Craft matters in small ways, like how coffee is made or how a wooden table is built piece by piece.
And in not so small ways, like how your money is cared for.
At UBS, we elevate investing to a craft.
We deliver our services with passion, expertise, and meticulous attention to detail.
This is what investing means to UBS.
Not just work, but a craft.
Discover more@ubs.com craft.
The value of investments may fall as well as rise, and you may not get back the amount originally invested.
From the New York Times, I'm Katrin Benhold.
This is the daily today, the story of how China gave Tesla a lifeline that saved the company and how that lifeline has now given China the tools to beat Tesla at its own game.
My colleague Mara Vistandahl explains.
It's Tuesday, April 9.
So, Mara, you've spent the past four months investigating Elon Musk and his ties to China through his company, Tesla.
Tell us why.
Well, a lot of american companies are heavily invested in China, but Tesla is kind of special.
You know, as my colleagues and I started talking to sources, we realized that many people felt that China played a crucial role in rescuing the company at a critical moment when it was on the brink of failure.
And that China helps account for Tesla's success, for making it the most valuable car company in the world today, and for making Elon Musk ultra rich.
That's super intriguing.
So maybe take us back to the beginning.
When does this story start?