Tesla. Really difficult water for tesla. Very tesla. Really difficult water for tesla, very road. Tesla. Really difficult water for tesla, very road. We tesla. Really difficult water for tesla, very road. We also tesla. Really difficult water for tesla, very road. We also saw| tesla. Really difficult water for | tesla, very road. We also saw a recall of the cyber track, clearly the price cut they did before a year ago really hasnt stipulated stimulated sales. As it loots, deliveries for 2024 likely to be flat compared to last year. I challenging environment, what is going on is that the market globally, growth is slowing, lots more competition. Particularly from china can make Electric Vehicles are low cost. If china can make Electric Vehicles are lowcost. ,. ,. , ~ lowcost. If people are thinking about making lowcost. If people are thinking about making a lowcost. If people are thinking about making a switch, lowcost. If people are thinking about making a switch, given i lowcost. If people are thinking. About making a switch, given the Cost Of Living crisis, they might think they would like a tesla but cannot afford one, they will go for a cheaper chinese one and the competition is hitting the bottom line. Competition is hitting the bottomline. Competition is hitting the bottomline. ,. � bottomline. Very much so, were seeinu a bottomline. Very much so, were seeing a wave bottomline. Very much so, were seeing a wave of bottomline. Very much so, were seeing a wave of chinese bottomline. Very much so, were seeing a wave of chinese cars seeing a wave of chinese cars arriving, in europe. They are not just cheap, they are also very good quality. If we look at cars like the ey d, good batteries, china has been making electric car for 25 years, they have scale, experience, they can produce at very low cost. That is a massive challenge for tesla. There is a question about teslas strategy because their strategy has been about scale and cost. Can they compete for the chinese . They have been aiming for a cheap 25,000 car, that seems to have been postponed and they seem to be going more into autonomy. And they seem to be going more into autonom. ,. ,. ,. ,. , autonomy. Yes, and investors on that convinced that autonomy. Yes, and investors on that convinced that they autonomy. Yes, and investors on that convinced that they can autonomy. Yes, and investors on that convinced that they can do autonomy. Yes, and investors on that convinced that they can do it. Autonomy. Yes, and investors on that convinced that they can do it. Tesla i convinced that they can do it. Tesla shares down by more than 40 since the start of the year. Do you think a price cut is enough to win Back Confidence of consumers, given there is so much competition and people dont have a lot of money . Exactly, hue cost dont have a lot of money . Exactly, huge cost of dont have a lot of money . Exactly, huge Cost Of Living dont have a lot of money . Exactly, huge Cost Of Living Squeeze dont have a lot of money . Exactly, huge Cost Of Living Squeeze is huge Cost Of Living Squeeze is taking place in many european countries, and the uk in particular. Tesla clearly have to cut prices. For the consumer, Electric Vehicle prices coming down is great, it will encourage take up. But the chinese can go much further, so there is a question about how far tesla can go. Also if they go down the robo taxi rooted that they are saying, which is really propping up their share price, and not sure that will work. What were seeing is the tesla share price in particular being judged as a rather than a Technology Company. Lets talk to erin who is watching this. Today the price cut, investors dont like it, tomorrow the results, doesnt bode well. It dont like it, tomorrow the results, doesnt bode well. Doesnt bode well. It has been a rou h doesnt bode well. It has been a rough year doesnt bode well. It has been a rough year for doesnt bode well. It has been a rough year for tesla, doesnt bode well. It has been a rough year for tesla, as doesnt bode well. It has been a rough year for tesla, as you doesnt bode well. It has been a rough year for tesla, as you pointed out, shares are down more than 40 . As your guest said, there are a few problems that have plagued tesla, one of the major ones that i look at is the competition rising from chinese markets. 0ne is the competition rising from chinese markets. One thing that is interesting is that the market in china is byo de, marketing themselves earlier this year is the biggest car company you have never heard of, but they are really gaining a share and in fact they briefly overtook tesla as the worlds biggest Electric Car Maker before tesla reclaim the title. What is interesting is that byd can control a bigger portion of the supply chain and manufacturing process, and in fact truly a Technology Company that focuses on making the Electric Car Batteries doesnt have to outsource them, that gives them more flexibility to cut prices. That in turn makes other competitors in china and elsewhere including tesla want to drop prices are noted to be competitive. This is happy get that back and forth, agitation in the market, a price war as it gets cold. 0ther Agitation in the market, a price war as it gets cold. Other problems plaguing tesla, the cyber track recall, down on the number of deliveries announced lay offs, and most recent news is that teslas chief executive elon musk is postponing a planned trip to india where he was expected to talk about an increase in footprint and that major market, saying the problems and tesla obligations at tesla were keeping him at home. Keeping him at home. Thank you. Firsttime keeping him at home. Thank you. Firsttime homebuyers keeping him at home. Thank you. Firsttime homebuyers in keeping him at home. Thank you. Firsttime homebuyers in the i keeping him at home. Thank you. | firsttime homebuyers in the uk first time home buyers in the uk after facing the toughest conditions in 70 years, according to a new report by the societies association. It represents lenders and says those buying a first home are increasingly reliant on having two high incomes are getting help from their parents. 