just to remind you of our top story, founder elon musk of tesla is hope forfor more win—win results as on that visit as the beijing auto show gets under way. bye—bye. hello and welcome to sportsday. these are the headlines: an anxious afternoon for arsenal, but they finish the day top of the table, one point ahead of manchester city. carlos alcaraz�*s attempt to win a hat trick of madrid masters titles remains on track as he cruises into the fourth round. and ronnie 0'sullivan is closing in a place in the quarter finals at the world snooker championship, where he's aiming for a record eighth title. hello, welcome to the programme. arsenal held on in a tense match to beat local rivals tottenham hotspur 3—2 and — at the time — moved four points clear at the top of the english premier league table in their north london derby on sunday, but with second—placed manchester city able to close that gap later.

shares of elon musk�*s electric vehicle company tesla surged by more than 15%, after his visit to chinaapple shares also rose ahead of its quarterly results. the bbc�*s michelle fleury has more from new york. for apple and tesla investors the big question is how are they doing in china? elon musk�*s car companyjust got good news on that front. tesla cleared a major hurdle for its full self driving technology in china after years of trying. this is a key moment for the electric car maker. it faces fierce domestic

to the fortunes of elon musk and tesla, it has been a tough couple of weeks. usk blaming crushing issues at tesla which spent the weekend cutting prices for its cars and its driver assistance software. this ahead of earnings you out tomorrow that are expected -- due out tomorrow. a vehicle concept called the robotaxi. for more on today's big take, let's bring in our editor, peter. what is going on at tesla? peter: it is a fascinating question, tom. it has been a wild week at tesla even by elon musk's standards. it started with the job cuts that we saw and that was sent out in a late night email to tesla's global workforce, telling them that 10% of the workforce was going to be cut. we have bad reporting that people were turning up at work for their shift the next day and they did not know whether they had a job or not. in the week we saw -- in the following weeks, we saw the seemingly strategic pivot towards the robotaxi, tense by tesla's board to revive that 56 billion dollars pay package for elon that was struck out by a court in january. friday was a recall

if you are a true believer and a fan of tesla, a fan of the vision for the future from elon musk, a lot to be excited about. >> what about his big fat pay package? >> that was one of the questions top of mind for people yesterday and he was asked about that. he says, on one hand, tesla is on a pathway to creating driverless cars ith or without me, the momentum is here, maybe not as quickly without him but he thinks it is going in that direction. the bigger question that super fans have, what can tesla become beyond that? is it a future with human robots called optimists? the exciting future that he predicts. he is saying, without him, not so sure tesla can do that. the push, the last-minute push, when he can talk to shareholders before they re- approve his package that was struck down by a delaware judge earlier this year, the big financial package, essentially lobbying for that. and a suggestion that, if tesla is making free cash flow, there could be a buyback in the future. the goal of getting 25% control of the company is what he wants and he will stay to do the robots and the ai tha

they said the reasoning behind tesla's because tesla is one of the largest theft auto manufacturers here. they want to send a message and say tesla and elon musk, the founder of tesla, complicit in what's these protesters are saying about in their chance. calling out lot to say about where they they're saying that he is complicit in what is going the goal is right now, though, they want to march from the warm springs bart station down to the tesla headquarters. they say that will hopefully happen. about 20 minutes ago. they said they wanted happen. so it may be the next 10 minutes. we will see them and start to happen. we did. you want organize or say they are waiting for a bus that shot of the people for the people walk that i did ask what are you organizers, how long they're willing to have this protest lasted and he said, however, long it takes and that will be marching along with them to find out what happens when the guns of tesla and hopefully speak to more of the organizers here find out more along with this protest. what's happening here for jack, a juneau, if any of those folks are the same people that were involved in the earlier pro

competition out of china has been one of the key factors, key challenges for elon musk and tesla. out to you? danny: i think just across the range of metrics we were looking at, everything that had fallen in terms of missed estimates. this was not a surprise given what we saw based on weak first-quarter delivery numbers. and so, therefore, way elon musk had been trying to do to turn this ship around on tesla, the fact that they have made the biggest workforce cut ever, and it's also really going to laser in on further cost cuts. that's the most interesting point, aside from this accelerated announcement on low-cost ev production. therefore, better financial standing gory -- going forward. tom: danny lee giving us the context around the tesla earnings. joining us out of beijing. another of the magnificent seven an action later today with meta-reporting first-quarter earnings today. the company's generative ai tools expecting to continue strengthening its position. mehta was ahead on the curve when it comes to building out ai. let's get more from matt bloxham from bloomberg intellig

