time for the look at the business. we'll start with news from tesla, the electric car—maker is the focus of investors on wall street for all the wrong reasons today. they have opened sharply lower, slashing the price war its model free car by around $2000 in major markets, including germany and china. that is after similar price cuts in the united states. tesla has been grappling with falling sales and rising competition in the electric car market. that is causing many investors to rethink how they value the company. shares have lost more than 40% of their value this year. tesla reports quarterly results tomorrow evening. earlier i spoke to david bailey, professor of business economics at the university of birmingham, he specialises in the car industry. he gave me a sense of just how tough it is right now for tesla. . , just how tough it is right now for tesla. ., , , . just how tough it is right now for tesla. ., , ' . ., ., tesla. really difficult water for tesla,

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