tesla stocks continued to slide. this is bloomberg. ♪ emily: the new york auto show is taking place in the shadow of a recent fatal uber self driving car crash. now, while that is not something automakers from showcasing their elitist vehicles, it has some execs calling for federal and -- federal intervention. >> you need a federal standard. that will come up with a solution for different states coming up with solutions. caution is the name of the game to read you're talking about people's lives. that is what we have always said, and we will continue to say. path forward for driverless cars is unclear, especially in the wake of two fatal crashes. the first in arizona and the other just last friday involving a tesla model x in california. tesla stock is tanking on this news. the company is working with authorities to retrieve the vehicle logs. the crash, which killed the driver of the car, adds to elon includingllenges, them not reaching their production targets for the model three sedan. i want to bring in max chat

we are learning tesla the suv that crashed was on auto pilot mode before crashing. >> tesla released new information within the past few hours and we will have more on the investigation by federal authorities to determine the safety of that auto pilot technology. >>> and there are new details on stephon clark's death come to -- coming to light. he was shot 8 times by the police. >> 6 shots fired landed in clark's back. we will explain what the new autopsy report means for the investigation and how it contradicts the account of the shooting that was given by the police. and, sadly, we have a winner for the mega millions jackpot. it has grown to over a half a billion bucks. >> sadly for you but not the person who won. we will let you know who got the prize and where the person lives. it's not here in california. >> it's not. you have to go way back east, but, you never know. >> but, sometimes you can say we do hit the jackpot with our lovely weather here in california. and the bay area right rosemary? >>> absolutely. we are all winners. we do a have good weather for -- if i can stay st

so officers kept their distance and left the tesla on the highway and called tesla for help. >> we are used to regular vehicles. now that we have the batteries in the vehicles we don't know what's in them. er learning as we go. >> reporter: two tesla employees worked for several hours to remove barts of the damaged battery before a tow truck could take the rest of the vehicle away. i reached out to tesla for a comment about the battery issue but haven't yet heard back. meanwhile, chp is still investigating the cause of this morning's crash. reporting live from mountain view, nbc bay area news. >>> new details about the fiery crash at travis air force base. federal agents are searching for a motive. this is cell phone video of the crash. investigators say a man drove past his main gate before crashing. today we have learned he had five propane tanks and gasoline cans in that car. recently he was a cab driver in the bay area. little else is known about him. the fbi is trying to piece together the mystery. >> we are going to try to look at the phones that were inside the vehicle at the ti

tesla sure stumbling for -- sure stumbling for tesla. and we did it to a deadline in queensland and the latest. betty: any warning from the wto and that and we did sees the fif me trade war that cade

. >> post-sale on tesla. >> netflix. kathleen gaffney, greg peters, and jim keenan from blackrock. that does it for us. we will see you next friday at 1 p.m., new york time. this is bloomberg. ♪ >> i mark crumpton with first word news. theresa may is spending the day with brexit one year away. in visited textile factories the far corners of the u.k., england, scotland, wales, to discuss her views and unique the issue night the country. a goodlieve we can have agreement. so we maintain the market in the eu, we can also have a market around the world. runs it provides us with an opportunity. i want to see us come together as a full nation. >> your bloomberg investigation that included 33 interviews referendum has hardened between those who want to stay in the eu and those who want to leave. 60 u.s. diplomats will be expelled in the st. petersburg consulate in russia.

tesla 2025 or netflix of a similar maturity through to year-end? greg: netflix. jim: tesla. kathleen: don't make me choose. netflix. jonathan: there we go. thank you very much for your time. that does it for us. that does it for "bloomberg real yield." we will see you next friday at 1:00 p.m. new york time. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ welcome to the " best of daybreak: middle east". oflions of dollars additional investment canal flow into the country. the ceo of saudi state owned giant defends the ipo as investors kept this is gross. polls go to the

and he thinks tesla stock is worthless. how "the conclusion is a string of reports that have people questioning whether or not tesla can meet its production targets for cars like the model three. joining from new york is next check in -- is max with a deep dive with the latest newsletter is fully charged. this one is especially harsh -- is it worthless? >> he has been coming after them for a wild and he spoke at a conference in 2016. emily: i was there. there are a number of reports -- that turnover has become a real problem. on both fronts -- executive turnover is a red flag. it wasn't a great week for tesla. emily: we talked about the executive turnover. the stock has been resilient despite warnings from people denouncing them and the executive turnover, why? >> the reasoning behind that i find most compelling is the idea that there is a elon musk premium. investors understand that tesla is not as well run or effective as a car company as fort, but it has this potential to one day so more electric cars and a buddy. that i

