they won their way in. that is a pretty good investment. do they have a chance in that league, will? will: to the premier league? that is the top. pete: i just read. will: i know you read that. do a quick fact check. you know how english soccer works, rella mitigation. we ll check on that. china on controls the battery arena, with 76 battery ev creation taking place in the communist country. daniel trotter knows a thing or go about cars on my dream car on fox business. good morning. great to be with you. will: this is something we talked about a lot on fox. if you re playing in the ev market, as a manufacturer, a consumer, you are by default behold own to china. by default, you re absolutely right. china has a strong hold because they really got into the game
although they are not blowing out market expectations, the market predicted the delivery levels that are coming out. there levels that are coming out. are ou levels that are coming out. are you raising levels that are coming out. are you raising a levels that are coming out. are you raising a red levels that are coming out. are you raising a red flag about the future? i you raising a red flag about the future? you raising a red flag about the future? ., ., , ., the future? i am raising a red flan the future? i am raising a red flat in the future? i am raising a red flag in terms the future? i am raising a red flag in terms of the future? i am raising a red flag in terms of looking - the future? i am raising a red flag in terms of looking at - the future? i am raising a red| flag in terms of looking at the global competitors, china is the key market that all of these ev producers are going after, it is 60% of global auto share by 2030 a big chunk of that for china, tesla is n
wants to get a big fleet out there of electric vehicles. he wants to be the leader in e v market. everyone sees them and also the leader. as many as you can take as many orders as you can and be the leader there, but you re going to make a little bit less on each car, so that s what shareholders don t like. but for consumers, it means these prices have been going down last year in the first quarter, the average price of one of these cars was about $52,000. after all these price cuts he s put in this quarter. it s about 46,000. he s cut the model three the model. why the model s he just did the sixth round of price cuts for consumers. you re seeing these lower prices come in here, and you also have these tax credits treasury department has, you know has clarified all these rules. and so there s $7500 in tax credit for about 18 different car models for different car brands tesla for gm and volkswagen that are available right now, depending on how much money you make, but these are a bunc
but also unprecedeted choice in the ev market. our asia business reporter, katie silver, is following the story for us. elon musk has this long held goal of 50% annual growth. is he close to achieving it? he is close but not quite there yet. for example, in that particular quarter, only 36% jump particular quarter, only 36% jump so not quite that 50% jump you mentioned. as you say, it is a record number of deliveries but it did miss many analysts s forecast and it has created something of a brouhaha on its feet up with elon musk saying we made our focus but many analysts predicting it would make 430,000 vehicles in the first three months of this year, 7000 more than they did. injanuary, elon musk was saying he wanted to make 2
after failing to find a buyer. the company saw its share price fall by nearly 30% after announcing it would terminate the move. at the same time, cineworld said it had struck a deal with its lenders to restructure its substantial debt and exit bankruptcy. tesla has delivered a record number of vehicles in the first financial quarter after slashing prices. the ev company saw its sales rise by 36%, after two price cuts aimed at boosting demand. the discounts came at a time when consumers face soaring inflation and higher interest rates, but also unprecedeted choice in the ev market. lecturing the numbers we showed you a little earlier. these are the numbers. the ftse100 bouncing back i was a higher than expected. there s a lot of nervousness about a global slowdown, there s a lot of nervousness about a globalslowdown, but there s a lot of nervousness about a global slowdown, but that is the number we are keeping an eye on today. brent is down to nearly $81; a