they're looking to see if the tesla was involved in any other crimes over the weekend. police also tell us the posted speed limit was around 25 or 30 miles per hour. based on the

investigators are working with tesla to obtain more evidence. police a 21-year-old kelsey cambridge of vallejo was driving the vehicle. she had rented the tesla from the app called get around. >>> a live look in downtown san jose. the city is experiencing a transformation driven by an influx of new tech emphasis. bryson, what the latest companies to a announce a major move to san jose, the company plans to build a huge tech campus near the city's airport and a plan to bart station. devin fehely on the growing tech profile and how the balance of power is shifting in silicon valley. >> reporter: about four years ago san jose civic calling itself the gateway to silicon valley. at the time, it was more aspirational but it wasn't strictly accurate. sure. but there are a lot of tech workers who call san jose home, and but fewer tech companies do. but that is changing. call it the google effect, businesses and city leaders say other companies are feeling the gravitational pull of the tech giant's decision to build a massive campus in downtown san jose.

this was a record quarter for tesla. a lot of it was on the strength of the model three, which is what everybody has been waiting for. everyone was hoping this car would be a hit, that it would sell at good prices, and continue to generate interest in the u.s. and new markets. the only downside to this is that sales of the models s and x were down 25%. it feeds concern down the line here that the higher-margin vehicles aren't selling quite as well. they are getting a little bit long in the tooth. tesla is going to need to spend money to freshen them up. those other ones that actually make more money. but there is very good model three demand, and there were a lot of concerns that there were not that anymore americans who could spend $50,000 on electric car without a big tax credit. keep in mind, those federal tax credits have been waiting. it up -- have been waning. it appears there's plenty of demand, so shares are doing great on the news. guy: the question has to be how sustainable is it. this is a heavily shorted stoc

the drive was in a rented tesla. she used the tar sharing app, get around. it is unknown if the car was in the auto mode. police should be able to get that data. >>> police in concord want your help to track down a pickup truck driver involved in a hit and run crash where a motorcycle rider was killed. it happened yesterday morning in concord after midnight along concordat la dotto way. a motorcyclist crashed in to the back of a car he was trying to pass and ended up on the opposite side of the road. moments later, a dark colored pickup truck drove over the cyclist and the truck never stopped. witnesses rushed over to help that injured cyclist but he died there on the streets. >> i can see the bike in the yard. since pieces were everywhere, i could see the people in the middle of the street. >> that pickup truck probably has new front end damage. if you have information, call concord police. >>> ice is being accused of violating oakland's sanctuary city policy after a report revealed how he used oak land international airport to deport immigrants. from 2010

nbc bay area talked to the owner of the tesla yesterday, who rented the tesla out to the driver. he says he was in the office when he got a message that said the tesla was not drivable, and something failed. >> then i received a follow-up call from tesla roadside assistance, and the guy was saying your car is in accident, are you okay? i told him, i don't know, because i share a car on getaround. >> police say this is a busy high tourist area and drivers need to slow down. the wife is at san francisco general hospital. the driver was arrested of the tesla. police say so far, it does not appear drugs or alcohol were a factor in this tragic accident. back to you. >> thank you, sharon. it's 5:02. >>> we have breaking news. iran says it's captured what it says are u.s. spies. the country accusing 17 people of working for the cia. the intelligence sbin stree say they are all iranian citizens, some arrested apparently sentenced to death. tracie potts is live on capitol hill. have you heard anything from washington, tracie? >> no, no response from washington yet, but not only have some

she was behind the wheel of this black tesla model 3. she blew threw the red light at o'farrell and taylor in the tenderloin. >> the mini cooper had the green light, made contact with the tesla as it ran the red light, causing the vehicle to hit two pedestrians in the crosswalk. >> the san francisco medical examiner has identified the man in the crosswalk as 39-year-old benjamin deen from clovis. the driver of the tesla rented it from a car share company called get around. the owner, albert kim dime the crash scene because he got an odd notification from tesla about the collision. >> the message showed up your car is not drivable. >> reporter: police say they have security video camera from three different angles. they estimate the driver was going about 45 miles per hour when she ran the red light, causing the deadly chain reaction crash. kim says there should be video from the car. the model three has five cameras aboard. >> usb speaker in the car which records all the footage. hopefully it did capture. >> reporter: police collected th