the boss of tesla, elon musk, meets government officials in beijing. they're discussing the future of us—china relations over electric vehicles. and thousands turn out to celebrate italy's new football champions — inter milan. hello, i'm lewis vaughanjones. we start in the middle east — where the palestinian president says only the us can prevent an israeli attack on rafah, where more than a million have fled. efforts are under way to negotiate a truce between israel and hamas. the us secretary of state is meeting arab leaders to discuss the situation. israel's foreign minister says this is possible if hamas agrees to free its hostages. there's no sign of that happening at this point. a video showing two hostages, including an american, was released on saturday by hamas. in other diplomatic moves, the us secretary of state antony blinken has left for saudi arabia for talks with regional leaders. he and other key players are expected to meet on the sidelines of the world economic forum. and it's reported a hamas delegation will visit cairo on monday for

well, tesla is asking its investors to approve a pay package worth tens of billions of dollars for ceo elon musk. >> it comes just days after tesla laid off 10% of its workforce. scott mcgrew says the timing is terrible. >> the timing, the optics on this is brutal, because most people aren't aware, this is money in the form of tesla stock that musk was promised back a few years ago. long before the most recent layoffs. it was taken away from him after investors sued the company saying the deal was not negotiating properly, and the delaware court agreed, ruling the arrangement was excessive and deeply flawed. the court found that tesla board worked side by side with musk on the details of that bonus, almost advising him instead of negotiating with him on behalf of the shareholders. now, musk is going straight to those shareholders to get his money back. the company is asking shareholders to vote up or down, should those shares be returned to musk. cybertruck owners are worried about their accelerator medals. this points out the decorative cover can get caught in such a way it gets stuck at full t

tesla plant near berlin. amid the crisis, musk had to reduce the cost of cars and fire 10% of his employees. these are the media data according to the staff. as elond will go towards the release of a new tesla model for the robotaxi launch, scheduled for august 8, as this is a lucky one. when several million cars suddenly go from manual to automatic management, this will be the largest increase in the value of a single asset in history. typically, cars are used on average 10-12 hours a week, we see only parked cars all around, but as soon as the cars become self-driving, they can be used 50 more hours a week, this is a fivefold increase in efficiency. it looks as if, after postponing the flight to mars, musk decided to do the right thing. “i don’t want to sit in the ivory tower, i want to be in the thick of the battle. now elon musk has to fight for the australian market. premier albanese calls him an arrogant billionaire on camera. everything is complicated on the african continent; musk's starling company announced that it will be disconnecting ur from satellite services from october 30. officially due to unauthorized resale of equipment, which

largely saturated with new players and incumbents so tesla no longer enjoys that sort of market dominance they once had. quickly, i concerned about elon musk of tesla as the boss's ceo? there was a lot of conversation sometime ago where he bought x and the wrangling legally over x that he was not focused on tesla enough, he was busy with other things. tesla enough, he was busy with other things-— other things. elon musk confirmed _ other things. elon musk confirmed on _ other things. elon musk confirmed on the - other things. elon musk i confirmed on the earnings other things. elon musk - confirmed on the earnings call that he spends the majority of his time at tesla and i think we have seen a very strong management team from tesla that includes times, the ceo who makes the pricing and manufacturing decisions —— coo. i think mr musk is more capable of being the ceo of tesla and meet other business ventures and with x he needs to take more of a net technology role, he is not the ceo of that company, so i think you'll be able to run tesla and tesla will still be able to meet their goals.— will still be able to meet their coats. u, their goal

shares of elon musk�*s electric vehicle company tesla surged by more than 15%, after his visit to chinaapple shares also rose ahead of its quarterly results. the bbc�*s michelle fleury has more from new york. for apple and tesla investors the big question is how are they doing in china? elon musk�*s car companyjust got good news on that front. tesla cleared a major hurdle for its full self driving technology in china after years of trying. this is a key moment for the electric car maker. it faces fierce domestic competition in china along with softer demand. remember, tesla is not just a car company. it is an autonomous driving and robotaxi company with massive amounts of data needed to train its algorithms and fine tune the system. meanwhile, apple has seen iphone sales fall in china and that will be in focus when it reports quarterly results after the us market close on thursday, as will any announcement it makes on artificial intelligence. another stock that has the power to move markets this week is amazon which turns in its report card later today. the tech giant is under under pre

