700 cars in the Second Quarter cars in the Second Quarter. It is teaming up with panasonic to build a socalled gigafactory. The plant will produce lithium iron batteries, which has been a challenge for tesla. Cory, what is your take on the numbers . Are they good, not so good . Yes. There were some numbers that were good and some numbers that were not good. There were some things that were weird. Lets give tesla credit where credit is due. They showed a revival in sales. The company has seen a decline in sales in a quarter over quarter basis. March quarter going into june, you thought maybe in the early parts of summer they would sell even fewer cars. Tesla saw an increase in the number of cars sold. Se sold about 1200 more model cars, and that meant a 17 quarter over quarter increase. They need to do that. They have had a big target out there for annual sales in terms of units of 35,000. Even the revenues are really hard a lot of times we look at companies and say, look at the number
French company has made a takeover bid. Is offering 15 billion in cash for a state in tmobile which would be financed with debt and equity. It has the support of leading International Banks for this purchase. The news sent shares of tmobile soaring and sprint plunging. Sprint have been pursuing a tmobile. F i spoke with the outspoken Ceo John Legere about sprints deal, listenore the iliad bid, closely to some clues he gives about tmobiles future. In q1 we announced contract earlym, the launch of termination fees and that caused an aggressive spike. Among other things we did today, we raised our guidance for subscribers for the year now saying we will be between 3 million and three point 5 million, evidence we fill our momentum will continue drug the throughout year the rest of the year. You are enabling more customers do have contracts, does that mean they are are buying less expensive phones . And are you selling more low animated low and middle tier phones . Carrierncarrier movement
Particularly into the south and west of the uk, some with hail and thunder. Gusty winds as well, plenty more showers to come into tonight as well, merging at times with western scotland into longer, heavier downpours. There will be some to the east, avoid most of the showers and stay dry with clearer weather here, we will see some of the lower temperatures going into monday morning. Low pressure close by tomorrow morning will be another day of sunshine and showers. These initially into the west, but notice how they do track east during the day. Again, the chance of seeing some hail and thunder, but not a wash out. There will be some sunny spells before and after the showers, still with those fairly gusty winds as well. Average speeds will be getting the gusts around 30 to a0 miles per hour, especially as those showers move through. Temperatures around ten to m degrees across the uk, turning milder to the south later in the week but a fairly wet and at times windy week to come. Goodbye.
Hello and welcome. Were starting some breaking news. South Koreas Samsung electronics chairman lee kun hee has died. Mr lee, who was 78, helped grow his fathers noodle trading business into south koreas biggest conglomerate, with dozens of affiliates stretching from electronics and insurance to shipbuilding and construction. His credited with putting samsung on the global map. By the time he suffered a heart attack in 2014, it was the worlds biggest maker of smartphones and memory chips. It is also a major Global Player in lcd displays. The compa nys overall turnover is equivalent to a fifth of the nations gross domestic product, making it crucial to south koreas economic health. His family, including his son, vice chairman lee jae yong, were at his bedside. Lee was jailed for five years in 2017 after being found guilty of bribery and other offences linked to the former President Park geun hye after being cleared of the most serious charges on appeal and release later. In a statement,
Biggest Electronics Companies has died at the age of 78. Hello and welcome if youre watching in the uk or around the world, and stay with us for the latest news and analysis from here and across the globe. Pressure is mounting on the government over its decision not to fund free meals for Vulnerable Children in england during the school holidays. More than 2000 doctors, including many leading paediatricians, have written an open letter to the Prime Minister, urging him to reverse the decision and backing a campaign led by the Manchester United and england footballer Marcus Rashford. 0ur Political Correspondent nick eardley reports. At old trafford yesterday, Marcus Rashford back at the day job for the goalless draw against chelsea. But theres work off the field campaigning for free meals for schoolchildren over the holidays is getting him just as many headlines. With businesses queueing up to offer meals, and Many Local Councils stepping in, too, he tweeted last night. He also condemne