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
Our integrated review anticipated this and talked about the increasing competition from state based threats and identified these things, but as i said, what is new is the pace and intensity of where we arent seeing these threats emerge, and i commend to everyone the Chatham House speech which talked about this as well where we are seeing these threats. Asjens stoltenberg highlighted, the interconnectedness when you have state supporting each other and working together, that is what we have to recognise has changed. That is why it is important we make the investment and make it now and i believe it is the right thing to do. What was your second question . Inaudible that is the main thing, but the one thing i would point out, because we have been talking a lot about it, we should approach the question from a position of strength and confidence. Ukraine is a good example of that. If you think back a couple of years, and im sure this would be echoed by jens, Special Operation undertook by
The bbc witnessed migrants on several beaches trying to get onto boats to cross the english channel. These are some of the pictures from another attempt just after dawn. The Uk Border Force has brought around 70 migrants, inluding young children, ashore. Of thought there could be around of thought there could be around 300 people. 0ur correspondent Andrew Harding was on the beach where a boat ran aground and left five people dead. Lets take a look at what he witnessed as that ill fated crossing began. Theres a real battle going on on the beach here. Must be more than 100 migrants trying to get to the water. Theyre letting off firecrackers to try and keep the police away from them, but the police are moving in. Theyre trying to stop them from getting to the water. Lets go ahead and see what we can see. You can see the smugglers here. Some of them have sticks. Theyre trying to protect the migrants as they head towards the sea. Lets cross live very briefly to new york, because this is the
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