i mean, their stated goal is to become the world's leading manufacturer before tesla electric vehicles by 2025. and they're a long way off of that goal. well, they do have some models, they don't enjoy nearly the amount of prestige that other electric vehicle makers enjoy. and d, c has been really kind of driving force behind a transformation for a long time now. and so it's kind of a, it's kind of a left to beat up in a difficult position for the short term. i think. ok, well you mentioned clash as you also mentioned fans of these. what do you think his legacy is ultimately going to be? what is he going to be remembered for? well, i think it's going to be kind of a split legacy after member. he kind of came on board in 2018 and he was supposed to turn a page from the diesel scandal when v. w was basically was proven that they were manipulating the exhaust values of their vehicles in a criminal fashion. now he kind of was turnover, new page kind of put that era behind them at the same time spearhead this charge. and what you could definitely say he did basically end the diesel scandal

it will produce high capacity, lithium-ion batteries for tesla electric vehicles. >>> the japanese electronicnt says it will invest $4 billion, including state subsidies to build the plant. the batteries will increase the range of electronic vehicles. tesla is building a factory in texas, which is close to kansas. panasonic hopes to accelerate the supply of batteries to tesla. panasonic is working to establish cost saving methods at the plant in western japan, before making any final investment decisions. >>> suzuki says it will withdraw from two international motorcycle racing competitions, as it shifts its focus to developing green technologies. suzuki announced on wednesday that this would be its last season competing in the world endurance championship. the president of suzuki express his deepest gratitude to the fans in support of the company's team over the years. the companies are looking to achieve net zero carbon emissions. this is considered the top motorcycle series. suzuki's participation goes back to 1960. did lose a shot at the title in 2020. it is how the circuits, including le

romanov news duty unit an accident worth millions of rubles in the north of the capital, the tesla electricwith a taxi car, according to preliminary information, our cab driver did not give way to the gadget on wheels. who would not control the tesla man or autopilot from a collision. he could not leave, two taxi drivers suffered with serious herbs. admitted to the hospital. his passenger left the blow with such force that the tesla battery flew off a few meters near the school, which also turned out to be serious. damage. but her the drivers turned out to be in perfect order, perhaps saved by an airbag, an upset man. didn't talk to reporters. welcome from here rest. on solnechny adler. the beach ended for the champion of minsk in sambo with severe injuries in the hospital, he was sent by the beach guards, who attacked the man, armed with rebar and baseball bats. the fact is that the tourist decided to stand up for two girls whom the guards tried to expel karina 's material. under the hot sun and right on on the shores of the black sea a fight in the style of the worst traditions of the sto

the mask refused the deal for economic reasons, the basis of his fortune is the shares of the tesla electricnt when the mask announced the purchase of twitter, they asked for 30%, because the us federal reserve is set to actively raise the key rate in any case, given the skill of the mask. dart on express your thoughts the trial is likely to be memorable, and it is already becoming so, because one of the episodes of the lawsuit was a tweet a mask, how to say, this is in legal language with feces on may 16, the ceo of twitter on cancer agrovol wrote a long post about the fact that the social network is fighting fake accounts and spam with all its might, that spam has become non-binary, that is, it is created by co-authorship, a real person . the computers that the internal calculation of the social network say that the share of fake accounts she has is less than five percent, and musk answered all this. well, as he answered, and now the leadership of twitter wants to prove in court that max is this picture harmed the company. the russian stock market continues to fall the index of the moscow

the basis of his fortune is the shares of the tesla electric car manufacturer.nt they announced the purchase of twitter, they asked for 30%, because the us federal reserve is set to actively raise the key rate in any case teach. mask's ability to express his thoughts vividly, one can hope that the trial will be memorable for the russian stock market. after yesterday's fall. this morning, it is making a very timid attempt to grow, which is supported by the fact that oil prices are correcting upwards, having lost yesterday, at 7.5 and 8 dollars, the dollar and the euro stand in place . the american is 5907 euros, 59, 60. russian business is asking the authorities to reduce the also print on them less information about the product and for the shortage of paper and ink, according to rbc deputy prime minister victoria abramchenko has already instructed the department to work out standards that determine the area of ​​the label on a cardboard package, and also, as they said in the association of the russian soyuz , to analyze. as far as the data on the packaging is re

