and if you look at tesla specifically about fifteen percent of their sales were generated in china so far china is not the big market for tesla but that could change even if the stock traded a bit lower here and the monday session now is a big week for the markets with earnings season open one hundred eighty nine companies on the s. and p. five hundred sets report and. it's the busiest week of the earnings season by far and one reason that the stock market has risen so much of the past couple of months was due to the expectations that corporate earnings actually will come in a better than expected and we've just seen that recently that we had some misses and that actually could put some pressure on the market here on monday for instance the stock of general electric lost more than six percent in value after that company mr earnings expectations on for right it was the first earnings miss in about two and a half years especially the focus will be on thursday when the big tech companies will be out with earnings amazon google microsoft intel but then also on tuesday we will have general

tesla is only game in town. tax credit.ave a that tax credit will be phased year.er the next audis and bmw and lexus will in 2019ving their cars and 2020, they'll have the tax loses theirs.sla are you still going to want your a taxthree without credit. scarlet: tesla sales was 260 model three units. car counts. have to be either or for the likes of gm. versus, tesla who's already in the market that doesn't face that much competition? can they both divide and excel here? >> i guess we don't know what long term profitability looks like for electric vehicles. about so heavily subsidized. batteryill investing in technology. other angle here, if those ready to take off, one argument is vehiclesave so many idle most of the day. that's unanswered question. seems like there's so much sides.ness on both scarlet: conor sen joining us from bloomberg atlanta. coming up. goldman sachs talking about a trading operation currencies. just after jamie dimon called fraud. a what do other banks think of those currency. this is bloo

the gm versus tesla story is go we talk about. for people who want to call tesla a tech company only, the delivery story is still a relevant topic >> bottom line, we've seen delays all the time historically

we're going to kick off with the story about tesla. tesla's model three makes a sluggish start. a month ago tesla's shares went up because they said they were on track to launch the model three. in said they were on track to launch the modelthree. in the said they were on track to launch the model three. in the last quarter, they were meant to make 1500 cars. they only made 260. this whole idea of is tesla serious, can it really meet its giant goals of being a competitor, that's a question now and tesla shares have falle n question now and tesla shares have fallen as a result. from 1500 to 200? tesla burnt through billions of dollars of investors money and never made a profit and it is on the promise of dominating the electric car market. any time you get something like this where it looks like it is not going to make its production goals, the share price will double. elon musk has a lot of road to run before tesla meets its reckoning i suspect. he is still the darling of silicon valley because the market value of tesla surpassed general motors. ford and general motors. tesla ha

and the culture is on wall street force against is this a sign that tesla is struggling or is it just an ordinary shake up of personnel. tesla itself is saying that they are actually doing those review was about the performance of their workers on a frequent level and obviously the management was not really satisfied with the findings but on the other side there is a lot of speculation going on if tesla can meet the pretty high production production targets they have out themselves and wall street is getting nervous the stock here on monday was down by about one and a half percent and for the month tesla is down about eight percent but still if you compare it to last december when the stock traded at two hundred dollars we're now almost at around three hundred fifty s. all the stock is trading pretty high but recently there has been a little bit of pressure and valves that can meet the production targets any time soon all right so yes let's switch gears away from cars so to speak apple stock rose today after a boutique investment bank upgraded the company why now well the analyst is q

the stock was down by about 1.5% and for the month tesla is down 8%. if you compared to last december when the stock was trading around $200 and now it is trading around $350. but there is a doubt that tesla can meet the production target anytime soon. >> apple stock rose today after a boutique investment upgraded the company. why now? correspondent: analysts are optimistic that if apple cannot sell more phones they can at least play around with the price tag. the newer model, 10 or x, it costs around $1000 a piece. analysts say people are willing to pay this price. if you have more expensive product, it will increase your profit margin and your product. the stock traded by 2% up and we are not even 50 points shy to meet 23,000 points. brent: thank you very much. now to an icon of the german car industry. the old vw beetle is getting a new life. if you find yourself in this mexico city district, you maybe hailing one for a ride. correspondent: this is the beetle capital of the world. here the roads are so steep and narrow that public transportation is

