Bloomberg Daybreak: Asia Edition

Elon Musk Warns of 'Rough' Patch Ahead for Tesla; Rumors About China's Political Elite

17 snips
Jul 24, 2025
Karishma Vaswani, a Bloomberg Opinion columnist specializing in Chinese politics, joins the discussion to untangle the complexities of Beijing's leadership dynamics. She reveals how rumors about Xi Jinping’s future stem from misunderstandings of Chinese political nuances. The conversation also highlights Tesla's rough patch under Elon Musk, who faces growing challenges in a competitive market. Meanwhile, Japanese automakers celebrate a new trade deal with the U.S., sparking optimism amidst ongoing political intrigue in China.
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INSIGHT

Tesla’s Strategic Shift to AI

  • Tesla CEO Elon Musk shifted focus from EV volume to autonomy and robo taxis as the real growth area.
  • Musk views Tesla more as an AI and robotics company than a traditional auto manufacturer.
INSIGHT

Impact of EV Tax Credits on Tesla

  • Losing EV tax credits hurts Tesla and the entire EV market in the U.S., impacting sales incentives.
  • Despite market pressures, Elon Musk's entrepreneurial ability keeps investor confidence relatively high.
INSIGHT

US-Japan Tariff Deal Benefits Carmakers

  • The U.S.-Japan tariff agreement favors Japanese automakers, improving their competitive position.
  • Japan exports millions of cars to the U.S. annually, making tariff relief crucial for their market success.
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