other electric vehicles may require an adapter to connect his tesla vehicles use a different connectorr e v s in north america. something congressman ro khanna is working to change the disparities outlined in a new report that says the black community is often left out of the economic prosperity of silicon valley. the congressman met with a dozen community leaders at a restaurant in cupertino. yesterday they discussed the economic challenges facing african americans living in santa clara county, which is one of the wealthiest regions in the nation. they have not been heard. they have not been seen. they feel invisible. they feel because it's a small population that they don't matter as much to 20% of the homeless population here in the county. how can we ensure housing for black residents? how can we invest in projects like that? there are very few black executives that major silicon valley companies, meeting's attendees say only about 1% of venture capital is in this region goes to actually black owned business. new numbers show. san francisco has a long way to go to recover from the

the mask refused the deal for economic reasons, the basis of his fortune is the shares of the tesla electriccturer since musk announced the purchase of twitter fell by 30%, because the american mill is determined to actively raise the key rate in any case, given the skill of the mask. to express your thoughts outside the box is a trial that will most likely be memorable, and it is already becoming so, because that one of the episodes of the lawsuit was a tweet by the mask, how to describe it in legal language from feces, on may 16 , the ceo of twitter. parak agrival wrote a long post about the fact that the social network is fighting against fake accounts and spam with all its might, that spam has become non-binary, that is, it is created in collaboration with a real person and a computer, that the internal calculation of the social network indicates that the proportion of fake accounts it has less than 5%, and musk answered all these arguments. in general, he did not like the post, now the leadership of twitter in he wants to prove in court that musk caused damage to the company with this p

vehicles, and like so many companies, tesla continues to grapple with supply chain disruptions. going forward, the electricearnings are always of great interest to wall street, it is the most valuable car company in the world but elon musk�*s $aa billion bid to take over twitter means investors are even more keenly attuned to the company's financials. the compa ny�*s financials. the billionaire company's financials. the billionaire ceo took out a $12.5 billion loan to help finance his takeover of twitter. he used his 16% stake in tesla as collateral, a company he founded and currently runs. what happens in the court case between mr musk and twitter in october could have a significant impact on tesla. joining me now is dan ives from wedbush securities. welcome to the programme. let's talk about that point, i would imagine many high up within tesla are not too happy about what elon musk has been up to lately with regards to bitcoin and twitter? it lately with regards to bitcoin and twitter?— lately with regards to bitcoin and twitter? it is a black eye for musk _ and twitter? it is a black eye for musk and _

something else in contra costa county has popped up. >>> new this morning, tesla is no longer the biggest electric vehicle maker. china topped tesla in global sales this year. tesla was hit this spring by travel restrictions in china and many of the models are plug in hybrids. the company prepares for a push into foreign markets , including the united states. >>> amazon starts a new chapter celebrating its 20th anniversary . on this day back in 1994 jeff bezos incorporated the company . it has grown into the second largest company on earth and is worth $1.7 trillion. today he will step down as ceo . andy jesse will take over . >> that is crazy to think. >>> being on social media can have its drawbacks. >> there is an app trying to change that. morale encourages users to send a friend a compliment throughout the day. users can send and receive five anonymous messages a day. it is like a support network in your pocket. the goal is to reduce cyber bullying online. i like the sound of that. >> i wasn't invited. >> if i had an invite, i would invite you. i feel like you can already use social media for

