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FT News Briefing

Tesla dip: blip or bust?

Apr 4, 2024
11:20
Snipd AI
Eurozone inflation numbers point towards potential ECB interest rate cuts, Chinese companies reviving Mao Zedong-era militias, Tesla facing challenges in the EV market, and big investors supporting management at Disney in a board clash.
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Podcast summary created with Snipd AI

Quick takeaways

  • Disney's successful defense against investor pressure highlights strategic initiatives to boost shareholder value.
  • Tesla's struggles with declining deliveries and market challenges indicate broader concerns about EV adoption and competition.

Deep dives

Disney's Boardroom Victory Over Activist Investor Nelson Peltz

Disney and CEO Bob Iger thwarted investor Nelson Peltz's push for a board seat, despite his call to cut costs and improve profit margins. Disney announced initiatives to please shareholders, such as significant cost reductions and a $1.5 billion investment in Epic Games, leading to a more than 50% increase in Disney's share price in the last six months.

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