c.e.o. elon musk says the production of tesla's mass market model three sedan won't be affected the company has been grappling with a number of problems including the departure of senior staff and crashes involving self driving cars. a us federal judge has ruled that can buy time warner for eighty five billion dollars the decision came after a six week antitrust trial the government argued the deal was illegal because it would give a t.n.t. the power to withhold h.b.o. and turner channels from smaller pay t.v. rivals the deal will allow eighteen t. to compete with internet companies that dominate digital advertising. spain's economy is on the rebound unemployment is falling and spaniards are spending. davida marquez is an electrical heating supplier and a stoic entrepreneur neither fazed by the turbulence of bragg's it nor the change of government in madrid he's hoping the new administration will press ahead with labor market reforms. there are always two large groups of employees one group is heavily protected and the other has almost no security at all. the highly protected people need to

c.e.o. elon musk says the production of tesla's mass market model three sedan won't be affected the company has been grappling with a number of problems including the departure of senior staff and crashes involving self driving cars. a u.s. federal judge has ruled that can buy time warner for eighty five billion dollars the decision came after a six week antitrust trial the government argued the deal was illegal because it would give aid the power to withhold h.b.o. and turner channels from smaller pay t.v. rivals the deal will allow eighteen t. to compete with internet companies that dominate digital advertising. spain's economy is on the rebound unemployment is falling and spaniards are spending. davida marquez is an electrical heating supplier and a stoic entrepreneur neither fazed by the turbulence of bragg's it nor the change of government in madrid he's hoping the new administration will press ahead with the labor market reforms. there are always two large groups of in the lawyer. group is heavily protected and the other has almost no security at all. the highly protected people need

c.e.o. elon musk wrote what drives us is our mission to accelerate the world transition to sustainable clean energy but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable. that's a lofty mission statement that's certainly come at a cost in its fifteen years of existence tesla has not has not once turned an annual profit but in recent times the situation has worsened the first quarter of this year the company posted more than seven hundred million dollars in losses its worst ever performance that along with other problems like the departure of senior staff and crashes involving electric cars and self driving mode has prompted the company to restructure key to efforts to finally drive a profit is this the top selling model of three cities the plan is to increase production from the current three thousand five hundred a week to five thousand a target is hoping to reach as soon as the end of june. now. we shall see about that the british departure from the e.u. the so-called brags it is far from a done deal the u.k. government was forced int

c.e.o. elon musk is doing his best to steer his company away from the problems artie's alex when hyla bitch joins us with more from toronto alex let's start with the whistle blower things tesla seems to be taking this one pretty seriously am i right and you're absolutely right i mean you get these bumps in the road as we speak you know that happens that some of the employees become disgruntled when they see big changes in a corporation now we don't know if this martin trip the character who's actually being sued who is a loss is that started last week it is actually a disgruntled employee because according to tesla he's clearly what they're calling a whistle blower and he himself is betting he's a whistle blower but he's saying it's for public security the reasons that he does it's now what tesla is accused this gentleman of doing is making false claims to the media about the company itself and about the information he stole specifically and reference to claims about some punctured batteries which he said he was talking about going into cars and also as excess of scrap metal and manufacturi

c.e.o. elon musk says the layoffs when necessary for the company to become profitable the cuts which will see nine percent of workers lose the jobs come as the company grapples to address a number of problems including the posture of serious stuff and crashes and valving that cause most says the production of those mobile three sit down won't be affected. now let's bring in our financial correspondents now them a loan from the frankfurt stock exchange actually no from a tesla shop as i can see. in downtown franks but general want to be hard to meet those already still production targets for the model three with the even smaller star. well he did say that tough i was only going to let go of salaried employees and not the workers that working along the production assembly line won't be affected by the cuts which is good because those production targets are very ambitious indeed he aims to make five thousand of those mass market model three sedans a week up by the end of this month so it's definitely crunch time it's also worth pointing out a long mosque recruitment won't be frozen and that is s

c.e.o. elon musk said the layoffs were necessary for the company to to become profitable to the cuts which will see nine percent of workers lose their jobs come as the company grapples to address a number of problems including the departure of senior staff and crashes involving self arriving cause musk says the production of tesla's must market models three sit down would be wouldn't be affected shares in chinese technology companies that have crashed almost forty percent in its first day of trading in two months return to the markets comes after the firm reached a settlement with u.s. authorities trading was originally set suspended back in april after washington accused the company of violating sanctions against iran and north korea resulting ban on american companies selling parts to put the company's future in question. a federal judge in the u.s. has ruled telecoms giant eighty and can buy a media conglomerate time warner for eighty five billion dollars the decision came after a six week trial and represents a major shake up in the global media and industry the government argued the deal w

c.e.o. elon musk company will scale back a stable of residential solar businesses the corporation bought just two years ago the solar division previously dubbed the solar city will close thirteen facilities across nine u.s. states according to an internal tesla document reviewed by reuters a partnership with home depot which earlier this year we reported where the solar panels were to be sold well also in tesla refused to confirm the location or scale of any cuts meanwhile misc or must space x. adventure has security hundred thirty million dollar contract with the united states air force which will use space x. . as falcon heavy rocket to launch satellites into orbit starting in twenty twenty the falcon heavy boosters give space x. a powerful new service device in its space delivery competition with united launch alliance which has been used by the u.s. military in the past. and in the u.s. delivery news the international brotherhood of teamsters the teamsters have agreed to a new five year contract with united parcel service u.p.s. averting a strike that could have seriously impacted commerc

