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Bloomberg Intelligence

Mnuchin Eyes TikTok

Mar 14, 2024
Topics include Mnuchin's interest in TikTok, Biden's view on US Steel ownership, U.S Retail sales, commercial real estate sector updates, Tesla's stock performance, and exploring the exploitation of Osage people for oil wealth.
45:31

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Quick takeaways

  • Tesla aims to slash production costs by up to 50%, focusing on next-gen vehicles like the Model 2.
  • Tesla is positioning itself as an ecosystem player, aiming to integrate various products like solar panels, Starlink, and energy solutions with its vehicles.

Deep dives

Tesla's Growth Potential Amid Price Cuts

Tesla's stock is down due to concerns about its growth potential, with some analysts questioning if it can be a growth company with no growth in sales volume. While there are challenges in China's competitive market and the need to balance price cuts and sales, Tesla's vertical integration and innovative projects like full self-driving technology and the battery ecosystem could pave the way for long-term success.

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