As EV Demand Slows, Startups Are at Risk

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.6 • 1.6K Ratings

🗓️ 26 March 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Back in 2018 and 2019, it looked like the electric vehicle boom had finally arrived. Sales of Tesla’s Model 3 sedan were taking off and a number of other startups were getting in on the action. Companies like Rivian and Lucid seemed poised to take on automotive giants like Ford and General Motors. Now, more than five years later, amid a slowdown in demand for EVs, the financial picture for these companies is less rosy. WSJ reporter Sean McLain tells host Alex Ossola how the once-buzzy companies are faring. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	The less your business spends the more margin you keep.
0:03.5	Net Suite by Oracle brings accounting, finance, inventory, and HR into one proven platform,
0:09.5	helping you reduce costs everywhere.
0:12.0	Now through April 15th, Net Suite is offering a one-of-a-kind flexible financing program.
0:17.9	So head to NetSuite.com slash Wall Street right now. Welcome to Tech News Briefing.
0:27.0	It's Tuesday, March 26th.
0:29.2	I'm Alex Oscela for the Wall Street Journal.
0:31.8	Coming up on today's show, there could be a new cyber attack aimed at generative artificial
0:36.8	intelligence.
0:37.8	We'll hear about the new ways hackers could steal data and what you can do to protect
0:41.6	yourself from W.S.J contributor Jackie Snow.
0:45.0	And then, just a few years ago, electric vehicle startups like Rivian and Lucid were Wall Street
0:50.2	Darlings. But now, as demand for EVs has slowed, a number of these companies are at risk.
0:56.0	We'll check in on some of the EV Industries once high-flying start-ups and see what it will take to turn business around.
1:02.0	From W.S.J. reporter Sean McClain. and see what it will take to turn business around.
1:02.6	From W.S.J. reporter Sean McClain.
1:08.9	But first, from creating images to travel itineraries
1:11.9	and even just enhancing our productivity overall,
1:14.4	generative AI holds a lot of promise for what it can bring to our lives.
1:18.3	But with that promise comes risk.
1:20.6	Some researchers have begun raising concerns about a new kind of cyber attack called data poisoning.
1:26.2	W.S.J. contributor Jackie Snow joins me now with more.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.