Daily Brief Thematic (Sector/Industry): Q124 Tesla & Meta: Compare & Contrast and more

• Tesla had a dismal quarter but Musk told a fairy tale about RoboTaxis and Robots and the markets rejoiced
• Meta had a beat & raise quarter but Zuckerberg told the truth about the fact that it would take time to monetise their AI investments and the markets recoiled
• Markets are on edge and big moves either way can be expected post earnings

• Stocks retreated on Thursday following disappointing US GDP data for Q1, with the Nasdaq Composite down 0.6%
• The world’s largest technology companies soared after hours as stellar results from Microsoft Corp. and Google’s parent Alphabet Inc. provided some relief  
• Toyota to invest $1.4 billion in its Indiana plant to support electrification efforts in the U.S., preparing for the production of a new battery electric SUV

• This note is a weekly curated selection of Chinese news articles and company announcements focused on developers in distress
• We look for their deals, updates, specific project progress news (‘local signals’), as well as relevant local research commentaries about the market
• We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources

• Odd Lots podcast discusses the three body problem as an allegory for US-China tech rivalry
• Discussion on the allegorical interpretations of the three body problem in relation to US-China rivalry in tech, specifically in AI
• Interview with Damien Ma, managing director at Macro Polo, discussing the Global AI Talent Tracker and the importance of tracking AI talent trends

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