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Analysis-In Saudi debut, Tesla faces desert heat, few chargers, but no Musk protests

Analysis-In Saudi debut, Tesla faces desert heat, few chargers, but no Musk protests

By Pesha Magid and Manya SainiRIYADH/DUBAI (Reuters) - Tesla (NASDAQ:TSLA) starts selling cars in Saudi Arabia on Thursday, a country where on a 900-kilometre (559 mile) stretch of its main east-west highway linking the capital Riyadh and the holy city of Mecca there isn’t a single charging station. Electric vehicle sales in the kingdom totalled just 2,000 last year, according to Telemetry analy ...

2025-04-10 22:08:08
Volkswagen doubles EV sales in Europe, global deliveries edge up 1.4%

Volkswagen doubles EV sales in Europe, global deliveries edge up 1.4%

Investing.com -- Volkswagen Group (ETR:VOWG) nearly doubled its all-electric vehicle (BEV) deliveries in Europe in the first quarter of 2025, solidifying its position as the region’s leading electric vehicle manufacturer, the German carmaker said on Wednesday. Deliveries rose by 113% year-on-year to 158,100 units, giving the company a market share of around 26%.The surge in Europe helped li ...

2025-04-10 22:06:01
Taiwan stocks lower at close of trade; Taiwan Weighted down 4.02%

Taiwan stocks lower at close of trade; Taiwan Weighted down 4.02%

Investing.com – Taiwan stocks were lower after the close on Thursday, as losses in the , Optoelectronic and Electronic Parts/Components sectors led shares lower.At the close in Taiwan, the Taiwan Weighted declined 4.02% to hit a new 52-week low.The best performers of the session on the Taiwan Weighted were AV Tech Corp (TW:8072), which rose 9.91% or 2.85 points to trade at 31.60 at the close. Me ...

2025-04-10 22:04:11
TSMC posts 47% jump in March revenue on strong AI chip demand

TSMC posts 47% jump in March revenue on strong AI chip demand

Investing.com--Taiwan Semiconductor Manufacturing Co (TSMC) (TW:2330) on Thursday posted a sharp jump in March revenues, driven by robust demand for advanced chips and AI-related applications.Revenue for March came in at NT$285.96 billion ($8.71 billion), a 46.5% jump from NT$195.21 billion ($5.94 billion) in the previous year. March revenues were also up 10% from February,For the first quart ...

2025-04-10 22:02:24