and witnesses say the tesla had been speeding from market street. >> driving his tesla, driving northbound on taylor, ran the red lights here at o'farrell and a mini cooper traveling eastbound with the grn light sideswiped them. >> when the car crashed, the impact caused them to fish tail. throwing them to the g around a crashed into an empty parked jeep in front of the hotel. the drivers were not hurt, trying to save the male pedestrian, but it was too late. >> one of them, they were trying to resuscitate. the other faced down. >> the female was taken to sf general hospital. the male victim identified as 39-year-old benjamin deen of clovis. police interviewed both drivers who cooperated. about 7:30 p.m., police arrested the tesla driver, a woman in her 20s, who police say has addresses francisco and vallejo. turns out she had rented the tesla using the car sharing app, get around. and yesterda 4:00 p.m. and does not know if they were able to get data from the car. and all the speed also, the movement of the steering wheel and acceleration, everything. >> reporter: police say they arrested

tesla soaring. in the second quarter the electric carmaker delivered more than 75,000 cars and exceeded the previous best mark at the end of last year. this quarter could be a bigger test for tesla and this week the tax incentive for electric car buyers was cut by half. that's the bloomberg business flash. francine: how to brexit and the two candidates to be next prime minister have vowed to rip off the backstop. and they continue to block a no deal exit. and new england governor says the higher they go it would lead to higher interest rates. first of all, given the appointments at the e.u. top jobs, how does it change with how they deal with brexit? hans: it should not change anything at all. >> because nothing will take effect until november and if both candidates are right they'll take the u.k. out of the end of october and should be no overlap on the exit with brexit instead. and the first day everyone in the e.u. will take office. the first day will be possibly of a no deal blexity so they'll s

we are awaiting tesla numbers which we expect imminently dan ives is onset. what are you looking out for >> around gross margins, can they keep the gross margin knowing that sort of low to mid 20s in terms of trajectory ultimately it comes down to do they rip the band-aid off on the overall unite guidance for the years. do they take their medicine here that will be the key question as well as profit building on the q3 and q4. >> numbers are just out. phil lebeau with numbers for us. >> hey, sara not surprising we are seeing a loss from tesla. company reporting a loss of $1.12 per share, revenue coming at $3.65 billion, a little shy of expectations. free cash flow, $600 million the automotive growth margins which a lot of people were focused on, coming in at 19% it is the guidance that gets the most attention here. shanghai on schedule to open, the shanghai plant on schedule to open by end of the year the the model y is scheduled to be launched by fall of 2020 in terms of the company's ability to deliver between 360,000 and 400,000 vehicles this year, that is

and the mini cooper striking the tesla, which drove the tesla to hit two pedestrians in the crosswalk, spinning it into an unattended parked vehicle and landing on top of the sidewalk. >> both drivers escaped without being hurt. police tell us they've obtained a memory chip from the tesla. investigators hope they'll find data that can help them learn more about this afternoon's tragedy. >>> meantime, abc 7 news is helping build a better bay area tonight by focusing on a barbecue intended to recognize differences and find common ground. >> abc 7 news reporter cornell bernard was this oakland for the event that organizers say is a positive response to racial injustice. >> everyone was welcome to attend this event celebrating the african-american community, a way to move forward after an incident captured on cell phone went viral. ♪ hundreds came to lake merritt for music and bar pa cue. >> we know how to make beauty out of something that was disgusting. >> reporter: this event, called war bakuing i'll black, a nod to a troubling incident. >> two black men are having a barbecue, oh my

the tesla hit a mini cooper and then police say the driver lost control of the tesla and hit two pedestrians in the crosswalk. one of the victims died. he is benjamin dean out of the fresno area. you see on his wife's facebook sight they were in san francisco and had touring the museum of ice cream. his wife is at san francisco general hospital. the owner said the car he rented was having trouble and soon found out about the deadly accident. >> then i received a call from tesla roadside assista a share a car. >> police say this intersection just outside of union square is a busy area and drivers need to slow down. police do not believe drugs or alcohol were a factor in this accident. reporting live in the news room, nbc bay area news. >>> meanwhile i.c.e. used o.k.land international airport to deport immigrants even though oakland is a sanctuary city. we're joined live with pete with all of the details. >> yeah, in oakland a and the president at ods when it comes to this issue. let's talk about this report. it comes this group. the staging ground for nearly 1,000 flights immigration and cust

liz: tesla, got to get to that. coming up with earnings after the bell so we're about 17 minutes away from the closing bell. you have to tell me what you think elon musk will say whether this is a stock to really go all in on and hold on to. >> if you want a short seller, it is not i. i've been a owner of tesla the car and the stock since very shortly after the ipo, so its treated me well. it all comes down to basic fundamentals. the gm i'm really interested to see starting to behave like a traditional car company and doing discounting so i'll be curious to see where that nets out but i do think there is a lot of interesting and promising news there. i think elon musk is one of the rare people where his neural link kind of brain company, he seems to thrive as new things to capture his attention, unlike most people so i don't worry about his focus and i think that series i believe is the name of the chinese competitor that's was in the u.s. that just recent ly announced they are going to stop. i think it's a positive