. >> tesla, the electric automaker is sitting on a nice hedge heading into the quarter.et the technical view. >> well, you finally balance between the success and failure. you have this tight range you see, and it's the same chart with a different time frame. take it back further, and we have been having high volatility and low bearing. where this debate or standoff is occurring, it's under the trend line. again, the money guys are going to say something and there are already people shouting not to move it high or low: now it's points off. that's as close as you're going to get. i think it's going to break the downside? it's running 60/40 that it will go down, 40% say no, it will get resolved. >> really interesting stuff there. that's quite a range there. thank you. and do you give it a 60 chance, 40 chance? >> clearly carter coming to us from the guy guggenheim. and the april photo, stocks traded up obviously only to fall off and here we are now. i think we'll see a similar move.i think the stocks will get solid again. i don't think we have heard the last of former pres

new energy and innovation and make the platform more accessible in the same way that he made tesla and electricicles widely accessible to the masses and sort of kicked off an innovation there and that was before this big move friday afternoon and there's a lot of concern that this company will have a hard time not only just getting through its normal business and holding on to employees. >> you would think and with the stock crumbling like that, a lot of people seeing wealth crumbling with it. julia boorstin. >> coming up in today's three-stock lunch, we'll take a look at instveors betting against earnings you don't want to miss it. bubbles bubbles so many bubbles! as an expedia member you earn points on your travels, and that's on top of your airline miles. so you can go and see... or taste or do absolutely nothing with all those bubbles. without ever wondering if you're getting the most out of your trip. because you are. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, who

tesla. the electric carmaker is set to go back to court after an ex worker turned down a 15 million dollar. rachel by a settlement amid other accusations racist work environment. and just weeks ago, google had to pay out 118 million dollars to female employees who said they were getting paid less than their male counterparts. well, despite these hefty settlements, the allegations are stacking up with more legal battles on the her eyes. just weeks after google paid millions of dollars to thousands of female employees over discrimination. the tech giant is facing trouble again. google. >> racism is evil. discrimination is evil. bias is evil. nationally known civil rights attorney ben crump speaking on behalf of several current and former black employees of the mountain view based company accusations include google unfairly policing black employees while also telling those workers they are not welcome. >> complaints to hr and managers they say were ignored. my chief of staff told me that my blackness shouldn't come to work, that i should figure out a way to leave it at home. but i look. >> i l

tesla. the electric car maker is set to go back to court after an ex worker turned down a 15 million dollar racial bias settlement amid other accusations of a racist work environment. and just last month, google had to pay out 118 million dollars to female employees who said they were getting paid less than their male counterparts. despite these hefty settlements. the allegations are stacking up with even more legal battles on the horizon. just weeks after google paid millions of dollars to thousands of female employees over discrimination. the tech giant is facing trouble again. google. >> racism is evil. discrimination is evil. bias is evil. nationally known civil rights attorney ben crump speaking on behalf of several current and former black employees of the mountain view based company. look, accusations include google unfairly policing black employees while also telling those workers they are not welcome. >> complaints to hr and managers they say were ignored. my chief of staff told me that my blackness shouldn't come to work. >> that i should figure out a way to leave it at home. but

tesla. the electric vehicle makers autopilot chief is leaving the company. ed ludlow back with more. critical role. ed: he has been a tesla since 2017 pretty went on leave in march and sources have told me this was a guy who did not leave in five years pretty went on leave, tweeted he was leaving tesla in strong capable hands. implied that the work on ai to power the technology has come a long way. but he is doing something new. emily: do we know if this had anything to do with disagreements or a d prioritization of the work he was doing? ed: last week reported tesla laid off 230 autopilots as part of the program. they worked on it their own shifts, their own computers, to help the ai train neural networks to improve this technology. he has been on leave, we don't know what's going on behind the scenes and now he is called time on his tesla career. emily: another problem for elon musk. ed: he is grateful for the time he had. emily: what has elon musk said so far about the twitter suit? have we heard from him? ed: he tweeted " oh the irony lol". emily: how are we expecting this story t

