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Good morning from the Financial Times.
Today is Thursday, July 24th, and this is your FT News Briefing.
Tesla seems like it can't shake the bad vibes, and private equity firms are recycling their assets.
Plus, Taiwan will hold recall elections this weekend,
and the outcome could mean a lot for its relationship with China.
I'm Mark Filippino, and here's the news you need to start your day.
Tesla saw last quarter's profits fall 23% year on year.
The carmaker said yesterday that electric vehicle sales are continuing to slide.
And that's due to a few things we've mentioned on the show before.
An aging model lineup, more competition from China,
and a consumer backlash against CEO Elon Musk's political activities.
And even though Musk promised to refocus his attention on Tesla,