tonight on "fast," tesla is nearing a bear market, 8% from its 52-week high it could be flashing a major buy sign plus a slew of stocks reporting earnings next week one name the chart master says is gearing up for a breakout we'll tell you who is in the lead to win the coveted fed chair seat >>> first, the nasdaq hitting a record high as big tech goes parabolic, $151 billion added. amazon, alphabet, microsoft, and intel, their stocks are soaring. next week, apple and facebook report their earnings. can you expect more of the same? and will these giants turbo charge the tech rally, guys? >> it will be harder for a company like facebook, for example, to do what a microsoft did today or an intel did today or any of the names you mentioned. they really have to prove themselves in terms of the stocks we saw, look at a company like adobe, lamb research, salesforce.com. other names are making all time highs. valuations for a lot of these companies make sense throw amazon into the mix, obviously. out of all the ones we mentioned, the most impressive to me was alphabet for a number different reas

they say is your business update on how to have free in berlin thanks for joining me tesla is looking to get a piece of the pie in the world's biggest electric vehicle market the wall street journal reports that the comic has reached an agreement with chinese authorities to build its first plant in china the facility would be in shanghai is free trade zone the details will still be wiped out but tesla reckons the factory could help cut production costs by that. our financial correspondent yens quarter is on wall street we can talk to him now yes how important is this news for tesla. well it could be a game changer because overall if you look at it one of the details of the potential deal would be that this production facility would be wholly owned by tesla so far all the foreign car companies they need a chinese partner that deal probably would not have that included and it would bring costs down quite a bit for tesla and china is the biggest market for electronic vehicles this year alone probably. more than double electric vehicles will be sold in china in comparison to the u.s. and

and switching gears if you will one of the companies worrying traditional comic has is tesla but things aren't running so smoothly for them either it's estimated that testified as many as seven hundred office stuff after receiving bad performance reviews that means it's firing more stuff than it is producing cars some four hundred fifty thousand customers all waiting for that model three but only two hundred sixty well made last quarter despite massive layoffs tesla is still looking to hire hundreds of new employees on the call to is on wall street force against is this a sign that tesla is struggling or is it just an ordinary shake up of personnel. tesla itself is saying that they are actually doing those reviews about the performance of their workers on a regrind level and obviously the management was not really satisfied with the findings but on the other side there is a lot of speculation going on if tesla can meet the pretty high production production targets they have out themselves and wall street is getting nervous the stock here on monday was down by about one and a half percen

tesla has increased the buying capacity to $1.1 billion the move comes as tesla spends heavily to fix production bottlenecks of its new model 3 some analysts say it's harder to manufacture than tesla anticipated. it seeks to raise $1.5 billion as a source of cash to help ramp up production of the new demand. shares of tesla up 7% in the past three months and up 2% in early trading. >> thank you very much for that. >>> in other corporate news this morning, a new report suggests spotify could be val utd at $20 billion when it goes public. they say the streaming service could be eventually worth $100 billion. they've advised spotify for years on fundraising says the company's growth will be driven by paid subscribers, numbers growing and better deals with news labels they have hit 60 million paid users. >>> online lender sofi held a sale earlier sofi began talks after a foreign bank made a $6 billion indicatetive offer the company raised $500 million in funding in february that valued it more at 4.3. last month the founder and co-founder resigned. >>> still to come on "worldwide exchange

that was another part of the rational with tesla. they can now package cars and solar panels and batteries all at once so you're not having to deal with lots of salespeople or other things increasing the cost for solarcity. cory: for the people who get bored when they hear about the municipal debt, puerto rico, the financial system in puerto rico presently prevents the island from rebuilding a modern infrastructure because they do not have the money to do it. they do not have the facility anywhere else in the united states might have. until that gets resolved, we will not see a solar puerto rico. we will not see a cutting edge power grid like we might see in texas or florida. >> it is what makes this kind of proposal, is supposedly the governor puerto rico and elon musk talked today, it makes it intriguing because over 90% of their power lines are down now. they don't really have a grid at the moment. cory: they could build a new one. >> it is enticing to think of puerto rico is a microcosm of the place without transmission lines whe

tesla was able to produce a few cars and more as expected and so overall the stock of tesla also gained here in the tubes this session court in new york thank you iran's economy is thirsting for investment and after signing the landmark nuclear deal with the west in twenty fifteen it looked like things could be improving for the second largest economy in the middle east but as the rhetoric between washington tear on has become fiercer recently bridging the gaps that they ran europe's former forum has become easier. the annual conference brings together government officials from around with businessmen bankers from around discuss deals with