in focus today, a report on factory orders. >>> tesla is losing its crown as the world's biggest electricle maker. china backed by warren buffett talk topped tesla in global sales in the first half of this year. tesla was hit by covered lockdowns and travel restrictions in china. many models are plugged in hybrids which are counted as zero mission under the china sales rules. the company and the battery maker are preparing for a push into foreign markets including the u.s. >>> tick-tock abandoning plans to expand live shopping. the financial times reports that the social media platform is hit by internal problems and is struggling to gain traction. tiktok was launched in the uk last year with plans branded influencer selling the product live on the app. tiktok aimed to expand to germany, france, italy, and spain earlier this year before launching in the u.s. >>> amazon start a new chapter as it is celebrating its 28th anniversary of its launch. it was on this date in 1994 jeff pesos incorporated, the company after launching it in his garage. isn't that like apple? in the garage? >> and go

tesla. the chinese are subsidizing auto costs. they make good cars. expect global competition. it is good for the consumer but there's going to be a shakeup. electric vehicle companies are coming to market, we may be heading into a recession, more cars, fewer buyers, we will see who ends up on top. keep an eye on tesla, volkswagen, and the chinese. emily: is the china problem going to go away? you still have this locked down, quarantine, excuse me, and shanghai, and the unpredictability of a pandemic where the chinese government could once again make production difficult. steve: the two issues, one is the covid one, what the chinese do that others cannot for a lot of reasons, the chinese bring the entire workforce, 8000 people in-house, and they will sequester them so they do not get exposed. i think the covid issue gets solved. the bigger issue is the geopolitical issue. xi jinping, who was reconfirmed as the new chairman of china, has said he intends to reunify or invade taiwan at some point. if you see that happen, china has a huge part of its production capacity tesla has in china. there's a lot of issues. right now, what investors need to look

tesla. the electric car maker is set to go back to court after an ex worker turned down a 15 million dollarbias settlement amid other accusations of a racist work environment. and just last month, google had to pay out 118 million dollars to female employees who said they were getting paid less than their male counterparts. despite these hefty settlements. the allegations are stacking up with even more legal battles on the horizon. just weeks after google paid millions of dollars to thousands of female employees over discrimination. the tech giant is facing trouble again. google. >> racism is evil. discrimination is evil. bias is evil. nationally known civil rights attornbe

tesla. the electric vehicle automaker were initially rallying after hours. missing on revenues. missing on margins. the stock covering around the flatline right now. we are going to go inside the numbers. >> it was a beat in terms of earnings per share. tesla earning two dollars and 27's per-share. revenue falling just share of expectation coming in at $16.93 billion. the street was expecting $17.1 billion. it's a numbers within the numbers that are putting pressure on the stocks. quarter to automotive margins, gross margins, ask zero emission dd. it came in at 26.2%. the street was expecting 28.2%. for a point of comparison, in the first quarter, that margin was 30%. you have seen a drop of 4%. they knew that was going to happen as a ramped up two factors, one in texas and one in germany. they now are down to a four supply of autos in the second quarter. a year ago their day supply was at nine days supply. the berlin data factory now at a production of 1000 vehicles per week. operating cash flow $621 million. they say very clearly they are seeing challenges when it comes to the

entry to market votes on the low end and high end of the market so the association between tesla equalling electric dilute over time as consumes have more options and as we know, you know, the battery division did great the solar division due to capacity constraints did very, very poorly. and those government subsidies that they sell over in europe will obviously also diminish over time if, you know, more manufacturers are producing evs. they need to bite government issued credits anymore from tesla which is a big part of the revenue as you know. >> looking at the issues of supply and demand. i know this quarter will see the impact of the shutdown and then, of course, on the demand issue, we have this question of how much consumer spending will pull back with the potential for recession. how persistent do you see problems that are similar to the shanghai plant shutdown? and how resilient do you think that the tesla consumer will be? >> i'm shaky on the tesla consumer long term the brand is getting a little tarnished. the association of it being a symbol of the future is getting muddled with a lot o

