Will Russia lead on an alternative to the dollar?
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 25 October 2024
⏱️ 11 minutes
🧾️ Download transcript
Summary
Tesla shares leapt 22% after Elon Musk predicted an electric vehicle sales rebound, and Russia’s pitch for a US dollar alternative failed to excite Brics leaders. Plus, a major change to the open source technology model could be coming.
Mentioned in this podcast:
Tesla shares leap 22% after Elon Musk predicts sales rebound
Vladimir Putin’s alternative to ‘weaponised’ dollar fails to excite Brics partners
The bill is coming for tech’s open source free lunch
The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian 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 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | At Aquinore. |
| 0:11.0 | The UK. |
| 0:12.0 | Good morning from the Financial Times. Today is Friday, October 25th, and this is your |
| 0:18.3 | F.T. news briefing. Tesla's stock zoomed higher yesterday and no one's buying in on Russia's plan to |
| 0:26.8 | challenge the dollar's dominance. Plus the open source technology model could be in |
| 0:32.2 | trouble. I'm Sonia Hudson and here's |
| 0:35.0 | the news you need to start your day. Tesla has its charge back. The electric vehicle company's shares left an eye watering 22% on Thursday. |
| 0:57.0 | That's after reporting that its profits last quarter beat analysts estimates. |
| 1:02.0 | It also forecast, quote, |
| 1:03.4 | slight growth in sales this year. |
| 1:06.2 | But CEO Elon Musk really got investors excited |
| 1:09.8 | when he predicted that sales could increase |
| 1:12.3 | by 30% next year. This is all a pretty big |
| 1:16.0 | deal because Tesla's had a few disappointing quarters while global demand for |
| 1:21.1 | EVs has slowed down. |
| 1:23.0 | Musk said this growth will come from cheaper prices and lower interest rates on monthly payment |
| 1:28.5 | plans. Russian President Vladimir Putin has an idea to reduce countries |
| 1:39.2 | dependence on the dollar. It's a new international payments framework that he's been pitching |
| 1:44.4 | at the BRICS summit this week. That's a meeting between countries including |
| 1:48.4 | Brazil, Russia, India, and China. Putin thinks it'll help Russia and other countries work around US sanctions. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.