Bloomberg Daybreak: Europe Edition Daybreak Weekend: Tesla Earnings, European Banks, Trump-Albanese Meeting
10 snips
Oct 17, 2025 This week, Paul Allen, a Bloomberg correspondent from Sydney, dives into Australia’s strategic mineral reserves ahead of Prime Minister Albanese's meeting with President Trump. He highlights potential US-Australia collaborations in critical minerals and discusses barriers to refining capacity in Australia. Allen also addresses the delicate balance Australia must maintain between its ties with China and the US, alongside insights on the AUKUS defense pact and its implications for national security.
AI Snips
Chapters
Transcript
Episode notes
Tesla's Surge Fueled By Tax Credit
- Tesla saw record EV and battery storage shipments partly from the $7,500 US tax credit expiring in September.
- Analysts expect a near-term slowdown and more price competition as subsidies fade and new models proliferate.
Subsidy Withdrawal Means Short-Term Pain
- Loss of subsidies will drive weaker earnings and cash flow for EV makers in coming quarters.
- Long term, more models and capacity mean price competition and potential consolidation in the EV industry.
Cheaper Teslas And Robotaxi Focus
- Tesla's cheaper Model 3/Y and talk of a Model 2 could help it gain market share.
- Robotaxi offers the clearest path to material revenue by 2028, while Optimus remains speculative and internal-focused.