. >> teslas exercising an abundance of caution. >> tesla is recalling 123,000 model as sedans builds before 2016 because of excessive corrosion on power steering bolts. >> i don't think it is that big of a deal. what is a big deal is that this comes on the heels of so many other things that tesla has been facing. >> the federal government just launched an investigation to figure out if a tesla model x was in autopilot when it crashed into a barrier on highway 101 and caught fire killing the driver. responding to questions about whether the victim reached out to the company about the particular feature before the crash, tesla released a statement today saying, "we have been doing a thorough search for our service records and we cannot find anything that the customer ever complained about tesla and the performance of autopilot". >> all of these things are combining to give tesla a real black eyed right now. >> the latest incident created more bad news for the company. it is already trying to make its production goals for the more affordable model 3. as for the recall, tell us days tesl

tesla dumps facebook .. and everyone believes it is because of the privacy scandal involving cambridge analytica.. (steve) also, an abused puppy finds a new "leash" on life ... in the home of a police officer who has a soft heart for rescue animals.. (pam) and a reminder -- today is national puppy day. send your photographs to us here at kron4, and we'll share your precious pooch with our viewers. just click the 'report it' tab in your kron4 mobile app. a louisville officer saves a puppy's life -- and the dog ends up stealing his heart.(steve)sara sidery (sy-duh-ree) shares how the officer rescued the dog from abuse... and why he ended up taking it home with him. $w0 22 ofc. jeffrey emerich/ louisville metro police dept. "she's got a bath, and her crystal blue eyes are shining. she's happy, so i'm happy." this puppy has a special bond with lmpd officer jeffrey emerich.ofc. jeffrey emerich/ louisville metro police dept. "i think she's ready to go home and get some toys and treats."this sweet face is about to

thatof the bet on tesla is self driving will come sooner than people think, that it will be how tesla is able to dominate the auto industry. if it takes longer because the tech isn't there or because regulators can't get their heads around it and we as a society can't come together with whatever compromises have to be made, that will hurt the companies like tesla betting on it. emily: that was max chafkin. still had, the trump administration zooms in on high-tech industries in its push to rebalance global trade. which industries will be most impacted? that is next. plus, more of our coverage on the fallout from facebook's data stand all. willis said advertiser -- data scandal. will extend advertisers running? that is next. ♪ emily: welcome back to "the best of bloomberg technology." president trump is pushing to rebalance global trade in america's favor and the global tech industry is preparing for a huge impact. peter navarro said wednesday the trump administration's tariffs on china will focus on high industries where beijing wants to lead >>. aree focus of the tariffs on what is

also needs fresh money and needs the credit market so a lot of concerns all around tesla can tesla meters great expectations will just have to say yes thank you very much for and sticking with cars deila and b.m.w. are teaming up the two german car makers saying that they'll merge their offerings in car sharing ride hailing apps and systems for charging electric cars with their car to go and drive now brands under one roof the old god of the automotive industry hope to take on a new breed of tech savvy competitors. diam learned b.m.w. are fierce competitors and they're going to remain so but when it comes to their car sharing divisions the two have become collaborators dialers card to go and b.m.w.'s drive now are set to merge creating a combined member base of four million drivers they read the cars by the minute picking them up and dropping them off flexibly within city limits the joint fleet will have around twenty thousand cars in them in thirty cities across europe and north america and one city in china car to go has been operating in eight countries while b.m.w.'s drive now has bee

that gave tesla a beating. there hasn't been anything quite like this that's more related to the technology, safety, that sort of thing. scarlet: this also steps up the pressure on tesla to free its first-quarter deliveries announcement. the company can get creative here when it talks about its production targets. it cited the momentum in production to extrapolate 2000 vehicles a week. tend to get ars little weary of trying to bring something -- the numbers are the numbers. if they get closer to 5000 vehicles a week with some kind of sign of getting 10,000 vehicles, there will be more of a hit to the stock and more skepticism. people are very patient with the manufacturing side of tesla. fans, but theyof have to get the plant moving well. lisa: i want to get those shiny cars behind you. when you talk about a stock plunge with tesla, it's one thing. when you talk about a bond plunge with yields rising, this is a graph of tesla's interest expenses as a portion of growth profit. -- gross profit. they are barwin mo

