Tesla Launches New Long-Range EV

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 1 September 2023

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A.M. Edition for Sept 1. Tesla has unveiled a New Model 3 with longer range and conversely, a steeper price tag. WSJ reporter Rafaelle Huang says the launch comes amid fierce competition over EV’s in China. Plus, Beijing moves to shore up its critical property sector. And Heather Haddon reports on the brewing battle over an American dining-out tradition - tipping. Keith Collins hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Shopify.
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0:12.0	Shopify is revolutionising millions of businesses worldwide.
0:17.0	So sign up for a £1 per month trial period at Shopify.co.uk
0:23.0	Flash podcast 23 all lowercase and take your business to the next level today.
0:33.0	China cuts mortgage rates in a historic move.
0:36.0	Tesla rolls out a revamped longer-range version of its Model 3 vehicle,
0:40.0	plus student loan borrowers' brace for restarting payments,
0:44.0	and a battle is brewing over an American dining-out tradition, tipping.
0:48.0	A lot of customers are kind of at a breaking point.
0:51.0	They feel like going out to a restaurant is a lot more expensive,
0:54.0	and they're not really excited about paying more.
0:57.0	It's Friday, September 1st, I'm Keith Collins for the Wall Street Journal,
1:01.0	and here's the AM edition of What's News,
1:03.0	the top headlines and business stories moving your world today.
1:11.0	Chinese banks have cut deposit rates this morning after China's Central Bank
1:14.0	announced long-awaited stimulus to the nation's struggling property market.
1:18.0	W.S.J. reporter Rebecca Fung says the 10-25 basis point cut
1:22.0	comes ahead of a major change to how mortgage rates are set in China.
1:26.0	The Central Bank for the first time allowed Chinese commercial banks
1:29.0	to renegotiate and reduce the existing mortgage rates,
	...

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