David Welch, Bloomberg Detroit Bureau Chief and auto industry reporter, unpacks Tesla’s weak delivery quarter and waning investor confidence. He explores the broader global EV slowdown, fading incentives, and Tesla’s shift toward robotics and autonomy. He also touches on Stellantis’ early talks with Leapmotor about EV production in Canada.
17:16
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Tesla Sales Slide Driven By Incentive Pullbacks And Musk Backlash
Tesla's deliveries missed expectations despite being up year-over-year because prior-year distortions and a longer-term sales slide masked weakening demand.
David Welch cites backlash effects from Elon Musk and fading EV incentives in China and the U.S. as concrete reasons for the downturn.
insights INSIGHT
EV Market Cooling As Incentives Fade
EV sales are cooling globally as government incentives in major markets like China and the U.S. have been reduced or removed.
Welch notes BYD and others saw weaker months when those incentive programs ended, directly squeezing demand.
insights INSIGHT
Tesla Pivot To Autonomy Increases Execution Risk
Tesla is shifting away from high-end sedans and SUVs toward robotics and autonomous driving despite those being technically difficult and uncertain.
Welch warns Tesla's reliance on its unique data-driven autonomy approach adds execution risk to the pivot.
Get the Snipd Podcast app to discover more snips from this episode
Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu
- David Welch, Bloomberg Detroit Bureau Chief, discusses Tesla sales. Tesla Inc. posted one of its worst sales quarters in years, missing Wall Street’s expectations, as the carmaker struggles to turn around its core business and navigate an increasingly challenged electric-vehicle market. Separately, Stellantis is discussing options for building electric vehicles in Canada with its Chinese partner, Zhejiang Leapmotor Technology Co. The talks are in an early stage and focused on an idled Stellantis assembly plant in Brampton, Ontario, with the possibility of building cars in partnership with Leapmotor.
- Brody Ford, Bloomberg Technology Reporter, discusses the Bloomberg Big Take story “Microsoft CFO’s AI Spending Runs Up Against Tech Bubble Fears.” Description: Microsoft Chief Financial Officer Amy Hood must decide how much to spend on artificial intelligence without starving other parts of the company or alarming Wall Street. In this executive profile, Bloomberg exclusively reports that Hood made the call to pause data center construction last year, a controversial decision some say left the company without enough computing power for its AI services.
- Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence, discusses how Intel’s turnaround is advancing as spending is cut. According to Bloomberg Intelligence: Intel's new CEO is stabilizing the company's credit profile, refocusing core-product franchises and cutting costs. It's still a work in progress, but reductions in operating expenses and capital spending are paying off, enabling Intel to buy back a $14.2 billion stake in its Ireland fabrication joint venture without jeopardizing its investment grade profile.
Bloomberg Intelligence