Bloomberg Daybreak: Asia Edition Daybreak Weekend: Tesla Results, Europe Earnings, China Tariff Reaction
10 snips
Apr 18, 2025 AI Snips
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Builders See Traffic Up, Costs Rising
- Homebuilder sentiment slightly improved due to increased traffic but concerns over tariffs remain.
- Tariffs could raise costs for new homes by an estimated average of $11,000 per unit.
Tesla Faces Growth Challenges
- Tesla's Q1 deliveries fell 13%, far below expectations, reflecting lowered growth prospects.
- Elon Musk scrapped a cheaper EV to focus on full autonomy, risking Tesla's affordable vehicle market and growth.
Tesla's Supply Chain Tariff Vulnerability
- Tesla's supply chain is vulnerable to tariffs despite U.S. assembly due to reliance on imported parts.
- Tariffs especially threaten EV battery supply chains heavily dependent on China.