this tesla sedan barely recognizable... after slamming into the median on southbound highway 101 near the highway 85 flyover... . flipping in the air and then hit by two other cars on the landing . ofc. art montial/chp- "the entire vehicle caught on fire. so, it pretty much was fully engulfed." the california highway patrol says the driver of the tesla... a man in his early thirties... was pulled out of the car by witnesses. he was taken to stanford medical center where he later died. officer art montiel says the two other drivers involved were not seriously hurt. he says it's unclear why the tesla lost control... but that investigators are looking into it.ofc. art montiel/chp- "we have seen in the past as people are traveling southbound on 101, on the left lane, which is gonna be the one that's gonna be the flyover to state route 85 southbound and suddenly, they try to change lanes and go into the, uh, to try to stay on the 101 southbound." the c-h-p says because the battery of the electric tesla was exposed... officers ch

elsewhere, we get to a flashing warning sign from tesla. back in august, investors lined up for a chance to finance the company's ambitious rollout of the model three sedan. but now after a spate of setbacks, including a credit rating downgrade, tesla's notes have plunged. still with me, greg peters, jim keenan, and kathleen gaffney. jim keenan, in august of last year, for this maturity, for this credit rating, that tesla issue was a record low yield of 5.3%. and it has fallen out of bed. is it a tesla issue specifically, or does this speak to something broader in credit markets? jim: in general, you have seen volatility increased dramatically since you had that issue. it is a combination of aggregate volatility built in the equities, and what that has meant in spread volatility. so the credit markets, and certainly the high yield markets, have been weaker since that issuance. on top of that, you have seen the yield curve move. so there has been a duration component to that aspect. obviously, you have seen some issues with tesla with the un

tesla and space-x have left facebook. (steve) c-e-o elon musk deleted both accounts today from the social media platform. his move to do so comes after a challenge on twitter ... in the midst of backlash against facebook this week. the site is under harsh criticism after discovery that data from 50 million of its users was harvested by a political analytics firm. musk replied "what's facebook?" to a tweet calling for people to delete their facebook pages. he admitted in another tweet he didn't know space-x even had a facebook page. by midday, that page and tesla's were both gone. (pam) that wraps up kron 4 news at 8.(steve) but our primetime coverage continues....grant lodes is here with kron 4 news at 9. ((grant))that's right pam and steve...next at nine...thousand s of people expected to flock to san francisco.for tomorrow's "march for our lives"a nationwide event organized by high school students aimed at demanding safer schools and more gun control.tonight we speak with one of the local organizers. plus...tense moment

tesla sure stumbling for -- sure stumbling for tesla. and we did it to a deadline in queensland and the latest. betty: any warning from the wto and that and we did sees the fif me trade war that can derail the global economy. ♪ haidi: hello from sydney are we are just passed 9 a.m. this is "daybreak australia". it is just after 6:00 in new york and the for the next hour we look at how all the action on wall street is going to play into the asia-pacific trading day. zuckerberg or bezos, you are not having a good day today, the tech names have been brought down by this broad-based tech selloff. the markets were choppy today and a quick reminder of how we ended to trade today. -- can see across the screen we are in a range in the markets. the s&p lower and the dow ending flat with a slight cell. the nasdaq also lower in the tech selloff continues setting up for a mostly lower open in asia ahead of a holiday weekend. haidi: it is pretty mixed. you have to wonder if we see a separation between tact names given by the specific story or if it

still a rarity compared to what tesla promise. tesla violated a basic principle taught in business go. >> under promise and over deliver. they seem to have done the opposite. >> according to a bloomberg business account, they have less than 12,000 model 3's that have been ordered. they are making less than 1100 a week expect if you build a reputation in the market and -- as overpromising and under the -- under delivering, that can be semi-fatal to your stock price. >> teslas stock stands today at 266, a loss of 31%. a week ago, tesla had a fatal crash so bad that the national transportation safety board is looking into it. this week, a voluntary -- voluntarily recalled cars to replace an important power steering component. has an operating loss of $5 billion and is burning through crash -- cash. >> they need a whole lot of money to keep building cars. the cost of borrowing the money is way more than it was a year or two ago. the cost will cut into their profits. >> though consumers have many questions, tesla remains a solid brand.

