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company's income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top—selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn't come as a complete surprise, given tesla cut prices on its top—selling cars several times last year, and in fact did it again this week. tesla i...

we start here in the uk — where investors are now betting the cost of borrowing will have to keep rising because inflation remains stubbornly high. that's despite a pledge by the government to bring it down, and a barrage of interest rate rises by the bank of england attempting to get it under control. just a few weeks ago, we were assuming that after 11 increases in a row, the bank would not have to raise rates much further. but on wednesday, there was a major rethink on financial markets, which are now pricing in three more rises this year, with rates hitting 5%. here's why. pric...

Company's income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top—selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn't come as a complete surprise, given tesla cut prices on its top—selling cars several times last year, and in fact did it again this week. tesla is grapplin...

Jump trick, the company saw a 36% jump in deliveries but the price cuts also mean the profit margins on each car sold have gotten smaller. ann berry is founder of the private equity company threadneedle. we will talk about these results. interesting, elon musk on the conference call after the results were out was saying he thought the pursuit of increased sales, albeit at a lower price, is the right strategy at the moment, do you agree? in strategy at the moment, do you a . ree? , strategy at the moment, do you auree? , ., agree? in terms of whether i a . ree agree? in terms of whether i agree...