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 t

lucid air cars, are they hitting tesla or is it still the dominant force in the market >> it is still the company that beat in the ev space we have seen some success in europes still out there ahead of most companies. the challenge for the year is continuing to be the execution bring the factories online we have seen the model s and model x, older vehicles which are older in the tooth and they are refreshing them. they will start delivering in the second quarter that was a $200 million hit because of the way it is playing out. it illustrates the challenges on executing. if they are delayed with the factories, that will go forward into next year and delay the plans. wall street and investors are counting on those sales to propel next year remember, elon is projecting 50% growth into the future >> 50% is a big number elon musk is a guy with big numbers everywhere he seems to keep hitting them. he is going to space he is selling us evs he is digging tunnels underground. who knows? tim higgins of wall street thank you. >> thank you >>> coming up from electric cars to the red hot real estate market can anything pump the brakes on how hot that market has been may

world and chinese companies will dominate the chinese market can tesla continue to dominate in north america and continue to do well in europef volkswagen has other plans but if tesla leads the way on the cost down curve on batteries, they're doing extroid their things there, continue to innovate they could be doing just fine. will they keep $750 billion valuation? time will tell. >> knowing what you know of the company and of the personality of the head that drives it you have laid out the strategic problem and issue for them are they up to and do what you said they need to do which is maintain primacy in north america, two well in europe amidst increased competition and hang on to some share in china what do you think? and then i'll ask you about elon and "saturday night live." >> will tesla continue to execute? they will. they developed a new battery they've put a stake in the ground and said they're takes costs down 50% but so is volkswagen and had the playing field to themselves and it is not that easy going forward why you said at the beginning what is the real mote i think they have a technology motte in batteries and

still tesla was able to deliver yes make this fresh earnings data where does tesla see itself compared to the competition in europe and china in particular that are trying to make inroads in those markets. yeah definitely i mean the competition is definitely catching up but if you look at last year here in the united states for example tesla had a market share for electric vehicles of about 82 percent and that is down to about 70 percent that is still very strong especially as the eview market is still growing quite a bit but you definitely can see that more and more other companies folks like me for instance those other economy as well are offering much more electric vehicles such i know you mentioned that they could also try to increase competition to tesla so no doubt the heat is on so public protests at the shanghai auto show another fiery crash and reports that tell us all the pilot can be tricked into driving with no one at the wheel it's been rather bad news lately for tesla will that have an impact well so far there at tesla fen basically is seems to be quite forgiving and if you just look at the stock pri

elon musk set on growth in china and europe is starting to pay off her tesla.r beat spec tatian's for the fourth quarter of this year by delivering around 4000 cars more than it did in the fourth quarter of the company says the model s and model x were exceptionally well received in china and the quarterly delivery figure is widely seen as a barometer of demand for its vehicles and ep's at large. haidi: an indian court told that the governments freeze on the bank account was harassment and done illegally according to reuters. indian tax authorities ordered hsbc and citibank to freeze bytedance bank accounts amid a probe into financial dealings with the chinese company says the move with the bash was without any evidence and gave no notions as required by indian law. the personal data of more than half a billion facebook users were emerged online for free saturday, a reminder of the company's ability to collect information in the struggle to protect users from social data. facebook issued a statement saying they where previous reported from an issue in 2019. the

electric eye for the next few years will soon overtake tesla battery production is another focus the german car maker eventually once batteries made in europe using green electricity. we want to ensure that we're well supplied with high quality battery cells and ultimately bring our costs into line through economies of scale. so the car of the future will be electric what else the trend is towards driving cars that leave the driver free to focus on more important things a living room or office on wheels. so the car becomes not just a mode of transport but an extension of the home. and it's up to us to design the vehicle accordingly cars need to be ready so the customer can work play all read at leisure. connectivity is clearly going to be key but perhaps not just inside the car elon and says automakers need to see the bigger picture. here the manager yet or not specially now in the pandemic i would like to have seen automakers investing in the development of new mobility concepts concepts . this could be apps that allow customers to decide how to get from a to b. perhaps a single platform that offers various forms of transport here to autom