they say is your business update on how that home for it but then thanks for joining me tesla is looking to get a piece of the pie in the world's biggest electric vehicle market the wall street journal reports that the comic has reached an agreement with chinese authorities to build its first plant in china the vicinity would be in shanghai's free trade zone the details will still be walked out but tesla reckons the factory could help calm production called by that. our financial correspondent yens quarter is on wall street we can talk to him now here is how important is this news for tesla. well it could be a game changer because overall if you look at it one of the details of the potential deal would be that this production facility would be wholly owned by tesla so far all the foreign car companies they need a chinese partner that deal probably would not have that included and it would bring costs down quite a bit for. china is the biggest market for electronic vehicles this year alone probably. more than double electric vehicles will be sold in china in comparison to the u.s. and if

if you want to buy a tesla it's roughly 20% more in china than the us. china are trying to get more hybrid and green ca rs trying to get more hybrid and green cars on the road so they have free enterprise system, free trade zone that tesla can build this back today. they will still had to pay the 25% tariff but the production costs will be cheaper. all right, hopefully people go and buy them then. now is the year—end holiday season inches closer many people are already booking flights and travel accommodation and its increasingly being done online. in fact asia's digital travel market is forecast to overta ke digital travel market is forecast to overtake north america as the world business this year. that trend benefiting companies such as edinburgh—based search websites guys ghana. we visited the headquarters and met with co—founder gareth williams. it started in 2001 with three friends sat down in a london pub and has since grown into one of the industry ‘s biggest players, i am joined by co—founder gareth williams and we have two magnets to

the trades for tesla have stalled but they have a way to manage their losses, they'll explain how when "options action" returns. i think it's terrific. your kids go to college and you start trading. >>yeah, 5 years already. 5 years, hmm. you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade. witness katy perry. witness katy perry become a legal witness. witness katy perry and left shark. or a card shark. grandma? witness katy perry work. witness katy perry firework. witness katy perry swish. witness katy perry... aaaaaaw look at that dog! katy perry: with music videos and behind the scenes footage, xfinity lets you witness all things me. well, it'sonce again.eason >>yeah. lot of tech companies are repo

how important is this news for tesla? >> it could be a game changer, because overall if you look at it, one of the details for this deal would be that this production facility would be owned by tesla. so far, all of the foreign car companies need a chinese partner. that he'll probably would not have that included, and it would bring costs down quite a bit for tesla and china. it's the biggest market for electronic vehicles, this year alone, probably a bit more than double the electric vehicles will be sold in china in comparison to the u.s. if you look at tesla specifically, about 50% of their sales were generated in china. so far, china is not the big market for tesla, but that could change, even as the stock traded lower in the monday session. >> is a big week for the market, with earnings season open 189 companies on the s&p 500. >> it's the busiest week of this earnings season, by far. one reason that the stock market has risen so much in the past couple of months was due to the expectations that copper earnings actua

. >>> plus, talk about a shocker the trades for tesla have stalled but they have a way to manage their losses, they'll explain how when "options action" returns. i think it's terrific. your kids go to college and you start trading. >>yeah, 5 years already. 5 years, hmm. you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade. or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed to save you money. call, vi

and if you look at tesla specifically about fifteen percent of their sales were generated in china so far china is not the big market for tesla but that could change even if the stock traded a bit lower here in the monday session now as a big week for the markets with earnings season open one hundred eighty nine companies on the s. and p. five hundred sets report and. it's the busiest week of the earnings season by far and one reason that the stock market has risen so much in the past couple of months was due to the expectations that corporate earnings actually will come in a better than expected and we've just seen that recently that we had some misses and that actually could put some pressure on the market here on monday for instance the stock of general electric lost more than six percent in value after that company mr earnings expectations on for right it was the first earnings missed in about two and a half years specially the focus will be on thursday when the big tech companies will be out with earnings amazon google microsoft intel but then also on tuesday we will have general

melissa, i want to quickly transition into tesla, there was some news late in the day about tesla, announced the recall of 11,000 model x suvs. this is to repair a cable that is broken in the rear seat there have been no injuries associated with this it's a very small recall relative to other release we see in this industry but again, 11,000 of these model x suvs have been recalled worldwide. tesla believes that they can repair most of these vehicles with a mobile unit actually going out and working on these rear seats melissa? >> that's a vast percentage of the model x's produced tesla delivered 8,000 something? >> reporter: i think so, you're correct about that in terms of its overall production of model x, that is not a huge percentage of it. >> okay. >> reporter: it's worth noting but again, the one thing we always keep in mind, melissa, when we report on releascalls, y recall gets a lot of attention when it comes to tesla in comparison to other recalls, this is not a huge deal. >> phil, thank you adam jonas covers morgan stanley. let's kick it off with the tesla recall, where phil left

