Tesla Dethroned in China EV Market & Harvard President Resigns
Jan 3, 2024
24:38
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This podcast discusses why Tesla lost the top EV spot to BYD in China, Harvard's president resigning, a plane collision in Tokyo and its implications for the airline industry, how Covid has affected consumer choices, a 16-year-old phenom in the dart championship, and surprising stats on state migrations according to U-Haul data.
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Quick takeaways
BYD surpasses Tesla as the best-selling EV maker in the world due to growing demand and government support in China.
Harvard president Claudine Gay resigns amid controversies, highlighting concerns about university leadership and corporate influence.
Deep dives
Decrease in Ice Levels Threatens Pond Hockey and Ice Fishing Competitions
The Great Lakes are experiencing a significant decrease in ice levels, with only 0.35% of the lakes being covered in ice compared to the average of 9% at this time of year. This decline is not an anomaly but a trend over the past few decades. Meteorologists warn that this could have detrimental effects on activities like pond hockey and ice fishing, which heavily rely on sufficient ice cover. While there is a possibility of ice levels recovering later in the winter, the current extremely low levels raise concerns for these traditional winter pastimes.
Chinese EV Maker BYD Overtakes Tesla in Global EV Sales
Chinese electric vehicle (EV) maker BYD has surpassed Tesla as the best-selling EV maker in the world during the fourth quarter of 2023. BYD's success is largely driven by the growing demand for new energy vehicles in China, where sales of EVs and hybrids grew by 37% year over year. BYD reported a 62% increase in sales of its new energy vehicles, making it a force to be reckoned with in the global automotive industry. The Chinese government's robust support through substantial subsidies and intense competition in the market have played key roles in BYD's rise to prominence.
Harvard University President Claudine Gay Resigns Amid Controversies
Harvard University President Claudine Gay, who assumed the role in July, has stepped down following controversies surrounding her leadership. Gay faced criticism for her testimony in a congressional hearing on anti-Semitism and later accusations of plagiarism in her scholarly work. Although an independent review found instances of improper citations, they did not amount to research misconduct. Critics accused her resignation of being politically and racially motivated, as she was the first black president in Harvard's history. This event raises concerns about the influence of billionaire donors in university leadership and the growing connection between higher education and corporate interests.
Episode 227: Neal and Toby discuss why Tesla has lost the top EV spot to BYD in China. Plus, Harvard's president Claudine Gay resigns following the shortest tenure in the university's history and what a plane collision in Tokyo means for the airline industry as a whole. Next, how Covid slashed vast consumer choices and the 16-year old phenom that is trying to become the dart champion of the world. And finally, U-Haul released their 2023 wrapped and the states people are moving to may surprise you.