Latest news with #SteveMan
Bloomberg
11 hours ago
- Automotive
- Bloomberg
Why Tesla Could Have a Self-Driving Advantage
Tesla may have a leg up on rivals like Waymo in the self-driving market, according to Bloomberg Intelligence's Steve Man. He discusses Tesla's edge with Caroline Hyde and Ed Ludlow on 'Bloomberg Tech.' (Source: Bloomberg)
Bloomberg
01-04-2025
- Automotive
- Bloomberg
Illustrations by Oscar Bolton Green for Bloomberg Businessweek
Despite a collapsing stock price and political backlash against founder Elon Musk, the world's top-selling plug-in carmaker has several positives to look forward to. Orders for Tesla's newly revamped Model Y are accelerating, notably even in China, and production rates are poised to increase quickly. Meanwhile, the company's battery sales to utilities, which generate higher margins than autos, appear underappreciated as a profit driver. —Steve Man
Bloomberg
25-03-2025
- Automotive
- Bloomberg
Tesla Extends Losses in Europe With 40% Drop in February
Tesla's sales in Europe have fallen in 10 of the last 12 months, with a 40% drop in February compared to the same month last year. The company's sales declined 43% in the first two months of this year, despite a 31% rise in industrywide EV registrations. Tesla is counting on its redesigned Model Y to boost sales, which were impacted by production pauses at factories around the world early this year. Bloomberg's Steve Man reports. (Source: Bloomberg)
Bloomberg
19-03-2025
- Automotive
- Bloomberg
Trump Tariffs Could Break Global Auto Industry: Asia Centric
Looming US auto tariffs are forcing tough decisions for the world's biggest automakers, with firms already reeling from high borrowing costs and slower sales. Tesla's been rocked by a political backlash and plunging sales, while Chinese EV manufacturers gain global market share and make big strides in autonomous driving. The levies – which could raise costs for companies and customers – present an existential threat to the industry, according to Steve Man, global autos and industrials research manager at Bloomberg Intelligence. He joins John Lee and Katia Dmitrieva to discuss the game-changing impact. Read Bloomberg News on how auto tariffs could shake up the industry here and Steve's full research on the Bloomberg Terminal. Listen to this episode on Apple Podcasts, Spotify or other streaming platforms.