at cnbc global headquarters tesla shares surging after new delivery and production records were set. >>> shares of symantec soaring on talks that broadcom is looking to acquire the security softwaremaker. >>> president trump announces plans to nominate two economists as central bank governors. >>> the ten-year treasury yield falling back below 2%. >>> and the passing of a corporate legend the auto world remembers the life of lee iacocca after the industry icon died at the age of 94 this is wednesday, july 3rd. "worldwide exchange" begins right now. >>> good morning welcome to "worldwide exchange." i'm contest is a brewer. brian sullivan has the day off here's how your money is setting up the day s&p implied open is up ten points dow futures opening higher the nasdaq up 40 points.-yeartr falling back below 2%. the german bund yield has fallen to a new record low. the ten-year t note at 1.953%. shares of tell la are taki tesle taking off >> tesla popping up 7% the company reporting record deliveries and production of its electric vehicles in the second quarter, confirming predictions f

it only requires drivers be 19 to get a car unless it's a specialty car like tesla. getaround says it's cooperating with authorities and won't share details out of respect for the

the owner today told abc7 news reporter chris reyes what he saw from his tesla's dashcam video right before the collision. >> i am surprised because she was very slowly driving and crossing the market street very casually and slowly. you could hardly believe that she would just accelerate just like that. >> reporter: that's what albert kim saw from his tesla's dashcam video of the crash near union square that killed 39-year-old benjamin dean and critically injured his wife kelly dean last weekend. kim has turned over the car's thumb drive to police. they are now trying to recover footage from the moment of collision. >> right at the time of the accident, the data was corrupt. >> reporter: kim rents out his tesla on the service get around. it was his car 21-year-old kelsey mariah cambridge was driving at the time of the crash. >>> for every tesla you rent on get around you put a speed limit. >> yes, because i don't want my car to be totalled. >> reporter: kim says he does everything possible to make sure his cars are safe to rent. >> it's not the performance model so it doesn't have l

and coming up tesla so the most technologically advanced cars in the market but are they. >>apparently to advance for their drivers that troubles, many owners are facing. so that early retirement we planned. it's going ok? great. now i'm spending more time with the kids. i'm introducing them to crab. crab!? they love it. so, you mentioned that that money we set aside. yeah. the kids and i want to build our own crab shack. ♪ ♪ ahhh, you're finally building that outdoor kitchen. yup - with room for the whole gang. ♪ ♪ see how investing with a j.p. morgan advisor can help you. visit your local chase branch. at at&t we believe in access. the opportunity for everyone to explore a digital world. connecting with the things that matter most. and because nothing keeps us more connected than the internet. we've created access from at&t california households with at least one resident who receives snap or ssi benefits. may qualify for home internet at a discounted rate of $10 a month. no commitment, deposit, or installation fee. visit att.com/accessnow, to learn more. >>they'

tesla bulls definitely grabbed on to. first of all, he said in terms of production they are preparing for an increase in production. he didn't give a time frame. he didn't give any numbers in terms of how much production would go up, but he also said that the china plant, the one that's being built in shanghai, they are making progress there, rapid progress remember, they've already said by the end of the year they expect to begin production there. so if you're a tesla bull, you look at this leaked e-mail and say, fantastic news. one reason why the stock moved higher today but it has us thinking, we have seen a number of leaked e-mails, ten going back to the end of march. what happens to the tesla stock performance the day after those e-mails come out or the morning, you know, if it is leaked in the morning, what happens that day we're not going to show you all ten but we pointed out a few of them here. let's start first off, april 19th there was an e-mail that came out, it was not terribly significant. no big catalyst wi

plus, a battle for the soul of tesla. one bear, one bull they face off ahead of results after the bell "power lunch" starts right now ♪ ♪ what is it good for ♪ absolutely nothing >> what a song

tesla shares drop after a record quarter of deliveries. broadcom words -- pushes deeper into software. ♪ nejra: good morning. just on 6:00 in london. welcome to daybreak europe. yields front and center. drop in global yields, the 10-year hitting another 2016 low. below 2%. we had 195 on that treasury 10 year yield. we see u.s. stocks hit another record high in yesterday's session. we have to think about the fact that we will have a holiday and markets closing early. independence day tomorrow. futures on the back foot ahead of that. the yen also bid. concerns around global growth. dollar-yen. let's take a look at the euro. this has been remarkably steady over the past couple of days. tradingear bund yields -36 yesterday. we saw that btp two-year yields drop into negative territory. how much does that say about italy or the hunt for yield globally? the 10-year btb yield below the 190 and a. the euro spiked briefly in the sense in yesterday as we heard that the ecb may not become sintering -- be considering a rate cut. gold on the front foo

