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
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 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 models could be a boon
It. I cant bear it. I cant bear it. All the more reason we should go to the pubs regularly. Yeah. Dont need many more reasons to, but let us know your thoughts this morning on all of our talking email us gb our talking points. Email us gb views. Gbnews. Com. But first, views. At gbnews. Com. But first, here the very latest news here is the very latest news with lisa hartle. Good morning. With lisa hartle. Good morning. Its 931. Im lisa hartle in the newsroom. Bbc channel 4 and the newsroom. Bbc channel 4 and Production Company bannau uk have launched internal investigate actions following Sexual Assault allegations against comedian Russell Brand. Against comedian Russell Brand. It comes after four women made separate allegations of Sexual Assault while brand was at the height of his popularity. Assault while brand was at the height of his popularity. The 48 height of his popularity. The 48 year old has been accused of rape and Sexual Assaults between 2006 and 2013. Russell brand denies
Hospital becomes the first in the uk to temporarily run out of critical ca re to temporarily run out of Critical Care capacity for coronavirus patients. Good evening and welcome to bbc news. The government has ordered the shedding of bars, pubs and leisure centres. Many of the places we all visit regularly. It came as the chancellor, rishi sunak, announced a dramatic package of measures to help protect businesses, jobs and the vulnerable. Weve never had state intervention like this in this country before, he said. Rishi sunak said the government would pay up to 80 of peoples wages and thats up toa 80 of peoples wages and thats up to a maximum of £2000 a month for those whose jobs are at risk. And gcioss those whose jobs are at risk. And across the uk, the Prime Minister demanded the immediate shutting down of the vast majority of places where we socialise and exercise. It came as government advisers issued a sobering warning that social distancing measures would need to be in place fo