still tesla was able to deliver yes make this fresh earnings data where does tesla see itself compared to the competition in europe and china in particular that are trying to make inroads in those markets. yes definitely i mean the competition is definitely catching up to a few look at last year here in the united states for example tesla had a market share for electric vehicles of about 82 percent and that is down to about 70 percent that is still very strong especially as the e.u. market is still growing quite a bit but you definitely can see that to more and more other companies folks like for instance those other economy as well are offering much more electric vehicles such i know you mentioned that they could also try to increase competition to tesla so no doubt the heat is on so public protest at the shanghai auto show another fiery crash and reports that tell us all the pilot can be tricked into driving with no one at the wheel it's been rather bad news lately for tesla will that have an impact well so far there tesla fen basically is seems to be quite forgiving and if you just look at the stock price the s

elon musk back on growth in china and europe starting to pay off her tesla.ker beat expectations for the first quarter of this year by delivering 4000 cars more than it did in the fourth quarter. the company says the models were a session -- well-received in china. it is widely seen as a brother of demand for its vehicles and at large. delta airlines canceled over 100 flights due to the staff shortages, forcing the carrier open up its middle seats sunday and monday, earlier than planned. it was aimed at decreasing passenger capacity to accommodate fires affected by the cancellations. delta flew over one million passengers the last few days, the most in the pandemic era. "godzilla vs. kong" drew the largest weekend crowds since the start of the pandemic, more than $142 million in ticket sales, and nearly 49 million dollars over the five day good friday holiday. domestic sales were about double that of "wonder woman 1984" and pandemic sales are down year on year. rishaad: getting to the markets, this we're having a look at what's going on insult, the nikkei --

pilot was not enabled tesla with the autopilot engaged is now approaching 10 times lower chance of an accident than the average vehicle welnick is a correspondent at automotive news europe which is a leading automotive business publication he says that tesla seems to be overplaying the abilities of its vehicles i really think the american national highway traffic association should should clamp down on what they what's being termed as false self driving within tesla and what is actually semi autonomous technology a lot of people that assuming that it can that car can just drive itself in and any number of situations but is clearly being seen is that there are some gaps in the cars knowledge i mean this isn't any bad reflection on tesla it's incredibly complicated technology to to to to produce but at the moment tesla seems to be overselling it failing to read the small print that says that you need. big trial of your vehicle at all time and they're saying to their mates hey look at what you can do and you know and it pretty covering a lot of situations but it's not clever in every situation and that's the problem and so until the cars are regulated and and we can say ok

Élan musk bet on growth in china and europe is starting to be offered tesla, the carmaker beat expectationselivering 4000 cars more than in the fourth quarter. the company also said the model as annexed were exceptionally well received in china. 'tesla's orderly delivery figure is seen as a barometer for its vehicles and ev's at large. tesla sales in japan and korea are down today. delta airlines canceled 100 flights to do staff shortages over the weekend forcing the carrier to open middle seat sunday and monday, a month earlier than planned. the move was aimed at increasing passenger capacity to accommodate flyers affected by cancellations. delta says it flew one million passengers in the past few days, the most in the pandemic euro. -- era. kathleen: japanese hotel operator hoshino resorts is are many positive about expansion plans despite a drop in foreign visitors. the company open for properties in the past year and plans three more in the months ahead. the ceo spoke to our chief north asia correspondent about his ambition to bring japanese hot spring resorts to the u.s. >> the market

