Bloomberg Tech Tesla Emerging as Tariff Winner, Crypto Welcomes Paul Aktin for SEC Chair
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Mar 27, 2025 The impact of President Trump's 25% tariff is reshaping the auto industry, giving Tesla and Rivian an edge over foreign competitors. Luminar's CEO discusses a game-changing tech deal with Caterpillar, expanding into the industrial automation market. Meanwhile, the crypto world buzzes with excitement as progress accelerates, contrasting the past four years. The potential nomination of Paul Atkins as SEC chair raises questions about the future balance between crypto growth and regulation.
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EV Price Hikes
- Tariffs may increase EV prices by $12,000, impacting demand.
- Established automakers are more vulnerable than newer EV companies.
CoreWeave IPO Cut
- CoreWeave cuts its IPO size to $1.5 billion due to market conditions.
- The fully diluted valuation is now similar to its last private round.
CoreWeave IPO Challenges
- NVIDIA's anchor order of $250 million supports CoreWeave's IPO.
- However, concerns remain about Microsoft's reduced data center demand, affecting CoreWeave.