Tesla's C-Suite Shakeup, Softbank's Profitability Push
Bloomberg Tech
Bloomberg
4.4 • 69 Ratings
🗓️ 7 August 2023
⏱️ 42 minutes
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Summary
Bloomberg's Ed Ludlow sits down with analyst Pierre Ferragu from New Street Research to discuss changes to Tesla's C-Suite, as the CFO of 13 years steps down. Plus, Softbank may turn to profit after $48 billion in Vision fund losses. And, we're live out of Lisbon as a key leader responds to Portugal's probe into European Telecomms giant Altice.
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| 0:00.0 | Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st. |
| 0:09.0 | Take part in solutions driven discussions on how to drive business value and unlock opportunity |
| 0:14.8 | while remaining nimble in times of change and greater ESG accountability. |
| 0:19.5 | Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore. |
| 0:24.0 | That's Bloomberg Live.com slash sustainable Biz Singapore. |
| 0:28.0 | From the heart of where innovation, money and power collide in Silicon Valley and beyond, |
| 0:37.0 | this is Bloomberg Technology with Caroline Hyde and Ed Ludlow. in Edna at in San Francisco. |
| 0:57.5 | Caroline Hyde is off today. |
| 0:58.7 | This is Bloomberg Technology. |
| 1:00.4 | Coming up on the program, Tesla's shock change of CFO. |
| 1:04.3 | Zat Kirkhone has stepped down after 13 years at the EV maker. |
| 1:07.9 | Meanwhile, Elon Musk's health is in focus as talk of a Zuckerberg cage fight heats up. |
| 1:14.6 | And plugging a $48 billion black hole, |
| 1:16.8 | artificial intelligence could fuel a rebound at Soft Bank |
| 1:20.4 | as the Japanese Conglomerates Vision Fund seeks to snap five quarters of losses. |
| 1:25.0 | And we go live to Lisbon as a key leader responds to Portugal's probe into a European |
| 1:30.6 | telecoms giant Altis. The name we are watching so closely the |
| 1:35.3 | surprise story this Monday that we all woke up to. Zach Kirk-Con stepped down |
| 1:40.5 | August 4th as Tesla's CFO. He's been at the company 13 years. He became |
| 1:45.3 | CFO early 2019. He is a big factor behind the profit at Tesla, some of the key |
| 1:52.1 | capital raises they have done. |
| 1:54.1 | The chief accounting officer is going to transition into the CFO role. |
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