regulators said they are aware of the issue and have not opened a formal investigation. >>> elon musk announced tesla is firing 10% of the workforce due to increased competition. >>> the industry is under a microscope after a series of mishaps. the warning sent to pilots. >>> >>> disturbing revelations from the pilot union. they're reporting a spike in safety and maintenance problems . it is telling pilots to be vigilant. the concerns are spelled out in a memo attained by cbs news. >> a type of incident among a host of concerns brought to executives. >> the spokesman. >> slow down and take your time. they are starting to increase. that includes tools and wheel wells. >> to pilots association said it was found last month. maintenance discovered other tools inside the wheel well and noted there were no open actions at the time. >>> competitor united is undergoing an audit after a series of incidents. american said the robust safety program is guided by industry-leading safety management system, including collaborative programs and regular touch points with the faa and all of our unions to further bolst

of soaring tea and coffee prices. hello. i'm sally bundock with all your latest business news. we start in beijing where tesla boss elon musk landed on sunday on something of a surprise visit. in his second trip in less than a year, the tech billionaire met with china's number two official, premier li qiang, who is reported to have described tesla's business in the country as a "successful example" of economic cooperation. mr musk said tesla is looking for "more win—win results". he's expected to be making the case for the enabling of a self—driving feature on tesla cars in china as the electric car giant faces falling sales and increased local competition. for more on this, we can go live to our china correspondent stephen mcdonell in beijing. it was quite a few are when he arrived. he wasn't expected and he showed up in china. figs arrived. he wasn't expected and he showed up in china. $5 a arrived. he wasn't expected and he showed up in china.- he showed up in china. as a bit of a mystery — he showed up in china. as a bit of a mystery as _ he showed up in china. as a bit of a mystery as to _ he showed up in china. as a bi

of late. tesla founder elon musk is hopefulfor more "win—win results" as he makes a surprise visit to china. met with chinese officials, including the premier. mr musk is expected to make a case for the enabling of a self—driving feature on its cars. the visit comesjust a week after mr musk cancelled a trip to india, citing "very heavy "tesla obligations".

of elon musk for the trajectory of tbilisi and future revenue. something he is trying to get fixed pretty quickly. —— trajectory of tesla. eat question. it depends on who you ask a lot of investors would like to see mosque and tesla focus on new and affordable tesla models coming up but a lot of people believe he has become a little bored with the card game and focused on autonomy and artificial intelligence and unlocking the key to self driving. that is what he�*s trying to do here. as for how china sees it, who knows. given how they have rolled out red carpet for him for this visit, it is possible they will reach some sort of agreement that will allow him to meet what he is after here in china. what challanges is tesla facing in china, they have ambitions for their own ev makers like byd among others. first and foremost, on the most recent earnings call of test like musk was adamant he sees the future company of robo taxis, self driving and full autonomy. he is down on the idea that car should have steering wheels that are, they should be autonomous. in order to do this he says he can train ai from all the data tesla ca

tesla. they are laying off more than 10% of its workforce. >> good morning, frances. a memo seen by cnbc was sent by elon musk. fter review of the organization, tesla would reduce head count by more than 10% globally. that's around 14,000 jobs. according to the memo, tesla had to look at every aspect of the company for cost reductions and increase productivity to prepare for its next phase of growth. the news comes as tesla is facing tougher competition, particularly from chinese ev makers as well as softer demand. the news also comes after tesla missed expectations in terms of sales for the first quarter. the first fall in sales since the height of the pandemic four years ago. and the tesla shares were down 5% yesterday off the back of the news. now on to smartphones. samsung has regained its spot as top phone maker after losing it to apple last year, according to data from research from idc. apple smartphone shipments dropped around 10% globally compared to last year. that's the biggest drop in iphone sales with all the supply chain problems in that period. apple now has a 17% market share against around 20%