important is that represents a record m terms of monthly sales for, again, china-made, china made tesla electrice'll watch those tesla share which are down about .25% >> we had a winning streak, and part of that was helped bit pullback in treasury yields and that gave a new lease on life to some of the growth areas take a look at the weekly performance of arc up 20% for the week. >> and a big move yesterday. >> for the week. big move yesterday and another name like, i don't know, beyond me. zoom, docusign those are all higher. >> there's this theme that we've seen developing. i hesitate to call it a theme, melissa, because it's only about a week or two in nature right now. for the longest time as the markets were coming down in january, a lot of experts we have on our air and in the markets talking about this idea that in this environment where you want to be a little more defensive, you want to focus on some of those stocks that actually make profits, generate positive free cash flow and stay away from some of the nonprofitable ones, or ones that have cash burn it seems as though in the last tw

to pull out of them. >> tesla and elon are a master of making great cars, i hope they stay focused on that. the more they can stay focused on executing, whoever wins the electric car race will own a 50 year franchise. tesla is sitting pretty with a lot of -- but a lot of serious people are coming after you. i hope tesla is up to the task, i want to see them win. emily: that is the swestly group managing found twitter ise fast trackingr it suit against elon musk. . y combinator managing partner and the former cfo of twitter will share his view of the saga next. this is bloomberg. ♪ emily: fast forward to october, that is when twitter and elon musk will face-off in delaware court. will twitter forced musk to do the deal and is that actually good for twitter? i want to bring in the y combinator managing partner and former twitter cfo and coo, twitter one go round one, that means they potentially have the upper hand in round 2, is that good for the company? >> i think it is good for twitter shareholders. especially seeing the selloff in technology stocks over the past couple of months, i think the deal is very richly valued in today's terms. i expect twitter to pr

premium electric vehicles include tesla, a polstar car, ford's mustang mac-e, all available in comfort electric. it's an extension of uber comfort which offers extra leg room, quiet cars, and other amenities by request. it will cost 30% to 40% more than an uber x trip. >>> the 49ers taking to the field for the first in order for small businesses to thrive, they need to be smart. efficient. agile. and that's never been more important than it is right now. so for a limited time, comcast business is introducing small business savings. call now to get powerful internet for just 39 dollars a month. with no contract. and a money back guarantee. all on the largest, fastest reliable network. from the company that powers more businesses than anyone else. call and start saving today. comcast business. powering possibilities. >>> okay, from the bay area to trey area. this is the first day of the rest of his life. the 49ers took the field today for the first time this season, and leading the charge was their new starting quarterback, trey lance. bay area, trey area. >> yeah, i got it, that's very

you have them pushing electric vehicles but never mentioning tesla even though it was the number one ic producer. now the number one producer is actually hong kong-based. and of course now we have these threats and the biden administration wants to remove tariffs. just a few months after they eliminated the china initiative. there are questions as to why the administration is not doing more to crack down on china. critics are pointing to hunter biden's business dealings with chinese companies. as a ranking of the house oversight committee, you sent a letter to treasury secretary janet yellen asking for reports of u.s. fans of suspicious activity they have flagged on hunter for further review. there are wet, 150 transactions on that list? tell us about this. >> there are at least 150. which is unprecedented but i would go out on a limb and say hunter biden is more suspicious activity reports filed against his bank accounts than probably anyone in the history of america. i know that is a bold statement but am pretty confident in saying that. prior to joe biden becoming president, any me