faang name mike khouw says is about to shred it up he will tell you how to trade it plus -- ♪ >>> -- tesla earnings are on tap next week. don't get too giddy, elon, because dan nathan says it is setting up for the short of the century. he'll explain. >>> and -- >> wears sneakers in the pool. sneakers. >> maybe so. but there's one soggy sneaker stock karen finerman says is about to kick up dust. she'll tell us what that is in her "options" debut. it is time to make more. the action begins now. >> let's get right to it because next week is one of the busiest weeks for earnings and it will be all about the faang stocks facebook reporting on tuesday. the options markets on fang are more than 6% move in either direction. amazon and alphabet could see a 4% jolt when they report thursday together. that accounts for nearly $110 billion and a potential shift in market cap. with netflix posting a huge miss this week, how should you play these names into the reports let's get into the money, kick it off with mike mike, what are you looking at? >> i'm looking at facebook i think it is probably the big

el dueÑo de este nos dice que recibÍa informaciÓn del tesla a lo que Él les contestÓ que habÍa rentado su auto. por lo que ahora tambiÉn se investiga si este vehÍculo se conducÍa en modo autÓnomo, ademÁs las autoridades aseguran que existe una cÁmara en el tablero del tesla que grabÓ todo o el incidente. >>> la policÍa de oakland busca a un sospechoso que casi atropella a varios peatones, el incidente ocurriÓ en el lago (nombre en inglÉs) el conductor sigue prÓfugo. >>> esta noticia en desarrollo los mantendremos informados con nuestra informaciÓn a nuestra sala de redacciÓn. ♪ (mÚsica) ♪ >>> algo pasÓ porque, ya podÍa seÑal de vida >>> desesperada se encuentra una familia en busca de una joven que fue vista por Última vez cuando asistiÓ a un concierto >>> un condado santa clara tomas acciones para evitar tragedias durante los incendios forestales les diremos cÓmo >>> estamos siguiendo precisamente un incendio que arde cercano a (nombre en inglÉs) en el condado napa le vamos a tener mÁs detalles adelante. una mujer desaparecida. >>> eric gaitÁn tiene 29 aÑos

and does it really matter when you look at how, i guess, rapid the tesla fan base is? >> yeah, well, i think there are two things the first thing is, i think there is a role for consumer watchdogs like consumer reports. these cars are going out into the world and it is possible for -- to collect reports from owners it is possible to actually inspect them so i actually think that -- we're going to see and should continue to watch the reports that are happening the second thing is that it's zero secret and elon musk himself admits this, that the working conditions at tesla, as he's described them, have been similar to hell on the production lines and so i don't think it's beyond the realms of possibilities that workers were working in temperature conditions that weren't great, that they were cutting cancer in terms of trying to meet the production requirements so it's consistent with the broader story that we've heard coming out of tesla, whether these specific facts a allegations themselves are true. >> stock still had a good bounce, up 18% in a month. >> yeah. >> we'll

but then i received a call from tesla roadside assistancassista. the guy was saying your car is in an accident, are you okay? >> one deceased. one injured. those were the pedestrians in the crosswalk. drivers of both vehicles win were solo females were not injured. because of airbag deployment and ability of the vehicles to sustain and take the impact of the vehicle. >> reporter: now, we are told by the police that those two pedestrians were visiting the city. they live in pedestrians as in their 50s. a husband and wife. the husband did not survive this crash. they are still piecing together a whole lot of this. obviously, we're going have a full report coming up on nbc bay area news at 11:00. reporti ining in live, sergio quintana, nbc bay area news. >>> all loan lanes are back op inside the macarthur tunnel after a car burst into flames there. firefighters got everything under come. this is the tunnel that connects to the golden gate bridge. it happened about 12:30 today. see the aftermath there. luckily, no one was hurt in all of that. >>> in ea

tesla is still a relatively new brand. it will be interesting to see what happens if and when they refresh these luxury lines. taylor: that tax credit, as it shrinks in half, how much was -- how much of a tailwind was that this quarter and, going forward, with that tailwind removed, how much do car sales slow? be the big will question on the conference call for earnings in a few weeks. the end of 2018, the fourth quarter was the previous record for deliveries and a lot of that ended up being in hindsight, a lot of consumers going out to buy the model three and s and x. people underappreciated intouch that was demanding the fourth quarter of that last year. the is the big question for third quarter, can they sustain the momentum even with smaller amount of support from the federal government? taylor: i should bring in david winston, morningstar analyst joining me from chicago. a discussionving where it seems to be in the all clear. from your fundamental analysis, fold in the demand and xofitability mix of the s and , which