. >> it's been a bad week for tesla. some say it's ominous. >> also ahead, a staggering statistic from a bay area school. it says more than 50% of its students are homeless. from washers and dryers at school to rides to and from homeless shelters, coming up next, how the school had to step up and help. >> high clouds over the bay area this afternoon. temperatures just slightly cooler today. we will continue this minor cooldown into your bay area weekend coming up. >>> an undocumented immigrant from san jose was released from federal custody in a case that drew attention and protest. supporters of fernando carrillo say a federal judge issued the order yesterday. the judge determined he could be persecuted if he was sent back to mexico. we are told he will be released next week. his wife says he was dropping off his 4-year-old daughter at daycare on october 11th when he was detained. i.c.e. has said carillo had been deported to mexico previously and had a dui conviction. immigrants rights groups say they have serious conce

we are in the messy transition you are right about tesla. tesla, we tacked about it yesterday. they have all of they negative headlines. >> on on the of delivery struggles. >> weighing on the stock in terms of sef driving vehicles we are in the messy transition we will she more accidents unfortunately we will see more fatalities the bulk of the accidents involving these vehicles have been resulting from humans hitting the vehicles we are the idiots. and there is 275 million of us out there drive vehicles so it's going to take a while until we get past this and unfortunately, when you have your first fatality it's going to get a lot of attention. >> you have been cover this beat for a long tied. is tesla an auto company or technology company in your opinion from the people you speak to >> technology company that is trying to ramp up and become a full service manufacturer transportation company when it comes to automobiles but there is no doubt that i think -- i looked at it as a sec following company in part because they are spread out into so many areas. >> can i ask a follow u

tes tesla e-mailed us, couldn't find anything suggesting that customer complained to tesla about the performance of autopilot. there was a concern raised once but navigation not working but that's not related. >>> palo alto police are increasing patrols in area where a man pointed gun at woman's head and assaulted her. jogging near tesla when an armed man pulled her off the path and assaulted her. sky7 was above. >> resources and others actively working to locate the suspect and bring him to justice. >> victim was injured but will recover. 30s, 5'10", black sweatshirt with a bear logo on it. >>> man who plowed through five pedestrians and drove away is now in custody. man struck has died. >> reporter: 33-year-old mark dennis after they say he mowed down five pedestrians with van and took off. dog patch, 24th and illinois. >> backed up really fast, turned around and head-on through the men like they were bowling pins. >> five men were sent to the hospital, one died. another in critical condition. unclear what triggered the incident but witnesses say dennis was acting erratically befor

we have questions about tesla. and then we have this push to put a fleet of self driving taxis on the road. a lot of things are going on, and if you look at the tesla stock today, and the bond market, that is -- they are really under the gun as investors wonder about tesla's ability to deliver on some of the promises about self driving cars, and curious whether it can meet at the production goals of for the new model 3 and sedan. like i understand the stock fell 8 percent yesterday. i did not see the latest on the stock. last i checked it was down about seven percent today. the company is paying a price for this, isn't it?>> it is a tough go for tesla. it was about a year ago that the tesla stock soared to levels that gave it a market value greater than ford motor company and eventually greater than general motors making it the biggest us automaker by a market cap which was remarkable -- remarkable given they sell a fraction of the vehicles and have never been profitable, and have not yet brought out a mainstream v

reporter: the family tells me he took his tesla to the dealer. on multiple occasions, the vehicle veered toward that same barrier. and national transportation board inspecting the tesla model x involved in the fatal crash. we spotted them taking the control module out of the vehicle. the ntsb told me they recovered both the restraint module and in info tanement module. >> what might give insights into what was going on during the accident sequence. >> reporter: 38-year-old michael huang had a wife and kids. he bought his new tesla, posting a picture on his facebook page. we spoke with two outside electricon arts today. >> he was proud. >> reporter: i spoke and tested with his brother today. he makes a startling claim that before the crash, walter complained seven to ten time the car swivelled towards that same barrier. the victim took the car in because it kept veering to that exact same barrier. how important is that information. htha recaseived by the chp and have been acting on it by sometime. >> reporter: tesla would not comment on the there