the gm versus tesla story is go we talk about. for people who want to call tesla a tech company only, the delivery story is still a relevant topic >> bottom line, we've seen delays all the time historically from tesla, and it's never dented the sentiment in the stock. >> in the long run you have short term moves based on these long term delays. i've been a fan of tesla, don't have any position in it, because it appears the market is focused on these production delays to me, tesla is not just a car company. but until the market starts to value it again as not just a car company, you have to be hands on >> call it the amazon affect check out shares of costco getting crushed today following its earnings report. the cfo talked about the pressure from amazon on the conference call last night >> as relates to, you know, the publicity in the news and the noise around, you know, amazon and whole foods, all we can do is perform when we look at the value proposition, our view is our value proposition got better you know, you read about hope

tesla's done that. i don't know if gm really has the ability to make a car, especially with tesla's model 3, i think that will win out in the end. but this value versus growth, i think that gm is in a sweet spot right now, off its recent lows >> totally agree, tesla's car, anyone who reviews it, loves it. but to say that gm can't produce a car as exciting and fun, by the very nature of the ev approach, you're going to feel the same acceleration and exhilaration in driving that car. >> it just hasn't happened, you have to agree tesla has been around for a while gm has had those initiatives in place with their chevy volt. it just has not happened yet where they've created busy the way tesla have >> when the model 3 actually goes on sale, what gm and ford have done, they often give incentives on cars tesla is not known for giving any incentive. >> the government. >> but that's a level playing field, that's being given for all cars if you don't have an incentive on top of that offered by the manufacturer, w

tesla also wa nts to factories in the country. tesla also wants to expand its presence in china's growing electric vehicle market, without promoting its intellectual property or independence. there is a real worry that if it links up with local manufacturers, as other foreign firms have done, it will potentially had to share some of its technology around electric vehicles. the chinese government has considered allowing foreign automakers to set up allowing foreign automakers to set up wholly owned factories in free—trade zones in part to encourage lots more production of electric and hybrid vehicles. they really have all these targets which they want to hit to try and lower emissions. it is incredibly polluted air. the government call these —— calls these new and 80 vehicles, are essentially they want to meet ambitious sales quotas that is. —— new energy vehicles. it has said that this could be produced in free—trade areas, which would give the $50 billion electric cart market a big shot against its rivals in the fastâ

julia: tesla crowd a winner. a report today giving elon musk 's company a buy rating and $500 target price. is our senior analyst -- a senior analyst been great to have you. bowl -- bull.r why, why are you so bullish here? >> you have to look at the long-term opportunity. we have a secular shift in the automobile industry. towards electric vehicles. less than 10 2025, years, we think there will be 10 million to 15 million electric vehicles on the road and tesla today has 35% share in the luxury segment of the u.s. car market. they are introducing a mainstream car called the model 3, which will target a subsegment that is 10 times the size of the luxury market. i the early part of the next decade, they could be shipping north of one million cars per year. that translates to $60 billion in revenue in what we think could be a market capitalization north of $100 billion . julia: if they get around production issues. >> they have near-term production issues. scarlet: looking for $500 per .hare for tesla and 12 months

. >> owen diaz couldn't wait to work at tesla. a staffing agency got him a job at a elevator operator inside the factory in junl of 2016. he says almost immediately the coworkers began to harass him. >> they started calling him. [ bleep ]. >> and telling me to go back to africa which i found funny because i was born in pasadena. >> he says he found signed like this depicting droger to images of african-americans. >> he tried to ignore it but what happened to his son nearly breck him. dmitri diaz 19 at the time worked on the production line. >> turning the corner i was coming down to give my son his lunch. and the supervisor started calling him the f-ing [ believe ]. >> i saw this. >> i saw it. it hurt. >> how did you deal with that? >> it's my son. and any time it happened. >> i'm letting someone know. >> both men complained to the staffing agencies and supervisors. owen sent the email to the boss saying he didn't feel safe around a coworker he says harassed him. but they say nothing changed. until democraticry was let go a few mo