for the next few years but he will soon overtake tesla battery production is another focus the german car maker eventually once batteries made in europe using green electricity. we want to ensure that we're well supplied with high quality battery cells and ultimately bring our costs into line through economies of scale. so the car of the future will be electric what. the trend is toward so driving cars that leave the driver free to focus on more important things a living room or office on wheels. so the car becomes not just a mode of transport but an extension of the home. and it's up to us to design the vehicle accordingly because need to be ready so the customer can work play all read at leisure all. connectivity is clearly going to be key but perhaps not just inside the car elon in cars says automakers need to see the bigger picture. him and actually yes or not specially now in the pandemic i would like to have seen makers investing in the development of new mobility concepts concepts. this could be apps that allow customers to decide how to get from a to b. perhaps a single platform that offers various for. transport here to autom

tesla. battery production is another focus the german car maker eventually once batteries made in europe using green electricity. we want to ensure that we're well supplied with high quality battery cells and ultimately bring our costs into line through economies of scale. so the car of the future will be electric and what else the trend is towards driving cars that need the driver frame to focus on more important things a living room or office on wheels. so the car becomes not just a mode of transport but an extension of the home. and it's up to us to design the vehicle accordingly cars need to be ready so the customer can work play all read at leisure all. connectivity is clearly going to be key but perhaps not just inside the car elon and auto makers need to see the bigger picture. here to manage to yet or not specially now in the pandemic i would like to have seen or to make is investing in the development of new mobility concepts concepts. this could be apps that allow customers to decide how to get from a to b. perhaps a single platform that offers various for. transport here to automake

tesla. just ahead, earnings season in full swing in europe.unexpected $774 million hit from of course the collapse of archegos capital management. our interview with ceo ralph hamers is up shortly. you don't want to miss it. this is bloomberg. ♪ ♪ >> i think very loud and want him saying and i will be very loud again. i am not engaged in politics. i write about issues around long-termism and issues that are going to impact my clients. everything we talked about his around principal. even the issues around voting access, that was not political, that was principle based. i believe the foundation of american democracy is based on american capitalism and they are interconnected. but related to a voice, i would tell you, our voice has resonated so loudly with our clients. i think among the asset managers, we have probably the largest voice. i am willing to be that spokesperson, and you know, i get the people from the left and right arguing with me as you framed the question properly. over the last 12 months, we were awarded $527 billion. our voice

tesla, ubs, and apple report this week. in europe, summer is on. ursula von der leyen tells the new york times american tourists will be able to visit the eu if they have been fully vaccinated. warm welcome to the program. it is just gone 7:00 in london. mark, what are the markets saying to you this week? mark: good morning. traders are preoccupied by the virus tragedy in india. from markets perspective, that is not the story today. it is a softer dollar and the strength in certain metals and agricultural prices. anna: plenty to focus on. just under an hour away from the start of the cash equities trade. let's have a look at where the futures are positioning. when it comes to the virus and india in particular, but in terms of the markets, worth remembering how strong things were during friday's session in the united states. european futures not really reflecting much of that. european equity markets fairly flat. u.s. equity market futures fairly mixed. nasdaq futures a little weaker. fairly flat. that is after we saw a 1.4 gain on the nasdaq. small

electric eye for the next few years will soon overtake tesla battery production is another focus the german car maker eventually once batteries made in europe using green electricity. we want to ensure that we're well supplied with high quality battery cells and ultimately bring our costs into line through economies of scale. so the car of the future will be electric and what else the trend is towards driving cars that need the driver free to focus on more important things a living room or office on wheels. so the car becomes not just a mode of transport for the next tension of the home. and it's up to us to design the vehicle accordingly cause need to be ready. so the customer can work play all read at leisure all. connectivity is clearly going to be key but perhaps not just inside the car ellen angle says automakers need to see the bigger picture. hitting and after he gets caught in a corner i specially now in the pandemic i would like to have seen automakers investing in the development of new mobility concept concept. this could be apps that allow customers to decide how to get from a to b. perhaps a single platform that offers various