tesla says that photo is from the day before the crash happened. tesla argues that the reason that the crash was so severe is that a highway safety barrier had been removed or crushed in a prior accident without being replaced. we have never seen this level of damage to a model x in any other crash. we reached out to caltrans to find out what happened to the barrier that tesla mentions and also to see if they have a response to tesla's claim that the missing barrier played a role in the severity of the crash. we are still waiting to hear back from them. >> thank you, allie rasmus. >>> it is now 7:34. an investigation in berkeley after an amtrak train hit and killed a cyclist last night in berkeley. amtrak says the train was headed to oakland's jack london square and hit the cyclist at gill man street, not far from the berkeley station near university avenue. 23 people were on the train at the time. none of them or the crew members were hurt. the alameda county coroner has not told us the name of the person who was killed. >>> new numbers show an in

. >> tesla is exercising an abundance of caution. >> reporter: tesla is recalling 123,000 model s sedans built before april 2016 because of excessive corrosion on the power steering bolts. >> actually don't think it's that big of a deal. what is a big deal is that this comes on the heels of some so many other things that tesla has been facing. >> reporter: the federal government just launched an investigation to figure out if a tesla model x was in autopilot when it crashed into a barrier on highway 101 and caught fire killing the driver. responding to questions about whether the victim reached out to the company about that particular feature before the crash, tesla released a statement saying in part: >> their credit has just been downgraded by moody's. their stock price is falling. so all of these things are combining to give tesla a real black eye right now. >> reporter: tech analyst russ hancock says the latest incident created more bad news for the company as it's already trying to make its production goals for the more affordable model 3. as for the recall, tesla says there are no

that is how tesla will be able to dominate the auto industry. if it takes longer because the tech is not there or because regulators cannot get their heads around it and we as a society cannot come to terms with whatever copper rise needs to be made, -- whatever compromise needs to be made, that will slow tesla down. emily: still ahead, the trump administration zeroes in on high tech industries in its push to rebalance global trade. which industries will be most impacted. that is next. and more on our coverage from the fallout from facebook's skin -- data scandal. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. ♪ emily: welcome back to "best of bloomberg technol

tesla's driver died hours later at stanford hospitals from his injuries. the fire started at the scene engulfing the tesla and exposing live wires feeding into its 70% charged battery. >> it may still be live. we're not sure. because of the extent of the damage and the fire. >> reporter: tesla's first responder website has instructions in case one of its vehicles catches fire. the instruction states to use large amounts of water about 3,000 gallons, to fight a high voltage battery fire and use disconnects that come with each car to safely remove battery components. >> the orange lines on the ground run high voltage through the vehicle and because they have been severed and the disconnects are not available to us we can't be 100% sure this vehicle is then made safe for tow personnel or first responders to get close to. >> reporter: firefighters and chp officers waited for hours for tesla engineers to arrive and then begin the painstaking task of making sure the battery was safe to remove components one at a time soaking each in a solution before discarding.

tesla 2025 or the netflix of a similar maturity to year end? greg: netflix. jim: tesla. kathleen: don't make me choose. netflix. jonathan: there we go. thank you very much for your time. that does it for us. that does it for "bloomberg real yield." we will see you next friday at 1:00 p.m. new york time. this is bloomberg. ♪ scarlet: i am scarlet fu and this is this is bloomberg "etf iq," where we focus on the assets, risks, and rewards offered by exchange-traded funds. tech can't catch a break and the darlings of 2017 turned into the has-beens of 2018. we discuss with etf manager who is ahead of the curve. a shift and rallies and salts, we would put the question to tim coyne of state street. love it or hate it, strong feelings and investors with a strong conviction on the industry. now whether you embrace or fear etf's, there is no getting

tesla is down 1.3%. more next. this is bloomberg. ♪ vonnie: back to breaking news on tesla. the stock is down 1.4%, picking up a little bit from a few moments ago. pulling out all the stops in production numbers. tesla executives urged people to prove it to the haters, the , offering ae haters limited number of workers to get off production of the model s or model x tomorrow in order to work on model threes. a reporter who broke all of this news, joining us now. very emotional emails. >> the reporter on this story got a hold of these internal emails from tesla manufacturing and engineering executives. it is important for the company to hit model three production numbers. they spent billions of dollars getting this car up and running. they had real trouble getting it going and that has been problematic for the company at this point, because they have not been able to get any return on that investment. vonnie: what does polling workers off of does coproductions -- production lines to put them on the model three line for a couple days do when you are only producing 200 was a da

