BBCNEWS Asia July 3, 2024
Its been tough several months for elon musk� s firm its been struggling with falling sales because of intense competition from its chinese rivals. Well have some analysis shortly but first, heres our Business Correspondent erin delmore. Its been a rocky road for tesla this year. Interest rates are taking a bite out of Purchasing Power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is teslas stock. Its fallen more than 40 this year, the company is cutting prices and announced lay off, then on tuesday i...