Morning Brew Daily Tesla Hurting from EV Tax Rollback & Amazon Dives Into AI Wearables
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Jul 24, 2025 Tesla is feeling the pinch as EV incentives dry up, raising concerns about its financial future. Meanwhile, a new trade deal between the US and Japan sparks optimism for investors. Amazon is diving into the AI wearables market with a bracelet that eavesdrops on users. The rising prices of chocolate, particularly Hershey's, pose challenges for consumers, especially with Halloween around the corner. Plus, the triumph of Venus Williams against younger opponents highlights the resilience of elite athletes.
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Tesla's Earnings Slump Explained
- Tesla's recent earnings show a major decline driven by the expiry of US EV incentives and regulatory credit sales.
- These changes could cause Tesla's economics to remain unappealing for at least the next year.
Tesla's Strategic Pivot to AI
- Tesla is transitioning from an EV company to a broader tech firm focused on AI, energy, and autonomy.
- Growth might come from new autonomous services and humanoid robots rather than traditional car sales.
US-Japan Trade Deal Impact
- The US-Japan trade deal reduces tariffs on Japanese cars and auto parts, boosting Japanese automakers' stocks.
- It sets a 15% tariff baseline and hopes to pave the way for further trade agreements, especially with the EU.