elon musk needs to address. it's the lack of detail. but some detail in fact. the fact that elon musk tesla will be putting forward a low cost ev set of affordable models as early as next year rather than the back end of 2025. that brings forward the potential growth story for tesla . that's important because of what tesla is facing. low velo growth going forward. it doesn't have a lot of products out there that will help scale and drive its revenue. particularly because it does have a kind of model base that is thin, getting older, not as refreshed as much. so far it is behind on peers, not just in the u.s. where the ev market is slowly growing but stalling in china where the world's biggest auto market and ev market is. it's on a tear and fighting for competition. tesla has been trying to drive its performance through price cuts but it has been struggling a little bit. this is why the affordable model is to try to drive some of that momentum back into stock in particular. >> the market was braced for a horrible quarter and a horrible quarter we got. we still saw the stock rising very aggr

of late. tesla founder elon musk is hopefulfor more "win—win results" as he makes a surprise visit to china. lcome to asia business report. i'm steve lai. tesla's chief executive elon musk says he hopes to deepen relations with china to have more win—win results. the comments came after he made an unannounced visit to the country when he has met the chinese premier. he has met with chinese officials, including the premier. mr musk is expected to make a case for the enabling of a self—driving feature on its cars among other priorities. he cancelled a troop to india earlier this month, citing heavy obligations. the visit comesjust a week after mr musk cancelled a trip to india, citing

elon musk today, speaking of tesla, in overtime, on x, the car business is tough, which is why he said. stock is down 42% year to date. they will continue price cuts, when they think they are done, they are not done. the direction of the company weighing on shares. what was once a very important earnings report for the overall growth rate. now as the market cap has come down and been kind half, basically, it does not feel like it holds that degree of importance. >> that is a very good point. certainly, for sentiment, tesla represents hypergrowth trade of years past. the unfortunate truth that is being found out now is that it is a car company. when i say that, their hair stands on end. when you're a car company, you have a lot that costs. how do you do that when the ev business is in a bad spot here, lower prices. that is not good for overall earnings. that covers the cost of running a factory. what about full self driving? everyone has got it. it is not specific to tesla. >> they are the first mover and market leader in some respects. it is a little over-the-top to be dismissive of th

interesting earnings announcement from tesla this week as their stock has slid more than 40% this year as a result of slumping sales and the announcement from elon muskt maybe we will not do a low-cost vehicle after all and focus will shift to robotaxis. a people -- upheaval at tesla at the moment but early going in the asia-pacific. i am a first managing deputy director says the potential for oil price stock will be problematic for the global economy. they discussed the outlook for u.s. interest rates at the imf spring meetings. >> this is a risk we worry about. if there is a serious escalation, a much wider escalation than so far, we could have a severe shock we are not there yet. oil prices went up some but then came back down. we have excess capacity in saudi arabia. non-opec countries putting more oil on the market. there are other saw -- supplies sources to buffer shocks but if there is a large-scale escalation in the middle east, it is a problem. going up $100 a barrel would be problematic. even going from here to $100 a barrel would be problematic's or countries who are still trying to bring inflation back down to target. >> the imf has talke

. >>> thousands of bay area jobs are on the chopping block at tesla. ceo, elon musknounced last week that tesla is pushing 10% of its global workforce. we are now learning that includes more than 2200 jobs in fremont. and another 480 jobs people will be laid off in palo alto. tesla will begin illuminating those jobs in june. the news comes as tesla released its earnings report this afternoon. the company reported a 9% drop in revenue. its biggest decline, since 2012. tesla shares have also plummeted more than 1% this year. >>> new at 11:00, just when you think you have seen gas prices as high as they can go, one local station is giving drivers some extreme sticker shock. take a look. this is the chevron in menlo park, charging more than seven dollars a gallon for regular. $7.69 right there as well. that is at least a dollar more than stations nearby, and well above the state average of $5.42. so, why such a dramatic variation in pricing? aaa says gas stations set their own prices and a lot depends on when they by their gas. >> if their parent company were the individ

shares of elon musk�*s electric vehicle company tesla surged by more than 15 percent, after his visito china. apple shares also rose ahead of its quarterly results. the bbc�*s michelle fleury has more from new york. make the big question is how doing in china, the company just got some good news on that front and tesla cleared a major hurdle fruits of driving technology in china after years of trying. this is a key moment for the electric car maker facing fierce domestic competition along with slighter demand. this is notjust a car company, it is not time the striving of rubble taxi company with massive amounts of data to train its algorithms and fine—tune the systems. meanwhile, apple has got an iphone sales for china and i'll be in focus and albion focused new reports on quarterly results after the us market close on thursday and after that, intelligence. another stocked as the power to move markets is amazon which its reports later on today, the tech giant is under pressure and offers a dividend, it is now the only big tech firm that doesn't offer this is out of the bed did it last

