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WSJ Tech News Briefing

TNB Tech Minute: Tesla Recalls Most of Its Cybertrucks

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 20 March 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus, venture capital firm Andreesen Horowitz plans a new bio fund but on a smaller scale. And the owner of Chinese e-commerce retailer Temu faces headwinds from competition at home and U.S. tariff threats. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Here's the truth about AI. AI is only as powerful as the platform it's built into. Service Now puts AI to work for people across your business, removing friction and frustration for your employees, supercharging productivity for your developers, providing intelligent tools for your service agents to make customers happier, all built into a single platform you can

0:22.0

use right now. That's why the world works with ServiceNow. Visit ServiceNow.com

0:27.9

slash UK slash AI for people. Here's your TNB Tech Minute for Thursday, March 20th. I'm Victoria

0:35.6

Craig for the Wall Street Journal.

0:43.8

Tesla is recalling more than 46,000 cyber trucks over an issue with an exterior cosmetic panel. The National Highway Traffic Safety Administration said the long, thin panel that runs along the vehicle's windows can detach and pose a road hazard for other drivers.

0:53.6

The recall covers most cyber trucks,

0:55.9

specifically those in the model years 2024 and 2025. Tesla said it wasn't aware of any collisions,

1:02.9

fatalities, or injuries related to the defect, and said it will replace panels for free.

1:08.0

The recall comes as Tesla struggles with its newfound status as a political

1:12.6

lightning rod due to founder Elon Musk's role in the Trump administration. The stock has lost

1:17.7

nearly 40% of its value since the start of the year, thanks to weaker sales, heightened competition,

1:23.1

and what investors have called the brand's increased polarization. Elsewhere, the Wall Street Journal

1:28.6

is exclusively reporting venture capital firm Andresen Horowitz has plans to raise $750 million

1:35.1

for a life science and health care startup fund. That's half what the firm raised for the same

1:40.5

strategy in 2022, reflecting a recalibration by the firm in today's stagnant fundraising

1:46.7

market. Finally, fierce competition in China, President Trump's tariff threats and geopolitical

1:53.1

tensions slowed profit growth for e-commerce giant PDD holdings, the Chinese owner of

1:58.9

bargain app Temu. The company said revenue in the fourth quarter rose 24%, but grew at the slowest pace

2:05.5

in two and a half years.

2:07.4

Its profit also rose at a slower pace than a year ago.

2:10.7

PDD's discount platform in China has taken market share from domestic rivals, Alibaba and

2:16.2

JD.com.

...

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