take a look at tesla. this was one stock that moved with a surge in late trading, gaining as much as 9%, at the moment gaining 7%. tesla withn record deliveries. more than 95,000 vehicles liveried in the second quarter. a very good signal given the fact the stock plunged about 30% this year. let's see how we are setting up for the markets in asia. sophie: this wednesday, we are likely to see a straight session in asia after the action on wall street. stock futures pointing lower in sitting as well. over at wellington, kiwi stocks opening in the red. we will be watching for tracking a rally in treasuries as the governor warned of protectionism for a move into haven assets. for the governor at the rba, more data to consider today. trade and building approval which will offer the australian economy after the central banks cuts. paul? paul: thank you very much. let's check in on the first word news. subsidiesg-running dispute between airbus and boeing have dragged more eu products to a risk of potential tariff

. >> plus, the real steps that tesla employees took to hit the model 3 production targets that story coming up next on "power lunch." >>> tesla employees telling cnbc they took short cuts to mead model 3 production goals phil lebeau joining us with more on the story >> this stems from an investigation cnbc.com's laura has been conducting, looking at the practices of building the model 3 out in fremont, california specifically at the assembly line that is in the tent that they have built next to the rest of the production facility tesla workers there have told cnbc that they have taken short cuts in order to build the model 3, that includes using things like electrical tape or not putting nuts on top of bolts inside the vehicles and they complain the conditions in the assembly tent really were thought the best conditions, especially when the california wildfires were going on. in reply to the questions from cnbc.com, tesla says the anecdotes reported by cnbc from a few unnamed sources are misleading and do not reflect our manufacturing practices or what it's like to work at tesla. all

the other point about tesla i think mike said it you wouldn't be short tesla here but the idea of buying a well defined makes sense. >> that's it for us on the big o.a. see you next friday at 5:30. don't go anywhere. "mad money" starts right now .. - [narrator] the following program is a paid advertisement for the nuwave bravo xl sponsored by nuwave, live well for less. is all the clutter in your kitchen starting to look like an old junkyard? sick of spending hours cooking, only to serve mediocre meals lacking in flavor? wish your family would spend less time whining and more time dining? well, now they can! with the new bravo xl, the world's first digital smart oven with flavor infusion technology. it's a breakthrough in culinary creations! coming up next, you'll see how bravo's compact design cooks large family meals in record time! how, with just a touch it can bake, roast, grill,

when police say the driver of this tesla appears to be speeding when she runs a red light, it brought renewed attention to a problem that has existed in the tender loin for years. >> every single street in the tenderloin is on our city's high injury network. >> reporter: there are more oneway streets here creating a sense that people can drive faster. most of the people who drive through the tender loin are not residents. last july 18th, a man was struck at the intersection of eddie and mason. while we were shooting this video, a young woman was nearly hit by a car. >> i just caught this. you almost got hit. >> right, yeah. i was crossing the street. i still had -- and yeah. >> reporter: according to the san francisco municipal transportation agency, speeding is the cause of 25% of fatal accidents in the city. the collision happened right here on taylor and oh farrell. this is an intersection that is always of grave concern to many because people do speed through here. i downloaded an app which is going to tell me how fast people are going. now, honestly will, i don't know how accurat

and product architect of the electric car company tesla pay pal the online payment system worth more than $15000000000.00 was co-founded by musk he's the c.e.o. and lead designer of space x. the aerospace company is reportedly worth more than $33000000000.00 he's the c.e.o. and co-founder of near a link a neuro technology company that develops implantable brain computer interfaces traffic is soul destroying it's like acid on the soul it's horrible after living in los angeles for 16 years must decided to take the issue of traffic into his own hands unfounded the boring company he's proposing underground tunnels as a way of relieving congestion on the roads the system is designed to do over 250 miles an hour through the tunnel and i mean would it be credible if you could travel around l.a. . d.c. chicago paris london anywhere at a 150 miles an hour phenomenal he's also the co-founder and cochairman of open ai research organization developing artificial intelligence but now there's been a few incidents that received quite a bit of media attention and it's happening on twitter there was

>>the plan you just the peace of mind of owning a tesla knowing that. >>and john's tesla has cameras on the front back and sides of the car it captured the accidents here you can see the truck pull up to john's car. full speed wait for the car on the other side of the road to pay asked many crosses the double yellow line it slams into the side of john's tesla continues to drive, back and forth before taking off. >>definitely interested. john had just purchased this test low last week this is where the damage is and although he has some scratches to fix he's happy. he was in this car. it was able to get video of what happened and send it to police happened my son in los gatos michelle kingston kron 4 news. >>san francisco international airport is said to have new rules for rideshare pickups for domestic travelers. that started today, sfo opened a new parking lot at 9 o'clock this morning, hoping to ease some traffic there. this comes as an effort to reduce traffic congestion is underway at the airport both millbrae and burlingame is mayors wrote letters