will be relocated to temporary units during the construction of the supreme court, is refusing to take a case brought by elon musk. tesla's get rid of his so-called twitter. sitter musk agreed to allow his tweets about tesla be vetted by a lawyer ahead of time. now, that agreement was part of a settlement with the securities and exchange commission, the sec ruled musk had posted falsehoods about tesla that affected the stock price. musk agreed to the legal babysitter, but later challenged it in court. well, a deadline to cancel your student loan debt is quickly approaching and it arrives at midnight tomorrow. so here is what you need to know. in order to be considered, you're going to have to consolidate your loans by tomorrow. types of loans. we're talking about here. commercially held federal family education loans, parent plus loans, perkins loans and health education assistant loans. people who missed that deadline may still receive some credit once they do consolidate their loans, but the white house is urging everyone to act now. well, speaking of school graduation season is nearly upon us, and 15 bay area students

elon musk�*s company has also been grappling with a declining sales and a price war in the large auto market china. tesla will report quarterly results later this week. speaking ofs upcoming trip to india where he was due to meet the prime minister. he cited his obligations at tesla is cause for the delay but noted he is looking forward to visiting the country later this year. that is a story we will follow closely here and in the meantime i will see you again at the same time tomorrow. hello and welcome to sportsday. i'm lizzie greenwood—hughes. the headlines tonight: manchester united survive one of the greatest fa cup comebacks ever. jude bellingham scores a late winner for real madrid in a classic el classico. and it's a world record—breaking london marathon for kenya's peres jepchirchir. also coming up on sportsday: find out why kaspar ruud takes a dip, fully clothed in barcelona. lots of sport for you we're starting with an extraordinary game of football at wembley stadium today where manchester united survived one of the greatest fa cup comebacks to reach the final. they beat the championship side, coventry city, on penalties but only after first throwing

the boss of tesla, elon musk, meets government officials in beijing. es. and thousands turn out to celebrate italy's new football champions — inter milan. hello, i'm lewis vaughanjones. we start in the middle east — where the palestinian president says only the us can prevent an israeli attack on rafah, where more than a million have fled. efforts are under way to negotiate a truce between israel and hamas. the us secretary of state is meeting arab leaders to discuss the situation.

of vehicles they have coming out. that's what i would be doing. i finally turned to advertising if i were tesla. >> john, one of the big stories when elon musk and teslae war was how long would investors be okay for tesla to sacrifice margin to chase market share. where are we now? is the market fed up or do they think the lower margins will be here for longer than perhaps was first anticipated? >> you know, i can go on what analysts have it. this is kind of hard to swallow when you think about the earning ra ratio. the eps growth for 2024 is 7%. that incorporates an operating margin in the 8% and 9% and not 17% area. if you have a 17% eps for 2024, the only way out of the story is the eps growth rate that tracks the margin in 2025 and you get up to 15% or 17% maybe. if that is the case, you are way under selling what your price earnings ratio. they are trying so hard with the full self drive and trying to get the story back they are a technology leader and a.i. leader. they are trying to justify the fee. frankly, i don't think the market is buying it. the story here is bear/bull wise, does tesla get the market to believe the technology story or belie

of course google and amazon have made in recent months as well. caroline: let's take on all things elon musk for a moment. it is time for tesla and here with us for more, max, doing it again. they did it in the previous earnings and they were all sorts of fun things that you have to shout bingo whether he is saying union, whether he sang tesla is an ai company. this time i am pretty sure robotaxi is going to be one of the keywords. >> robotaxi is there. we got a few others. we've got horse up there, i believe it is in reference to the fact that elon said owning a non-robotaxi would be like owning a horse in 15 years. we will see if he says that on the earnings call. obviously this is a huge earnings day for tesla, and a lot of dark news going on that we are trying to keep it light. ed: i think we should be honest with the audience that you and i have come in for a bit of stick on social media about some of the selections we made. that's ok. this is specifics status earnings call. you and i have been trying to guess the likely outcome, the row. your thinking right now, please? max: you got to look at the central square, the fr