thank you so much for that. tesla shares rose an after hours trading after the electric vehicle maker reported a rise in your on your quarterly profits. several price increases of its best selling vehicles, helped off that production challenges. tesla posted adjusted that income of $2200000000.00. the car maker struggle to meet demand falling a shut down of a shanghai production site. tesla is now bracing for a potential recession and increased competition from rivals. are far more on these results. we go to young core to the new york stock exchange. now young, we saw a little bit of a rise and tesla stock falling this news, but otherwise things have not been so rosy for the seo you on musk lately. we know he has this last it with twitter, he's an outs, major lay offs as well. stocks or over our overall down in the mid term. what struggles is the company facing right now? they're kristi. the numbers actually have been a bit of a mix that back, i mean on the upside. profit was them higher than expected, even if it was down quite a bit from the record profit. that tesla reported in the

guns." [ laughter ] according to a new report, the biden administration got in touch with tesla for advice on electricicy despite president biden's public feud with elon musk yeah, biden's not afraid to hash it out with someone he disagrees with he still thinks he can be friends with mitch mcconnell [ light laughter ] hell, just yesterday, he had lunch with that bike [ laughter ] i wondered all day, "how does a bike sit at a table? and that's - [ laughter ] that's the best possible way to do it. media mogul rupert murdoch is reportedly divorcing his fourth wife, model jerry hall wow. that's his fourth wife who is his first wife? eve? [ laughter ] former president trump is reportedly planning to visit alaska next month, so get ready for that stream of consciousness. "it's so good to be in alaska, which is not connected to the other states many people don't -- many people don't know that. very, very unfair of the mainland the way they treat alaska is very unfair. it's very -- home of juneau juneau that wacky high school girl who got pregnant." [ laughter ] "she said silly words. she talked in a very --

other electric vehicles may require an adapter to connect as tesla vehicles use a different connectorin north america. uber is testing out a charter bus service right now, uber charters only available in dallas and houston writers can book through the app. the service caters specifically to group events such as weddings and family trips. the busses are provided through a partnership with us coast ways, which has a fleet of limo bus is executive busses and school style busses. uber plans to extend the service nationwide later this summer. in the netherlands could soon become the first country in the world to establish working at home as a legal right. dutch lawmakers are considering groundbreaking legislation that protects employees who want to work remotely, it would give workers who do not want to return to the office far more power in their dealings with their boss. the lower house of dutch parliament approved the work from home measure earlier this week. it's still needs an approval from the dutch senate before it becomes law. interesting very interesting to give it to the hands of

high, then you should be buyingc an electric car at the same time they're pushing that agenda, including in saudi arabia. you have california tellinghi people who own teslas or othercl electric vehicles not to plug in during peak hours becausees they may have blackouts and brownouts. you have people in the dutch protesting because the government is infringing on their personal property rights to push this green agenda. and you also have europe eessentially turning their coal plants back on during an emergency crisis when it comes i to natural gas because of what russia has done in ukraine. so alternative energy agenda is a very painful one . but the pain is the point innf this administration. they have no intention of reducing prices for americanscr atat the pump. and in terms of democrats now coming to terms right before an election about how things are to, expensive about inflation they did this. is their fault, not republicans did not vote for the american rescue plan which shot inflation through the roof. okay, that t was all democrats. >> t and the problem with inflation is you can't put it back so well that the voters are looking att it and saying w

tesla at all? >> it does. it's a nice boost. people are going to get nice rebates for purchasing electric cars and tesla's are still the best valueink that this is a multiple year tailwind and they are in a good spot. >> great to have you with us. be sure to turn into bloomberg radio to hear more from the days big newsmakers. we are broadcasting live from our studio in hong kong. there is more ahead. this is bloomberg. ♪ >> let's look at the day ahead for australia and new zealand. australia is scheduled to release data. the australian financial review is reporting that the bank of australia is hiring more engineers and software developers in melbourne in an effort to attract the best people from across the country. >> you will be is suing a chinese developer and its units in hong kong. the bank alleges that it breached terms by reallocating loans and allowing shares between the units without the banks consent. it adds to broader signs of -- among china's property debt crisis. a ceo told bloomberg tv that he is also concerned about getting caught in a sanctions crossfire as geopolitical tensions rise. it had announced last week t

