The core market of Toyota’s luxury brand Lexus has been Asia; in Europe, it sold merely 70,000 cars last year. Despite the headwinds, Lexus is increasingly becoming a serious alternative for many buyers, even though – or maybe precisely because – 98 per cent of its vehicles are hybrids. Alain Uyttenhoven, head of Lexus Europe, said: “When customers come in to pick up their Lexus (more…)
Tesla (TSLA, US$245.00) has many friends in the offices of major banks and leading broking firms on the stock exchange. This is not only expressed in the market price, and especially the strong price increases in recent weeks (over 20%), but in many favorable comments and classifications. At the same time, there has been heavy speculation on falling prices when one looks at the number of short-sold shares (short interest) which is hovering around 24 million shares – with approx. 95 million shares which can be traded freely (approx. 124 million shares are outstanding).
Recently, the announcement of a new, high performance battery with the name PowerWall has recently caused a stir and resulted in strongly (more…)