Elon Musk warned of difficult times ahead for Tesla after one of the automaker’s worst quarters in over a decade. Tesla will be in a transition period for the next year or more, losing electric vehicle incentives in the US and needing time to roll out autonomous vehicles, the chief executive officer said. “We probably could have a few rough quarters,” Musk said. “But once you get to autonomy at scale in the second half of next year, certainly by the end of next year, I would be surprised if Tesla’s economics are not very compelling.”
In geopolitics, European Commission President Ursula von der Leyen told Chinese leader Xi Jinping that the bloc’s ties with his country “have reached an inflection point,” illustrating what’s at stake in their summit shadowed by tensions spanning trade to the war in Ukraine. “As our cooperation has deepened, so have the imbalances,” von der Leyen said on Thursday, according to her prepared remarks. The head of the European Council, Antonio Costa, called on China “to use its influence on Russia to respect the United Nations Charter and to bring an end of its war of aggression against Ukraine.”
Today’s guests: Nataliia Lipikhina, JPMorgan Private Bank EMEA Equity Strategy Head, Sören Radde, Point72 European Economic Research Head, Fenella McGerty, International Institute for Strategic Studies Senior Fellow for Defence Economics
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse
00:01:02 – Von Der Leyen: EU-China Ties at Inflection Point
00:04:21 – EU Sees Progress Towards US Tariffs at 15%
00:06:03 – Nataliia Lipikhina, JPMorgan Private Bank EMEA Equity Strategy Head
00:11:31 – Lipinkhina: Substantial German Stimulus Exceeds €1T
00:15:57 – ECB Expected to Pause Rate Reductions
00:18:45 – EU Sees Trade Deal Progress With 15% Tariffs
00:18:56 – Sören Radde, Point72 European Economic Research Head
00:23:41 – UK July Services PMI Falls to 51.2, Forecast 52.9
00:28:50 – Machenil: 15% Tariffs Should be Manageable
00:33:04 – Tesla Investing in Robotics & Autonomous Driving
00:36:23 – Alphabet 2Q Results Beat Expectations
00:39:23 – Trump Decided Breakup ‘Not Easy’
00:43:02 – McGerty: Defense Spending Must be Done in a Controlled Way
00:43:25 – Fenella McGerty, International Institute for Strategic Studies Senior Fellow for Defence Economics
00:45:38 – Germany to Accelerate Military Procurement
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