electric eye for the next few years will soon overtake tesla battery production is another focus the german car maker eventually once batteries made in europe using green electricity. we want to ensure that we're well supplied with high quality battery cells and ultimately bring our costs into line through economies of scale. so the car of the future will be electric what else the trend is towards driving cars that leave the driver free to focus on more important things a living room or office on wheels. so the car becomes not just a mode of transport but an extension of the home. and it's up to us to design the vehicle accordingly cause need to be ready so the customer can work play all read at leisure. connectivity is clearly going to be key but perhaps not just inside the car elon in cars says automakers need to see the bigger picture. here demand actually yet or not especially now in the pandemic i would like to have seen also makers investing in the development of new mobility concepts concept. this could be apps that allow customers to decide how to get from a to b. perhaps a single platform that offers various for. transport here to

there is an expectation that tesla will be dominant in the u.s., but when you ask how that rest of the industry will catch up, we see a different story in europeration to sell a million evs and plug-in hybrids. they will give tesla a run for their money globally. they are making the id-4 crossover in china. matt: the ford mustang mach e, you cannot make them fast enough. the dealer has up charged $10,000. they really need to boost production. the chip shortage is not helping. how much of a pain is the chip shortage for the ev push? for traditional car production, it is a real problem. >> it is significantly more in electric vehicles. and that will be a point of concern going forward for tesla. the chip shortage situation has gotten worse. to what extent does it become an issue going forward? does it have more of an impact on tesla in the second and third quarters than the first quarter? we did not get commentary from the company, which is typical for them to be tight lipped. we did not hear anything from the company about how the situation is affecting them. they were vague in their fourth-quarter quarter earnings call to what state they may b

are starting to catch up in europe both spog and fought 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 several startups have also joined the fray. 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 low on. chinese authorities to accuse the company of poor quality and the protests of a customer who accuses tesla's faulty brakes of causing them to accident have gone globally viral on social media. from all its bring in conrad financial correspondent in frankfurt just as strong financials and actually just about cars all day there's also this investments in bitcoin that they've been doing yes that's true absolutely since you go now and said it would accept big calling as a payment for its cars. calling has been playing more and more important role in the currency portfolio that tesla handles it also has sold $23272000000.00 worth of cowen and that h

back doors for the chinese government say with europe same with latin america all over the world you can see that so is going to drive up costs because if tesla can't sell to china because they could only sell to america because they have to put a back door in for the government then it starts to raise costs i don't think i know you see a future of declining cost but i see it rising based. on the d. globalization if they are surveilling people's cars or the cars or surveilling people and so failing state apparatchik and there beaming that information over the satellites back to control and they're processing that information and then at the get to a point of again the singularity all of the information in the world when you put it together and process that simultaneously it adds up to 0 it adds up to nothing all the illusion of differentiation will be obliterated the illusion of making a profit will be obliterated because we're entering into a period of the singularity where the collecting processing sending and storage of all information known throughout the cosmos simultaneously in the hoola the digital obama and therefore that knowledge is

back doors for the chinese government say with europe same with latin america all over the world you can see that so is going to drive up costs because if tesla can't sell to china because they could only sell to america because they have to put a backdoor. and for the government then it starts to raise costs i don't think i know you see a future of declining costs but i see it rising based on the d. globalization if they are surveilling people's cars or the cars or surveilling people and so failing state apparatchik and their beaming that information over the satellites back to control and they're processing that information and then at the get to a point of again the singularity all of the information in the world when you put it together and process it simultaneously it adds up to 0 it adds up to nothing all the illusion of differentiation will be obliterated the illusion of making a profit will be obliterated because we're entering into a period of a singularity where the collecting processing sending and storage of all information known throughout the cosmos simultaneously in the the digital obama and therefore that knowledge is that the

back doors for the chinese government say with europe same with latin america all over the world you can see that so is going to drive up costs because if tesla can't sell to china because they could only sell to america because they have to put a backdoor. and for the government then it starts to raise costs i don't think i know you see a future of declining costs but i see it rising based on the d. globalization if they are surveilling people's cars or the cars or surveilling people and so failing state apparatchik and their beaming that information over the satellites back to control and they're processing that information and then at the it get to a point of again the singularity all of the information in the world when you put it together and process it simultaneously it adds up to 0 it adds up to nothing all the illusion of differentiation will be obliterated the illusion of making a profit will be obliterated because we're entering into a period of a singularity where the collecting processing sending and storage of all information known throughout the cosmos simultaneously in the the digital up and therefore that knowledge is that the

