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WSJ Tech News Briefing

TNB Tech Minute: Tesla Deliveries Slump but Not as Much as Expected

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 2 July 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, Tools for Humanity, a tech startup founded by Sam Altman, hires its first head of privacy as it faces regulatory scrutiny. And sales of Chinese electric vehicles rally in June. Zoe Thomas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey Prime members, did you know that you could be listening to this show ad-free on Amazon music?

0:05.0

With Amazon Music, you get access to the most ad-free top podcasts.

0:10.0

Avoid the ads and start listening today.

0:13.0

Here's your TnB Tech Minute for Tuesday, July 2nd.

0:19.0

I'm Zoe Thomas for the Wall Street Journal.

0:22.0

Tesla's vehicle sales have slid for a second straight quarter, though not as much as expected,

0:28.0

keeping Tesla ahead of rival BYD as the world's largest seller of EVs.

0:33.0

The company said it delivered just under 444,000 vehicles globally in the three-month period.

0:39.3

That's a 4.8% decline from the same quarter a year ago. It comes as Tesla is contending with

0:45.0

lukewarm demand for its cars and intensifying competition. Sticking with

0:50.2

EVs, Chinese EV makers had robust sales in June.

0:54.2

Sales were helped by government subsidies, tax breaks, and steep discounts

0:58.8

that brought buyers back into showrooms after a sluggish start to the year.

1:02.8

B.Y.D. Neo, Leap Motor, and Zecker all posted sales volume records during the month.

1:09.6

Lee Otto recovered from lackluster numbers early in the year with a 47% on-year rise in vehicles delivered

1:16.9

in June.

1:18.6

And Tools for Humanity has named former ex-executive Damian Curran as chief privacy officer.

1:25.0

Tools for Humanity was founded by Open AI CEO Sam Altman.

1:29.0

The tech startup is facing growing regulatory scrutiny over its world coin venture that scans people's eyes in exchange for cryptocurrency

1:36.8

tokens.

1:37.8

Kiran left his role as chief privacy officer at what was formerly Twitter following Elon Musk's takeover of the platform.

1:45.4

He now faces the task of liaising with regulators globally and addressing their concerns over

...

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