c.e.o. elon musk is doing his best to steer his company away from the problems artie's alex when hyla bitch joins us with more from toronto alex let's start with the whistle blower things tesla seems to be taking this one pretty seriously am i right and you're absolutely right i mean you get these bumps in the road as we speak you know that happens that some of the employees become disgruntled when they see big changes in a corporation now we don't know if this martin trip the character who's actually being sued it was a lawsuit that started last week it is actually a disgruntled employee because according to tesla he's clearly what they're calling a whistleblower and he himself is betting he's a whistle blower but he's saying it's for public security the reasons that he does it's now what tesla is accused this gentleman of doing is making false claims to the media about the company itself and about the information he stole specifically and reference to claims about some punctured batteries which he said he was talking about going into cars and also as excess of scrap metal and manufacturin

c.e.o. elon musk says layoffs unnecessary for the electric com make it to become profitable the concert which will see nine percent of workers lose their jobs comes the company grapples to address a number of problems including the departure of senior staff and crashes involving self driving cars musk says the production of testers mass market model three sedan won't be a thing. i'll have fifteen minutes of business for you next thank you so very much ben france is doing some damage control after a diplomatic dispute erupted between france and italy when the french president criticized their fellow e.u. member states for closing their ports to a rescue boat carrying hundreds of migrants over the weekend the year for. foreign ministry now has issued a statement confirming that france is committed to cooperate with italy on the contentious issue of migration while today at least changed its own hard line course allowed a vessel carrying more than a nine hundred migrants to dock in sicily to have been rescued off libya's coast and brought on sure i do you tell him coast guard in a wide ranging s

c.e.o. elon musk said no factory workers will lose their jobs and the cuts won't affect the company's ability to meet the production targets for its model three compact cars musk has told child as he expects tesla to make a quarterly profit later this year so only done that twice in fifteen years of doing business. a judge in the u.s. has cleared the way for what could be one of the biggest media takeover deals ever the ruling allows communications giant eighteen t. to buy time warner which owns companies including c.n.n. warner brothers and h.b.o. the federal judge rejected the u.s. government's argument that the eighty five billion dollars takeover would harm competition and cost customers hundreds of millions of dollars more to stream t.v. and movies more than two hundred railway workers have storm the offices of the french state own train operator s.n.c.f. this marks the twenty eight strike day of french railway workers over reforms which will see the end of jobs for life protection automatic annual pay rises and early retirement rights for new employees to the company president macron sa

c.e.o. elon musk says no factory workers will lose their jobs and the cuts when affect the company's ability to meet production targets must told shareholders he expects tester to make a quarterly profit later this year it's only done that twice in fifteen years of doing business. politicians in argentina's lower house of congress will vote on wednesday on whether to legalize abortions a yes vote could send a strong signal in a region where the catholic church has long dominated the debate about reports and on a series. it's been a green wing that has taken over argentina with one demand to decriminalize abortion. an artist who says she had an abortion in a country where you can spend up to four years in prison if found guilty of terminating a pregnancy you need that only money while we meant terminate pregnancies anyway it doesn't matter if it's legal or not our grandmothers did this great grandmothers up till the present day and so the problem is that if the state doesn't take responsibility we're going to continue having young women who are dead you know i didn't tina it is testing made a

c.e.o. elon musk said no factory workers will lose their jobs and the cops won't affect the company's ability to meet the production targets for its model three compact cars muskets told child as he expects tesla to make a quarterly profit later this year so only done that twice in fifteen years of doing business. a judge in the u.s. is cleared the way for what could be one of the biggest media takeover deals ever the ruling allows communications giant eighteen t. to buy time warner which owns companies including c.n.n. warner brothers and h.b.o. the federal judge rejected the u.s. government's argument that the eighty five billion dollars takeover would harm competition and cost customers hundreds of millions of dollars more to stream t.v. and movies. coming out. the video. before the foot. locker. business updates. going places together. business updates. going places to get. the. odd. as for now with some. thank you very much mary i'm one of the final warm up games to have been played ahead of the world cup and the vast system has featured heavily the video assistant referee technology is

c.e.o. satya nadella. coming up, elon musk gave an upbeat outlook for tesla, but did investors buy it?eminder, all episodes of bloomberg technology are livestreaming on twitter. this is bloomberg. ♪ emily: space ask has marked their 11th mission of the year. the falcon nine satellite carried a longtime customer on monday. roughly 30rgeting missions total, up from a record 13 and 2017 and their valuation has climbed to $25 billion, putting it on course to find -- to be the third most valuable venture startup in the united states. meantime, tesla held its annual shareholder meeting and the company faced a's new of toues from production delays the capricious behavior of founder and ceo elon musk. another point of contention, tesla's board and who is on it. tesla's annual shareholder meeting this year is a big one. first off, mounting pressure to shake up the board. an investment group came first, opposing the reelection of three directors. these three directors are up for --lection, as tesla's mind nine-member board shows staggered terms. the largest proxy advisory firm followed suit, urg

elon musk. "bloomberg technology" digs tesla's board and who's on it. the annual shareholder meeting is coming. three directors. antonio gracais, kimbal musk, elon's brother, and james murdoch, c.e.oury fox. these three directors are up for re-election as tesla's nine member board has staggered terms. the largest proxy advisory company went a step further to push a separate proposal to split the role of chairman and chief executive officer. then, there's steve, he's been on leave from tesla's board for over six months. an unusually long time for the director of a public company to be in limbo. he parted ways with his own venture capital firm in november after allegations of misconduct. so why all the pressure on the board? two words -- production delays. tesla has struggled to mass manufacture its model three. delays have strained the company's balance sheet and the stock has suffered as a result. i.s.s. is also concerned that antonio gracias' firm valued management corps provided services to tesla which it was reimbursed up to $30,000, a potential conflict of interest. tesla's board has long john flack for being comprised of some of tesla's closest confidence. their mission requi