romaine: tesla had those numbers over the weekend, 185 thousand vehicles worldwide. a big bump in europe. dan ives of wedbush has been bullish on this for a while, raising his outlook, saying we could see 900,000 plus cars delivered this year loan. that is well above what most other analysts are expecting. we are going to get their analyst day tomorrow. a lot of attention is going to be on the chip shortage, and what type of spending we could see out of them. an interesting story on this genetic testing company. a convertible offering, and one of the biggest investors in this is softbank. that is why the shares are up 9.5 percent. softbank has been dipping its toe in the water of a lot of these genetic testing and biotech companies. we've got to talk about gamestop, down in the premarket. that will happen when you throw 3.5 million shares onto the market. down 16%. if you were looking for an entry point, that might just be it for you today, tom. ro -- roblox, another in the gaming space, doing well today. if you are into traditional gaming, while you were cramming into the theater to go

europe. i think people are much better off in small cap and that's what that articulates >> thanks again. >>> speaking of tesla, it dud have plenty of competition from chinese auto makers who are looking to move in on its turf we are live in shanghai with more hi eunice. >> reporter: seats like every one is putting out a competitor to the model 3 which last year was the best selling electric vehicle in china we followed two tesla owners at the ongoing shanghai auto show and see whether or not there has anything that could break their loyalty to their beloved car brand. >> they come the the shanghai auto show to see if many of the chinese tesla wannabes can stand up >> do you like >> reporter: he works if finance. he's in i.t. he dreams of upgrading to a tesla roadster he loves his model three so much, he sleeps in it. on their list, established car maker, the zeekr 001. >> what do you think it reminds me of a model three, he says. next stop the et 7 by new york listed nio >> when i driver it, it will feel like no >> looks like a model three. some didn't merit a visit. he doesn't like the company name but he di

tesla. jillian: what do you love about this country. >> the thing that attracted me to america from europe or any other developed rich country in the world was there is a culture, there's a huge proportion of the population who loves freedom, this is a country founded on the values of faith, christianity, not just the faith but the freedom to practice it and that is not something that happens in europe. countries based on ethnicity or values and that is why i want us to come here. todd: the 2020 census shows democrat leaning states lost seats and republicans gains, there's the map on your screen, you see texas steaming to be the big winner but faced with the evidence people are fleeing their policies, do these democrat states double down and bolster the policies that force these people to leave in the first place? makes no sense to me. can you explain it? >> it happens at the country level too, not just the states. it happens in africa and asia, all over the world, some places are different institutions that condemn them to this. the good thing for us is we have good evidence in the united st

europe was weekly where revenue slumped by 9%. one of the first times that teslacomputers. compared to 49% of those in december. that was the last time it was ever offered on paper. these two will be able to offer the exam. >> we are headed toward the open in japan. south korea and australia. let's turn to sophie for what to watch. >> we are keeping our eye on sk telecom. over in tokyo, watching nomura on a report that it is starting to tighten financing for some hedge fund clients. the financial conglomerate in japan all watched as the plan to spend $1.8 billion as companies expand digital services. toshiba is very much on watch. they could give shares -- >> we will get more work analysis with the chief investment strategist, stefan. of course, we have the market open in sydney, soul and tokyo -- seoul and tokyo. lots more to come, this is bloomberg. ♪ (announcer) back pain hurts, and it's frustrating. you can spend thousands on drugs, doctors, devices, and mattresses, and still not get relief. now there's aerotrainer by golo, the ergonomically correct exercise b

