business

Tom Jones2/25/25

Tesla’s sales nearly halved in Europe in January

Elon Musk’s automaker’s sales slipped 45% in Europe between January 2024 and last month, per new data from the European Automobile Manufacturers’ Association (ACEA), as the company’s already rough start to 2025 seems to get a little worse with each new release of sales data.

Tesla has seen its market share of overall new vehicle registrations halve in the last 12 months across countries in the EU, from 1.8% in 2024 to 0.9% last month. Out of the 17 major automaker groups tracked, 14 saw sales decline year over year, but none suffered as steep a drop as Tesla. Stellantis saw a 16% drop, while Ford saw a 12% dip.

According to the latest monthly figures from the ACEA, first cited in the Financial Times, Tesla shifted just 9,945 new cars across the EU, EFTA, and the UK in January — down from 18,161 for the same period last year. The company’s declines across major markets so far this year (January sales were reportedly down 11.5% in China and 13% in the US) are partly attributed to customers holding out for long-awaited cheaper models, set to go into production in the first half of the year.

Another factor cited by some has been Musk’s increased involvement in the region’s politics, chiefly in Germany, where the Musk-backed AfD doubled its vote share to finish second in Sunday’s national election.

According to the latest monthly figures from the ACEA, first cited in the Financial Times, Tesla shifted just 9,945 new cars across the EU, EFTA, and the UK in January — down from 18,161 for the same period last year. The company’s declines across major markets so far this year (January sales were reportedly down 11.5% in China and 13% in the US) are partly attributed to customers holding out for long-awaited cheaper models, set to go into production in the first half of the year.

Another factor cited by some has been Musk’s increased involvement in the region’s politics, chiefly in Germany, where the Musk-backed AfD doubled its vote share to finish second in Sunday’s national election.

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Unilever’s newly spun-off ice cream arm says its business is far from “volatile” and that GLP-1s may dent demand less than feared.

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Gen Z is driving a perfume and fragrance boom.

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Max Knoblauch12/4/25

Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul

Netflix’s charm offensive appears to be working.

Netflix is reportedly emerging as the leader in the bidding war for Warner Bros. Discovery after second-round bids this week, edging out entertainment juggernaut rivals Comcast and Paramount Skydance.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter

Paramount questions Warner Bros. Discovery on 'fairness and adequacy' of sale process: Read the full letter

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

PEAK CONSULTING?

After three decades of pretty constant growth, the consultancy boom just hit an AI-shaped wall

Accenture has a new deal with OpenAI — did ChatGPT’s launch top-tick consulting employment?

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business

Max Knoblauch12/3/25

Delta says the government shutdown will cost it $200 million in Q4

The 43-day government shutdown that ended last month will result in a $200 million ding for Delta Air Lines, the airline said in a filing on Wednesday.

That’s about $100,000 per shutdown-related canceled flight. (Delta previously said it canceled more than 2,000 flights due to FAA flight reductions.) When the company reports its fourth-quarter earnings, the shutdown will lop off about $0.25 per share.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

Delta Air Sees $200 Million Hit from Shutdown Fallout

Delta Air Sees $200 Million Hit from Shutdown Fallout

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

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