Its been tough several months for elon musk s firm its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday it reported its First Quarter earnings. Missing expectations on earning and revenue. The company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower priced vehicle from affordable models could be a boon for cash strapped consumers, and a hit worldwide like china and india. Teslas shares soared in
Approved would and the popular Social Media Platform if its chinese owner does not divest Ownership Stake in the app. The senators are currently voting on a number of bills including one that could potentially stop tiktok. The Senate Committee has passed that bill after months of stalemate. Joe biden has previously said that if it reaches his desk, he will sign it. But it may not be so simple. Carl tobias is a Law Professor at the University Of Richmond in virginia. He says a prolonged legal battle to challenge the order will take place. All of the outlets are reporting that the company intends to sue, challenging congress legislation after the president signs it, and will make First Amendment arguments on behalf of consumers. And it would go to the federal Appeals Court in the district of columbia, and then probably be appealed by whoever lost to the United States supreme court. That could take about two years, but if they sue, so thats the situation that we have now. How realistic is
Its been tough several months for elon musk s firm, its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this its been a rocky road for tesla this year. Its been a rocky road for tesla this year. Interest its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday it reported its First Quarter earnings. The company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look to come announced it speeding up the launch of a lower priced vehicle from affordable models models could be a boon
Universities. Hello to you. Republicans, who are in the majority in the us senate, have now rejected three attempts by democrats to obtain documents in President Trumps impeachment trial. Its an early sign of the partisan divide that seems very likely to see mr trump acquitted. Democrats see the refusal to allow new evidence as a cover up. The latest live in a moment but first, heres our north america editor, jon sopel. Hear ye, here ye, here ye, all persons are commanded to keep silent on pain of imprisonment. 1868, 1999 and now 2020, for only the third time in american history, the serjeant at arms tells senators on pain of imprisonment that they must maintain silence and decorum in the trial of a sitting president , the 45th donald] trump. The senate will convene as a court of impeachment. Presiding over it the chiefjustice of the supreme court, john roberts. But all for this being a judicial process, it is really raw politics. The first person to be called was pat cipollone, the se
Hello to you. Republicans, who are in the majority in the us senate, have now rejected three attempts by democrats to obtain documents in President Trumps impeachment trial. Its an early sign of the partisan divide that seems very likely to see mr trump acquitted. Democrats see the refusal to allow new evidence as a cover up. The latest live in a moment, but first heres our north america editor, jon sopel. Hearye, hearye, hearye, all persons are commanded to keep silent on pain of imprisonment. 1868, 1999 and now 2020, for only the third time in american history, the serjeant at arms tells senators on pain of imprisonment that they must maintain silence and decorum in the trial of a sitting president , the 45th donald] trump. The senate will convene as a court of impeachment. Presiding over it the chiefjustice of the supreme court, john roberts. But for all the veneer of this being a judicial process, it is really raw politics. The first person to be called was pat cipollone, the senio