the annual forecast, they are set to release a barrage of 135 new electric vehicles. tesla'share of the market could fall to 11% by the middle of the decade from over 70% today. planning to expand into india by an agreement with the reliance band -- brand. this is an ambitious global franchise so far. siemens is taking a 2.8 billion euro hit on the declining value of its stake in turbine makers siemens energy. it is hit by rising energy costs and disruption from the supply of metals. the industrial giant owned just over one third of siemens energy. that is the bloomberg business flash. tom: thank you. european stocks are headed down this morning, for the worst selloff since 2008. patrick armstrong, the plurimi wealth cio, is still with us. there is an argument that us across the household now, given that oil prices are down 10% over the past month. do you think there is further to go within the energy complex? patrick: i don't think energy prices will move higher, but i don't think they are going to plummet. this would be slightly expensive at $60 oil that would be cheap, and

electric car maker tesla has filed a quarterly earnings support with the surprise included. it says tesla's fremont factory will begin mandatory mediation with the equal employment opportunity commission or the eeoc. this year's follows complaints from black workers who claim they face discrimination and civil rights violations. ifiation fails, the eeoc can sue tesla in federal courts. california is running a parallel investigation. tesla has asked that it be dismissed and a judge will hear those arguments next month. up next apologizing for historic sins of the church. pope francis makes an unprecedented trip to canada and asks for forgiveness. >>> backpacks are coming in by the truckload. i'm consumer investigator chris chmura. all this month we're supporting our schools straight ahead. we'll show you how you can participate. >>> i'm chief meteorologist jeff ranieri. check it out. that fog is starting to return right now, but i'm also trackin seen this ad? it's not paid for by california tribes. it's paid for by the out of state gambling corporations that wrote prop 27. it

. >>> tesla is no longer the world's biggest electric vehicle maker. it's now been topped by a chinese competitor. chinese byt backed by warren buffett beat out tesla in global sales in the first half of this year. tesla was hit this spring by covid lockdowns and travel restrictions in china. many of byd's models are plug- in hybrids which are counted as zero emission under china's sales rules. the company and battery maker are preparing for a push into foreign markets including here in the u.s. >>> amazon is celebrating its 28th birthday today marking one year since jeff bezos stepped down at ceo. on this day in 1994, bezos incorporated the company after launching it in his bellevue, washington, garage. andy jackie took over as the head of the company. stocks hit a record high, but since then it's down more than 40%. fallout from the covid pandemic, record inflation, supply chain constraints and labor challenges have all plagued the company. amazon is still worth more than $1 trillion. >>> up next, you may know her as dance cam mom. now the warriors fa

still up above 67 this time last year >>> tesla no longer the world's largest electric vehicle seller. elon musk, auto company trails, chinese auto maker byd war reason buffet holds stake in that company it sold 360,000 plug-in hybrid cars the first half of the year. tesla reports it sold 504,000. the company blames lower sales on supply chain problems commerce shutdowns in china, after recent covid lockdowns. >>> and the title for the youngest self-made women billionaire in the united states now longs to singer and fashion icon rihanna forbes reports at 34-years-old with a ten digit net worth rihanna is the only woman on the billionaire list under 40. the next youngest, that's kim k. she's 41. >>> on wall street, the dow down 129. but it was down northern 700 earlier in trading the s&p up six it had been down the% at session lows the nasdaq up 194. i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news the warnings were everywhere of travel chaos. so was it? cnbc's phil lebeau with the number >>> boris johnson, fighting to stay in power with his governme

pm, from the state electricity commission. tesla few days and telling bitcoin minors in texas to stop using electricity during the afternoons when they needed. a lot of office buildings etc. but when i was there in texas they had a point because if you look at the charging stations and infrastructure buildout in austin, texas, they were packed and lined up with electric cars like tesla. ashley: it is always hot in texas in july. next one, the los angeles times is warning about the environmental danger in the transition to solar. how? susan: they have limited means of disposal so expired solar panels not good on the environment because of toxic chemicals but the problem in california, it is home to the largest amount of solar panels in america, 20 years, one. 3 million rooftops that have some of these solar panels, generous state government subsidies to buy them. they only have a 25 year lifecycle and contain toxic heavy metals like selenium, cadmium which could contaminate groundwater if not disposed in the right way. that the heada

