FT News Briefing Tesla sees a bumpy road ahead
Jan 26, 2023
Tesla reported record revenues but faces hurdles on its path to building 1.8 million cars this year. The Bank of Canada plans to pause interest rate hikes, raising questions about inflation management. Meanwhile, investors are pouring trillions into the Fed's reverse repo program, highlighting deep anxieties over interest rate fluctuations. The podcast also delves into the U.S. economic slowdown, examining GDP figures and the Federal Reserve's balancing act between managing inflation and avoiding recession.
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Tesla's Bumpy Road
- Tesla beat revenue expectations but faces an uncertain macroeconomic environment.
- Rising interest rates and sales concerns pose challenges to their 2 million car delivery goal.
Canada Pauses Rate Hikes
- The Bank of Canada paused interest rate hikes after eight consecutive increases.
- This pause makes them the first major G10 economy to halt rate increases.
Global Central Bank Trends
- Global central banks face similar circumstances, potentially echoing Canada's pause in rate hikes.
- Canada's aggressive rate hikes last year put them in a position to pause earlier than others.