tesla, from those automakers and the likes of gm, ford. both getting overweight from wells fargo. and over in europe, competition from vw as well.hese stocks may have rallied last week on this infrastructure plan, hitting a bit of a snag on this news today. kailey: they've got to compete with the hummer ev suv we were talking about. on the subject of infrastructure, president biden has set aside money to grow the ev industry in the u.s. how big could the use of ev's become an eventuality? ritika: $174 billion grown in the ev space, in this infrastructure plan. if we look at it in the broad context, ev sales as a percentage of u.s. car sales just 2%. that is expected to grow to 25% by 2030. if you compare that to china, if these estimates are anything to go by, that would be half of what they are producing. in the broader context, u.s. still has a long way to go to catch up and get parity. kailey: thank you so much for that great report. on a programming note, tune in later this week for a special on the chip crunch. that is at 5:00 p.m. eastern time this wednesday. still ahead, we will discuss the u.k. prime minister boris johns

europe opening mixed. stock index futures on wall street this hour -- a lot of news started. and it's a busy week. teslah stocks soared over the last year. wall street is focussed on what top executives say about the future. we'll hear from jerome powell on wednesday. just how much inflation the fed will allow is a big question for wall street. president biden addressing a joint session of congress wednesday night ahead of the first quarter gdp report on thursday morning. the forecast there, wow. 6.3% up from 4.3% in the fourth quarter. tech earnings probably crazy good but diapers are driving low-income families to the edge. talk about a tale of two economies. prices of disposable diapers rose 8.7% over the year. diaper makers said more increases are coming to deal with higher costs. data shows diapers take up almost 8% of a minimum wage worker's budget. 8%! and the burden of higher prices is felt most by women. women are most likely to be single parents working lower wage jobs and more likely to have their hours reduced to take care of kids at home. some days, will be rougher than others. ♪ someday, 5

europe really paying off. also interesting, the rest of the space, early on, soaring. not so much at the end of the day. but tesla did hold onto those gains. one of the best stocks for the s&p 500. emily: all right. thank you so much. as abigail mentioned, over the weekend, tesla reporting stellar first quarter numbers, blowing past expectations and helping it to defy the broader selloff in the electric car industry, this amid growing skepticism about the future of president biden's infrastructure bill. shares of tesla jumping, erasing the year to date loss over the last year. the stock has advanced more than 600%. for more, we are joined by collin rush who has an outperform rating on the stock. first of all, when it comes to deliveries, how did tesla defy the odds? in the u.s., an economic recession. collin: i think it is important to understand the sophistication of their supply chain management. i think it really stuck into a couple of key markets in the u.s. and china, where they did not have to have such a long logistic timeline to get the cars into the hands of the consumers. i think it was a combination of

mainstream traction but that is the risk and you will see tesla's market share decline. 80% in the u.s much, much lower -- losing share in europeas investors contemplate the impact of competition. tesla started out as a high-end brand. a wealthy person's brand and they're successfully navigating that brand globally to an everyday person's ev brand. and the reason is that the value of the car exceeds the competition. if they can maintain that edge, i think that competition, yes, they'll lose share, but don't have a measurable piece of a massive addressable market >> very quickly, gene, stock trading around 708 where does it go from here >> the next three to five years this could be a much bigger company. 4x the size what it is impossible to predict tesla in the near term. long term, this goes higher. >> all right gene and gordon, thanks for joining us >> thank you >> thanks, morgan. >>> the monster on the ticket sales, "godzilla vs. kong" over the weekend. check out shares of gamestop they're down this morning only after the company's announcement it plans to sell 3.5 million shares to try to fund the ongoing corporate stock tra

tesla gave their backing to the digital point. now johnson and johnson says it's delaying the rollout of its coronavirus vaccine in europe the company announced the decision after regulators in the us recommended a pause in administering the single those facts in it followed reports of potentially dangerous blood clots 6 cases all suspected after almost 7000000 doses were administered johnson and johnson was planning to ship hundreds of thousands of doses to europe in the coming weeks was also set to become the leading coronavirus biting supplier to africa before the recent. johnson and johnson is expecting some 400000000 doses of his vaccine to african nations so let's speak to our reporter in the towns and encounter dar es salaam charles thanks for being with us what's the reaction been there to this news from johnson and johnson. well of course the company that is decision. us and letters are commenting almost in a new story in their single goes like sinful i don't want change only dangerous not just cause but in many comments from social media but there's only a few issues on what i'm just about. this issue and this issue but i