. >>> tesla is no longer the world's biggest electric vehicle maker. 's been topped by a chinese competitor. >> it's byd backed by warren buffett. that's the name of the company. it beat out tesla in global sales in the first half of this year. many of their models are plug- in hybrids which are counted as zero hybrid. >>> tonight at 7:00, could it be president gavin newsom. the new poll shows how he would run and fair against former president trump if they both run in 2024. that story and more coming up on our 7:00 newscast. >>> up next on nbc nightly news, lester holt reports from highland park, illinois. new details just released about the suspect. toll and the charges announced in a fourth of july parade shooting a seventh person died after police say a gunman randomly fired more than 7 rounds with high-powered rifle from a rooftop onto a crowd below in highland park. the new image investigators say the shooter disguised himself as a woman to blend in and make his escape he preplanned the rampage for weeks. new details how police found the car he wa

tank, the exhaust system, sometimes the transmission, all of these are replaced with an electric motor and at tesla battery, there seems to be no shortage of tesla drivers wrecking their cars in providing a plentiful supply of parts. cars being retrofitted here include a classic b, m, w, a sleek, black corvette, and even a goal wing delorean, ready for a trip back to the future. the cost of an electric overhaul ranges from $18000.00 to $30000.00. if you want to convert your classic car to an electric vehicle, you're going to need some patience at this shop. for example, the waiting list for new customers is 5 years. so our typical customer is one that really loves their car either it has a, you know, significance to the family. maybe it's been handed down or you know, customer has driven it since high school. so typically, automotive enthusiasts best describes our customers. right now. those customers are also laughing at sky high fuel prices. bream says he's concerned about the environment and global warming, but reducing c o 2 emissions isn't his big motivation. a motorhead. i'm a hot rodder, i'm

the electric car firm, tesla, which made waves last year when it revealed a major investment in bitcoin5% of its bitcoin, which was worth about £1.7 billion at the end of last year. social media sites are now the number one source of news for teenagers, according to a survey by the broadcast regulator 0fcom. instagram, tiktok and youtube are now the most popular sources for young people, but print, tv and radio news outlets still dominate in older age groups. here's more from our media correspondent, david sillito. young teenagers are not the biggest consumers of news, but around a half say they are interested in what's going on. but where are they getting it from? the answer, of course — their phones, tablets and computers. even for those studying media, tv and newspapers are far from the first port of call. due to the fact that we have an accessible, like, phone which knows everything and we are able to find all the information we need at a click of a button, it's almost unnecessary to us to purchase something when it's for free on our mobiles. the top three places helping to keep the

more than $100 billion in electric vehicle battery investments by ford, general motors,-day, tesla and more. and just last week, s.k. corporation of the republican of korea announced $22 billion in new investments in semiconductor batteries, chargers and medical devices, creating another 16,000 jobs here in america. and this is following the strongest rebound in american manufacturing in over three decades, creating 613,000 manufacturing jobs. passing the chips bill was going to put another $72 billion for incentives and tax credits to expand semiconductor production. and the inflation reduction act will add another $370 billion in clean energy tax credits in reconciliation. included to accelerate domestic production of solar panel, wind turbine, batteries and critical materials processing. that doesn't sound like a recession to me. thank you very much. [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] [captions copyright national cable satellite corp. 2022] timy consume. i stand before you today to