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it s been tough several months for elon musk s firm it s been struggling with falling sales because of intense competition from its chinese rivals. we ll have some analysis shortly but first, here s our business correspondent erin delmore. it s 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 tesla s stock. it s 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. te
CompetitionTeslaProfitsEv-giantTiktokBillUsLookHelloBattleUs-congressWay 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 that s the situation that we have now. how
TiktokTeslaCongressBillProfitsWayBattleEv-giantLookUsCourtsCompetition it s been tough several months for elon musk s firm, it s been struggling with falling sales because of intense competition from its chinese rivals. we ll have some analysis shortly but first, here s our business correspondent erin delmore. it s been a rocky road for tesla this it s been a rocky road for tesla this year. it s been a rocky road for tesla this year. interest it s 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 tesla s stock. it s 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
TeslaCompetitionProfitsEv-giantTiktokBillUsWayLookHelloBattleCongress