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- 🚀 China’s Dominance In EVs
🚀 China’s Dominance In EVs
PLUS: Trump's Tariffs on Games, Musk Loses Bid To Reinstate Pay Package
Dear founder, here’s your 3-minute recap (without the fluff):
Zero interest on credit card debt until 2026 - the simple strategy that actually works
China's share of the global electric vehicle market reached 76% in October (More)
Trump's proposed tariffs could significantly increase the prices of gaming consoles like the PS5 Pro and Nintendo Switch 2 (More)
Tesla CEO Elon Musk loses bid to get $56 billion pay package reinstated (More)
New tools, resources, funding updates & job postings
In Partnership
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đź“š Resources
How Redbull turned a $1 Thai medicinal drink into a $9.8B global phenomenon (link)
11 things to analyze from Marc Andreessen’s episode on JRE (link)
How to build a personal brand (link)
16 creative social media ads collected this week (link)
PS. If you’re interested in this AI stuff, you should sign up for our other newsletter - Prompts Daily. It has 100,000+ readers (Executives, VCs, and engineers).
đź’° Funding9fin raises $50M for AI-powered analytics platform for debt capital markets. Baropharm raised $13.5M in pre-IPO funding to advance its pharmacy management platform. | đź’Ľ Job BoardClient Solutions Associate at Hive (US) Machine Learning Engineer at Gusto (Remote) |
đź’Ś Etcetera
Clear credit card debt with 0% interest
25 insanely cool facts about the solar system
8 of the most notorious Ponzi schemes in US history
The 25 most mysterious archaeological finds on Earth
Top 10 wealthiest business families in the world in 2024
The world’s oldest and youngest countries, by median age
These smart birds can count out loud, according to science
Here's how climate change threatens five popular national parks
5 strategies young global leaders use to navigate complex times
Maybe we don’t have to capture so much carbon, study suggests
3 reasons for companies to embrace forest carbon markets in 2024
🗞️ News
China’s Dominance
China's electric vehicle market share has surged to 76% as of October 2024 according to the China Passenger Car Association. This increase is driven by robust domestic demand which has offset challenges posed by western tariffs. From January to October, China sold 14.1 million EVs with 69% of those sales occurring within the country. Despite export difficulties, the Chinese government continues to support local manufacturers through incentives and subsidies.
Trump's Tariffs X Games
Proposed tariffs under President-elect Trump's administration could significantly increase prices for video game consoles. A potential 60 percent tax on imports from China may raise costs for devices like the PS5 and Switch 2 by over $100. The Consumer Technology Association estimates that U.S. consumers could pay an additional $7 billion for consoles if these tariffs are implemented.
Experts warn that such price hikes could drastically reduce sales and shift consumer preferences towards digital gaming options.
Musk Loses Bid
Tesla CEO Elon Musk has lost his attempt to reinstate his $56 billion pay package after a Delaware judge upheld a previous ruling that deemed the compensation plan improperly approved. Chancellor Kathaleen McCormick stated that the process for the pay package was "deeply flawed" and criticized Musk's influence over the board. Tesla plans to appeal the ruling which also included a $345 million attorney fee for the plaintiffs. Despite this setback, Musk's net worth has surged significantly in recent weeks.
That’s it for now!
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