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X @Tesla Owners Silicon Valley
"I'm a technologist. I build rockets and cars. I derive joy from seeing people enjoy the products that my companies make."Elon Musk https://t.co/edeER1KvlCElon Musk (@elonmusk):My idea of a good time is working with amazing engineers to create incredible technology 🤩The Tesla chip research fab will have all the machines needed to do logic, memory, packing & masks in one building for a lightning fast development cycle. Heaven 💫 ...
Iran war wipes out $100 billion from luxury stocks
CNBC· 2026-03-27 13:00
Core Viewpoint - Major luxury stocks have experienced significant declines since the onset of the Iran war, with potential sales in the Middle East market dropping by half, highlighting the region's growing importance to the global luxury industry [3][10]. Group 1: Stock Performance - Shares of LVMH and Hermès have decreased by approximately 16% and 20% respectively this month, while the S&P 500 has fallen less than 6% [4]. - Ferrari's shares are down 15%, and the company has announced a temporary suspension of deliveries to the Middle East [4]. - Other high-end car manufacturers, including Bentley and Maserati, are also halting deliveries due to security concerns and logistical issues [4]. Group 2: Market Importance - The Middle East was the fastest-growing luxury market globally last year, with growth rates between 6% and 8%, contrasting with flat growth worldwide [6]. - The region now accounts for about 6% of global luxury sales, potentially rivaling Japan's 9% share [6]. - Dubai has been a significant growth driver, contributing approximately 80% to the UAE's luxury market rise, which itself accounts for over half of the region's luxury growth [7]. Group 3: Investor Sentiment - Investor sentiment in the luxury sector is currently described as "the most bearish in years," with geopolitical uncertainties likely to impact near-term earnings [10]. - Major luxury companies have collectively lost around $100 billion in market capitalization, with LVMH and Hermès each losing over $40 billion [10]. Group 4: Potential Impact of Sales Decline - If sales in the Middle East were to fall by half, it could result in a quarterly growth drop of about 1 percentage point for many luxury companies [11]. - Despite the challenges, some luxury companies are still engaging with top clients through personalized sales and home deliveries [12]. Group 5: Economic Factors - Dubai's luxury market heavily relies on wealthy tourists, who may avoid the region due to safety concerns, with around 60% of luxury spending in the UAE coming from tourists [15]. - Higher oil prices could negatively affect luxury sales, as aspirational consumers may reduce spending due to inflation and economic slowdowns [16]. - Volatile stock markets could also impact wealthy consumers' spending, as their purchasing power is closely tied to stock market performance [17].
General Motors (GM) Moves to Boost its Dealers’ Used-car Operations
Yahoo Finance· 2026-03-20 17:16
Group 1 - General Motors Company (NYSE:GM) is shifting its used-vehicle sales strategy in the U.S. to better compete with online retailers like Carvana by discontinuing its certified pre-owned program for most models and mandating the use of the CarBravo platform for Chevrolet, Buick, and GMC dealers starting in June 2026 [1][2] - The CarBravo platform, launched in 2023, allows dealers to sell used vehicles with manufacturer warranties and includes non-GM models and vehicles up to 15 years old, aiming to enhance used-vehicle flow through its network amid rising affordability concerns [1][2] - Over 40 million used vehicles are sold annually in the U.S., significantly outpacing the approximately 16 million new cars sold, indicating a strong market for used vehicles [2] Group 2 - Since its launch, CarBravo has sold approximately 216,000 vehicles, while Carvana reported 596,641 sales last year, highlighting the competitive landscape in the used-vehicle market [2] - Executives noted that the CarBravo platform has been effective in increasing store traffic and boosting new-vehicle sales, suggesting a positive impact on overall dealership performance [2]
X @Tesla AI
Tesla AI· 2026-03-20 06:07
RT Tesla (@Tesla)We– design the chips & hardware– make the cars w/ said hardware– collect real-world data at scale– train the real-world AI model– built (& continue to expand) the massive supercomputer cluster that trains it– deploy AI directly to millions of robots on wheelsAll that is shared with @Tesla_Optimus for broader applications in both the physical & digital world ...
X @Elon Musk
Elon Musk· 2026-03-19 23:23
RT Tesla (@Tesla)We– design the chips & hardware– make the cars w/ said hardware– collect real-world data at scale– train the real-world AI model– built (& continue to expand) the massive supercomputer cluster that trains it– deploy AI directly to millions of robots on wheelsAll that is shared with @Tesla_Optimus for broader applications in both the physical & digital world ...
X @Tesla
Tesla· 2026-03-19 21:48
We– design the chips & hardware– make the cars w/ said hardware– collect real-world data at scale– train the real-world AI model– built (& continue to expand) the massive supercomputer cluster that trains it– deploy AI directly to millions of robots on wheelsAll that is shared with @Tesla_Optimus for broader applications in both the physical & digital world ...
X @Tesla Owners Silicon Valley
RT Muskonomy (@muskonomy)🚨NEWS: Tesla sold 485 cars in Singapore in FebruaryTesla reached 12.1% market shareAnd 21.7% of the EV segmentEV adoption hit a record 55.8% in the country. https://t.co/p7oo9TMbzv ...
X @Tesla Owners Silicon Valley
Some cars are push to start, Teslas are push to drive.https://t.co/Uc8v8Z4Y48 ...
X @Herbert Ong
Herbert Ong· 2026-03-11 00:09
Uber is betting that network effects are more important than owning the cars, while Tesla is betting that owning the full stack, vehicle, AI, and fleet, wins in the long run.Tesla controls the supply of cars, which means the network advantage will ultimately shift to them. $TSLAPeter H. Diamandis, MD (@PeterDiamandis):Uber has a fascinating response to Elon’s vertical approach to autonomy: “We’d welcome Tesla on the Uber platform.” Smart move. Tesla may own the cars, but Uber wants to OWN the network. ...
Ford and Bread Financial Accelerate Customer Benefits with New Financing Program— Unlocking Enhanced Experiences and Exclusive Loyalty Rewards
Globenewswire· 2026-03-10 10:00
Core Insights - Ford Motor Company has entered a long-term agreement with Bread Financial to launch a co-branded credit card and installment loan program aimed at enhancing customer ownership experience and accessibility to Ford products and services [1][2][3] Group 1: Agreement Details - The new financing program includes flexible payment options that enhance the ownership experience and increase accessibility to subscriptions, parts, and services [1] - The co-branded credit card allows customers to earn rewards on everyday spending and finance service and accessory purchases [2][8] Group 2: Customer Benefits - Ford Rewards members can earn accelerated points on purchases made with the Ford Rewards Visa Signature Credit Card, which can be redeemed for accessories, services, subscriptions, and vehicle purchases [2][6] - New cardholders can receive a bonus of 15,000 points (approximately $75 redemption value) after making a purchase within the first 90 days, along with a $100 statement credit after spending $1,500 in the same period [8] Group 3: Company Commitment - Ford aims to enhance customer loyalty and satisfaction by providing tailored financing solutions that empower customers with greater financial freedom [3] - Bread Financial's expertise in the automotive retail landscape is expected to deliver immediate value and flexibility to Ford customers, reinforcing Ford's commitment to customer satisfaction [3][4]