details are coming up. >>> tesla is preparing to boost production at its alameda county plant. the company says it made nearly 90,000 cars in the second quarter. according to bloomberg news, tesla is making preparations at its fremont factory for quarter three. although it is not clear how. tesla is also reportedly expected to hire more hands to help. >>> we are hearing for the first time from a glendale couple, whose embryo was given to the wrong mother, who lives in new york.>> me, mywife al had to suffer physically. >> the child robbed me of my ability to carry my own child. my baby boy, to be with him the first few moments of his life.>> the family is suing the percent fertility center, located in los angeles, as well as the start the director and other medical staff. this case is believed to be the first in u.s. history that a family has to go to court to recover their offspring from a mother who unwittingly bore a child as a result of a fertility center error. >>> it seems almost every day we hear about another corporation or a government agency gettinged hillary lena sat

the preliminary information given to reporters by san francisco police state when this black tesla ran through a red light hitting two pedestrians killing one of them, the driver police say was in full control. >> if not on auto pilot, can we say that the driver was at fault? >> so far that's what it looks like yes. speed was a primary collision factor. >> reporter: that's a former sfpd lieutenant well informed when it comes to tesla. sfpd would not talk to reporters today only to say they are preparing search warrants to obtain more information from the car's data storage device, which they took out after the accident. so why a search warrant? >> it's pretty common procedure for any big company if you ask for records they maintain that they want to search warrant before those records are released to you. >> reporter: tesla is known for fighting customers in court to refrain from giving up any data. >> we want to reiterate that we are not bashing tesla here, but the reality is, that with this system, we know everything that the driver did or was doing so that that person can't say no r

tesla is still a relatively new brand. it will be interesting to see what happens if and when they refresh these luxury lines. that could be just the thing that causes people who are model three buyers to want to trade up. taylor: craig, that tax credit, as it shrinks, how much of a headwind was that this quarter -- i should say tailwind. excuse me. going forward, with that tailwind removed, how much do car sales slow? craig: that will be the big question on the conference call for earnings in a few weeks, right, because the tax credit will go from $3750 down. $1875.8 unit what we saw at the end of the 2018, fourth quarter was the previous record deliveries and a lot of that and that being ended up being in hindsight consumers going out to buy the model three and s and x before the tax credit was cut in half. i think people sort of underappreciated how much of that was demand being pulled ahead into the fourth quarter of last year. that was part of what fueled a big drop-off in the first quarter of this year. that is the b

i think tesla's success is important in the industry. nobody wins if tesla fails, and i think they've really pushed the industry to make a better product, to make better technology, to introduce vehicles that maybe have an edge or a sharpness to them that would not be there if tesla was not there, so i like the fact that they are succeeding. i don't know if it is scalable, that is one of my biggest concerns, on a global basis. but i congratulate them. i think it is terrific. paul: in terms of u.s. sales, is there a chance the reduction of the u.s. tax credit could impact third quarter deliveries? rebecca: it absolutely will impact the third quarter deliveries. you know, one of the issues i had with these incentives, it motivates all the wrong people to buy these vehicles. you are motivating people who are early-adopters, who would buy these vehicles anyway. and just a time that we are trying to make electric vehicles mainstream, we take the incentive away, so we end up incentivizing the wrong people. so i would love to have us re-examine

is tesla hoping to do that? >> yes, you now have people openly positing this morning with tesla, is the model three structurally unprofitable? hashave a car that tesla come into their credit, proven that they are able to sell at high volumes. they are moving a lot of metal, but they are not making money. they had a record quarter of deliveries, and yet the loss was quite a bit worse than analysts were expecting. this is an open question at this point, whether or not this is a company that can make money. threere selling the model at prices on average about $50,000, so we haven't even really seen the average price the down with more of purchase is being some of the lower-priced cars. this was a car that was supposed to start at $35,000, and they've never really gotten to that price point in any sort of large numbers. guy: was at the numbers that freak to the market out, or the fact that one of the cofounders is walking away from the business after unloading a load of stock? craig: looking at the session last nigh

spot the tesla absent me a message that my car was not drivable and was in an accident. truck the app states the drivers must be at least 25 years old to rent specialty cars like a tesla. it is unclear how the 22-year- old driver obtained the vehicle. this morning, motorcycle officers look for violators at the intersection. they pulled over multiple cars. i spoke to both benjamin and kelly's parents. they tell me over the phone that they are extremely angry and upset, but the focus right now is making sure that kelly survives her injuries. collating remains at sf general. doctor stacey lang critical condition. in san francisco, da lin, kpix 5. >>> we did get new information from san francisco police . the identified the driver as kelsey cambridge from vallejo. they say she is 21 years old and not 22 as earlier stated. activists say this is the 14th fatality for the year in the city involving pedestrians and cyclists. the plan to protest this afternoon to pressure the city to declare a state of emergency for traffic safety. >>> emsa morning commute for drivers on the east

