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FT News Briefing

Tesla soars on Musk’s potential departure

FT News Briefing

Forhecz Topher

News, News & Politics, Daily News

4.41.2K Ratings

🗓️ 3 April 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Donald Trump launched a barrage of new tariffs on trading partners, and Tesla’s share price jumped on a report that chief executive Elon Musk could be leaving his US government role. Plus, the FT’s Ben Hall explains what’s next for Marie Le Pen now that France’s far-right leader has received a five-year ban from standing in elections. 


Mentioned in this podcast:

Donald Trump escalates global trade war with sweeping tariff blitz

Elon Musk denies role in Trump administration is under pressure

Tesla suffers worst quarter since 2022 as deliveries tumble

French court leaves Marine Le Pen’s political career on the brink


The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Joseph Salcedo. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.


Read a transcript of this episode on FT.com


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

We're Equinor, an energy company searching for better.

0:03.0

Currently, we supply 27% of the UK's gas, 15% of its oil,

0:07.7

and we're playing our part in the UK's energy transition.

0:11.0

Our wind farms power 750,000 homes,

0:14.0

and we expect that to grow to over 7 million.

0:16.5

Last year, we invested 20% of our global growth spend in renewables

0:20.1

and lower carbon solutions.

0:22.0

We plan to increase that to 50% by 2030.

0:25.4

We're an energy company searching for better.

0:28.4

equinore.co.uk.

0:33.5

Good morning from the Financial Times.

0:35.5

Today is Thursday, April 3rd, and this is your FT News briefing.

0:39.9

The U.S. trade war is in full effect, and Tesla's share price had a really strange day yesterday.

0:47.5

Plus, what's next for France's far right now that Marine Le Pen has been banned from elections?

0:53.6

This is a sort of an earthquake which really will potentially shake up French politics in a way few people had envisaged.

1:01.1

I'm Mark Filipino, and here's the news you need to start your day. The U.S. is going to impose big reciprocal tariffs on its major trading partners.

1:19.8

That includes a further 34% levy on China and 20% on the EU.

1:26.3

Chronic trade deficits are no longer merely an economic problem.

1:30.2

They're a national emergency that threatens our security and our very way of life.

1:36.0

President Donald Trump made the announcement yesterday.

1:38.4

He also said the U.S. would impose a 10% tariff on all countries, including the U.K.

1:44.6

Plus, there will be a 25% tariff on all foreign-made cars.

...

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