Tesla’s Sales Fall but Investor Support Stays Strong
Bloomberg Technology
Bloomberg
4.5 • 49 Ratings
🗓️ 2 July 2025
⏱️ 44 minutes
🧾️ Download transcript
Summary
Bloomberg’s Caroline Hyde and Ed Ludlow discuss the drop in Tesla’s second-quarter sales. Plus, Foxconn pulls Chinese workers from India in a blow to Apple. And Microsoft plans a second large round of layoffs as it looks to spend more on artificial intelligence.
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Transcript
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| 0:00.0 | This is an IHeart podcast. |
| 0:05.3 | Today we expect more from technology. |
| 0:08.2 | Companies making the biggest productivity gains aren't just adding more tools. |
| 0:12.5 | They're choosing integrated solutions. |
| 0:15.4 | Find out more about these solutions later in this podcast. |
| 0:23.4 | Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed |
| 0:29.7 | Lovlo in San Francisco. |
| 0:34.4 | This is Bloomberg Tech coming up. |
| 0:36.5 | Tesla's global sales drop in the second quarter, but shares pop as investors look to a robo-taxy future. |
| 0:42.3 | Plus, Foxcon asks hundreds of Chinese engineers to return home from its iPhone batteries in India. |
| 0:49.3 | A blow to Apple's manufacturing push in the country. |
| 0:52.3 | And Microsoft to slash another 9,000 staff to streamline its teams. |
| 0:57.0 | It's the second major wave of layoffs this year. |
| 1:00.0 | But first we check in on these markets, which the equity benchmark in tech, |
| 1:05.0 | the NASDAQ 100, should, really does manage to shrug off the sell-off we see in the bond market right here right now. Up 5 tenths percent. |
| 1:12.6 | The data coming in on US jobs, weak. |
| 1:15.6 | But does that mean that we could see yet further fed stimulus baked back into this market? |
| 1:19.6 | We're up 610% as tech leads the charge today, Ed. |
| 1:23.6 | Let's get right to Tesla. Shares up almost 4% off session highs, 384,122 vehicles delivered by Tesla in the second quarter. |
| 1:34.3 | Now, technically, that came in below consensus, Caroline. However, we did see expectations get reset in recent days. Maybe this came in above the lowest level |
| 1:45.0 | of expectations it does leave Tesla with some work to do in calendar 25 if it |
| 1:51.3 | wants to catch up and have some growth in the year let's get to it yeah let's do |
... |
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