manufacturers are -- >> if you talk to people who own tesla's they love tesla. they love their cars. they are not focused on the in and out of whether the company is making money and how may deliveries they are making and what production is looking like. how much does that matter? >> it is huge. making a good car is the most important thing. more important than anything else. to been's point. one thing about the conversation that has changed over the last year is, about a year ago there the people out there saying company is doomed and they are never going to get to volume production. now the debate between the bears and the bulls is different. manufacturer,he that would be double bull case, and the bear case as this is going to be bigger than toyota. if you are elon musk that is a good shift in the conversation. you don't have as many sane this thinging about collapsing every day which was happening a year ago. emily: talk about a shift in the conversation. he has been more restrained on twitter since his settlement over how he is communicating with the public

tesla is still a relatively new brand. it will be interesting to see what happens if and when they refresh these luxury lines. that could be just the thing that causes people who were model 3 buyers to trade up. taylor: that tax credit, as it shrinks in half, how much of a headwind -- tailwind was that this quarter and, going forward, with that tailwind removed, how much do car sales slow? craig: that will be the big question on the conference call for earnings in a few weeks. the tax credit is going to go $3750 down. what we saw at the end of 2018, the fourth quarter was the previous record for deliveries and a lot of that ended up being , in hindsight, a lot of consumers going out to buy the and s and x. before the tax credit at that time was $7,500 before it was cut in half. i think people underappreciated how much of that was demand into theld ahead fourth quarter of last year. that is part of what fueled the big dropoff this year, so that is the big question for the third quarter, can they sustain that momentum even w

tesla is still a relatively new brand. it will be interesting to see what happens if and when they refresh these luxury lines. that could be just the thing that causes people who are model three buyers to want to trade up. that tax credit, as it shrinks, how much of a headwind was that this quarter -- tailwind. with that tailwind removed how much do car sales slow? >> that will be the big question on the conference call for earnings. the tax credit will go from $3750 down. at the emd of 2018 fourth quarter was the previous record and a lot of that and that being consumers going out to buy the model three and s and x before the tax credit was cut in half. people under appreciated how much of that was demand being pulled ahead into the fourth quarter of last year. that fueled a big drop-off in the first quarter this year. the question is can they sustain this momentum with the model three even the smaller amount of support from the federal government. is a morningstar analyst joining me from chicago. we have been having a di

let's get straight to tesla. can tesla survive? it is a stand-alone car company. not looking good. does it survive? >> i think it will survive if it stops producing as many cheap cars. i think tesla was a really exciting brand when it was considered more of a premium brand. now obviously they are trying to go after the cheaper market and they don't have scale. stuart: shah, does tesla survive? >> i would give it a 50/50 chance of survival. the company is going to continue to have troubles in terms of raising cash, debt load continues to rise and production of the cars, they are constantly missing schedules and the competition is chomping at their heels. i think there's a lot of better looking electric vehicles coming up behind tesla. i think they will road test the position of being the number one ev car in the market. susan: they lost their chief technology officer. he's one of the pioneers and really, tesla is about their technology. it's kind of treated like a tech company. it's based on technology. this is a big loss for them. don't forget, they delivered record number of cars

and product architect of the electric car company tesla pay pal the online payment system worth more than $15000000000.00 was co-founded by musk he's the c.e.o. and lead designer of space x. the aerospace company is reportedly worth more than $33000000000.00 he's the c.e.o. and co-founder of neurally a neuro technology company that develops implantable brain computer interfaces traffic is soul destroying it's like acid on the soul it's horrible after living in los angeles for 16 years must decided to take the issue of traffic into his own hands and founded the boring company he's proposing underground tunnels as a way of relieving congestion on the roads the system is designed to do over a 100 miles an hour through the tunnel and i mean we're being credible if you could travel around l.a. new york d.c. chicago paris london anywhere at a 150 miles an hour to be from phenomenal he's also the co-founder and cochairman of open ai a research organization developing artificial intelligence but now there's been a few incidents that received quite a bit of media attention and it's happening

