Tesla Sheds Billions and Raimondo's TikTok Security Concerns
Bloomberg Tech
Bloomberg
4.4 • 70 Ratings
🗓️ 2 March 2023
⏱️ 41 minutes
🧾️ Download transcript
Summary
Bloomberg's Caroline Hyde and Ed Ludlow break down why Tesla shed tens of billions of dollars in value after its investor day fails to energize shareholders. Plus, why Commerce Secretary Raimondo says US concerns over Chinese apps go well beyond TikTok.
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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. I'm Caroline Hyde not in need. |
| 0:45.0 | Ah Ahmed Luddlo, both of us in San Francisco. |
| 0:50.0 | This is Bloomberg Technology and after days of venture capital dominating headlines |
| 0:54.1 | public market volatility hitting us smack in the face. |
| 0:57.0 | And not to mention the crypto world as well yet more signs of concern there we have got |
| 1:01.0 | so much to digest coming up. Tesla shedding |
| 1:03.4 | tens of billions of dollars in its market value. |
| 1:06.1 | Of its investor day just fails to energize shareholders. |
| 1:08.9 | Then why the Commerce Secretary told Bloomberg that US concerns over Chinese apps go well beyond |
| 1:15.2 | Tik-Tok. |
| 1:16.2 | And a live conversation with SEC Chair Gary Gensler about his concerns over artificial |
| 1:21.1 | intelligence and crypto custody. This is |
| 1:23.7 | crypto-friendly bank. Silvergate continues to plunge after |
| 1:26.4 | concerns about its viability. But first Ed, let's get to another key publicly |
| 1:31.0 | traded stock, Tesla of course, which didn't get much love from |
| 1:34.2 | shareholders following yesterday's Investaday event. We each included another |
| 1:37.8 | third master plan on this time the transition to clean energy. Bloomberg's |
| 1:42.2 | John O'Kane joins us now and look it really feels like we sold the news on this. |
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