BUSINESS
Donald Trump’s oil and gas math fails to add up
The incoming administration’s "drill, baby, drill" demand will fall on deaf ears unless rising prices encourage more production
BUSINESS
Gold’s record run can’t continue forever, right?
The mostly useless yellow metal epitomizes an anxious state of mind. While there’s still plenty to worry about, most of it is now in the price
BUSINESS
Elon Musk’s AI side gig should keep its distance from Tesla
Any deal that directs company money, or revenue, to the CEO’s other artificial intelligence venture detracts for the EV maker’s lofty valuations
BUSINESS
Tesla Sales: Only Musk’s Robotaxi can save investors now
Sales trends in the second quarter all but ensure another decline in earnings this year
BUSINESS
Two oil deals lay bare the OPEC+ problem
While the oil exporters’ club is focused on influencing prices, other actors are working to reduce their exposure to them
BUSINESS
Elon Musk isn’t a victim no matter what Tesla says
Giving an even bigger chunk of the world's largest EV maker to the CEO won’t serve institutional shareholders or their constituents, nor will allowing the board to get away with its failings
WORLD
Ukraine war might just kickstart a nuclear energy renaissance
The dollar-and-cents argument for revitalizing the industry doesn’t stand up, but cutting a dependence on Russian imports is compelling
BUSINESS
Elon Musk loses autonomy in race for Tesla robotaxis
Driverless vehicles will advance only as quickly as society — and cautious bureaucrats — can tolerate
BUSINESS
Musk’s Tesla pitch to Buffett is anything but ‘obvious’
The EV company's recent stock rally is underpinned by a very different narrative than last year's recovery. And value isn’t part of it
BUSINESS
Elon Musk’s Tesla bait-and-switch is getting old
The EV company keeps pushing its “next phase of growth” message, but it’s getting harder to look past a slump in vehicle sales and its unexciting lineup
WORLD
Ukraine’s drone attacks against Russia send message to Washington
Strikes against Russian energy infrastructure could disrupt supplies, raising the stakes for President Biden
BUSINESS
Joe Biden eyed the EV but went for the hybrid
New tailpipe emissions standards announced Wednesday by the Environmental Protection Agency represent an attempt to balance climate imperatives with consumer preferences, technological stretch goals with industrial capabilities, and, perhaps most acutely, the environmental and labor wings of Democrats
BUSINESS
The AI revolution needs chips, software — and gas pipelines
Despite continued expansion of renewable and battery capacity, Texas recorded surprisingly strong electricity prices last summer and futures have also soared over the past six months. The reason? A massive expansion in power consumption offsetting the new generating capacity. Assuming the AI revolution is in its infancy, we are about to witness a marked increase in demand for electricity, and gas will play a part in meeting that
BUSINESS
Musk loses $55 billion, but there’s a lot more at stake for Tesla
The billionaire has issued a thinly veiled threat to take his best artificial intelligence-related ideas elsewhere unless he was granted another giant slug of Tesla stock. With a US court voiding a $55 billion compensation package, the Tesla board must now come up with a new package to supposedly keep Musk from taking his best ideas elsewhere
BUSINESS
Musk waves goodbye to Tesla’s growth targets
Tesla needs a cheaper EV — indeed, the industry does. Much of the blame for slowing growth in EV sales in the US in general can be put down to a product lineup skewed toward expensive, often heavyweight models
BUSINESS
Musk’s threat to Tesla is countered by reality
Why is Musk suddenly tweeting gossamer-veiled threats to take his genius elsewhere? Possible explanations run the gamut. At a basic level, he dumped a lot of Tesla stock during 2022 when he was buying Twitter Inc and it is generally agreed that this is not an investment that has performed well.
TECHNOLOGY
Tesla’s EV recall is bad for Its autonomous car rivals
Apart from enabling more leisurely rides, autonomous driving is pitched as a way to reduce accidents. What tends to get lost in there is that, even if the data could establish that AI vehicles kill fewer people than regular intelligence vehicles, the idea of being killed or injured by a robot is just more horrific
BUSINESS
You don’t get ‘Made in USA’ EVs without China
The Inflation Reduction Act doesn’t want just green tech; it has to also be star-spangled. Yet the inescapable fact is that absent the cost deflation wrought by Chinese factories, we wouldn’t even be having a credible conversation about decarbonisation at this point
BUSINESS
Elon Musk wants the Cybertruck even if you don’t
In terms of revenue and profits, the Cybertruck looks like a non-event on the former and likely a drag on the latter, at least in the near term. Musk himself was downbeat on its prospects on the last earnings call. But as an exercise in publicity, it probably helps Musk to keep Tesla at the centre of the debate about the future of vehicles
ENVIRONMENT
Uranium is flying high on war and climate change
The metal at the heart of zero-carbon reactors and zero-civilisation warheads has so far this year beat every member of the Bloomberg Commodity Index, except orange juice, rising 68%. Uranium offers a perfect distillation of a world that is heating up and a world order that is breaking down. Plus a market eager to capitalise on both
BUSINESS
Elon Musk’s X drama hurts Tesla where it matters most
The market for electric vehicle has become sharply more competitive, as Tesla’s own sinking margins and missed sales estimates show, with price cuts indicating buyers are thinking twice about EVs. Even before his endorsing of an anti-semitic tweet, Musk has been at risk of alienating Democrats since his Twitter (X) purchase
BUSINESS
Oil refiners get a taste of an electric future
The price difference between a barrel of crude and a barrel of petrol offers a glimpse of things to come for the industry
BUSINESS
It won’t hurt the American automakers to share that buyback bounty
It is hard for car companies to argue with unions about controlling costs to help with the transition to electric vehicles when they are returning billions of dollars to investors
BUSINESS
Tesla and GM sold more cars. Only one made more money
General Motors’s higher average selling price in the past year underscores its flexibility in managing the transition to EVs