. >>> a deadly crash involving a tesla has the bay area automaker pointing fingers. >> tesla says it's the worst damage they've seen on a model x and a missing highway barrier may be to blame. matt keller live in mountain view with the new details. hey, matt. >> reporter: good morning, natasha and reggie. tesla says one of the reasons it was so severe is because the barrier, known as a crash a ten way tore was not there when the crash took place on friday. the tesla offered up these photos as proof in a blog post that it put up overnight. this is an image of the barrier at the carpool flyover in mountain view. this shows what it looked like when it was in proper condition. this is what it looked like the day prior to the crash. these pictures come witness witnesses. tesla believed it was removed or crushed without being replaced. tesla says they've never seen this much damage to a model x. the driver was killed. ntsb investigators want to know if the autopilot system was activated at the time of the crash. tesla says the data shows car owners have driven the same stretch of highway wit

a bunch of setbacks, tesla's notes have plunged. in august of last year, that tesla issue was a record low yield of 5.3%. it has fallen out of bed. is it a tesla issue specifically or is it something broader in the market? >> you have seen volatility increased significantly. it is a combination of aggregate volatility. the credit market is certainly in a high-yield market. on top of that, you have seen the yield merv -- curve move. you have seen some issues with the -- tesla in the unfortunate events of the crash. combination of events that have weight on my credit. when you look at the issuing itself, it is obviously a very significant market cap company. it is growing. it has to issue a lot of paper or raise a lot of capital. that is certainly going to weigh on the sentiment as well. >> their burning through cash. investors are willing to fund the dreamlike returns. you are a debt holder. you are not going to see the fruits in that dream. what was going on? >>investors are willing to that. i think it speaks to the penalty for miss

bought new tesla. showed to friends and former coworkers. we spoke with two outside of electronic arts. >> he was proud. i remember a little bit of jealousy. >> reporter: spoke with his brother will. confirmed he was on the way to work at apple before he drived. before the crash complained that the car would swivel towards that barrier on autopilot. took in for thess i duplicate i. family is telling me they provided invoice to veering to the same barrier. how important is that eid by chd they've been acting on it for some time. >> reporter: blog post says tesla owners driven that stretch of driveway roughly 85,000 times. 200 successful autopilot trips per day on this exact stretch of road. chp confirming another crash 11 days earlier. these photos raise another question. crash attenuator in proper condition and way it was before walter wong's crash, collapsed after a different accident. will wong texted it should have saved his life. en with cushion and driver walked out unharmed. >> did great stuff on games some viewers will know him for. >

tesla responded this afternoon. >> tesla says there was a concern raised once about navigation not working properly. the company says the autopilot performance is unrelated to navigation and it is unclear if the car was in its autopilot mode at the time of the crash. tesla claims that the highway barrier was not correctly replaced after a previous accident making last friday's wreck even worse. chp reports the last collision at that location was on the night of march 12 less than two weeks before the deadly crash. we've got -- we reached out to caltrans for comment. we have not heard back. >>> a woman was run over and killed by a self driving car earlier this month she was walking her bike across a dark street in tempe arizona. the uber suv hit her. an attorney for her family says the matter has been resolved. no details have been released. uber has suspended all tests of self driving cars. >>> a warning about the future of self driving vehicles, a toyota executive said they could kill hundreds of people per year in the initial stages. toyota north america ceo said the reality is there wil

then, tesla came up batteries run out. then, tesla came up long and launched in 2012, it showed that electric vehicles could be powerful, fast and have decent range. the choice was limited. if you wanted a high—performance electric car, you had to buy a tesla. now, that might be about to change. this is the new carfrom jaguar and it is a car attracting a lot of attention here at the geneva motor show. it is a battery electric car, and the reason it matters if it is the first high—performance electric vehicle to come on the market to really challenge tesla's vehicle. let's see what it can do. this car matters because it is sporty, it can do zero to 60 in 4.5 second and it has a maximum range of 300 miles, and as we know, range is all—important. 300 miles, and as we know, range is all-important. it is the way the market is going, there is no doubt about that. there are still very few battery electric vehicles sold. 0ne in every 200 last year. the market is shifting towards alternative drive vehicles and we are shifting