and yes call to is on wall street for us yes is this a sign that tesla is struggling or is it just an ordinary shake up of personnel. tesla itself is saying that they are actually doing those reviews about the performance of their workers on a regrind level and obviously the management was not really satisfied with the findings but on the other side there is a lot of speculation going on if tesla can meet the pretty high production production targets they have out themselves and wall street is getting nervous the stock here on monday was down by about one and a half percent and for the month tesla is down about eight percent but still if you compare it to last december when the stock traded at two hundred dollars we're now almost at around three hundred fifty s. all of the stock is trading pretty high but recently there has been a little bit of pressure and valves that can meet the production targets any time soon all right so yes let's switch gears away from cars so to speak apple stock rose today after a boutique investment bank upgraded the company why now well the analyst is quite

smaller,could be maybe bucket lead to real revenue for tesla. tesla,when it comes to he has had other projects around the world, especially when it comes to scaling up his business. south australia? max: gearing the way for blackouts in south extremity -- australia, a businessman tweeted he should build a power plant. elon musk struck a deal with the south australian government. i think it is significantly bigger than anything that any plant of its type. everything with elon musk, you have to separate the big talk from the reality. has skeptics will be quick to point out, the often launches products that don't always come to fruition or don't come to fruition in the timeframe. i think we have to step back and admire the moxie. let's hope it works for puerto rico. shery: next check in joining us with the latest. moving.midtown money we look at rich financial firms relocating to manhattan's west side. it is a fascinating story. this is bloomberg. ♪ ♪ this is bloomberg markets. a new financial hub taking shape on manhattan's west side. is the l

plus tesla shares up more than 60% this year. we'll talk to a analyst whose really bullish on the stock giving it the highest ice pr target on the street. "power lunch" will be right back. people don't invest in stocks and bonds. they don't invest in alternatives or municipal strategies. what people really invest in is what they hope to get out of life. but helping them get there means you can't approach investing from just one point of view. because it's only when you collaborate and cross-pollinate many points of view that something wonderful can happen. those people might just get what they want out of life. or they could get even more. >>> despite reporting disappointing delivery numbers and slower than expected production, a 500 price target which is the most bullish target on the street. joining us now is ra immediate shaw joining us. >> thanks for having me. >> you're a chip analyst, right? >> correct. >> when you're coming off the tesla valuation you had to meld various sectors in order to come up with this $500 price tar

. >>> businesses booming for tesla. you probably know that and the city of fremont is along for the ride. tesla is expanding. i want to show you a map. you can see the two properties that they want to build here on done barton circle. see it where the tesla factory is and the new building. about 11 miles from the tesla factory right off 880. about 20 miles from the tesla headquarters in palo alto. the move could bring up the thousand johns jobs to the area. that could mean a thousand more cars to the congested freeway. nbc bay area reporter is in fremont what's the evening? is there a plan there? >> reporter: yeah, raj you can see construction is underway in fremont. these documents were filed in alameda county. they suggest the working is being done by tesla. when they come, so will the traffic. new tesla jobs come to the site in fremont is big news to locals. but it may come at a big price for commuters. >> bringing a thousand jobs here. awesome. we many embrace that no problem. but downside is the traffic. >> with so

we reached out to tesla, it has no comment, but when you look at shares of tesla versus crude oil over the last three years, what an interesting chart this is, guys a lot of people three years ago would have said maybe a little tesla, but over the long term crude is the way to go that's not the case over the last three years >> that is a good chart. i don't think i'd seen that one lately, phil, thank you for that >>> let's hop over to the cme group and get the santelli exchange hey, rick. >> hi, carl. you know, while i'm speaking i'd like you to look at the chart on the screen this is a one-year chart of ten-year note yields on the dollar/yen of course, interest rate differential, currency, interest rates lined up of course, they are. i get that but every market gets in and out of phase, nothing is precise look at forwards, sometimes things that converge take a very different path before the ultimate convergence now let's go to my board with the same chart what's interesting, red is dollar/yen, black is ten-year note yields is they are right on top of each other, but for the point of t