in europe folks bogen fight its way to the top spot an electric vehicle sold last year followed by the rendon nissan mitsubishi group while tesla came in 3rd. at the same time established automakers are introducing new models while several startups have also joined the fray. and accidents have sell a 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 global the viral on social media. and most companies have always shied away from speaking out publicly on burning social issues that's changed since the killing of george floyd and the black lives matter of movement protests against a new voting bill in texas demonstrators say it will suppress minority voters such movements are now even getting the support of corporate america in the state of georgia several u.s. firms have spoken out against the new low they say disadvantages plaque

in europe both fog and fought its way to the top spot an electric vehicle sold last year followed by the rancho nissan mitsubishi group while tesla came in 3rd. at the same time as stablished automakers are introducing new models while several startups have also joined the fray. and accidents have sell a 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 global the viral on social media. and most companies have always shied away from speaking out publicly social issues that's changed since the killing of george floyd and the black lives matter of movement 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. in the state of georgia several u.s. firms have spoken out against the new low they say disadvantages plaque in bru

europe and china. you start to see the success not just tesla, but we do the 5 trillion mark in the next decade >> andplaid, because the s-plaid, under 2 seconds, zero to 60 that gets my attention but i don't know if i want to -- when would you do that when and where and why and how how do you do that cisafely why would you go zero to 60 in less than two seconds and why would you want to? >> in tesla, the success continues to be not just relining model line and whatever, you see the technology that comes out of freemont and gigathat is changing the industry but they have to make sure they're courting all of their customers even though the mass is focus on models 3y. >> yeah, i think about that, i'm attracted to it, but then i'm thinking, i don't know if i want to be able to do that. i just don't know -- with great power comes great responsibility that's a famous philosopher once said that. what about -- when we worry about in terms of self-driving, you know, that's what gets the red headlines. >> yeah, that will come up, i mean, clearly in terms of q and a but with musk they'll begin with what talk ab

tesla later today. microsoft google big tech toys we knew was a big reopening play as well 6. the airplanes fly again, play stocks are rising. europe said americans to get vaccinated. you're welcome to come to our country's the summer. it's kind of a nice positive let's start spending money again. 5 million americans have skipped their second vaccinations. there's issues there. india's ramping up in the big international problems of covid-19 is not completely gone away yet. apple announced something kind of interesting over the weekend. first and foremost, germany said, hey, we're looking at the fred to trust now possible. we're nice guys are going to spend 430 billion dollars in the coming years expand the workforce in the united states, including new in north carolina raleigh. so on one hand job creator. on the other hand, big evil company. >> wow. okay. so we'll see what these plate and what these headlines do continue to evolve over the week. i know netflix over the weekend with the oscars came out big that's a streaming service play. and what does that tell you. >> 93rd academy awards. i tuned in a little bit with the sound of

tesla jumping on the first trading day after it announced first-quarter quarter deliveries smashed estimates. they delivered more than 184,000 vehicles worldwide. that suggests elon musk's that on growth in china and europes starting to pay off. shares of gamestop falling between markets as they will selloff 3.5 million shares in an at the market offering. destocked has been championed by reddit traders. -- the stock has been championed by reddit traders. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ i'm ritika gupta. this is bloomberg. ♪ >> the american jobs plan is about making sure america is positioned to compete for the next decade and for the generation ahead. we know that china and our other strategic competitors are already making major investments. it is time for america to lead the way again. tom: the secretary of transportation looking at the infrastructure view forward. we are going to rip up the script here. we were going to have a monday conversation on infrastructure, but we are going to do something different. the secretary of treasury this morning has com