that was tesla's electrical current. so i had a conflicted relationship with edison but i thought i would find that idealism somewhere having something close to the autobiography in 1919 and you could start on that but it is hard work so in the magazine or the newspaper published in the early 1900s he just basically wrote i don't like to think about the highfalutin things i stay close to the ground that thinking is for other people. he has not an idealist but he loves to work and then i never intended to retire. and to be very materialistic because he likes to win and get patents but he did throw over tesla one point but he was also screwed over by j.p. morgan and then that was general electric. and then he took his name off of the moniker and consequently then probably francis upton who said so you lost the 4 million that you made from your electrical enterprise and he thought about it and he shrugged and said we had a good time doing it didn't we? >> but the goal was to get just independent enough to work on whatever h

elsewhere, we get to a flashing warning sign from tesla. back in august, investors lined up for a chance to back the ambitious rollout. after a bunch of setbacks, including a credit rating down downgrade, tesla's notes have plunged. greg peters, jim keenan, and kathleen gaffney. in august of last year, that tesla issue was a record low yield of 5.3%. it has fallen out of bed. is it a tesla issue specifically, or is it something broader in the market? greg: in general, you have seen volatility increased significantly. it is a combination of aggregate volatility. the credit market is certainly in the high-yield market has been weaker. on top of that, you have seen the yield curve move. you have seen some issues with tesla in the unfortunate events of the crash and regulation between that and her. -- and uber. there are a combination of events that have weight on my credit. when you look at the issuing itself, it is obviously a very significant market cap company. it is growing. it has to issue a lot of paper or raise a lot of capital. that is

he added, very unfortunate about the tesla driver. really sorry to hear, yes, i dodged a bullet here. >> it's like hitting a reinforced brick wall. >> reporter: attorney steven lawrence specializes in highway safety. he sued over guardrails in the past. he compared it to this in daytona 500 in 2001. >> if people are familiar with it, the accident that killed dale earnhardt, it's that sudden stop that will kill you. >> reporter: he says the safety barrier in question is this. a reusable hydraulic crash cushion that has to be pulled back into place. lawrence says cal trans should have repaired it long before walter huang krashds in his tesla this past friday. >> some states have a short three-day repair time for high traffic locations and if you look at material in california, this thing should have been repaired within a week. again, there are a lot of questions about what happened and what went wrong, but it should have been repaired in under 11 days. >> reporter: for the i-team, dan noyes, abc7 news. >> tonight cal trans sent abc7 ne

tesla blames a missing crash. these are from a driver who commutes daily. one image shows what the safety barrier looks like in proper condition, and the image from the day before the crash on thursday, you can see it's missing. this morning, we drove that stretch of road and saw the crash barrier was replaced. could that have saved his life? tesla has never seen this level of damage to a model x in any other crash. we reached out to cal trans to ask about the claims of the missing safety barrier. they said they are looking into it and will get back to us. live in mountain view, matt keller, abc 7 news. >> thank you. >>> a person found a fetus, a sad discovery, west of the sports complex. officials say the male fetus found yesterday was fairly well developed and probably washed ashore. >>> black lives matter organizers plan to hold protests today and tomorrow in sacramento demanding criminal charges be filed against two police officers who shot and killed an an unarmed black man. >> thank you. tell them to -- please. >> tensions were high at the counsel mee

tesla. most in two years as investors question the company's ability and,ep up with demand driverless ambitions. that story is next. a reminder all episodes of bloomberg technology are live streaming on twitter. check us out at 5:00 p.m. in new york and 2:00 p.m. in sanford is no. this is bloomberg. ♪ emily: waymo and jaguar are teaming up on 20,000 autonomous car's. the deal integrates's of the best system -- integrates the system beginning this year. the suvs are set to become part service by 2020. october is investing $1.3 billion in the sector. the half forward for driverless cars is still unclear especially in the wake of two fatal crashes. one involving an ube autonomous car in arizona and anotherr just last friday involving a tesla model x in california. tesla's stocks tank off the news. the company said it is working to retrieve the vehicle's log the crashs. . the crash killed the driver of the car. we spoke with bloomberg businessweek. >> there was a very significant is saying itt

