehicles
DUBLIN, July 19, 2023 /PRNewswire/ — The “Alternative Powertrain Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The market is projected to grow from $90.61 billion in 2022 to $109.50 billion in 2023, at a compound annual growth rate (CAGR) of 20.8%. Furthermore, the market is expected to reach $225.87 billion in 2027, with… Continue reading Global Alternative Powertrain Market to Witness Impressive Growth, Led by Technological Advancements and Rising Demand for Fuel-Efficient Vehicles
PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 9%
BLOOMFIELD HILLS, Mich., July 19, 2023 /PRNewswire/ — Penske Automotive Group, Inc. (NYSE: PAG), a diversified international transportation services company and one of the world’s premier automotive and commercial truck retailers, today announced that its Board of Directors has increased the Company’s quarterly dividend by $0.06 per share, or 9%, to $0.72 per share. “We… Continue reading PENSKE AUTOMOTIVE GROUP INCREASES DIVIDEND BY 9%
Electric vehicles can’t compete with the emotional roar of an engine – but does that matter?
While EVs are associated with far fewer greenhouse gas emissions than their ICE counterparts, the sound they make lacks the emotive pull that draws people towards traditional ICE vehicles. Electric vehicle (EV) sales have been growing at a rapid pace. Their share of the global car market has risen from around 4% in 2020 to… Continue reading Electric vehicles can’t compete with the emotional roar of an engine – but does that matter?
Vietnam EV maker VinFast to start construction of US factory next week
VinFast is one of several EV startups fighting to maintain a foothold as market leaders Tesla and China’s BYD engage in a price war at a time when growth in demand appears to be slowing in major markets. Vietnamese automaker VinFast said on Wednesday it would start construction of a USD 4 billion electric vehicle… Continue reading Vietnam EV maker VinFast to start construction of US factory next week
Forum betont überwältigenden Erfolg der Entwicklung Tibets
PEKING, 19. Juli 2023 /PRNewswire/ — Dies ist ein Bericht von China Daily: Teilnehmer aus nah und fern, die Ende Mai an einem Forum zur Entwicklung Tibets teilnahmen, lobten die Errungenschaften, die in allen Bereichen in der autonomen Region Tibet im Südwesten Chinas erzielt wurden. Continue Reading This photo taken in May shows the Lhalu… Continue reading Forum betont überwältigenden Erfolg der Entwicklung Tibets
Global Aerostat System Market Expected to Reach $11.32 Billion in 2023, Driven by Technological Advancements and Growing Demand for Persistent Intelligence, Surveillance, and Reconnaissance
DUBLIN, July 18, 2023 /PRNewswire/ — The “Aerostat System Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global aerostat system market is projected to experience significant growth, reaching $11.32 billion in 2023 with a compound annual growth rate (CAGR) of 16.4%. The market is expected to further expand to $19.90 billion in… Continue reading Global Aerostat System Market Expected to Reach $11.32 Billion in 2023, Driven by Technological Advancements and Growing Demand for Persistent Intelligence, Surveillance, and Reconnaissance
24 Hours of Le Mans: 100 Years of Endurance and Innovation
This year marks the 100th anniversary of the 24 Hours of Le Mans, which was first held in May 1923 to help spur innovation in the growing automotive industry by emphasizing not just speed, but also efficiency, reliability and endurance. “It is a very demanding race, and the greatest race,” said Tom Kristensen, who has… Continue reading 24 Hours of Le Mans: 100 Years of Endurance and Innovation