business

2/6/25

Tesla sales tank in Europe

Tesla is seeing a huge drop-off in sales across Europe, coming shortly after CEO Elon Musk’s newfound interest in participating in Germany’s right-wing political movement.

The Financial Times reports that Tesla’s market share in Germany dropped from 14% to 4%, with the electric car maker’s registrations dropping 59% year over year, even while the overall German EV market grew more than 50% year on year.

Tesla’s European problems aren’t just limited to Germany:

🇩🇪 Germany: Registrations dropped 59% year over year.
🇫🇷 France: Sales down 63% in January.
🇬🇧 United Kingdom: Registrations down 8% year over year.
🇳🇴 Norway: Registrations down 38% year over year.

Since aggressively campaigning for President Trump’s reelection, Musk has jumped into the fray of the upcoming German federal election, supporting the far-right Alternative for Gemany (AfD) party. Musk appeared remotely at an AfD campaign event in January, and hosted the leader of AfD on a live discussion on X.

Tesla’s sales plummet across Europe

Tesla’s sales plummet across Europe

Tesla’s European problems aren’t just limited to Germany:

🇩🇪 Germany: Registrations dropped 59% year over year.
🇫🇷 France: Sales down 63% in January.
🇬🇧 United Kingdom: Registrations down 8% year over year.
🇳🇴 Norway: Registrations down 38% year over year.

Since aggressively campaigning for President Trump’s reelection, Musk has jumped into the fray of the upcoming German federal election, supporting the far-right Alternative for Gemany (AfD) party. Musk appeared remotely at an AfD campaign event in January, and hosted the leader of AfD on a live discussion on X.

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business

17h

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

As tariffs take root, August new vehicle prices climb by the most in more than 2 years

According to data from Cox Automotive, 17 vehicle brands raised prices of their new vehicles by more than 3% in August.

Ford Issues Recalls On Some Of Its Mach-E Mustangs And Aviators

Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

Netflix Headquarters

Bank branches are still closing at breakneck speed in the US

Institutions like Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

Indianapolis - March 2016: Chase Bank III

business

9/9/25

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

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