tesla. elon musk was making fun of their rowbotics last week. eeds to focus on selling cars. >> it is a car company, not a software company that makes cars. you say it is firmly a car company. i want to get to other headlines. laying off 10% of the work force last week and shares down 10%. now, deciding to postpone the trip to india. what do you make of those? it seems like signs of trouble. things are not going musk's way. >> the head count reduction is reactionary. this shows they were not anticipating this year to be as difficult as it is because the last several years, they had been adding a few people. 10% is a big cut. india, you know, there were strategic bungles the last decade and not going to india or pushing with the mini car or model 2. that was on the table in 2019 and i'm hearing they had a bunch of reasons, but it was a strategic bungle. india is an essential market. that is a challenge for tesla. how do you get a china-like supply chain in india? you have to build it. it will take years. >> you are saying skipping the trip is a bi

tesla is no longer the fastest growing electric vehicle manufacturer worldwide. there has been the pausing of elon musk's compensation package. there have been decreases in revenue due to price cuts. overall, it was not a very good quarter. >> early on, remember when we saw those long lines for teslas? people were waiting for years just to get their hands on one. now it seems like it is coming down to earth. what are the main factors here? are there more options of other ev cars? >> that does certainly play a role. another factor is that the people that have waited in line to get an electric vehicle now do have one. there is a certain degree of market saturation as well. there is also, as we have seen in the previous report, we have seen that there are concerns about range. there are concerns about the charging infrastructure. i do believe that all of this is a factor in this led to the price cuts which indicates that the consumers are not as interested as they were previously for paying that much for these types of cars. >> let's talk about the layoffs here . we are talking about thousands of employees

ed: it's specific to tesla and elon musk. we got white a lot ofack on the big tech about the use of the word chaos. it is chaos internally. these were deep layoffs that were staggered over seven days. people believe they were safe and then found out last night they are not. investors at the heart of their thesis, a single cheap ev was everything but that's not happening anymore. for others, they price the stock-based on only robotaxi away from legacy wall street. those are considerations the other automakers don't have to think about. they are just trying to convert from combustion engine to ev on the one wildcard as elon musk himself. my understanding is that he will come back to paying attention to tesla and look at what's happened in the first three months of the year and said no, we are doing a different way, my way. sonali: we thank you so much for your time, don't miss his story on bloomberg.com and the terminal. tesla one of the worst performers on the s&p 500 this year so far. coming up next, we will talk about goldman sachs exiting robo i

of soaring tea and coffee prices. hello. i'm sally bundock with all your latest business news. we start in beijing where tesla boss elon muska's number two official, premier li qiang, who is reported to have described tesla's business in the country as a "successful example" of economic cooperation. mr musk said tesla is looking for "more win—win results".

shares of elon musk�*s electric vehicle company tesla surged by more than 15%, after his visit to chinas how are they doing in china? elon musk�*s car companyjust got good news on that front. tesla cleared a major hurdle for its full self driving technology in china after years of trying. this is a key moment for the electric car maker. it faces fierce domestic competition in china along with softer demand.

of them were not from the university at all. will opponent reporting from washington there. —— will vernon reporting. tesla chief, elon muskng the tech entrepreneur is there on invitation, for the promotion of international trade. it's understood he will meet officials to discuss data and technology relating to electric vehicles. tesla has been facing a price war with chinese brands in the electric vehicle market. it has recently said it will lay—off 10% of its global workforce. let's speak to our business reprorter david waddell reporter david waddell in the newsroom. mr musk is trying to sell his company's full of self driving software to users and it is available in the us and in canada and chinese users want to see it rods out there too and elon musk says it will be available soon but it is not quite yet they're in that market. why is that? here is the rub, tesla's fleet of self driving cars is stuck in shanghai and is apparently not able to be transferred to the us and elon musk need access to that data in order to create a safe product for the chinese market and that is the problem elon musk is trying to navigate wit

reuters" reports that polling by the firm caliber found a significant number of tesla buyers are turned off by the behavior of elon musk who has railed lately against diversity and inclusion. the percentage of people that trust the tesla brand at 31% down from highs of 70%. now, tesla still an innovative company with popular cars. the model y second best selling car in america according to kelly blue book and the best selling car in california. in fact, one out of every eight cars sold in the state every month is a tesla. back to you. >> thanks a lot, scott. i see them on the roads definitely. >>> well, april is stress awareness month. and a recent study found that people between the ages of 18 to 34 have the highest stress levels. according to the american psychological association, 82% say significant sources of stress for them were health related. 82% also said that money was a big source of stress, the economy and housing costs are also top stressors. now, we talked to a stress doctor who says breathing is a key tool to help manage your stress. >> when you breathe in, your heart rate increases. and when you breathe