europe. we're only beginning to get permission to eat inside unmasked we'll be able to go to the movies a amc roaring 13%. one that can benefit all the auto makers including tesla that reported tonight the stock market figured this out. we witnessed the textbook tug-of-war because of the camp i'm talking about the iron and steel maker, the number two player in america behind new corp they caught a downgrade and price target they rallied 5%. we had the ceo on tonight so they can tell us where we are in the cycle and believe me, it's not late and not just the steel makers otis elevator, the leader gave to today's action, gave much better than expected data terrific 18% growth across all geographies, organic growth up a stunning 10% the 18% -- i mean, i'm still trying to parse through these numbers, they are so powerful. this is an elevator company as the ceo judy marks told me there is a construction boom all over the world and the u.s. is seeing unprecedented growth if we were anywhere near the peak, they wouldn't surprise everyone but everyone was shocked. a stock like otis could rally 7% the copper and lumber and aluminum got lift and big-time construction we

tesla just a moment ago. the company slamming germany's approval process for its new factory, describing the timeline as "particularly irritating." let's take a look at where we are with equities in europe and where we are with euro-dollar as well. the dollar starting to come under a little bit of pressure. the euro stocks up by about 0.5%, and we have just retaken $1.19 in euro-dollar. alix: i love that irritating remark. it is sort of like germany is a fly that tesla is trying to swat away. three taking $1.19 on euro-dollar. it definitely feels like -- retaking $1.19 on the euro-dollar. it definitely feels like it is more of the safety trade when you don't want to take on the cyclical or value risk. the s&p tech index is up over 1.7%. yields down on the tenure by about three basis points. the vix is still very low, and it looks like implied volatility in the vix in the summer looks to be picking up. what that means i'm not quite sure. crude continues to take a hit. part of that story is india, suffering more demand, less need for gasoline, as cetera. call -- gasoline, etc. crude now below that $60 mark. guy: that astra vaccine really critical to what is happening in india right now. t

tesla just a moment ago. the company slamming germany's approval process for its new factory, describing the timeline as "particularly irritating." let's take a look at where we are with equities in europeo-dollar as well. the dollar starting to come under a little bit of pressure. the euro

enabled tesla with autopilot engaged is now reproaching 10 times lower chance of an accident than the average vehicle let's talk about this with a gabe's is a correspondent an automotive news europe which is europe's leading automotive business publication is joining us from london it gives thanks for speaking to us so iran mosque has come out defending the company but what do you think is going to be the fallout from the us. well i really think the american national highway traffic association that says should should clamp down on what they what's being termed as full self driving within tesla and what is actually semi autonomous technology a lot of people left assuming that it can that car can just drive itself in and any number of situations but what is clearly big see is that there are some gaps in the cars knowledge i mean this isn't any reflection on tesla it's incredibly complicated technology to to produce but at the moment seems to be overselling it so is part of the problem then the owners are those who are driving these tesla vehicles have confusion over its capabilities. well yes i think so that they're failing to read the small print that says that you. are being tro

that is almost a $200 million loss in the record quarter tesla is burning money this is not a viable business model. they're losing share in europe and sales in the u.s. were down. for the company that trades at almost 20 times it sells and 119 times earnings, you need growth. the sales fell swiftly this is a bad credit across the board. to say the outlook is good when the numbers are getting worse. we don't understand it you have to look at reality. fsd. they delayed it again. they delayed fsd again on the conference call. look at the value. >> fsd >> we will start with the earnings pieces. accelerated cash burn. part of that was bitcoin probably not worth getting into why they are investing in bitcoin. they are investing in berlin and r&d. you need to look at growth story they are trying to build the second piece around fsd is a negative there is a notable difference in elon's comments. he previously talked about at the end of 2021 when they would have full fsd. what happened with the horrible accident in texas has impacted his public comments around that. i would agree with gordon. we are a long way away from full self driving