Has Tesla reached its peak? If you don't innovate, you'll fall behind

Currently, Tesla is in a very bad situation. On Monday, the world's largest electric vehicle manufacturer informed employees that the company would lay off more than 10% of its employees. Meanwhile, two other executives announced that they would voluntarily resign. Earlier this month, Tesla also announced a surprising drop in car sales. In the first quarter, Tesla delivered 387,000 vehicles worldwide, a year-on-year decrease of 8.5%. Tesla's stock price has dropped more than 35% this year, with a 5.5% drop on Monday. Strangely enough, Tesla CEO Elon Musk seemed indifferent to the company's mistakes and instead focused on other pursuits. Tesla

環球市場播報Apr 17 07:43 ET

Market Chatter: BMW to Further Invest in China, Partner for Green Energy

BMW's chairman Oliver Zipse, ahead of his Chinese visit with the Chancellor, said that the German automaker has been present in the Chinese market for thirty years and will continue to invest in the country, Yicai reported.

MT NewswiresApr 17 03:53 ET

Citi: Target Price for Brilliance China's “Buy” Rating Raises to HK$10.02

Citi released a research report stating that it gave Brilliance China (01114) a “buy” rating, and the target price was raised to HK$10.02. Brilliance's management also indicated that the company did not encounter regulatory barriers in the first two dividends, and believes that there are currently no problems with foreign exchange transfers. Management believes that the current dividend payout ratio will not be sustainable given the current huge cash balance. The company will determine a long-term regular dividend payment policy only after proper capital allocation. The report quoted that the company's management confirmed that it will pay dividends at least once this year and promised that this year's total dividend will surpass last year's level. Manage the timing of the next dividend payment

新浪港股Apr 16 23:58 ET

BMW Pricing Seen as Negative Driver Now and Possibly for Whole Year -- Market Talk

BMW's vehicle pricing is presumed to be the primary negative trait in its first quarter results, Stifel analysts say.

WSJApr 15 05:03 ET

BMW Confident in Chinese Economy, Says Chairman

BMW is confident in China's economic prospects and intends to scale up its investment in the country, said Oliver Zipse, chairman of the board of management of the German car group.

China DailyApr 13 20:58 ET

Tesla FSD autopilot saves car owner's life after 13 miles, Musk responds

A Tesla Model Y owner posted on X about how he relied on Tesla's FSD (fully automatic driving) function to drive 13 miles to the hospital without human intervention during a recent illness outbreak to get timely help from a doctor, thus saving a life and thanking Tesla. The owner wrote, “As an owner of luxury cars such as Porsche, Mercedes-Benz, BMW, Acura, and Cadillac, I can unequivocally announce that Tesla is the pinnacle of automotive innovation today. Its ability to save lives in critical moments highlights its superiority. From traditional cars

環球市場播報Apr 11 20:22 ET