. >>> tesla is cutting more than 10,000 jobs worldwide. 10% of its work force. ceo elon muskced the change in a memo. tesla has been struggling in recent months with fewer than expected deliveries and a falling stock price. right now it is not clear how many of the job cuts will come from here in the bay area. >>> after two decades of operations, abbott labs will be closing their doors. company says the decision was difficult but necessary to cut costs. abbott labs is best known for its short meal replacements and its similac infant formula. >>> we need a reason to smile and jeff is the perfect person to pick up this workweek. >>> the thing that's sparking off changes is high pressure building in from the south. moving that storm track off to the north. not only dry tomorrow but we're going to see a substantial heat up . we get you more details in that microclimate forecast. i do see a chance here as we head into tomorrow. patchy fog moving in. we're going to be back down in the 40s here. 46 over the south bay. 45 in the tri valley and 40s here for most areas except for san f

of late. tesla founder elon musk is hopefulfor more "win—win results" as he makes a surprise visit to china. in—win results with china. the comments came after he made an unannounced visit to the country when he has met the chinese premier. mr musk is expected to make a case for the enabling of a self—driving feature on its cars. he cancelled a troop to india earlier this month, citing heavy obligations. our business reporter david waddell has more. here�*s mr musk�*s challenge. he�*s trying to sell tesla�*s full self—driving software to more users, to more drivers. that�*s the software that enables vehicles to drive

that's in terms of elon musk and tesla and it comes down to, do you invest in the hope of capital expenditures, promises, of shooting high or do you focus on the dollars and cents? how much money are they bringing in? >> you invest in credibility. that is what we have to do and that's why we go in and meet the ceo and look at them in the i and say what do you think you are going to deliver and what can i metric you on? that's something the ceo has the right to tell us. these are the things i'm focused on i will deliver. if you have longevity as a ceo and longevity here is a relative term, i can use your history as a guide, did you deliver last time on the promises you made? it's not necessarily hope but it's about having that conversation with the people that matter and understanding what those metrics are in them we go out and try to inform that mosaic of those metrics and whether they can deliver. lisa: have earnings fully trump the bond market at a time when we're seeing with soap moves in yields appear to influence stocks even if you say they don't? >> when we have an environment where inf

it will be notably lower in the words of tesla though, elon musk did say, frank, during the conferencel, that they do expect deliveries this year to increase compared to last year. last year the delivery total was 1.8 million vehicles frank? >> i've got another big question for you. we had a guest earlier who said he believes it can get to level four, a step below level 5 how realistic is the idea of a robo taxi any time in the near future you've been one of the most educated and sobering voices on this. >> on paper it makes a lot of sense and opens up the possibility for driving much greater growth and profit on paper. the question becomes how realistic is it that tesla's technology, which is vision-based, camera-based, and using the camera technology that tesla has developed, how quickly can that come to market? they say it can happen very quickly. my guess is when they give us the robo taxi unveil in august, they will likely put out some type of a timeline out there, i don't know, '26, '27, '28 where they start to put this in geo-fenced areas those are driverless vehicles but it's i

of the sales growth for. >> tesla has announced aggressive price cuts because of the slump in sales. the tesla model y, x will now sell for $2000 less. elon musk model y will cost after a federal rebate and gas savings. >>> millions of salaried employees will be eligible for overtime pay. the biden administration now said starting july 1, certain salaried workers who make less than $44,000 a year will be entitled to overtime pay. in 2025, that cap will rise to more than $58,000. new rules expand the eligibility for highly compensated workers making up to $151,000. >>> president biden signed a $95 billion aid package for ukraine, israel and taiwan but included in the legislation, the potential tiktok ban. the metro gives bytedance, the chinese company that owns tiktok, nine months to sell the app or it will be banned in the u.s. the company can also get a 90 day extension if it is clear the owners are making progress toward a sale. tiktok says it will challenge the ban in court. as for the foreign aid, $61 billion will go toward military systems for ukraine, $26 billion is for israel but $1 billion is for humanitarian aid in gaza and $8 billion

