Share

cover art for What damage is Elon Musk doing to Tesla’s shares and sales?

Inside Business with Ciaran Hancock

What damage is Elon Musk doing to Tesla’s shares and sales?

In the first part of this week’s episode of Inside Business, we look at Tesla and the backlash against the vehicle car maker this year because of Elon Musk’s association with Donald Trump.


Sales in Europe have slumped while its share price has shed 24 per cent of its value year to date. That amounts to about $800 billion of market value being wiped out.

In addition, there have been many protests and reports of Tesla’s being vandalised.


To add to the mix, Chinese rivals have also upped their game.


Neil Briscoe is a motoring journalist and writes for the Irish Times. He’s been covering Tesla since the get-go and joined host Ciarán Hancock on the line to discuss the issues affecting the company.


Also on the show, Eoin Burke Kennedy, economics correspondent of The Irish Times, discusses new data on house prices from Daft.ie after it published its latest quarterly report. It doesn’t paint a pretty picture for anyone seeking to buy a home, with house price pressure reaching an eight-year high and the number of second-hand properties available for sale at lowest level since 2007.


Produced by John Casey with JJ Vernon on sound.

More episodes

View all episodes

  • Did the EU have its hands tied before striking a trade deal with the US?

    23:32|
    This week host Ciarán Hancock is joined in studio by economist and Irish Times contributor John FitzGerald. He gives his reaction to the EU-US trade deal that will see a 15% tariff rate on European imports going into the US, a deal that he feels the EU had agreed to with ‘two hands tied behind its back’ on account of its continued reliance on the US when it comes to the war in Ukraine.Also, ahead of Budget 2026 John outlines the need for the Government to stop pumping money into a booming economy and focus on making space for much-needed infrastructure. He feels we are inflating the economy when we should be cutting expenditure or raising taxes, neither of which would be politically popular.Produced by John Casey with JJ Vernon on sound. 
  • How will the updated National Development Plan shape Ireland in years to come?

    35:59|
    This week the Government outlined spending of €200 billion on a National Development Plan stretching over the next decade. In parallel it also set out its stall for this year’s budget, signalling a spending and tax package of €9.5 billion. Joining host Ciarán Hancock in studio to dissect these spending plans and tax cuts against a backdrop of a potential trade war between the US and the EU were Ellen Coyne, political correspondent of The Irish Times, Ferga Kane, EY Ireland’s strategy and transactions team lead, and Cliff Taylor of The Irish Times. They tease out the headline numbers in the National Development Plan, the areas being targeted over the next five years, and the likely impact on future foreign investment.Produced by John Casey with JJ Vernon on sound.
  • David McWilliams on how ‘big incentives’ to build could save Dublin city

    36:51|
    Economist and writer David McWilliams was scathing about the level of dereliction in Dublin city in a recent article in the Irish Times. He suggested tax breaks and other measures to breathe new life back into the capital and to get more people living in the city centre. He joined host Ciarán Hancock to discuss his ideas and how we can learn from the mistakes of the not-too-distant past.Plus, it’s been another busy week on the tariff front with US President Donald Trump sending a letter to the EU threatening higher taxes on European imports into America. Cliff Taylor of the Irish Times has been covering this story and he joined Ciarán to talk through the contents of the letter, potential consequences for Ireland and whether this is yet another ploy by Donald Trump in this drawn-out negotiation with the EU.Produced by John Casey with JJ Vernon on sound.
  • The Juggle: the issues facing women with young children when balancing childcare and their careers

    44:30|
     This week we’re looking at the Juggle that women with young children have to make in Ireland to find a work-life balance.It’s an age-old problem in Ireland with no solution yet in sight. Margaret Ward writes about Work issues each week for the Irish Times as well as running her own consultancy business Clear Eye and she’s written a series of articles on the Juggle in recent weeks.Aideen Finnegan is an audio producer with The Irish Times and the host of the Better with Money podcast. She has two young children, and you’ll hear her tell host Ciarán Hancock about the daily grind she and her husband face to get their kids to creche and school while also commuting to work to earn a living.Both of them offer their clear views on what Government and employers need to do to help young mothers balance their responsibilities at home and in the workplace.Also in this episode of Inside Business, Donald Trump recently got his Big Beautiful Act through Congress, which allows for major cuts in taxation while boosting spending in key areas to support his policies. It will also involve cuts in Medicaid and other assistance offered to the most vulnerable in the US.Keith Duggan joins host Ciarán Hancock on the line from Washington to discuss this and the latest developments in Trump’s tariff threats.Produced by John Casey with JJ Vernon on sound.
  • How the wealthy are buying up land to avoid inheritance tax

