they aim to introduce 30 models worldwide by the end of the decade honda will use batteries from gm and other suppliers for the time being and spend $60 billion on research and development. >>> when we return, china dealing with the covid lockdowns. a report from the ground and global implications. >>> we are celebrating financial literacy month investor and super bowl champion ndamakong suh. >> financial literacy needs to be in the school system. i wish i had it growing up it is important for our youth to learn that at an early age it is prevalent in their life. we find ourselves wide eye open with leasing a car or buying a car or looking for your first home or apartment and understanding your credit is part of the decisions. if you don't have that basic foundation and knowledge, you will not be able to succeed in life >> announcer: executive edge is sponsored by at&t business at&t 5g is fast, reliable and secure nesses! you all deserve something epic! so we're giving every business, our best deals on every iphone - including the iphone 13 pro with 5g. that's the one with the amazing c

musk presented is -- is coming true that's what's happening here and then you start to look at the gms and the fords and everybody else and say can they really catch up? >> well, i think they can. but, listen, to your point when you look at the quarter it was a pretty stellar quarter and a very uncertain economic environment, in an environment where input costs are going up, they were able to increase their revenue, their volume, their margins, their profitability, and at the same time launch some pretty big plants in two parts of the world that being said the auto makers, the established auto makers are getting their act together i mean at the end of the day tesla's advantage is first and foremost their software and battery company. they understand not only the battery chemistry, they also spent a lot of time on understanding the manufacturing of the battery and if you think about the auto makers they have always focused on for example the engines in their vehicles because that's the biggest, you know, input cost for their total vehicle cost so they are now really spending a lot of ti

we have alan joining us next we will hear from gm and warner brothers discovery all before the opening bell you are watching "squawk box" only ocnn bc >> announcer: this cnbc program is sponsored by truist securities cal: our confident forever plan is possible with a cfp® professional. a cfp® professional can help you build a complete financial plan. visit letsmakeaplan.org to find your cfp® professional. ♪♪ i didn't know my genetic report could tell me i was prone to harmful blood clots. i travel a ton, so this info was kind of life changing. maybe even lifesaving. ♪do you know what the future holds?♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business.

gm is trying to source cobalt. ford is trying to source cobalt. are any of these sources in the u.s., nay nay, i say we're making the same mistakes again. elon musk is right we have to get economies of scale. the problem is nobody in the u.s. want to do any money. they'd like to do the same thing to mining they've done to fossil fuels at a time when mining is something we need big time if you're going to go the ev route. none of it makes any sense to me i still say the best way to go is make any car that runs on gas dual fuel for natural gas. we have a lot of it. it's clean i hear all the belly aching but it is relatively clean, and i did a conversion ten years ago, it's not that complicated. all you do it yourselfers, get a wrench out and open the garage door, go to youtube and cnbc.com, i'll show you how to do it to your own car. >> it strikes me this is a place where the government could get involved and rick, don't freak out before i say this it strikes me one industry doesn't necessarily talk to the other. how does the mining industry know or