, and he struggled with that his whole life. >> nicola tesla, yeah, for sure. he worked mostly alone, mostly at night. >> and his greatest inventions ended up being taken off by other people. >> except that, yeah, we're still using a/c -- >> right. >> developed by tesla. this is him right up there. he not only invented a/c electrical systems, pretty much all of them, he also invented wireless communication which was for years attributed to marconi, and it finally came out in a big court case, and they finally realized he had ripped off tesla. he also invented lighting systems and the first remote-controlled robots. i actually think he, of everybody on here, was the smartest one. his mind was like a human computerated design system. he had this incredible photographic memory, so much so that he often thought he was having hallucinations because he would see things in front of him because of his memory. and he could build a machine in his mind and turn it, run it, notice it was wobbling a little bit, adjust it, turn it, refine it, fix it, and when he was complete

tesla also said in its release tonight, if you are driving a tesla equipped with auto pilot t hardware, there's much more debate ahead on this and many other issues on this. >> thank you. appreciate it. >>> we are learning the california dmv received one application so far to conduct driverless testing. driverless cars will become street legal on monday, and they don't have to be riding in it but have to be monitoring it. no timeline as to when dmv will be approving the application after receiving it. >>> the family of stephan clark hired a clark was said to have charged the police. >>> tonight hundreds of protesters rallied in sacramento and they marched where the warriors will play the kings tomorrow. protesters blocked fans from getting in twice already, and about a hour ago they pushed past fencing put up to protect the fans on game nights. >>> if they wanted to be part of anything that is going to, that it's something they should discuss. >> right now protesters are at i-5 where police are in riot gear and standing ready. so far things have remained peaceful. >>> solomon's family

mark: good timing there talking about tesla. vonnie: as you said, let's get back to tesla. for that we are joined by an .nternet analyst, romit shah you are taking down your price target. why? >> we lowered estimates today based on weaker data around model three production, but we are quite bullish still. it's interesting that the market seems ready to throw in the towel on this company right at the point where they are about to see their model three vehicles ramp into production. ofy have a tremendous amount momentum going into this major shift towards electric vehicles. vonnie: are you confident that they can get to what they promised? deliveryey have a q1 update coming next thursday and i don't think they will hit the 2500 per week announcement or guidance, but i think that exit .- expectations are too low the street is looking for them to come in a closer to 2000 per week and i think they will be better than that. the negative news surrounding autonomous driving in the last week, with tesla or uber, have you started to autonomouse whole driving experiment? bernstein and

don't by the anti-tesla hysteria. ross gerber tweeted, i love how people declare victory over tesla with two trading days. however the story is just beginning. ross, what story? clarify how you see it. people are looking differently in a prism than you on tesla. >> people are focused on the prism of the cash crunch and it obviously is a risk, elon likes running hot. irrelevant of that, this is beginning after massive ram-up of production of cars in the history of the cars. to sell the stock today based off short-term funding fierce, is negating future over the next five years -- fears. this look amazing for the company. what other companies are doing amazing things like tesla? very, very few. so we see this as great opportunity. liz: trust some people say has been shaken a little bit or outright broken. does tesla need to say to the customer, you will get your car order on time? the batteries are safe, they won't catch fire, things like that? do they need to come out and elon musk do a come to heaven moment? >> tesla

despite their heroic efforts, that tesla driver died at the hospital. witnesses say shortly after the crash it sounded like there was an explosion. >> we saw a big cloud of smoke, and then all of a sudden, there was, like, a fireball, like in the air. boom. >> the chp says the tesla x hit the median on southbound 101 near 85 and mt. view. it went airborne, and two other cars smashed into it. the chp thinks the car's battery may have been involved in the explosion. they're not trained to deal with batteries like that so they called tesla for help responding. two employees arrived on-scene before a tow truck to take the vehicle away. >> we're used to the regular vetoes. now that we have batteries in the vehicles, we don't know what's in them. we're learning as we go. >> we reached out to tesla for comment but have not heard back. the crash and fire remain under investigation. >>> late last night, we learned president trump is moving ahead with his plan to ban most transgender people from serving in the military. the white house issuing this memo on the ne