0thers are getting help from their parents. Others have been priced out and are stuck in renting from private landlords. There is here from one teacher who rents a property in north east london. They say renting is becoming expensive and she is struggling to qualify for help and affordable home schemes. Aha, struggling to qualify for help and affordable home schemes. As lat struggling to qualify for help and affordable home schemes. A lot more attention in housing, affordable home schemes. A lot more attention in housing, if affordable home schemes. A lot more attention in housing, if you affordable home schemes. A lot more attention in housing, if you have attention in housing, if you have issues and you press hard or not able to pay an increased rent, they know they can get you to leave and they will get someone in tomorrow. Seems to be a narrow window that you have to fit into to be eligible for a lot of these schemes. You also own a lot of these schemes. You also own a small share of quite a pricey property. A small share of quite a pricey ro e. , a small share of quite a Pricey Preperty a small share of quite a pricey roe. , � ,. , ~ a small share of quite a pricey nroe. , i,. ,. , property. One example, lets talk to paul property. One example, lets talk to paul, head property. One example, lets talk to paul. Head of property. One example, lets talk to paul, head of mortgages property. One example, lets talk to paul, head of mortgages and property. One example, lets talk to | paul, head of mortgages and housing at the bsa. Why is this problem persisting, it seems like every time we talk about, to be getting worse . It does, we have known that house prices have been going for many years, we are now at the most expensive since the 1950s, the affordability has stretched, that is due to the price of buying, so raising the deposit and getting the right size mortgage to package, then the cost of owning, that is where things have changed. The increase in Mortgage Interest Rate putting the additional pressure on to First Time Buyers. It additional pressure on to firsttime bu ers. ,. , additional pressure on to firsttime bu ers. ,. , additional pressure on to firsttime buers. Buyers. It is also a supply and demand issue, buyers. It is also a supply and demand issue, as buyers. It is also a supply and demand issue, as always, buyers. It is also a supply and| demand issue, as always, and buyers. It is also a supply and l demand issue, as always, and a buyers. It is also a supply and demand issue, as always, and a lot of politicians from whatever party talk about the uk needing to build more homes time and again, itjust doesnt happen. Why is it so difficult to build their homes we need . It difficult to build their homes we need . , difficult to build their homes we need . , difficult to build their homes we need . , , difficult to build their homes we need . , need . It really is tricky, as you sa , need . It really is tricky, as you say. Every need . It really is tricky, as you say, every prospective need . It really is tricky, as you say, every prospective government says how important it is, building sufficient houses, then invariably installs a revolving Doorfor Housing Ministers to come and go. We have had 14 Housing Ministers in the last 13 years. That short term ism is never going to get the job done. We need a review of the market with policies brought forward by government and an independent chair to make sure that happens and the electorate can hold the government to account. ~. ,. , electorate can hold the government to account. ~. , ~. , to account. When we talk about incentives to account. When we talk about incentives or to account. When we talk about incentives or policy to account. When we talk about incentives or Policy Measures i to account. When we talk about | incentives or Policy Measures to encourage or help First Time Buyers, we see things like help to buy, things like shared ownership schemes, all they seem to do is inflate the price of property, they dont help people get on, theyjust make it more affordable and then they have to paid back later. Thats they have to paid back later. Thats the challenge. They have to paid back later. Thats the challenge, we they have to paid back later. Thats the challenge, we have they have to paid back later. Thats the challenge, we have seen the challenge, we have seen short term and political stance just to get us over the hill, to get people on today, at the expense of future First Time Buyers. The time for those little stance and short term policies has been and gone. We need to start looking at this in the long term to make sure we can support First Time Buyers of today without this disadvantage in the next generation in the future. ~. ,. , , future. What would be the biggest chance future. What would be the biggest change biggest future. What would be the biggest change biggest help future. What would be the biggest change biggest help for future. What would be the biggest change biggest help for firsttime| change biggest help for First Time Buyers . Change biggest help for firsttime bu ers . ,. ,. , buyers . There are two parts, one is housin buyers . There are two parts, one is Housing Supply buyers . There are two parts, one is Housing Supply and buyers . There are two parts, one is Housing Supply and the buyers . There are two parts, one is Housing Supply and the government getting to grips with it. The other thing is since 2008 and the financial crisis, Mortgage Regulation has tipped slightly too far in favour of financial stability, often at the expense of enabling access to homeownership. 