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Bloomberg Tech

TSMC Jumps and Tesla Falls

Bloomberg Tech

Bloomberg

Business News, News, Tech News

4.470 Ratings

🗓️ 20 April 2023

⏱️ 44 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde breaks down why TSMC shares jumped the most since February despite a global slump in chip demand. Plus, Tesla is risking margins in order to boost sales volume.

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg Live.com slash Green Festival.

0:31.6

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 Edla Loeb. I'm Caroline. I'm Caroline Hyde at Brumberg's World Headquarters in New York.

0:56.5

Ed Lubbler is on assignment.

0:58.2

This is Brumberg Technology.

0:59.2

Coming up, T.S.C shares jump the most since February, despite a global slump in chip demand and warnings

1:05.2

of softness.

1:06.2

But signs of stabilization we discuss.

1:08.6

Tesla risking margins in order to boost sales volumes.

1:11.9

The company has been cutting car prices on a near

1:14.0

monthly basis. And Elon Musk hinted at more cuts to come. And SpaceX is one step

1:19.5

closer to getting humans to Mars after getting its Starship off the ground.

1:23.4

We'll break down the surprise ending to the historic launch.

1:26.6

But first, as always, we check in on these markets.

1:29.5

And as you see, we're actually getting some reprieve to some of the individual movers today.

1:34.0

We wanted to go more broad to start, but I'll go in on the micro for the first and foremost IBM.

...

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