Consumer Cyclical

Tesla's stock hit a new low following concerns from Deutsche Bank regarding the company's strong emphasis on autonomous vehicle products amidst declining profits. The brokerage warned about challenges related to achieving full driverless autonomy and voiced worries over Tesla's discontinuation of a promised affordable car in favor of developing Robotaxis.

SusHi Tech Tokyo 2024, a tech trade show, gave a sneak peek into futuristic mobility, sustainable food, and entertainment innovations at a preview event on April 9 in Tokyo’s Chiyoda Ward. The event highlighted features like a new compact tricycle, a water-sky versatile drone, and beef-free hamburgers, offering a glimpse into the envisioned urban life in 2050.

A US government investigation into unexpected automatic braking in nearly 3 million Honda vehicles has been upgraded to an engineering analysis, potentially leading to a recall. The investigation follows complaints that the system can brake the vehicles without any objects in their path, increasing the risk of a crash.

Nissan is gearing up to mass produce electric vehicles with advanced next-generation batteries by early 2029, aiming to catch up with competitors in the electric auto sector, like Tesla and BYD. The company is focusing on solid-state batteries as the next big advancement for EVs, promising a more powerful, cheaper, safer, and faster-charging alternative to existing lithium-ion batteries.

MG Motor India has announced a partnership with the Epsilon Group for electric vehicle (EV) charging solutions and battery recycling. Two Epsilon Group subsidiaries - Power EV and LICO - will work with MG Motor India to provide charging solutions and second-life expertise for batteries under an MoU agreement.