Quarter of 2023. Despite that, tesla has reclaimed its position as the worlds biggest seller of battery electric cars after its shipments surpassed those of chinas byd. 0ur correspondent, erin delmore, is in new york. Why are teslas sales falling so sharply . Well, deliveries are reported by tesla, which is how well, deliveries are reported by tesla, which is how we well, deliveries are reported by tesla, which is how we approximate sales. We will hear more on the 23rd of april. Lets talk about some of the challenges we know tesla has faced in the first quarter. First is the red sea conflict, which caused shipping to be diverted, causing delay in Vehicle Parts arriving at factories, resulting in temporary factory shutdowns, particularly one outside of berlin which was hit hard earlier this year. Weve also seen an arson attack at a factory in berlin, causing a temporary pause in production. Back in the us, weaker us demand, mixed reviews for the cyber truck, the latest tesla model, and
In berlin halted production. Higher interest rates, which put up borrowing costs, are also taking a toll and it has an ageing line up of vehicles. But it is the Chinese Market that investors are most worried about. Dan ives from Wedbush Securities blamed rising Ev Competition and a lingering price war for the challenges that the Company Faces in that market. The gloomy outlook, well, its driven teslas stock down roughly 30 since the start of this year. Still one bright spot it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. They could be none of bright spot and that might help tesla and other makers of electric vehicles. Senior minister in the Indian Government in charge of a Transportation Asset the country will have no diesel or petrol vehicles in the future. But the minister didnt give any timeframe to fulfil this ambitious target, the bbc explains how challenging it wou
Coming in at 1. 3 percent in march, down from 2. 5 percent in february. Thats according to the latest data from the british retail consortium. The fall has been driven by lower food prices and more competition between supermarkets. Earlier i spoke to harvir dhillon, whos an economist from the british retail consortium. I began by asking him if the outlook of the data is sustainable. It will be sustainable over the coming months. So, were still expecting to see a quite sharp fall in the Headline Rate of inflation during april, when ofgem thats the Energy Price Regulator when its price cap comes down. So, for the coming months, we should see more Easing Pressure in terms of inflation. Now, whether towards the end of the year that persists still remains open to some uncertainty. Ok, so how is this impacting us in the pocket . So, in terms of how its impacting us, i mean, of course, inflation has eased. Its now the lowest since the end of 2021, which is amazing, but prices are still higher
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