meta_pixel
Tapesearch Logo
Log in
FT News Briefing

Dirty green jobs, and the $1tn carmaker

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 26 October 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

Read a transcript of this episode on FT.com

https://www.ft.com/content/910fcfd8-05e8-43c3-8a30-dc8388964302


Tesla has become the first carmaker to be valued at $1tn, and internal documents from inside Facebook continue to reveal troubling company practices. Plus, FT workplace columnist Sarah O’Connor explains that “green jobs” aren’t always safe for workers. 


Tesla soars past $1tn in market value

https://www.ft.com/content/4eb7504e-94ef-4f99-937d-807aa159b282


Not all green jobs are safe and clean

https://www.ft.com/content/111f9600-f440-47fb-882f-4a5e3c96fae2


Four revelations from the Facebook Papers

https://www.ft.com/content/80550e88-eee8-475e-aada-d3d4618a3ff6


The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley. 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning from the Financial Times. Today is Tuesday, October 26th.

0:03.8

And this is your FT News Briefing.

0:09.0

Tesla joined the Trillion Dollar Club yesterday,

0:11.6

and internal Facebook documents continue to reveal troubling practices

0:15.8

and internal struggles at the company. Plus, green jobs are seen by many as the key to

0:21.6

cleaner economies and a healthier environment. But some aren't so safe for workers.

0:27.3

I think the word green we often associate with things like safety and cleanliness

0:31.7

and sustainability. But it's worth being a bit realistic about what some of those jobs are.

0:37.0

I'm Mark Filipino and here's the news you need to start your day.

0:46.6

Tesla is now a one trillion dollar company, according to its stock market value.

0:51.2

Yesterday it became the first car company to ever make the cut.

0:54.6

The FT's Patrick McGee reports on Tesla and used to report on another big automaker when

0:59.3

he was based in Germany. I always wondered whether Tesla was going to be worth more than Volkswagen.

1:05.3

And it's now worth something like seven times out of Volkswagen. And I still find it difficult

1:10.8

to even comprehend that. I mean, for Volkswagen, for people don't know, is the owner of 12 brands,

1:15.3

including Audi, Porsche, Lamborghini, Bugatti. You know, these are high margin businesses that

1:21.1

have rules the 20th century basically. And for Tesla to be worth all of that seems still to me

1:27.3

a little bit crazy. And of course, to be worth seven times that is just insane, right? Or as ludicrous

1:33.2

as a Tesla's acceleration. So Patrick, what should we make of all this? Should Tesla actually be worth

1:39.0

a trillion dollars? So it all depends on whether you think Tesla is an auto company or a tech

1:44.6

company that happens to make cars. If it's an auto company, this clearly makes no sense whatsoever.

1:49.8

Something like 90 million cars are built a year. Tesla only produces 500,000 of them, right?

...

Please login to see the full transcript.

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

Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.