tesla puts out a better project. >> reporter: so tesla has yet to show a profit. salton says it's because they poured the 20% they make on each car right back into the business just as amazon did when it started out. tom vacar, ktvu fox 2 news. >>> president trump visits puerto rico. >> met with storm victims today and assessed the damage but some of his comments and actions are raising questions. we'll explain coming up. >> a red flag warning for a part of the bay area. temperatures on the mild side. but they are going to warm, as well. see you back here with the wednesday forecast. ah, dinner. throughout history, the one meal when we come together, break bread, share our day and connect as a family. [ bloop, clicking ] and connect, as a family. just, uh one second voice guy. [ bloop ] huh? hey? i paused it. bam, family time. so how is everyone? find your awesome with xfinity xfi and change the way you wifi. >>> president trump visited puerto rico and saw the damage firsthand and helped deliberate supplies and at one points he is throwing paper towels into the cr

also near the bottom, tesla, which has just rolled out a new lower priced electric car, the model 3. consumer reports has yet to drive the model 3, but predicts it will have average reliability. >> let's be very clear. we're not giving it super high marks. we're basically it's par for the course, not below the average, not going to be above average. it's going to be average. >> reporter: tesla blasted that prediction as absurd, saying consumer reports' automotive reporting is consistently inaccurate and misleading to consumers. tesla says consumer reports has not driven the model 3 so it shouldn't be predicting its reliability. for its part, consumer reports says it knows enough about tesla to predict how the model 3 will hold up over time. as model 3 deliveries increase, tesla buyers will eventually determine if consumer reports' prediction is accurate. phil lebeau, "ni. >>> automakers are making strides in passenger safety. new crash tests from the ine institute for highway safety show ten of the 13 mid-size cars tested were graded as doing a good job in protecting passengers, good

and they go into effect tomorrow. >> tesla, layoffs continue. tesla started letting workers go earlier this month at the same time it was ramping up its car production. that included 200 employees at solar city offices in roseville. some employees tell us tesla is releasing more workers than it announced. tesla reiterated it is based on annual performance reviews. >>> should we check in with the warriors game tonight, also the world series. stay with us. woman: so, greg, it's a lot to take in. woman 2: and i know that's hard to hear, but the doctors caught it early. hi, blake! my dad has cancer. woman: and i know how hard that is to hear. but you're in the right place. man: and dr. pascal and her team, they know what to do. they know what to do. the doctors know what to do. so here's the plan. first off, we're going to give you all... (voice fading away) ♪ ♪ ♪ ♪ wow! nice outfit. when i grow up, i'm going to mars. we're working on that. some people know how far they want to go. a personalized financial strategy can help you get them ther

companies like tesla plan to set up in the city. >> we are part of the city. we're part of the region. we're not the little city outside. >> changes coming this part of dumbarton circle. renovation has gun on these two building that's will eventually house tesla. according to our media partner, the bay area news group, with nearly 230,000 square feet, it can accommodate up to 1,000 workers. there's no word on how long it will take but many business owners say it is good for the local economy. >> it will be more excitement. this will be more restaurants opening up. good for the city. good for people. >> residents trying embrace the new while new. >> the city broke ground today on coliseum connections. a mixed income development in the shadow of the coliseum b.a.r.t. station. the transit development was 17 years in the making. >> this is a phenomenal neighborhood. what a better place to live than right next on a b.a.r.t. station. >> roughly half the homes in the five story complex will be designated as affordable housing. >>> hi there. it is warm out here and br

. >>> the latest move by tesla. >>> nasa ♪ ♪ ♪ ♪ wow! nice outfit. when i grow up, i'm going to mars. we're working on that. some people know how far they want to go. a personalized financial strategy can help you get them there. see how access to j.p. morgan investment expertise can help you. chase. make more of what's yours. >>> we're now just ten days away from a deadline set by the state to fix the orville dam. take a look, this video here from the department of water resources shows crews rushing to finish repairing the emergency spillway by november 1st, before the start of the rainy season. record rain caused that spillway to erode and nearly fail last february forcing nearly 200,000 people to evacuate. this is if first phase of a much larger plan to restore the dam and its spillway to its original condition. >> it was an emergency. we had to get someone on the ground to start construction to meet the november 1st milestone. >> the original cost estimate for the project was $275 million. and right now the ballpark is around $500 million. work

