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Live Q&A: Can Australia's Next Government Fix Its Economy?

Live Q&A: Can Australia's Next Government Fix Its Economy?

Bloomberg30-04-2025

As Australians get ready to head to the polls in the country's federal election on May 3, the economy will be at the forefront of many voters' concerns. A housing crisis, high interest rates and cost of living pressures have all contributed to a perfect storm of financial headwinds that the next government will need to calm. In a Live Q&A, Bloomberg's Haidi Stroud-Watts, Michael Heath and Bloomberg Economist James McIntyre discuss the main parties' economic proposals, and whether they can fix the issues. Tune in on Wednesday, April 30 at 2p.m. AEST/ 12:00p.m. HKT/ Tuesday April 29 at 12:00a.m. ET. Bloomberg digital subscribers and Terminal clients have the exclusive opportunity to ask our team live questions. This conversation will be recorded and be made available to listen and share.

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Tesla's Optimus robot VP is leaving the company
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Tesla's Optimus robot VP is leaving the company

The head of Tesla's Optimus humanoid robot program, Milan Kovac, is leaving the company. Kovac said Friday in a post on X that he "had to make the most difficult decision" of his life to leave. "I've been far away from home for too long, and will need to spend more time with family abroad," he wrote. Kovac said that was "the only reason" and that his support for Musk and Tesla is "ironclad." Kovac's departure was first reported Friday by Bloomberg News. The departure comes as Tesla CEO Elon Musk has claimed the company will have "thousands" of Optimus robots operating in its factories by the end of this year. "And we expect to scale Optimus up faster than any product, I think, in history, to get to millions of units per year as soon as possible," Musk said last month. Kovac worked at Tesla for nearly 10 years, with much of that time coming as a top engineer on the Autopilot team. He was tapped to help lead development of Optimus in 2022 and became a vice president overseeing the program in late 2024. "I'm driving the Optimus program (Tesla's humanoid robot) & all its engineering teams," Kovac previously wrote on his LinkedIn profile. "Separately, I'm also driving the engineering teams responsible for all the software foundations & infrastructure common between Optimus and Autopilot." Ashok Elluswamy, the vice president of Tesla's AI software division, will take over the Optimus project, according to Bloomberg. This story has been updated with information from Kovac's X post about his departure.

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