we're following for you today. families of held our vigil for russian troops killed in one of the deadliest strikes of the war. and ukraine. senior officers are facing mounting criticism over the death of 63 soldiers killed by ukrainian missiles on new year's eve. that's all for me, for now daniel winter will be here after the break with dw business and the latest troubles afflicting. tesla founder, ellen musk, h o for that. i remember there's always much more on our website with a question about life, the universe and everything. do you know the answer? well, man, give it here. the answer to almost everything

our documentary series with lever raising ground breaking on community college the after life. are we getting dumber and dumber? how can we feed everyone? questions for the present in the future app. heads filled with ideas. so get ready for the brain update. 40 to the answer to almost everything starts january 15th on d, w. ah, tesla's stock drops after a disappointing financial report. what does the future look like? that the lord mosques embattled calm makeup forget the ex, but few also coming up. job inflation has fallen more than expected relief from price pressure come too soon for businesses struggling to make ends meet. as that

time again dw business, welcome. tesla's share price has taken a tumble once again. this time dropping 12 percent on the new york stock exchange. it's yet more bad news for ilan mosques, car maker, which had a rough time last year. the value of the company's shares plummeted over 65 percent in 2022. the problem, at least in part, is that the company miss the expectations of investors. tesla sold 1300000 cars last year, more than ever before. but instead of 50 percent sales growth sales increased by only 40 percent compared to the previous year. sale still went up, but investors worry. it could be the early signs of a slow down. meanwhile, reuters reports at a previous boss of teslas chinese operations. tom jew has been promoted to take

care of the company's north american sales plants and distribution. a move that puts him 2nd only to e lawn himself. while we can hear more about this from dns core to who has more on this from new york. yes. tell us more about the reaction of wall street to tesla's results. it seems that they were quite disappointed. daniel, clearly investors stonewall to. we're not too happy. and the same is true for analysts are actually a couple of entities from the big bang. so either downgraded the stock or lower the price to target to for that company. it's not only about deliveries at this point. i mean, as you mentioned, they are historically high. and then with the new plants in berlin and also in texas. deliveries could still still be on a pretty good to track, but another concern by now was actually a profit margin. so we did hear from tesla that in certain cases, say, for example,

offer some incentives so they could care less per car. and that could put a profit, the profit margins under pressure, and that's what was sweetest, focused on at this point. let me take one example from and that is to, isn't that down beat goldman sachs, for example, that did lower the price target for tesla, but they're saying in the long term it still looks pretty good for a test as they might remain being the leader when it comes to the mobility, but clearly at this point, a lot of trouble for tests and not a good start into the new trading year for the company. yeah, looks like plenty of problems to fix, at least on invest as opinion against quarter in new york. thank you very much. peter fennel is vice president of technology at cap gemini, engineering. thank you very much for joining us, peter. test or is facing a multitude of difficulties right now. where do you see the biggest pain points for the company? you, daniel, thank you very much for having me. well, clearly, tesla,

a company that was always had an order of success had a lot of had been in the last 2 years. right. so 1st and foremost, we also had from the press, there was an increasing number of product recall throughout the year. they had the safety investigations from legislators most around their automated driving slash driver assistance systems. there have been a questionable progress and also safety concerns on test last a full self driving vehicle software suite. right. and last but not least, to the year, into the public concerns over ellen musk site activities, namely his, they can twitter his wasting out of questionable political opinions. and last but not least, his other obligations dfcs the other companies and all that overshadow his the success of test line, 2022 and put some scratches into the shiny metal of tesla so far. and let's talk

a split over 60 percent in the past year. could it be that test that was just overvalued in the 1st place? well, clearly i think, you know, the stock market is trading expectations. yeah. and if you, if you listen to the tesla story, revolutionizing mobility, revolutionizing energy markets and also potentially revolutionizing manufacturing in the future. with this up to must robot. well, there are a lot of stories that i would say justify i lation. but in reality, you see that the market has moved on. tesla acted as a catalyst in, in order to bring electric and mobility to the masses. and a lot of competition has scaled up. and also clearly in the next years we will see the tesla is at least for its vehicle operating in a limited market. even if we are very, very bullish,

