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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 speedi ....
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 its been a rocky road for tesla this year. Its been a rocky road for tesla this year. Interest 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. The company is anticipating lower deliveries this year ....
Off competition from gulf carriers by booking premium customers. We bring you that interview. Mark hello. Welcome to countdown. Anna a warm welcome to the first hour of the program this friday morning. Overworked and underpaid. Bank of America Merrill lynch is sued by former trainees for failing to pay them over time. We will bring you the latest on that. Mark the fed says all 31 big banks subjected to a stress test at the Capital Requirements necessary to absorb losses during a sharp economic downturn. Anna banks were tested on their ability to survive nine quarters of adverse Economic Conditions including a decline in the stock market and gdp, and the price of oil rising to 110 a barrel. It is the first sign since the fed started stress tests that no firm fell below the main capital thresholds. Here with mo ....
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