Tesla commits to price-cutting strategy despite drop in profits

BUSINESS DAILY © FRANCE 24

Electric vehicle maker Tesla reported a 24 percent rise in revenue in the first quarter of the year, while also seeing a 24 percent drop in profits. This follows a price-cutting drive in order to gain more market share in an increasingly competitive industry. Also in this edition, the Republican Party presents its plan to raise the US debt ceiling, and American marijuana producers struggle with market saturation.