we will see the that the vehicle market not go beyond the $100000000.00 vehicles per annum. right. and if tesla would continue to grow with the current rate in 20, so it would be around $30000000.00 vehicles per year and that would be a market share. so to percent, that's not realistic. so i think we see a down scaling now of the, of the expectations and also the effect on the stock market. ok, android has report that tom shoe has become 2nd in command. what do we know about you just briefly if you can, and why is he being drafted in you right? clearly in the past test lab was very keen to, to always, to always foster the nature of feeling mask the one men rules. it all, but we should not forget. the tesla is now a company with a rough around $100000.00 talents. yes. so clearly needs a functioning, a functioning organization in order to, to run this company profitable and successfully. so talk to if he's with tesla,

since 2014, right? so he started and he was tasked as, as, as a person to build up the supercharger network in china and very soon became general manager. and then the last year he's been more widely known as that as the manager who, who kept dec effects to re shanghai open your it cove it right. so he sees a real and accomplish manager and tom to many people think, oh, is this a chinese not running tesla? now, on to hasn't bear international background, he's chinese born and he holds a new sealant passport. and he also did his and be at the renown university in the u. s. so in his previous jobs, he worked across the globe even in africa. so i do think that he, he brings the determination and the cultural background in order to make this new task successful. all right, that's a p to fennel they're from cap gemini. thank you very much. thank you very much.

let's shift gears now with some other global business stories making news. apple shares slid nearly 4 percent on tuesday, meaning the company's market value has plummeted. one trillion dollars over the past year, around a 3rd of its value latest losses followed news of production, disruptions, and china. the 1st shipment of liquefied natural gas has been delivered to one of germany's newly built terminals, the u. s. tanka maria energy arrived at the northern german porterville house half on tuesday, where it shipment of ellen g will be converted to gas at a special floating terminal on staying in germany inflation here as fallen more than expected to 9.6 percent. removing some of the pressure on the european central bank to raise rates. now that's good news, some businesses here which have been struggling under price pressure for months. now. the government has tried to ease the burden by introducing a so called inflation bonus. it incentivizes work places to hand bonuses to their

employees, but for some smaller firms, it's simply unaffordable. without workers, the job can't get done. it's a simple truth here at machinery, make a shimmer, and elsewhere when businesses strong. the 49 employees here are rewarded with a quarterly bonus. the past 2 years have gone very well for shimmer. that's why the company has already paid parts of a special inflation bonus to its people. ambrosia are which paid out the 1st $1000.00 euros per employee. we can pay out up to $3000.00 until 2024 american express. it's been a popular measures and i hope word gets around and it might even help us recruiting workers. i not on got school off on fuck, if not, we perform. the workers are excited about their bonus, especially since inflation is hitting every single one of them. less than us one of our yeah, i think it's wonderful and it's not something i take for granted. i'm very grateful

. and i said uncle yet right now that everything has got more expensive. that's a great gesture from the boss of wireless business is good. the order books are full still. no one knows how long that'll be the case, especially in times of high energy prices. we're hoping to do something suffers next. we can only hope that the new year's not going to be too bad, that we can keep our liquidity up. because i'm sure higher energy prices are here to stay. he pricing, it's 80 kilometer south. a small town bakery. the ovens here run on electricity, cussing $50.00 to $60000.00 euros a year. long term contracts have protected the baker from sudden price hikes, but i, it's loud and schlager fears his prices could eventually go up $10.00 fault. he says his simply can't pay his work as a bonus of i'd love the invalid. my employee is would have definitely deserved it. of course, oliver the speaker. but throughout the past year, baker's had to deal with rising costs for everything energy,

but also our ingredients. and we don't know what the future holds us. our price is going up even more sequels than in figler. i am at a point where unfortunately, i have to delay any kind of bonus payment al indefinitely and is monmouth goldfish washington. the employees understand that for which loutish leggers grateful people here know about his troubles, doing it on hand. i like the idea of a bonus, but if a company can't pay, that's okay to send to. so for now, the bakery offers employees a steep discount on the goods they make. however, the boss would have simply preferred government support in form of energy subsidies at the shimmer machineworks, they also see room for improvement by them. i don't off the seminar, in my opinion, the inflation bonus should have been awarded according to salary, which those at the bottom getting more because they're going through hard times,

better than paying out the same amount to everybody on firm is general. so allows for certain but for now the company is paying out to bonuses for workers, a civil lining in a hard times. just before we go, a quick reminder of our top business story. tesla saw at chef high school shopping on tuesday after the electric comic as a vehicle deliveries fail to meet in the best as expectations. and you're up to date with dw business from all of course, from catch us on our website. data dot com slash business for me on the team here in berlin. thanks for watching. 3 to one of their job, making austria floats safe. their task controlled explosions that triggers

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