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FT News Briefing
Investors roll the dice on prediction markets
Jul 24, 2024
FT's Jennifer Hughes discusses investors betting on politics in prediction markets, Tesla's income drop, Trump's potential return to White House, and US Secret Service director's resignation after operational failure. The podcast highlights prediction markets growth, Trump trades reassessment, and regulatory obstacles in the evolving online trading environment.
10:44
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Quick takeaways
- Tesla's net income dropped by 45% due to slower vehicle deliveries, while investors foresee a potential return of Donald Trump to the White House.
- Prediction markets, particularly political bets, are gaining traction among investors despite concerns from regulatory bodies about their impact on election outcomes.
Deep dives
Tesla's Earnings Fall Short of Expectations
Tesla's recent earnings report revealed a 45% decrease in net income due to slower vehicle deliveries and significant layoffs. Despite a 2% revenue increase from its energy storage business, the stock plummeted by over 8% in after hours trading and is down 8% for the year. The company faces challenges in meeting profit estimates.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode