he said tesla was within ks ofe-digit wee failure. >> tesla faces a new federal death due to model three production. the company's bleeding money like crazy and if we don't solve these problems over a good event of time we would be done. emily: joining us now is max check in. chafkin. he talked about how difficult it has been to run the country -- company but what you make of it by him putting it that way? max: back in april, there was a gag where you live and took a picture of himself looking as if you are homeless or something and said tesla is bankrupt. that that learning is was not as much of a joke as everybody thought it was at the time. as you said, this was out in the open. tweetsare reading his and looking at the frantic nature of the messages coming out of tesla as well as reporting from bloomberg and others, you knew things were bad. they were really pulling out every step they could to get cars out of the door and the struggling with it. emily: here's a question, though. they avoided collapse for now, but is that's going to be the sort of state of being for tesla wheree fores

going back to tesla there impacting tesla and that was accounted for the vaal swings in terms of the pricing of tesla's in china and that accounted for the story you mentioned earlier about the of course the report of the sales and lack of sales two hundred eleven although roy does to get that somewhat wrong but i would say the aerospace ecosystem is something that's generally very healthy at least in the u.s. ninety percent of the jobs at boeing are in the u.s. and boeing has an eighty billion dollars surplus trade surplus because eighty billion exported so i think that's really important for the u.s. economy really important for all the manufacturing they reckon that for every boeing plant just like common you factor is there's a seven to one ratio in terms of jobs seven dollars seven dollars to one investment in the local computer community so it's very important we keep these jobs very important there robust to that end i think that the towers have been a lot of i think that trump in a lot of these instances obviously anybody who's read his book. the art of the deal he comes out

. >>> coming up, tesla powers up.w h thousands of robots working nearly 24 hours a day, tesla believes it has found the key to driving down the cost of an electri car. i'm phil lebeau in sparks, nevada. we go inside a'te gigafactory when nightly business report returns. >>> as tesla ramps up sales of its latest vehicle, the model 3, the compa is also expanding its battery production. tesla's gigafactoryow builds more batteries than all other battery plants in the world combined. philsebeau takes inside the plant in sparks, nevada for an exclusive look at tesla's drive to push down battery costs. >> reporter: tesla's massive gigafactory is getting bigger and busier. thousands of robots and more than 7,000 workers are buildin battery packs and drive units for the tesla model 3, sales of the electric car grow, tesla is planning on more lower prid models. which means building battery packs at a low cost. the challenge the automotive presidt is confident the overmaker can overcome. >> the batte is the costliest part of the vehicle. it's important to improve efficientysi and . >> they are we

. >> i mean, tesla really faced a threat of death. essentially the company is bleeding money like crazy fan we didn't solve the problems in a very short period of time we would die. emily: joining us now bloomberg's business week's, max chapman. elon musk talked about how difficult, how insanely difficult it's been to run this company. what do you make of him putting it quite that way? >> it is interesting. back in april there was an ril fool's gag where elock took a picture of himself looking as if he were homeless and said tesla is bankrupt. and we're learning that wasn't as much of a joke as i think everybody thought it was at the time. this was kind of out in the open. if you were reading his tweets and looking at the frantic nature of the messages out of tesla as well as reporting from bloomberg and others you knew things were bad. that they were really pulling out everything, every stop they could to get cars out the door and really struggling with it. emily: so here is a question, though. they avoided collapse for now but is th

tesla appointing a new chair. the move marks an end to elon musk's 14 years in the seat, although he will remain ceo. she will take over immediately, leaving telstra. joining us now is our senior analyst and max. tell us everything we need to know. >> she is an interesting choice. she has a relationship with elon musk and knows the company well. she has a financial background, which some would argue would be good for tesla. and, she has experience in the car industry, having worked in toyota. i think some good governance people will not love this choice, but it does make sense in a bunch of different ways. emily: elon said she was helpful in helping tesla become a profitable company. there is concern she will not push back. she has been on the board for several years. what he needs is someone who will challenge him. what is your take? >> i think as far as elon's behavior goes, he's the only one that has control. on paper, she looks like a solid pick as a cfo. it sounds like a permanent role. this is not a temporar

do you still own a tesla >> tesla has no autopilot. they call it beta. i'm sorry. what car company puts out a feature and calls it beta? that doesn't count tesla made so many mistakes, it convinced me autopiloting and auto car steering itself is not going to happen. it's going to be -- it can help you in certain ways but, boy, you're almost more subject in a tesla these days to being aware and watching the road than you used to. if you lapse, that's when the accidents happen that kill people >> you bought a tesla because you were hopeful they would push further into autonomous driving? >> you are correct i want to be a part of this lead into autonomous driving. i want to be a part of that crowd. i believed it and kept upgrading my tesla to one that would have a camera, radar, eight cameras and radar because the first would never do it. then i gave up and said it's really not going to happen >> you said an interesting thing that i read, i want to read for our viewers and have you react to it, and this is about elon mu musk quote, i've been fed too many hopeful wishe

tesla pushed back on your first report. what has tesla said about the new report? >> tesla wouldn't answer any of our questions, but they have said that they're very happy with the care that their employees are getting, and we talked to the doctor who runs the clinic who said everything is based on accurate diagnoses, and sometimes workers don't know what's best for them. >> will evans with the center for investigative reporting, thanks for being with us this morning. our coverage of one of the other issues in this got rules change, this was vicky nguyen's issue a couple years ago, story a couple years ago, about the post office. they looked at postal workers not allowed to call 911, much like let's investigation at tesla. find our investigative work nbcbayarea.com, and the new reveal report about tesla at revealnews.org. >> concerning for those workers, very much so. thank you. >>> a lot of people complain about their morning commute. they share their horror stories, but a lot of commuters are taking drastic steps to eels the frustration they're feeling a couple o

people want to own the teslas. and if steve wozniak doesn't like his tesla, that's fine. plenty of people want them and they're turning things upside-down the way it's being sold, and then you start saying, how can they make the margins on the cars and you see, go ahead, it's not me there's a consulting company that breaks down, do a teardown of the model 3 and show it even if you don't want to buy it, when the stock was 265, heavily shorted, knowing they're going into a quarter, the first production quarter, with bailey gifford, fidelity, and trowe owning all the stocks. they didn't stick by him four years, fraud, ambien -- >> can i ask you a question as an investor. i have a simple question all the car companies around the world that have a long history of making cars and making money traded between 13 and 17 p/e when and if this company ever makes money why isn't the stock going down to $42 and it will join its compatriots it's different this time >> it is different this time >> oh, yeah, sure. this stock is going south. >> how about this, i can tell you right now some

however tesla is expected to main the advantage over the next couple years if you look at shares of tesla can be keep in mind that battery pack costs are crucial to the company making profitable model 3 vehicles because if they sell lower priced model 3s they need the lower price battery packs. if they can bring down the cost of the battery cells within the packs they should maintain the margins. at least that's the plan on paper. that's the story from here at the tesla gigaper capita in sparks, nevada. >> thanks, phil. safe flight hope home. tesla up a whopping 30% in the past month as it recovers from pruks and delivery hell and even the twitter hell is the worst over at this point, guy what tuning. >> i don't think the worst is over i've said for a while i got myself really -- i did a decent job of the same for the while but the last four five months i've gotten off side going lower and it went high are. here at 330ish you are smack in the middle of the range of 385 off a breakout and 280 on the downside which has been support. quite frankly i think you flip a coin here. i don't think

i like my car. >> the tesla is very nice. >> she decided to get a smaller tesla, a model 3. >> i sent them a reservation and $1,000. >> i noticed that my reservation number was 325,000. >> she had a long wait and never even got to see a model three in person until this year. >> we took a trip down to san diego. and there was a lady parked there with a tesla three. and she was so happy about it. she showed me all about it. >> that's whethn she decided it was not the car for her. >> the trunk is really small. >> she's a nurse and needs room for wheelchairs. she canceled her reservation and tesla promised the refund. it never arrived. >> i waited 30 business days. >> still no refund. >> she said actually, you have to wait 45 days. >> again it didn't happen. tesla noted that the address didn't match the one on her reservation. she admitted she moved. now they said she had to wait 60 days for a refund. she contacted us, we contacted tesla. most receive a refund in about a week. at times, processing slows down when additional confirmation is needed to prevent fraud. and tesla sent marilyn a

you can summon your tesla today but only from a short distance.musk has said tesla owners will be able to control an increasing number of driving functions with their phones. in early november, he said an upcoming software update would allow tesla owners to cars with their phones in some situations.live from the nsadaq marketsite in times square, i'm. jane king back to you ( darya ) thanks jane ( james ) coming up on the kron 4 morning news... new hope for a bay area deported nurse. how she may be able to reunite with her family... after being sent to mexico. ( james ) and after the break... a close call for two construction workers when they clock they were replacing fell from a crane. and here's a live look outside... bay bridge (ácommercialá)(áábreakáá) a break from the rain to kick off the weekend as yesterday afternoon's clearing conditions continue through the day today. along with our dry skies expect daytime highs in the upper 50's. rainfall and low elevations snowfall will return to northern california tomorrow. (robin) no major hot spots. bay bridge wb 80 is less then 3

isn't folks a bit late to the electric car game yet clearly they are i mean tesla has already started auction on a mass market car itself volkswagens hard to say the diesel scandal if it hadn't happened if it would have made this transition faster if it would have slowed it down it's really hard to say but it was clear that was going to have to happen at any rate what's interesting is that tesla is the faster is the more innovative car company out there but volkswagen is now bring it straight to the plate thirty five billion dollars i believe or euros that's an incredible song that has the resources it has the production knowledge and it has the suppliers and the contracts to bring all this together and that's what it's doing and so a lot of people believe that if this is going to become a mass market thing it's going to be because of what volkswagen is doing right now look at its mass market car that is just proposing right now based cost twenty two thousand dollars it's say to get into an electric car tesla is tesla three years model three base thirty five thousand dollars that's a

, to slow the tesla down to a stop. that driver, 45-year-old man from los altos failed a field sobriety test and was arrested on dui charges. the big question now is, whether that driver was using tesla's autopilot mode. if he was, it would be the first time a drunk driver tried to use autopilot as a designated driver. rather it would not be the first time. in august, a monterey man was arrested after crashing his tesla into a san jose fire truck. he told officers that he thought he had autopilot on. back in january, chp officers found a man passed out behind the wheel of his tesla on the bay bridge, when he was arrested for dui, he told officers he thought his car was in autopilot. his blood alcohol consent level was more th -- content level was more than twice the legal limit. we don't know whether he was in autopilot at that time but last month tesla pulled the full autopilot option off of its menu. elon musk saying at the time on twitter, it was too confusing for drivers, so the investigation likely will be a length

is tesla three years model three base thirty five thousand dollars that's a huge difference it indeed is busy thank you very much. to south africa now as schools are rushing to add computer programming and other high tech classes to the curriculum and as coding clubs become increasingly popular some of the youngsters have found their own way to find out who's got the best coding skills. it's two pm on a wednesday and the south african township of i report just a few kilometers from pretoria a few dozen fifth graders are back at school armed with basic coding blocks laptops and endless imagination to competing against each other many of their ideas are inspired by problems they've experienced within their communities. we've heard in the news and in the newspapers that children most of the time i getting lost so he came with an idea of saying to stop this maybe we should come i think you mentioned and then you want to be able to keep the children safe and to keep the parents with concerned about their children's safety i hope that that can be if. people. think. it's working to build an

autopilot is designed for use on highways and tesla uses the later to improve new software. in one month as promised demonstrating autonomous driving on a cross-country road trip from las vegas to new york although it is not clear when that i'd happen. -- might happen.

they're catching up, but tesla expects to have this advantage and others expect tesla to have that advantage for some time you look at shares of tesla, keep in mind that a lot of people say what's in a battery pack is it one giant battery? it is actually made up of 4400 cells like this. this is a battery cell in the bottom of a tesla vehicle, there's a battery pack with 4400 of these that's where the energy and power comes from in tesla vehicles we have been walking around, getting an exclusive look at efforts to drive down costs. more coming up in "power lunch." fascinating facility when you see ougauto medicatio automatio. >> it doesn't look like there's many people walking around is that the case >> reporter: no, there are 7,000 people here. doesn't seem like many because it is a massive facility 5.5 million square feet. and it can double in size. it could be 13 million in square feet they could stick 33 football fields in here and have plenty of room. showed you with the drone how big this place is. think about it it only will double in size. >> phil lebeau, thank you. >> that is cool. >

and tesla is watching audi. got all that? pam cook is back in the studio with details in today's dollars and cents. >> audi introduced its answer to tesla. the company showed off the all electric sport sedan in los angeles. it can be 80% charged in 20 minutes and recharge at public charging points with lower voltages. no word on price but it's scheduled to be in show rooms in 2021. >>> they rang the opening bell in new york this morning but the focus is on argentina. consumers are all affected by the trade talks between the u.s. and china continuing into the weekend at the g20 summit so we'll continue to watch that. >>> right now the numbers are up. there's been up and down today and really all this week. here's a live look at the dow jones up about 17 points there. slight percentage point there. snp 500 up. the nasdaq up a third to 7297. some african american employees of tesla say they have faced risism but the country electric car plant. the new york time reports more than 20 african american tesla employees

stuart: you are on the board of tesla. >> i'm happy for the future of tesla. we are going to get a thousand families, a million families. stuart: i don't need to know you are happy about the future of tesla. i want to know what your new chair is doing on the board. >> i'm so happy about the future of tesla. david: kudos to stuart for not take that from tesla. should a guy this like this be on tesla's board? >> should he be on television is the question. >> tesla investors should sell today at 3s 50. should sell and stay the heck away. >> tesla has a good board. ' steve german is on the board. investors let elon musk get away with a lot of stuff. the deal with solar city from the cousins of eve on musk is the problem. >> this is a live or die by one maps strategy. you either believe elon musk can do this or you don't. rich, do you agree with me or am i wrong about that? >> i think he's steve jobs reincarnated. when he swings the big bapt it will be home run or strikeout. david: the buddy boards when a ceo picks all of his friends and buddies and relatives to pu

why teslas solar business has remained largely idle. this is bloomberg. ♪ emily: this is "bloomberg technology." health care start up forward wants to be the apple store of doctor's offices. that is, if an apple store can learn and get better with data. google's former head of special projects launched forward in 2016 to revamp the health care industry and reengineer the doctor's office. today, forward's clinics are aiming to compete with world-class doctors and tech the health industry has neglected, from sensors and scanners to ai and mobile apps. the company has raised $100 million in funding, just completing a series b. here to discuss, the ceo and founder adrian aoun. you started this because of a family who had a health care scare. what happened? >> not the first time in my family. every single day since growing up, i have had this looming fear that i am going to come home and one of my parents is going to sit me down and tell me about something that happened to someone in my family. it started with my grandfather and ended up w

what some workers said they had to indoor and tesla's response. we will be right back. [ phone rings ] what?! ready for christmas? no, it's way too early to be annoyed by christmas. you just need some holiday spirit! that's it! this feud just went mobile. with xfinity xfi you get the best wifi experience at home. and with xfinity mobile, you get the best wireless coverage for your phone. ...you're about to find out! you don't even know where i live... hello! see the grinch in theaters by saying "get grinch tickets" into your xfinity x1 voice remote. a guy just dropped this off. he-he-he-he. land of blue jeans. muscle cars. bald eagles. and burgers. and while muscle cars lost their muscle. blue jeans got all skinny on us... i can't feel my legs. and bald eagles got, well, balder... oh no, is it obvious? ...no way are we giving up on burgers. that's why i created the all-american ribeye burger, made with 100% ribeye beef, fresh spring mix, and provolone cheese on a potato bun. that's a good looking burger. ribeye burgers are back, america. try them

remember, he remains ceo of tesla. while robyn denholm and elon have said this is great we work together still marching to the drum beat of elon musk in other words robyn denholm will be engaged and everybody who identified talked to today familiar with her says look she is a good chairwoman at the end of the day this is still elon musk's company. and elon musk still holds massive influence in terms of the direction of this company even as they look to add two more independent directors finally look at shares of tesla versus the s&p 500 we are looking at this the last three years. the reason we bring this up is because mccory is out with a research note saying it's possible that tesla could get added to the s&p 500 this is not happening overnight. remember, to even qualify to be selected for the s&p 500 the company has got to have four profitable quarters in a row they had the first in the third quarter. elon musk says they are profitable from here on out, tyler. let's see over the next this quarter and first and secon

they have heard of tesla and other electric cars. tell me what you are introducing this week and when we can expect to see it on the market. >> hi, everyone. thank you for talking to me and being interested in our company. it is very exciting to be at the l.a. autoshow because normally [indiscernible] they are not cars in the traditional sense. the product will be very different and the business model will be different. even selling electric cars -- different business model. you look at different companies now and can find [indiscernible] this is not a sustainable business model. we see the car as a parking lot on wheels. this means our business will be selling from the business that beginning. it is based on what the smartphone and consumer electronic industry is doing today. [indiscernible] eventually become a provider of mobility and of shared mobility. this is what we are built around. brad: we cannot buy one of your cars today and most of your viewers are not at the l.a. autoshow. tell us what the car is, how much you will sell

he is a board member at tesla and he wouldn't answer a question about tesla. i wasn't having any of it. you're going to see the highlights coming up. two items that could affect your money. larry kudlow downplaying the possibility of a new deal and middle-class tax cuts and infrastructure. he doesn't think they will agree. maxine waters leads the house financial services committee. she declared war on wall street. wants to roll back the regulation. i say she can't do it. what does fox news bret baier say about that. he's next. u.k. prime minister theresa may, government and chaos over brexit and we are on it. ♪ ♪ ♪ ♪ comfort. what we deliver by delivering. ashley: this morning maria bartiromo sat down with ge chairman bob wright and here's his take on the new ge. take a listen. >> i think it's a great choice and i think this is a perfect earth than to take on the situation. he has a smaller company. he did some odd 30 acquisitions in the 14 year. it's a one-time hit. he did the money but you have creditors that want that money. if you sell something ho

. >> tesla had no comment to the report. the report relies heavily on the word of a physician's assistant who worked at that tesla factory for less than a month before she was dismissed. >>> a fire burning in the santa cruz mountains is keeping a stretch of road closed. the rincon fire north of santa cruz did cause mandatory evacuations for parts of paradise park. no homes or buildings have been burned. cafi cal fire says one firefighter was injured. we don't noknow the extent. >>> one last push, big names on both sides of the aisle making the final push ahead of the election. >>> plus, too full too often. the bumps at a local ballot box. here are the facts.leading attacks against prop c. the city's chief economist says prop c will "reduce homelessness" by creating affordable housing, expanding mental-health services, and providing clean restrooms and safe shelters with independent oversight, open books, and strict accountability measures to make sure every penny goes to solving our homeless crisis. vote yes on c. endorsed b

we saw tesla's shares jumped tuesday. joining us to does all of this, .avid welsh and celine marcy david, i want to start with you. what do you make of this? not just the tax credit issue, but the tariffs issue and the uncertainty? what does it mean for gm and other automakers? david: trump was not clear on what he meant by ringback the chicken tax. if you were to put that on cars, does that punish g.m. somehow? only if he would redo nafta and he has already reached an agreement with canada and mexico on a differently named nafta but it is still very much like the nafta that companies have lived with. gm brings in about a million vehicles to the u.s.. that would hurt them, but he would have to redo a trade to that he has already adjusted at agreed-upon. to put caps on vehicles from asia or europe, gm brings in very little cars from there. he is using this as political capital. justit a, general motors laid off a lot of people. that is not going straight to gm. it would be more widespread tariffs on asian vehicles. that wo

. >> no kidding but ee lean musk tweets may not have done as much damage to tesla as you might think. there is much more to "fast money" right after this. at som >> announcer: this cnbc program >> announcer: this cnbc program is sponsored b no, i'm pretty sure i didn't order a squirrel playing a guitar. that's why you work with watson. it works with your systems to resolve calls faster and improve customer satisfaction. i detected fraud and helped reassign a new credit card. let's put smart to work. honey, they're overnighting us a new card. woooo!!! woooo!!! for ai that works with tools you already use, choose watson. hello! the best ai for the job. your but as you get older,hing. it naturally begins to change, hello! causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life. we perform over 50,000 operations a year in p

whether it is climate change with tesla or drunk driving with uber. it was odd somebody was knowing -- it was odd nobody was doing this with health care. that is why i started forward. emily: there is no question that doctors offices need help from technology, and it still baffles me you cannot send a doctor and email. when you bring instead of the -- state-of-the-art ai, genetic testing, mobile apps, what does that look like at scale? >> your current doctor's office get worse at scale. you kind of don't want to tell your friends to your doctor is because that makes it harder to get in. technology is the opposite, it gets better with scale. whether it is more information, the ability to invest in better and better technology. the world of technology is enormous companies, billion user companies like google, facebook, apple. there is not a billion person health care system. the largest health care system is probably about 10 million or size, less kaiser's than 3% of the united states. if kaiser was a tech company, you would have never heard of it. emil

"tesla" is once again facing >>> and there you have it. the opening bell there at the new york stock exchange. the nasdaq slides as apple and amazon drops. dow rises more than 100 points, sitting now up 142 points. >>> tesla once again facing allegations it ignores or downplays injuries. >> scott mcgrew in one of the cases claims a worker with a severed finger did not get an ambulance. >> yeah, he was told to get a lyft instead. this according to the center for investigative reportingful, which issued a new report about tesla this morning. the report, written by their team called reveal. it claims tesla will not allow its employees to call 911 after an accident. they have to get permission from the on-call doctor. and reveal says tesla is actively trying to hide serious injuries from the government and public. here's reveals reporter, will evans. >> reporter: counting the injuries is legally mandated and goes into an injury rate that shows sort of the overall safety records of the company. and tesla is really focused on showing it's improv

naval academy and former marine, serving in iraq, joining tesla two years ago. she now heads up the leadership development and the company's veteran task force to help support our military veterans. >> they have deployed and worked under stressful conditions, used to high- operational tempo. that's what we have at tesla. it seems like a nice fit. >> they have 10,000 workers. former military service members who are moving up the chain of command like ryan, a logistics specialist for the marine corps and now does similar work for tesla. >> instead of beans, bullets, pan dades, we -- band-aids, we make sure they get to the assembly lines on time. >> reporter: he says working for tesla, which this week is saluting veterans with a model x car and veteran t-shirts has reenergized his civilian career. >> not since i left the marines have i felt kind of the passion and the purpose that i feel here at tesla where we are not just making cars, but changing the world. history has its eyes on you. >> reporter: kristin who has a wife and son and open about serving as a lesbia

carol: what does tesla say? austin: tesla says they are making progress. this is a complex product to make the solar roof and they are , trying to grow the business sustainably and they are conscious about how they grow their factory so they don't enter what elon has described before as production hell. they got really distracted with car manufacturing. they don't want to enter that same type of attention on the factory. they don't want to run into the thing types of issues with manufacturing so they are intentionally trying to ramp this up. jason: local governments lure big tech companies with tax breaks and incentives. but is the economic payoff worth it? carol: that is a question we are all thinking of. there are unintended consequences as well, like skyrocketing rents and lower wage growth. our reporter in seattle explains why economic circumstances are making homelessness worse in america's richest cities. >> a lot of homelessness in the u.s. right now is being caused by economic circumstances. a lot of the times when we talk about this issue, we hear

is tesla three years model three base thirty five thousand dollars that's a huge difference it indeed is busy thank you very much. higher electricity bills soaring prices at the pump euro zone consumers are now feeling the pinch inflation across the nineteen countries using the single currency has risen to his highest level in nearly six years prices increased by two point two percent in october according to statistics agency euro stat consumers are also digging deeper into their pockets to buy groceries are college beverages and tobacco at the supermarket the new wide inflation rate is now above the european central bank goal of just two percent some economists urged the e.c.b. to raise its benchmark interest rate it's been at zero percent since march twenty sixth. well let's go to frankfurt where the central bank is based on a corpus there for us dollar other calls for the e.c.b. to start raising rates getting louder. well there are indeed many people also investors who have been asking for that already for quite some time but yes you said it to persist two point two percent as the

we were in palo alto as that tesla was towed away just before 5:00 this morning. and according to redwood city chp officers, they say 45-year-old alexander stannek of alas los altos was going five miles over the speed limit when officers tried to pull him over in redwood city. officers turned lights and sirens on and no reaction from the driver. officers then pulled up next to him and found him sleeping behind the wheel. officers could not wake him up so they pulled a chp cruiser in front of the tesla to slow it down. and the fact that it stopped without a collision is why the chp believes that tesla was in auto pilot. he hadn't been going over the speed limit. if that autopilot had been set lower, your officers might not have had reason to pull him over. >> correct. they wouldn't have a reason to pull him over from behind. but as they were coming up to see if there is anything wrong with the vehicle, they would have observed the driver was asleep. >> reporter: so there was no erratic driving. >> correct. >> reporter: 45-year-old alex stannek of los altos failed a

. >>> when we return, will tesla stay public? what elon musk told kara swisher in her near 90 minute interview e ll the ceo shtes us about it after the break. (toni vo) 'twas the night before christmas, and all thro' the house. not a creature was stirring, but everywhere else... there are chefs, bakers and food order takers. doctors and surgeons and all the life savers. the world is alive as you can see, this time of the year is so much more than a bow and a tree. (morgan vo) those who give their best, deserve the best. get up to a $1,000 credit on select models now during the season of audi sales event. welcome to emirates mr. jones. just sit back, relax and let us entertain you... ...with over 3,500 channels of entertainment, including the latest movies and box sets from around the world. ( ♪ ) we even have live sports and news channels. ( ♪ ) and your free wi-fi will start shortly. enjoy your flight mr. jones. world's best inflight entertainment. fly emirates. fly better. >>> crystal city, virginia, reportedly one of the f

. >>> tesla ceo elon musk said that tesla was bleeding money like crazy and trying to meet the goal of 5,000 model 3s a week by the end of june. he said that he was working 22 hours a day, 7-day a week and sleeping on the factory school. he said if he did not do it, there was a chance that tesla would go under taking thousands of jobs with it. tesla showed more applications in the 2016/2016 academic year. the company received a half million applications last year, which was double the volume in 2016. >>> investors and analyst will keep an eye on tesla and the rest of the automakers. tesla and general motors, the disappointing information. they want to keep the car tax credit. we'll be watching the automakers today. >>> 7:56. the confrontation at the u.s. border. a dramatic scene. hundreds of migrants clashing u.s. authorities. what president trump is saying now and what is next as that border crossing reopens. >>> the latest on the investigation into this, an incident in san francisco involving a golden gate ferry damaged on friday. why it is getting so much attention from tourists. i

as well as tesla made with the s.e.c. that he would give up the chairmanship role for at least the next three years. he says that he is excited about the possibility in looking forward to working with robyn. you can be sure he factored into this decision in terms of her being picked to be the new chairman or chairwoman at tesla. shares over the last three months, what's interesting is though the stock is trading at 351, for a brief moment it was at 357 it was at 367 -- 356.77, when elon musk put out his private tweet. for a moment, it was back up to that level today they still need two more independent directors. back to you. >> phil, thank you very much speaking of tesla, do not miss investor ron baron tomorrow morning. he's one of tesla's biggest bulls saying it could be a trillion dollar company. >> with a t. >> apple sized by 2030 >> all right >>> to the bond market rick santelli tracking the action from the floor of the cme group out there. rick >> everybody excited about 20 minutes, we'll have the fed decision even

well, his tweet just hit the wires on tesla. it is moving the markets again. fox business learning that elon musk and his team at tesla are growing increasingly optimistic, seeing a clear road ahead despite an ongoing department of justice investigation. charlie, what's the scoop? >> caveats here, okay? this is what his legal team are telling my sources. we have been able to confirm that's what they're saying. doesn't mean it's true. it's their impression, that's what they're saying, and sometimes these guys pick the rosy scenario. i think some of it, i will just let the words speak for themselves. we will bat it around a little bit. what the lawyers for tesla and musk are telling people, they feel increasingly confident the doj won't proceed, the doj won't proceed with a case on the funding secured tweet. as you know, they settled it with the s.e.c., fines, elon has to give up half his job. he's no longer chairman, few other things. liz: for having tweeted out hey, i'm going to take this private, funding secured at $420. >> he settled that with the s.e.c. the

nice to see you, samuel. >>> according to the tesla ceo elon musk, tesla almost died earlier this year. musk said tesla faced a threat of death during the model 3 production. >> essentially the company was bleeding money like crazy and if we didn't solve the problems in a short period of time, we would die. it was difficult to solve them. >> musk added tesla came within single digit weeks of death before meeting the production goals. he sees a 70% chance he will live to ride a spacex rocket to mars. >> 47 years. >>> stick around. "early start" continues right now. >>> drama at the border. hundreds of migrants overwhelm police. the move bound to inflame the heated rhetoric on immigration. >>> tensions increase with russia and ukraine. a tugboat rammed. ukraine says russia fired. >>> grab your digital wallets. cyber monday deals today. what

we will talk to that ceo and ron. >> still bullish on tesla? >> still bullish on tesla? we'll find out he's putting up his fist in success. i think that's a success fist. beginning of success is what he's screaming out to me bullish on tesla we'll talk about that. >> looking forward to it, andrew >>> still to come, the week that was. you have had an election, a fed interest rate decision, wild market swings, we're not even done with the week yet we're wrapping up a crazy few days on wall street and digging if what you need to watch on the week ahead ♪ ♪ the new capital one savor card. earn 4% cash back on dining and 4% on entertainment. now when you go out, you cash in. what's in your wallet? >>> welcome back futures are sliding. dow down about 117 points right now. still on pace for a good week but anything can happen. we've seen crazy market volatility let's talk about all of this with art hogan we're on pace for a good week. do you and your team believe that the volatility that has been the hallmark of the last couple of weeks is over or is there more to come >> p

culpa.a the tesla ceo revealed his company flirted with collapse. >> tesla faced this threat of death due to the model three production rim. the company was bleeding money like crazy and if we did not solve these problems, we would die. austin.let us bring in how much of a new admission is this? analysts were scared for its future and musk was saying i am working 120 hours per week. elon hade knew that been investing 120 hours per week. this is the most explicit we have seen him be when it comes to their production hell. vonnie: does this mean we can expect more realistic terrence pansy -- realistic transparency? it depends on what type of production is around the corner. has said they turned a corner on their model three production. he has dropped down from working 100 20 hours per week to working 80 or 90. that is just the beginning of the challenges ahead for tesla and elon when it comes to fulfilling ambitions. he might have moved past model three production but there is more for elon to accomplish in the weeks ahead. vonnie: talk to us about what is happening in buffalo. that is

. >> plus, could tesla be hiding employee injuries? a new report on what workers are told not to do allegedly during an emergency. >> i'm chief meteorologist jeff ranieri. a chilly 55 right now in san jose, i'll show you how many spots drop into the 40s tomorrow morning and a look at the full voting forecast in about 7 minutes. and there )s a good chau don )t know about it. >>> it's happening in our own backyard, and there is a good chance you don't know about it. it's a multi-billion dollar black marked that federal agents say grows every year. >> you know what we're talking about? exotic animals. everything from tigers to cobras, smuggled into the u.s. and sold as pets. we bring in senior investigator stephen stock with us. steven, it sounds outrageous. >> yes, it's hard to believe in some cases. wait until you see what we found. we spent the last few months behind the scenes of this black market where exotic species are traded and smuggled through our borders nearly every day. may l or african safari. but these wild animals actually

christine. >> matthew, thank you. >>> still ahead, tesla ceo elon musk said tesla almost died earlier this year with the model 3. what he told axios about his plans to go to mars. problem ar. so thaht & the staff needs to know, they will & they'll drop everything can you take a look at her vitals? & share the data with other specialists yeah, i'm looking at them now. & they'll drop everything hey. & take care of this baby yeah, that procedure seems right. & that one too. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & when your patient's tests come back... than rheumatoid arthritis. before you and your rheumatologist move to another treatment, ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well enough. it can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and othe

he told officers he had put his car, his tesla into autopilot. he was arrested after officers found that his blood alcohol level was twice the legal limit. again, we don't know if the driver of this particular tesla was in autopilot or self-driving mode but we know that driver is under arrest for drinking and driving, and is now headed to the jail. this tesla headed to the tow yard, because it is now a part of the evidence in this investigation. we'll keep asking questions this morning. we'll bring you more answers as we get them. in palo alto, kris sanchez, "today in the bay." >> very bizarre there, and a lot of questions to be asked, kris, thank you. >>> more breaking news to tell you about this morning. if you are a starwood member, you want to listen up here. its potential massive data breach that may include the theft of credit card information. marriott saying someone accessed the database holding personal information of approximately 500 million guests. that hacker or hackers had access to starwood network for some four years with access t

maria: are you short tesla? >> we're not short tesla. we try to have companies that have a less crowded short position. as we've seen, tesla's a battle ground stock, can move 10, 15, 20% on a tweet fromy lon fromy . we're trying to find less crowding, lower short squeeze risk. dagen: what are other shorts that are too crowded for you to anticipate -- participate, rather. >> we see short interest higher than 30%, that's indication to us that the market already sees there's a structural problem here. when the shorts are that high sometimes the cost of borrowing the stock is high. we're trying to find situations that aren't crowded where we're getting paid right now to short given the general collateral rates of a percent, percent and-a-half. those are the situations we want to be involved in. >> what's the best short you've done in the last few months? >> we shorted maxar technologies, a merger between mcdonald debt wyler and digital globe. shorted it in the 50t 50s. there's a lot of debt, no growth. the market is figuring these situations