move to the bottom because the pelican elma, that he does is silicon valley, arguably the world's greatest ever player will be lay to rest after the procession in a private ceremony. that's all from me for now. daniel winter will be here after shall break with t w business, and the latest troubles afflicting. tesla found it on most and then there's much more news for you on the website. that's d, w dot com. and of course, bro misprint instagram at d. w. news. i'm all on slack off. thanks for watching the question of the questions about life, the universe and everything. do you know the answer? well, man, give it here. for the, to the answer to almost everything our documentary series with lever

raising and ground breaking, honest kids can go into the after life. are we getting dumber and dumber? how can we feed everyone questions for the present future? emp heads filled with ideas. so get really for the brain update. 40 to the answer to almost everything starts january 15th on d, w. o . test as a stalk drops after a disappointing financial report. what does the future look like? a lot mosques and bottled ca, makeup for get the ex, but view also coming up, job and inflation has fallen more than expected relief from price pressure couldn't come too soon for businesses struggling to make ends meet. in that time again,

d w a 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 had news for a long 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 missed 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 the 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 elan himself. while we can hear more about this from yen quarter, who has more on this from new york? yes. tell us more about the reaction on wall street to tesla's results. it seems that they were quite disappointed. daniel, clearly invest stonewall today. not too heavy 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 delivery, it could still still be on a pretty good to track. but another concern by now is 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, they did lower the price target for tests, 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 are not a good start into the new trading year for the company. yeah, looks like plenty of problems to fix least on investors 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 the risks 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. they are 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, for the year in 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 he has reached out to companies and all that overshadowed his the success of test line, 2022 and put some scratches into the shiny metal of tesla so far. and it's focus

that 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 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 grow beyond the $100000000.00 vehicles

per annum. right. and if tesla would continue to grow with the current rate, it would be around $30000000.00 vehicles per here. and that to be a market share. so to percent, that's not realistic. so i think we see a down scaling now of the off the expectations and also the effect on the stock market. ok, and what is report that, thomas, you has become 2nd in command. what do we know about you just briefly if you can, and why is he being drafted in? you are right. clearly in the past, test lab was very keen to, to, to always, to always foster the nature of the law mascot. the one men rule with all, but we should not forget the tesla is now a company with a rough stuff around 100000 talents. yes. so clearly it needs a functioning, a functioning organization in order to, to run this company profitable and successfully. so talk to is he's with test luck

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 the, as the manager who, who kept take effect to re shanghai open your it cove, it. right. so he's, he's a real and accomplished manager and tom to many people think, oh, is this a chinese not running tesla? i'm to have some very international background. he's chinese bore and he holds a new sealant passport. and he also did his and be at the renowned duke university in the us. so, and 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 that peter fennel there 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 meeting. the companies market value has plummeted. one trillion dollars of the past year, around a 3rd of its value latest losses follow use of production disruptions in china. the 1st shipment of liquefied natural gas has been delivered to one of germany's newly built terminals, the u. s. tanker maria energy arrived at the northern german porterville house half on tuesday, where it shipment of l. n. g will be converted to gas at a special floating terminal. and 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 for 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 small 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, i wish 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 that 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. let's finish one of our yeah, i think it's wonderful and it's not something i take for granted. i am very

grateful and as her uncle yet right now that everything has got more expensive. that's a great gesture from the boss. oh, so ivy's business is good. the order books are full still. no one knows how long that will be the case, especially in times of high energy prices. we are not doing something for 1st. 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 pricing as well. 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. france loudon schlager fears his price as could eventually go up $10.00 fault. he says his simply can't pay his work as a bonus of idaho v enviva. my employee is would have definitely deserved it, of course, out of his picture. but throughout the past year, bakers had to deal with rising costs for everything. so energy,

but also our ingredients and we don't know what the future holds. our prices going up even more. because in and vicky i am at a point where unfortunately i have to delay any kind of bonus payment on indefinitely. and is monmouth thought wished one interesting the employees understand that for which loutish leggers grateful people here know about his troubles, doing the damage. i like the idea of a bonus, but if a company can't pay it, that's okay, $0.02. so for now that 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. my them, i don't off the seminar, in my opinion, the inflation bonus should have been awarded according to salary, which knows at the bottom, getting more because they are going through hard times, better than paying out the same amount to everybody on firm this general. so allows

for certain but for now the company is paying out the bonuses for workers, a silver lining in a hard times. just before we go, a quick reminder of our top business story. tesla solid chef, price for shopping on tuesday after the electric carmakers, vehicle deliveries. i ought to meet ins, best as expectations. and you're up to date with dw business from or of course, from catch us on our website, d, w dot com slash business for me on the team here in ballad. thanks for watching. in a globalized world where everything is connected, all it takes is a score to set things in motion. local hero show out their ideas. can change the world

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