and it's all bits here it is illuminating some of the city's most famous landmarks like the brandenburg gate. i caught a glimpse this morning studying stuff that's it what's has business at the top that makes out. for the. former. joke of the most well known yet. the industry is controlling your thoughts the

great books of the 20th century. present day hoaxes. upgraded. manufacturing ignorance stores may 3rd. tesla is building and delivering more cars than ever before the electric car maker just not up to a record quarterly profit even as the rest of the industry worries about its future so we'll look at why the road ahead could still be a little bumpy. and corporations take a stand against racism and discrimination is it capitalism with a conscience or just a marketing. kristie to be business in berlin welcome to the program. fessler house reporters record production i'm still livery off its electric cars

for the last quarter profits also searched from $16000000.00 a year ago to have a $430000000.00 this time around however safety concerns and gaining competition in the company may not be interest right. from trailblazer to mass market producer analysts are watching closely to see of tesla will successfully make the leap the numbers look good tesla has surpassed expectations with 180000 vehicles sold in the 1st quarter. despite recent setbacks it remains a star on the stock market that $700000000000.00 it's worth more than all the traditional car manufacturers taken together. but the race is nowhere near finished. with a massive expansion strategy the electric automaker is now trying to increase its sales figures

a newly constructed plant and shanghai has already paid for itself every 3rd test is now sold in china. and billions are being pumped into the construction of 2 more plants bigger factories in germany and texas are due to go online this year even so the stablished auto makers are starting to catch up. in europe full smog and find its way to the top spot an electric vehicle sold last year followed by the rendon nissan mitsubishi group well tesla came in 3rd. at the same time established automakers are introducing new models and several start ups joined the frenzy. and accidents have celie pioneer tesla's image the circumstances surrounding a fatal crash in texas have yet to be clarified influential consumer advocacy magazine consumer reports says the autopilot is dangerously flawed.

chinese authorities to accuse the company of poor quality and the protests of a customer who accuses tesla's faulty brakes of causing an accident have gone believe viral on social media. let's get more from this and all this from our voice it shows the delay he tells he could live in the studio so a record a test of it for some reason there's still some disappointment around how come yes we actually have seen the stock selling off a bit and after this report and i think this just illustrates how difficult of a position tesla is really and tesla is so hyped right now their stock rose 700 percent last year they're worth more than the big 3 german automakers volkswagen dialer b.m.w. combined so they have really enormous expectations placed on them so even when they're reporting you know a 75 percent increase in revenue deliveries doubling they still often still often

isn't living up to the market's expectations i think in particular with this report yesterday and vaster is that an analyst are a little bit disappointed that tesla wasn't more specific about their expectations for the coming year they've said they expect. the liberals to rise about 50 percent and this year in the years ahead for any other automaker that would be really a very good good expectations that they're giving the market but for tesla because expectations are so high that isn't really meeting the meeting the market's demands right now. but competition is growing i'm gaining contest expect to be overtaken anytime soon i think this is another thing that investors are increasingly becoming worried about tesla really has put electric vehicles on the map and for a long time they were really the only name in the only name in the game so they have this sort of dominance in the market but now they're not the only vehicle maker anymore you have here in europe volkswagen dime lerner and the u.s. g.m.

ford and vesting billions tens of billions of dollars into electric vehicles and we are starting to see a tesla lose its grip on the market so here in europe tesla the share of the electric vehicle market actually fell to 13 percent last year from 31 percent a year earlier earlier so that's a really enormous job and that's in part because makers like will again are really starting to step up their game in the u.s. they're still worth the their c.e.o. they still account for about 70 percent of the market but they are starting to lose market share so it's they are starting to face a lot of competition just as future plans are contingent on these 2 new plants the building in germany in the united states how they go. well in the u.s. they tesla said yesterday that they do expect this to this factory and texas to open up by the end of the year here in germany there's still a lot of a lot of uncertainty surrounding this plant that they've been building and grown haida it still hasn't gotten final approval from german german officials in part

because of concerns about the environmental impact so that is something that's still very much up in question so he said any thanks for bringing us up to. take a look at some of the other business stories that are making headlines. yes right hailing service lyft has agreed to sell its autonomous driving division to units of japan's toyota $550000000.00 the move follows a similar divestment from last year with ride sharing firms focusing on corporations as they struggle with drawing the coronavirus pandemic. first quarter profits for h.s.b.c. have more than doubled as the bank makes a pivot to focusing on asia for the 1st rose 109 percent to $6400000000.00 although revenues slipped 5 percent in pots because of low interest rates. now before last summer most companies avoided commenting on social

