Tesla’s EVs stall in China

Enthusiasm about artificial intelligence masks a recession in the technology sector, and a new exchange traded fund looks specifically for ‘reject’ stocks. Plus, Google heads back to court over fresh antitrust allegations, and Chinese car buyers ditch Tesla for local alternatives.

Mentioned in this podcast:

AI exuberance masks broad weakness in tech sector, say investors 

Star manager Rob Arnott launches ETF to buy up index ‘rejects’ 

Google’s $20bn ad tech business to play for at next antitrust showdown 

Elon Musk’s China dream stalls as hybrids rush past Tesla 

The FT News Briefing is produced by Niamh Rowe, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Josh Gabert-Doyon, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. 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

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