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tesla was able to produce a few cars and more as expect to mend so all overall the stock of tesla also gained here in that use this session scored in new york thank you iran's economy is thirsting for investment and after signing the landmark nuclear deal with the west in twenty fifteen it looked like things could be improving for the second largest economy in the middle east but as the rhetoric between washington and terror on has become fiercer recently bridging the gaps that they ran europe former forum has become easier. the annual conference brings together government officials from around with businessmen bankers from around discuss deals with colleagues from germany or denmark due to recent developments the europe iran forum appears more important than ever in this its fourth year we're lucky to have european ambassadors senior officials from the european union and other figures from the policy world here in this event and bring these two communities closer together iran's political and economic ties with the west have been strained since donald trump became us president. the is

i think what we do have to point out is the fact that tesla isn't tending to invest in china without chinese participation i mean is that unusual or allowed even. you are absolutely right it is unusual it is not allowed as i mentioned earlier china does not allow foreign companies to set up wholly own factories in china however there is it catches something that has a can't bank on and that is a five percent stake in tesla by a ten cent holdings ltd and we all if we don't already know tense and holdings and it is a chinese company is so says that is banking on that for support in order to small the now the process is to set up in china hopefully by the target project the eight of the end of the year hang in singapore. now e.u. labor and social affairs ministers are meeting today to discuss the so-called posted work is directive now a post of worker is an employee who is sent by their employer to carry out a service in another e.u. member state on a temporary basis but the directive has come under fire in the past with critics saying it promotes wage dumping. equal pay for the same wo

tesla's reported a lot of losses, but the bulls just keep kicking up the dust around tesla. ross gerber is one of them. they're expected to show a loss of more than $2 this time around tomorrow, ross. you still like them? >> yeah. i mean, this is maximum spend time for them as they ramp up for the model 3 launch. we do expect a lot of losses over the next since months but it's, you know, ramping up to seeing their revenue double over the next 12. we're bullish, you're just going to have to be patient for this story to play out. liz: you've got model 3 concerns, the less expensive version of it. so you've got, i guess, general motors is starting to look better as a stock for at least some people who feel that they're ahead when it comes to autonomous vehicles, and yet tesla's trying to square that as well with their newer cars. >> i can't imagine who thinks gm's ahead at anything. i mean, gm is the least innovative company in american history. we're talking about tesla being way ahead of the competition in autonomous driving and in electric vehicles. who's not going to buy a

"tesla wants some of its cars to be made in china. the wall street journal and the new york times both reporting tesla has reached a deal to manufacture cars in shanghai's free trade zone and sell them in china. now tesla declined to confirm the reports but it has said in the past it wants to start producing cars here by the end of the year. this deal would be a first for a foreign car maker operating in china. the upside for tesla lower labor and production costs. that's a big selling point because at the moment tesla cars cost 50 percent more in china than they do in the u.s.. the downside...well the cars would still be charged. twenty five percent import tax because the factory would be in a free trade zone. other international carmakers operating in china get around that tax by partnering with local manufacturers. and like tesla those companies are also looking to cash in on china's growing electric car market. analysts say tesla will face stiff competition from bmw, mercedes benz and audi all launching luxury electric cars in chi

tesla is going to pay 25% taxes on cars. tesla is getting ripped off right and left, build factory and keep technology safe so they don't have chinese knock-offs or-technology, that's why they are not partnering, i think. >> sexy brand in the u.s., maybe they can get a premium in china. stuart: i have been skeptical about the electric car and the impact and i read a wall street journal editorial, to me i read the article, gasoline-power or electric-powered, he's saying the user experience of electric is fantastic. liz: it changed my mind, so quiet, such a sweet smooth ride. the writer of wall street journal said i squared a squirrel and could hear his own watch ticking. they sold 14,000 of these bolts since last december. tesla sold 220 model 3's and they expect 15,000. stuart: that's why general motor stocks have gone up in 2 or 3 months because of this electric car. liz: 35,000. ashley: i still don't think there's the need, what the companies need to do is get people to take test drive. stuart: todd, come in please. >> gm

tesla releasing its third quarter numbers. phil lebeau has more. >> the focus will be on the model 3. when you look at the overall deliveries, a little over 26,000, the majority of those being the model s and the model x. the model 3, 220 delivered in the third quarter. most analysts were saying it should by at least 5, 6, 6700 with 1500 in production. when you look at what's going on, keep in mind this is the very beginning, tesla alluded to those problems says there were production bottlenecks model 3 production was less than anticipated due to production bottlenext tesla had been guiding the street they ended up is getting a lot of attention today, general motors, it broke through the ipo high, post-ipo high. which had been -- now it's -- and today the company was saying it was ramping up its electric vehicles include two brand-new electric vehicles by the next -- over the next 18 months here's the reason why, guys. take a look at the biggest market for electric vehicles it's china that's not just this year, but for the for

