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Tesla vehicle deliveries drop sharply as Musk backlash affects demand The GuardianTesla reports record sales plunge from last year CNNTesla's quarterly delivery numbers down 13.5% Business InsiderTesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop CNBC
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Get a prenup to protect your business, stay in control of its assets and income, and secure long-term financial clarity and peace of mind.
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Stock Market Today: Dow Jones Index Dips On Surprise Jobs Data; Tesla Jumps (Live) Investor's Business DailyThe private sector lost 33,000 jobs in June, badly missing expectations for a 100,000 increase, ADP says CNBCStock market today: Nasdaq pops, leading Dow and S&P 500 higher amid Vietnam trade deal, weak jobs data Yahoo FinancePrivat
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Corona, Modelo brewer takes double whammy as Trump tariffs squeeze margins — and ICE crackdown slams sales New York PostCorona's owner says beer sales have slowed because one major customer group isn't buying beer like it used to Business InsiderTrump's immigration crackdown is hurting sales of America's most popular beer Yahoo Finance
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European private equity player Motion Equity Partners has hit a €215m hard cap final close for a single-asset continuation fund, extending its investment in natural and health nutrition business Olyos.
The post Coller Capital leads continuation fund for Motion Capital Partners' high growth portfolio business Olyos appeared first on AltAssets Private Equity News.
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Contemporary Amperex Technology Co. Ltd. reported quarterly net income well short of analyst estimates as the global slowdown in electric vehicle sales starts to bite.
While net income for the third quarter ended Sept. 30 rose 26 percent to 13.1 billion yuan ($1.8 billion) versus the same period last year, that was a lot lower than the 14.7 billion yuan expected. Revenue shrank 12.5 percent to 92.3 billion yuan year-on-year, sharply down on projections for 118.4 billion yuan.
The world's largest maker of EV batteries is being hit as automakers from General Motors to Ford begin to scale back EV production plans and delay model launches. Countries like Japan and Germany, home to some of the largest automotive incumbents, have seen not just a slowdown in the growth rate, but an outright decline in EV sales.
CATL supplies many big name carmakers, including Tesla Inc.
Although the Chinese giant dwarfs competitors, it isn't alone in feeling the pain. The world's third largest battery maker, South Korea's LG Energy Solution Ltd., is likely to suffer its third consecutive quarterly profit decline, its most recent preliminary earnings show.
For the January to August period, CATL's global market share stood at 37.1 percent, up 1.6 percentage points on the same period of last year, data from SNE Research show. LG Energy's market share shrunk 2.3 percentage points to 12.1 percent.
CATL's greater control over its supply chain does at least wring more profit from its suppliers, helping to drive down costs. Bloomberg Intelligence has suggested that more global EV makers adopting cheaper lithium-iron-phosphate (LFP) batteries could help CATL gain market share overseas. The company's energy-storage business is also emergin
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