Elon Musk Says a Cheaper Tesla Is on the Way

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 29 April 2024

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla CEO Elon Musk has talked about offering a cheaper EV model for a while. A low-priced car could attract new customers who may not be able to afford Tesla’s more premium models. Last week, Musk said that cheaper cars could be coming as soon as late this year. WSJ columnist Tim Higgins tells host Alex Ossola what it would take to make that happen. Plus, Tesla was one of four tech companies to report first-quarter earnings last week. WSJ reporter Hardika Singh talks about the through-lines in those reports, and why artificial intelligence is defining the moment. 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

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0:00.0	You'll have to go a long way to match a Volkswagen in Match Trim.
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0:25.0	Extra Speck versus nearest equivalent VW trim.
0:28.0	visit Volkswagen.co. UK for full details.
0:30.0	Welcome to Tech News Briefing. It's Monday, April 29th. I'm Alex Osele left for the Wall Street Journal.
0:40.0	Coming up on today's show, last week, four big tech companies reported first-quarter earnings.
0:45.8	We'll hear about why artificial intelligence is defining this moment,
0:49.3	and what that means for the rest of the market, from W.S..J reporter Hardikassang. And then Tesla CEO
0:56.0	Elon Musk has talked about offering a cheaper EV model for a while and last week
1:01.0	he tried to assure investors that cheaper cars are coming as soon as late this year.
1:05.0	W.S.J. columnist Tim Higgins tells us what it will take to make it a reality.
1:19.2	But first, Tesla, Tesla, Meta, Google Parent Alphabet, and Microsoft have released their earnings from the first quarter of 2024.
1:21.8	But investors were focused on companies future spending plans and everyone
1:26.0	was talking about AI. W.S.J reporter Hardikassing joins us now with more.
1:31.0	Hardiko, what were some of the high-level takeaways from these
1:33.8	tech earnings? What a crazy week, right? It was a big week for the stock market.
1:39.1	Some of the high-level takeaways for me and what seems like for investors too were the fact that
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