the upside for tesla lower labor and production costs. that's a big selling point because at the moment tesla cars cost 50 percent more in china than they do in the u.s.. the downside...well the cars would still be charged. twenty five percent import tax because the factory would be in a free trade zone. other international carmakers operating in china get around that tax by partnering with local manufacturers. and like tesla those companies are also looking to cash in on china's growing electric car market. analysts say tesla will face stiff competition from bmw, mercedes benz and audi all launching luxury electric cars in china in the next few years. (gary) game one of the world series a scorching 103 degrees at first pitch at dodgers stadium the hottest world series game on record bottom 1st/ scorelesschris taylor solo home run off dallas keuchel 1-0 dodgerstop 4th/ scorelessalex bregman takes clayton kershaw deep and out the 7th homer kershaw has given up this postseason 1-1 tiebut kershaw fantastic from there still in the 4th strikes

i like tesla and i was curious what you think about it? >> tesla's a cool stock. there's 2,000 stocks i've inclined on the show if i tell somebody to beat it they're going to say it's ridiculously overvalue i have closen to punt on sesste. i've punted it, nailed it on the six. anybody that wants can it have it there scott in new jersey. scott. >> caller: hey cramer this is a michigan go blue booyah to ya. >> wow, it's been a little rocky but basketball season's about the start soon what's up? >> caller: i recently bought ford and honda based on the hurricanes and the thesis that first honda and ford also and still are trading at a discount for the high of the year ford makes more trucks and honda has its new ridgeline likely to be popular i wanted to know what you think about this >> i happen to like the stock of honda. ford was downgraded by a whole initiatives that are occurring are going to take a lot longer than mr. hack it, i think initially felt or certainly wall street wanted it to happen much faster i do not like ford, i go prefer gm very much it just keep

synonymous with evs is tesla, owner of the world's biggest battery factory. due to hit peak production in 2020, the gigafactory aims to produce enough batteries to power after million new electric cars every yea i’. tesla boss elon musk‘s ambitions go further than revolutionising our cars, though, he wants to rewire our homes too. enter the powerwall, the £6,000 home battery stores energy gathered from solar panels during the day and when the sun goes down sustainably powers your pad. it's very straightforward really, not that complicated. from tesla to ikea, there seems to be a growing trend in companies creating home batteries to harness solar power. so how exactly does this work? tech enthusiastic terence has had solar panels for several years. more recently connecting them to a home battery, meaning he can use the power he generates and send excess back to the grid. the battery charged up 1.4 kilowatt hours, which it then used throughout the day, so that saved about 15% on energy bills. he's also using it to power his electric vehicle and thanks to t

coming up, tesla sales break records in the third quarter. we break down the numbers plus what it means for future demand of the model 3. livemberg technology" is streaming on twitter weekdays at 5:00 in new york, 2:00 in san francisco. this is bloomberg. ♪ ♪ emily: now an update on tesla's vehicle deliveries in the third quarter. they shipped more than 36,000 cars an s.u.v.'s including a record number of model s and x sedans. david, what do you make of the latest numbers? shares in the aftermarket trades did well. i think people read the first paragraph of the press release and said great sales for model s and x. the shares shot up. as you read through, you see there are production bottlenecks for the model 3. that makes orr breaks tesla going forward in terms of cash flow and profitability. i think investors looked at that and said, are we going to have another set of delays from tesla? they tend to miss targets and scheduling. i think some investors said here we go again, and the shares are now down significantly from where they were c

nearly half a million customers have preordered the new small tesla model three but now the company says it has built only two hundred sixty of them in the second quarter of this year that's far short of the project did one thousand five hundred well tesla says it's trying to fix the production bottlenecks part it says sales of its existing cars are up expects to sell around one hundred thousand of his s n x models this year that's a third more than last year. well that's it for me on the business team here and have an update for you in the next stop until then thanks for watching here's a look at world markets right now. it's about. to go. up just. dortmund shanahan with a women owns good to see her susan. only one point for dealing under their interim coach sign on fire seem to me even a moment. ago. from a caterpillar to a superstar banking. in boston scientists found researching for some point in the secretion. ambitious goal to me to find high tech material with a variety of occupations. past makes you think of the past to morrow today in sixty minutes w. . nationalists are on