    22:03|
    This week we are looking at the phenomenon of the D4 farmer. Not some wealthy entrepreneur herding cattle in Ballsbridge but wealthy individuals buying up farmland around the country as a wheeze to reduce the inheritance tax bills for their children.How does the tax break work? What impact will it have on land prices? And is anything being done to change it?Fiona Reddan of the Irish Times wrote a brilliant article on this last week and she joins host Ciarán Hancock in studio, along with Marty Murphy, who is head of tax at IFAC Ireland, one of the country’s biggest accounting firms with a large number of farmers on its books.Produced by John Casey with JJ Vernon on sound.
  • IATA Director General Willie Walsh on airline profits, air fares and why the Dublin Airport passenger cap makes Ireland a laughing stock

    35:56|
    This week host Ciarán Hancock is joined by Willie Walsh, the director general of IATA, the Geneva-based representative group for the airline industry.Willie will be known to you as the Irish man who was a high-profile chief executive of both Aer Lingus and British Airways.He then became head of IAG, which is the parent group to both of those airlines plus some Spanish carriers, including Iberia.He’s now in charge of IATA, with his contract set to run until 2027.You’ll hear Willie talk about airline profits and whether air fares are likely to go up or down in the near term.He spoke about aviation’s role in reducing harmful carbon emissions and the chances of a climate-friendly biofuel being developed for commercial use.He gives his view on why emerging markets such as India and burgeoning economies in Africa are entitled to grow their airline industries and passenger traffic as they become wealthier.He also expresses his frustrations with the inefficient way air traffic control is managed in Europe.And Willie explains why, in his view, Ireland has become something of a laughing stock on the international stage over the legal battles being fought around the Dublin Airport passenger cap. In his view, this is hindering growth here and jeopardising foreign direct investment. And the 63-year-old talks about his plans for retirement, which could include Italian wine. Produced by John Casey with JJ Vernon on sound.
  • Bobby Healy on why Manna drone delivery could be the ‘biggest technology company in the world for its space’

    01:07:08|
    This week we’re flying high with the Irish drone delivery company Manna.Its founder and chief executive is Bobby Healy, who joined host Ciarán Hancock in studio to discuss what he believes is Manna’s massive growth potential.Set up in 2019, Manna only recently began generating revenues and is yet to turn a profit. It is currently flying nine drones in Dublin 15 and has made more than 170,000 deliveries in Ireland so far.It has another eight drones operating outside Ireland. But that is just the tip of the iceberg.You’ll hear Bobby’s ambitious plans for expansion into the United States and the Nordic countries and how it would need 45,000 drones just to serve the UK market.And he wants to manufacture all of those drones in Ireland.It’s a cash hungry company with plans to raise many millions of dollars from investors but Healy is thinking big and believes Manna can become Ireland’s biggest corporate success story.Of course, not everyone is delighted by having drone deliveries in their areas and Healy addresses some of those complaints in the interview.An engaging entrepreneur, Healy has previously sold three travel tech companies. So, he has form in this space.Produced by John Casey with JJ Vernon on sound.
  • Will rent reform make building apartments viable?

    40:12|
    Conall Mac Coille, chief economist at Bank of Ireland, joins Cliff Taylor and Ciaran Hancock to talk about Irish economic and business news:RPZ reform: will changes to rules for landlords and tenants help bring investment to Ireland IFAC report: why Ireland's corporate tax receipts may be about to boom again. But will it last? Produced in association with EY.
  • How to manage your pension in these volatile times

    37:00|
    Donald Trump’s second term in the White House has seen markets go through a period of extreme volatility, something that has worried many Irish pension holders. How should they react? Should they react at all? And what is the outlook for the rest of this year?Munro O’Dwyer is a partner at PwC Ireland and joins host Cliff Taylor in studio to discuss managing your pension in volatile times. In the second half of this episode of Inside Business, Irish Times Economics Correspondent Eoin Burke-Kennedy looks at why so many companies are pulling back from their pledge to go green and lower carbon emissions.This alarming trend is worrying given the latest analysis by the Environmental Protection Agency that shows that Ireland is going backwards in its attempts to achieve its 2030 greenhouse gas emissions targets.So why the about-face on an issue that affects us all? Is reaching net zero emissions simply not realistic for many companies? Produced by John Casey with JJ Vernon on sound.