u.s. company tesla. the chinese companies b y d n b a i see together dominate the global market followed by b.m.w. the electric division. comes in a lowly 10th position. german manufacturers of electric cars are struggling in the domestic market one reason is there are too few places to charge the cars francis schneider electric is a global leader in charging stations but sales in the german market pale compared to other european markets. and. when it comes to the infrastructure for electric charging other european markets are easier than the german market is they simply don't have the same regulations the german market is particularly complicated for us. right now there are only 5600000 electric cars in the world. that's a small fraction of the 1400000000 combustion engine cars around the planet. but the share of electric vehicles is growing rapidly. many countries have already decided which way they want to go. the registration of combustion engine car. as in cities in china and india will be back in 10

u.s. automotive companies. ford, gm, tesla.alf of gm sales come from china. 1.4%.tock is down about you are really seeing the repercussions ripple through the market. chinese etf's also taking a leg lower today. not currency related. david: thank you so much, kailey leinz. more "balance of power" next. this is bloomberg. ♪ david: this is "balance of power" on bloomberg television. i'm david westin. we end our week on a note of optimism. i sat down with famed documentary film producer ken burns this week to talk about his new film "country music" which tells the story about a musical genre but also about a lot of strands of american life, from civil rights to the curse of poverty. i asked whether through telling the history he is really trying show how we might come together at a time when some people would divide us. >> this is a problem for both sides. show how we might come together at aif you remember whe came through, the dot dynasty people were saving the lives of brown and black people in houston and louisiana. it is all

tesla avoiding a 10% tariff last week and those factories are part of a strategy we see u.s. companies deploying which we call in china for china so essentially building products locally to sell into the consumption story, chinese growth over the last six months or so driven about 75% by domestic consumption so i think people really still believe in that both domestically and certainly american companies as well. >> do you think that can continue or do you view it more as a short-term phenomenon >> i think it's long-term. >> we are obviously very long the china consumption story. we belief that consumers here are continually upgrading their tastes and a lot of that consumption upgrade involves foreign brands consumers want to buy tesla cars and use dyson and that will drive increased amounts of investment in china as they try to tap into the consumers that are wealthy and aware of a global array of products available to them. >> when i was in hong kong a couple of weeks ago i met a gentleman at the airport that started a bunch of companies he is launching a new business it's basically

u.s. now it is time for the bottom line. we take a look at companies worth watching. we are joined by sonali bostic and sarah -- and sarah ponczek. we had teslayesterday when tesla's elon musk told his staff in a memo they may get another record 100,000 deliveries. according to bloomberg's dana hull, that would bring them to the low end of their projected range. alix: thank you so much. i want to know if tweet was approved. the second company we are watching his micron. the company gave a disappointing profit forecast. sarah, break it down. sarah: micron reporting earnings after the bell. further fiscal fourth-quarter we did see the company beat on the top and bottom line. about $4.9d come in billion. the sticking point, the issue was gross margins and a quarterly profit outlook. micron saying in their fiscal first quarter, they are expected share.d eps of $.46 a that compares with an estimate of $.49. you are seeing shares ticking lower. they areny also warns still very much vulnerable to u.s.-china trade. the recent pickup you have seen a demand for new orders might not be sustainable. analysts seem optimistic. you saw a raise their price t