2 million fewer Owner OccupiedMortgage Holders in the uk than we had at the peak 20 years ago, were back to those levels of the 1980s and we now have a larger population, so that also needs to change. Interesting, lets see what changes if anything, good to have you with us, thank you. Elsewhere a ban on tiktok and moves a step closer as the House Of Representatives passed a bill effectively prohibiting it, unless its chinese owner sells a state within a year. Fears that the data of millions of American Tiktok users could wind up in chinese hands has driven the us to demand the firm splits from its beijing based parent company. Tiktok says the company is not an agent of china or any other country and points out the firm is 60 owned by global investors. China analyst says the firms position is inconsistent. It seems to me that beijing is trying to have it both ways, it is saying no, we are not chinese, but it is also saying the Chinese Government will not let themselves. Which is it . If it is not a chinese company, if it isjust it . If it is not a chinese company, if it is just an it . If it is not a chinese company, if it isjust an ordinary it . If it is not a chinese company, if it is just an ordinary global media business, then there is no political reason why bytedance should not divest, and if that were to happen, tiktok could continue to be used happily by its 170 million american users. Be used happily by its170 million american users. Be used happily by its 170 million american users. Tiktok says given the number american users. Tiktok says given the number of american users. Tiktok says given the number of users, american users. Tiktok says given the number of users, those american users. Tiktok says given the number of users, those 170 i the number of users, those 170 million, if it was banned, it would trample on free speech. Is that an adamant that is relevant . Hat adamant that is relevant . Not reall. If adamant that is relevant . Not really if you adamant that is relevant . Not really. If you look adamant that is relevant . Not really. If you look at adamant that is relevant . Iirrt really. If you look at where tiktok was banned, very abruptly, which was in india in 2020 after a very violent border clash with china, they had 300 million users in india. And india banned all chinese social media after 20 indian soldiers were killed by chinese troops on the border. It was done very suddenly. What actually happened was, it is not the end of the short video market, because there are options. You can express yourselfjust as well on short reels, on other platforms, and that is what happened in india. There was a slight difference, it was noted that particularly kind of smaller Content Creators had to make a bit of an adjustment, but it is not that there was a ban on short videos, teaches that platform. Was a ban on short videos, teaches that platform was a ban on short videos, teaches that platform. Some other Business Stories. Rail that platform. Some other Business Stories. Rail passengers that platform. Some other Business Stories. Rail passengers in that platform. Some other Business Stories. Rail passengers in the that platform. Some other Business Stories. Rail passengers in the uk are being warned of disruption during the week of the may bank holiday. Drivers announced more strikes are an overtime ban. Start at 16 Chain Companies will take part in rolling one day walk outs between the seventh and the 9th of may, or related to pay and working conditions. 0vertime ban will also take place between the sixth and the 11th of may. The biggest Water Company in the uk, thames water, has asked the regulator to let it raise Consumer Bills by up to 44 over the next five years. They are heavily indebted with about 60 million customers in the Thames Valley and london, they say they want to increase investment in environmental measures. The companys use debts have Led Speculation it could be taken over by the government. The model train maker hornby has blown the situation in the red sea or a drop in sales. The 100 Year Old Company says disruption to shipments through the middle east have delayed deliveries of stock. Hornby reported sales for the first three months of the year were down by 8 on the same period last year. Those are your top Business Stories only on bbc news. Arounds present has met with the pakistani Prime Minister in his first visit since the military strikes in january. First visit since the military strikes injanuary. During his stay, he will also meet pakistans president who was elected in march, spoke about the need for better communication between the two countries. Lets get more from our pakistan correspondent. The iranian a pakistani flags are flattering side by side all across roads throughout islamabad. Both countries want to signal that this visit is about a sign of friendship. Historically the two have had a relatively amicable relationship but backin relatively amicable relationship but Back Injanuary and iran launched a Mi