China pumps the brakes on Tesla’s autonomous cars
FT News Briefing
Forhecz Topher
4.4 • 1.2K Ratings
🗓️ 18 February 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
Tesla risks being caught up in the China-US trade war, while US officials head to Saudi Arabia to start peace talks over Ukraine. Indonesia reaches “Opec status” as it dominates the global nickel trade. Plus, the US-India deal signals a bonanza for US gas imports.
Mentioned in this podcast:
Tesla braces for delay to China licence as Trump trade tensions mount
The ‘Opec’ of nickel: Indonesia’s control of a critical metal
European countries clash over sending troops to Ukraine
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This episode of the FT News Briefing was produced by Josh Gabert-Doyon, Fiona Symon, Lulu Smyth, Sonja Hutson, Kasia Broussalian, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:04.3 | Today is Tuesday, February 18th, and this is your FT News briefing. |
| 0:09.4 | The U.S.-China trade war could become a potential liability for Tesla. |
| 0:14.6 | Indonesia dominates the global nickel trade. |
| 0:17.7 | They now produce 60% of the world's nickel production. So Indonesia now essentially |
| 0:23.1 | controls more of global nickel supply than OPEC ever did of oil. Russian and U.S. officials |
| 0:29.4 | are to meet in Saudi Arabia to discuss the Ukraine war. Plus, India strikes up a deal with |
| 0:35.2 | Washington over natural gas. |
| 0:41.6 | I'm Josh Gabbard Dwight-Wa, and here's the news you need to start your day. |
| 0:58.0 | Tesla is facing a setback in China as the electric vehicle company finds itself dragged into the US-China trade war. Local Chinese EVs have been out-competing Tesla on price, and the company's chief executive, Elon Musk, has been hoping its full self-driving technology would help it get ahead. |
| 1:09.0 | Now, Beijing has delayed granting a license that would allow |
| 1:12.4 | Tesla to develop the tech in China. Two people with knowledge of the matter said Chinese authorities |
| 1:17.8 | had considered using the license approval as a bargaining chip in trade negotiations with the US. |
| 1:24.3 | Last month, Musk admitted that Tesla was in a bit of a bind |
| 1:27.9 | when it came to its full self-driving system in China |
| 1:31.0 | because of strict data rules imposed by both Beijing and Washington. |
| 1:42.1 | Indonesia has a tight grip on the global nickel trade. |
| 1:45.5 | The metal is used in batteries for electric cars, which means it's critical to the energy transition. |
| 1:51.6 | And thanks to massive investment from China and a dose of protectionism, Indonesia has cornered the market. |
| 1:58.8 | The FTs Ananta Lakshmi is in Jakarta and joins me now to talk about it. |
| 2:02.6 | Hey Ananta. |
| 2:03.6 | Hi, Josh. |
... |
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