shares of elon musk�*s electric vehicle company tesla surged by more than 15%, after his visit to chinare from new york. for apple and haslar investors the big question is how are they doing in china? elon musk�*s car companyjust got musk�*s car company just got good musk�*s car companyjust got good news on that front. haslar cleared a major hurdle for its full self driving technology in china after years of trying. this is a key moment for the electric car

tesla. byd has handed back the title of world's biggest ev seller to elon musk�*s company. after china's biggest electric vehicle maker, reported a 43% fall in first quarter sales compared to same the same period last year. tesla taking back the sales crown shows its global clout will not be easily challenged, especially as both companies expect a slowdown in chinese ev sales growth this year. intel shares are down nearly 3.8%. it comes after the chip—maker disclosed a deepening operational or operating losses for its business. intel said the manufacturing unit had a $7 billion in operating losses for 2023. steeper losses than the 5.2 billion in operating losses the year before. it's a blow to the year before. it's a blow to the us chip—maker as it tries to regain a technology lead it lost in recent years to taiwan semiconductor manufacturing. staying with the tech sector. the start of the year has seen more lay—offs announced at a number of major tech companies including google, microsoft and snap but workers finding themselves unemployed could look to asia for new opportu

at noon, hundreds of workers at tesla are facing a new round of layoffs. tesla ceo elon musk today announced the company is cutting about 500 more jobs. they include the company's entire supercharger team and workers from tesla's new vehicles program. musk says the layoffs are part of a cost cutting move. they follow recent layoffs of about 14,000 tesla workers, at least 10% of the company's workforce now to health news. a federal panel is recommending women be screened for breast cancer starting at the age of 40. the preventative services task force cites rising cases of breast cancer as the reason for the change rates among women under the age of 50 went up 10% in recent years. previously the recommendations called for regular mammogram screenings starting at the age of 50. >> a teenager killed in a sword attack. the dramatic scene that unfolded in london as authorities try to piece together their investigation. plus, this dozens across the midwest now bracing for more storms after deadly tornadoes, have already devastated the region. >> i'm nicole valdez in elkhorn, nebras

a lot of folks wondering what will elon musk say in terms of trying to reinvigorate enthusiasm for teslaup 2.75%. microsoft and alphabet. meta and microsoft, alphabet, to some degree on earnings very solid growth. meta, looking at 66% year-over-year growth for earnings. let's put all of this strength the last few days into the context of a chart we looked at before. this is the nasdaq 100. you can see the uptrend started to break. this is when the buyers became less confident. the sellers a little stronger. below the 100 day moving average. today, back above it but this area is pretty heavy looking so it will be pretty important to monitor this to see whether or not these bowls can continue -- bulls can continue. i suspect it may not last but let's wait until all the earnings to come out. katie: it will be fun to watch those lines move around potentially over the next two weeks. abigail doolittle, thank you. coming up, global cooperation in infrastructure investment. the president of the asia infrastructure investment bank tells us how banks work together to address issues such as climat

of last week analyst call. you have elon musk actively engaged in the next development with tesla. that was some of the narrative as the stock was trending lower people were saying, where is he? is he fully engaged with this company or is he busy doing a myriad of other things. now you've had two instances, the analyst call as wells over the weekend, it is very clear. he is focused on the growth and development of tesla. i would not call it positive as much as encouraging, that is the tone you have heard from analyst when they have written about this today. >> certainly, the momentum is there. phil and eunice, thank you very much. >>> turning back to the markets which are higher across the board but it is a huge week of earnings with one third of the s&p 500 companies reporting, including tech giant amazon and apple, plus a decision on wednesday and a jobs report on friday but he was more on how to position and what to watch is laura hassell 10. she is also a new place to cnbc. thank you for being here. all the way from colorado. >> thank you for having me. >> obviously, it is a big

it's the latest escalation in a wave of pro—palestinian protests around the country. the tesla boss elon muskal competition from chinese rivals. and a gold pocket watch worn by the wealthiest passenger on the titanic becomes the shipwreck�*s most expensive item ever bought at auction. the timepiece, owned byjothacob astor, sells for more than £1 million. now on bbc news... ten years on, how equal is gay marriage?