issues that will change so after the killing of george floyd in the black lives matter of protests that followed some multinationals have now taken a clear stand on racial justice. protests against the new voting bill in texas demonstrators say it will suppress minority voters such movements are now even getting the support of corporate america since the black lives matter protests in the summer of 2020 corporate america has been increasingly vocal on the issue of racism and the demand in society as acquiring companies to step up and as a response in our commercial world with. with purpose driven leadership that's coming and preserving capitalism leaders recognize they were in a position of influence but also that there was a demand if they want to tune it their consumers happy with their products and

services last year us from spent almost 3 and a half $1000000000.00 on lobbying lawmakers millions of dollars were also directed to the 2020 election campaign a further blurring of the line between politics and business reflecting a world where customers are demanding more accountability the murder of george. the resulting protests show was that there was increasing expectation and perhaps a redefinition around what it means to be a corporate citizen while u.s. firms grapple with what it means to be a corporate citizen things look different for companies here in europe the corporate response to the black lives matter movement in europe has been muted that's despite evidence of widespread racial discrimination on the continent. i think that corporates have to see really reflect on their practice and

really make sure that they understand that racism racial discrimination is a problem in europe i think for a long time there's been denial all racism 2 markets 2 responses here in europe it remains to be seen whether u.s. firms are setting a trend by responding to calls for racial justice. let's get a view on that from me he's been consulting businesses in various parts of the world including europe over 20 years on diversity of you can't always seeing corporations beyond the united states taking a stand on racial justice like here in the in europe. yes absolutely i mean 1st of all it's important to understand that the european context is quite different from from the u.s. in several respects and legal historic but also regarding the involvement off of corporations in political and societal issues so legally. corporations are expected

to cover $6.00 to $9.00 grounds of discrimination not only in hiring but also development etc so the agenda is really much broader ahead and they are also able to admit systemic buys it's had a raw which is which is gradually happening so but it's important to understand that the the framing him off diversity is a little different and historically i mean almost all european countries have have their historic baggage around around racism and so the framing for for antiracism work and europe it's recommended by a european and to racism organization to call this ethnicity in origin so we wouldn't pacifically speak about race necessarily and in some countries it's even not appropriate so this is also a little different so when you try to read the corporate responses here this has to

be taken into account and then what was said in the and in the short introduction the the line between what companies are doing in a political societal sphere that's been kind of shifted over the past 10 years quite a bit of money due to social media dynamics but also because companies are today taking a very different role in terms of corporate responsibility so they are getting involved and they are interacting with different stakeholders differently so yes i mean there is a there is a big move in this area since 15 years i would say they doing enough now and have we seen a change in those efforts in the past couple of years. yes absolutely i mean do they do enough this is one of the things that that politics and activists have been criticizing over the pa recent is a lot to the extent that sometimes corporations feel that even the the most

supportive allies are actually put off a bit by bike this repeated like it's not enough it's not enough i mean american fans have been applauded for what they've been doing in the field regardless that in some areas we don't see the the big shift that i mean what has happened last year is a sign that that the end to racism hasn't necessarily been shoot impactful that but but back to europe i mean we do see in terms of numbers we see that the amount of companies that are getting involved and diversity and specifically racial equality has risen from some 20 percent. more than 10 years ago to 2 now it's like 90 x. percent you know we do analysis off of who's doing what quite regularly so this is absolutely there but then what was also said is that there is still this blind spot that we see in the private world where a lot of companies say oh we have so many nationalities and we are so multicultural

etc actually i know that's a silly you know silly claims right yeah but we have run out of time on the i'm very sorry to insert thank you very much for joining us on the interview business. thank you that's all from me in the business team here in berlin for more to check out our website dot com just click. on for full that's the promise of the moment chris still mad. about the only ones getting to quit high on the criminal cartels they work internationally and are increasingly brutal we investigate to german boda europe's new friend crystal meth. next.

to. much of the crystal meth that's consumed in germany comes from the czech republic here chick police carrying out a drug raid meth is also produced in other countries. they're flooding the market. in. dutch drug gangs are pushing into the european market filling the gap left by check drug operations that have been busted. it is meet me our small.