Germany

Enterprise

Tesla’s Sales Decline Attributed to Houthi Attacks and Arson in Germany

Crucially, Tesla shipped fewer cars than it did in the first quarter of 2023, meaning this was the first year-over-year drop in sales in three years. Production was also down year-over-year, which Tesla attributed to switching to making the new Model 3, as well as the other disruptions. These drops come just two months after Tesla warned that sales growth could be “notably lower” in 2024 as it comes off a successful 2023 fueled by price cuts. Bloomberg News reported last month that Tesla curtailed output at its Shanghai factory as a result of slower sales growth in the country. Tesla tried to pull a few tricks at the end of the quarter to boost sales, as it usually does.

Zara Khan
April 2, 2024
1 Comment

Uncategorized

Germany’s Fading Green Dreams and the Impending Consolidation of Cannabis Enterprises

As 2023 comes to an end, it is only natural to reflect on what happened in the markets we cover. But when it comes to cannabis, the answer is “not much,” which won’t help cannabis startups that are already facing a challenging funding environment. Namely, 2023 wasn’t the year that Germany legalized adult recreational cannabis use. That matters because that’s not what the legal cannabis market once anticipated, and whenever there is misalignment between reality and what investors expected, especially when public companies boosted said expectations, it is rarely good news. “Companies have spent significant capital in preparation for a sizable commercial market in Germany.

Dylan Williams
December 29, 2023

Gadgets, Transportation

Google Aims to Address German Antitrust Worries Regarding Bundling of Automotive Services

It also objected to Google limiting or refusing to allow interoperability of services included in GAS with third-party services. “We are particularly concerned about the compulsory bundling of services with great market strength and reach with services that are less strong. “Google is also prepared to eliminate its contractual provisions on setting Google services as default applications or displaying them prominently in the infotainment platform,” the FCO also noted. The question of whether Google’s proposals will result in an unbundled offering of Google’s services in the automotive sector will be decisive in this context,” it added. Which may give the FCO reason enough to continue its scrutiny of Google Maps in the meanwhile.

Zara Khan
December 22, 2023

Enterprise, Security, Startups, Venture

Enter Raises Funding to Unlock Home Energy Efficiency Across Germany & Beyond

Home energy assessment startup Enter raises €19.4M Series A to expand in Germany and beyond

The growth of tech startups looking at home energy management is a promising sign that the public is beginning to address the issue of energy costs and security. The problem,…

Zara Khan
April 21, 2023

Apps, Security

Apple Struggling Under Germanys Strict Antitrust Regime

Apple says it earned $20.8B from 935M subscriptions last fiscal quarter • TechCrunch

Apple’s antitrust designation means the Cupertino company can continue to price gouge rivals and remain unchecked for five years. As a result, rival electronics companies will likely seek legal action…