a car manufacturer, i agree with you so why is tesla disruption tesla delivered in the second quarter 50,000 cars in the u.s all premium brands altogether in the u.s., delivered 60,000 midsize premium sedan. so tesla is almost as much as the rest of the market >> enterprise value of almost $50 billion. the market is already giving it credit for disruption. >> no, not enough credit >> how much should they get? >> $530 in one year from now >> $530 is pierre's price target thanks for joining us. tesla up 5% or so with 30 minutes left of trade. >> we could see record closes for the dow and the s&p and the nasdaq hitting intraday highs right now. here are three things driving the action on record close watch for the dow and the s&p. the nasdaq just a few points now below record closing levels. the ten-year treasury yield falling to its lowest level since 2016 and we're awaiting the key june jobs report. that's due out on friday morning. >> time for a cnbc news update with sue herera. >> hello, wilf hello, everybody >>> russian authorities say at least 20 people have died, eight are still m

tesla is still a relatively new brand. it will be interesting to see what happens if and when they refresh these luxury lines. that could be just the thing that causes people who are model three buyers to want to trade up. >> that tax credit, as it shrinks, how much of a headwind was that this quarter -- i should say tailwind. excuse me. going forward, with that tailwind removed how much do car sales slow? >> that will be the big question on the conference call for earnings in a few weeks, right, because the tax credit will go from $3750 down. what we saw at the end of the 2018, fourth quarter was the previous record deliveries and a lot of that and that being consumers going out to buy the model three and s and x before the tax credit was cut in half. people sort of underappreciated how much of that was demand being pulled ahead into the fourth quarter of last year. that was part of what fueled a big drop-off in the first quarter this year. that is the big question for this can they sustain this third quarter, momentum wi

peatones ha muerto, fue poco despuÉs de las dos de la tarde cuando este vehÍculo color negro marca tesla que era conducido por una mujer que pasÓ un semÁforo en rojo mientras transitaba por la calle impactÁndose contra este auto v automÓvil color gris marca minicooper, tras el impacto de la mujer que conducÍa el tesla que es rentado, perdiÓ el control y atropellÓ a dos peatones, unaej un hombre y una mujer en la intersecciÓn de esta calle, esto es lo que nos dijeron las autoridades. > ( habla en inglÉs ) la policÍa dice que el hombre quien cruzaba la calle con su esposa muriÓ mientras que su mujer, quien tambiÉn fue arrollada, fue trasladada al hospital con heridas de gravedad, la mujer del tesla y el chofer, la chofer del minicooper viajaban sol. y no resultaron heridas. cabe mencionar que las autoridades nos han confirmado que el chofer del tesla se pasÓ el semÁforo y bueno, conducÍa a 45 millas por hora en una calle donde el lÍmite de velocidad es 15 millas por hora asÍ que bueno, estos hechos son muy lamentables, esta es la informaciÓn que tenemos hasta el momento e

and product architect of the electric car company tesla pay pal the online payment system worth more than $15000000000.00 was co-founded by musk he's the c.e.o. and lead designer of space x. the aerospace company is reportedly worth more than $33000000000.00 he's the c.e.o. and co-founder of neurally a neuro technology company that develops implantable brain computer interfaces traffic is soul destroying it's like acid on the soul it's horrible after living in los angeles for 16 years must decided to take the issue of traffic into his own hands and founded the boring company he's proposing underground tunnels as a way of relieving congestion on the roads the system is designed to do over a 100 miles an hour through the tunnel and i mean we're being credible if you could travel around l.a. new york d.c. chicago paris london anywhere at 150 miles an hour to be from phenomenal he's also the co-founder and cochairman of open ai research organization developing artificial intelligence but now there's been a few incidents that received quite a bit of media attention and it's happening on t

a rented tesla, sharon. >> this happened in a h

tesla. dice que llegó a la seda cuando recibió una notificación en su celular . se espera que las cámaras de vigilancia del auto puedan ayudar a la investigac >>> agrega que es importante manejar con mucha precaución respetando los límites de seguridad se sospecha que la mujer conducía a 35 millas por hora en 1 a donde el se encuentra detenida en este momento. >>> el hombre que murió en el accidente ha sido identificado como benjamín la 39 años de edad . su esposa que se encuentra en estado crítico en el hospital ha sido identificada. >>> ambas víctimas se encontraban visitando la ciudad de san francisco. >>> imágenes que pondremos en la pantalla todo corrió a las 8:00 de la mañana el conductor del vehículo par de la vida al intentar cruzar la vía férrea mientras las barreras ya se usa otro tren para transportar >>> todos los carriles de la carretera cerraron esta mañana. los ocupantes del vehículo incendiado no resultaron heridos se desconoce que provocó el fuego. las a

a dash cam caught the tesla running that light. you can see one of the victims in the last minute kelly dean throwing her arm across her husband dean. the froze know county couple came to san francisco to celebrate their wetting anniversary. that deadly crash happened in san francisco's high injury network. you can see all the red lines indicating that on the map. the dangerous areas mostly concentrated in the downtown, soma and tenderloin neighborhoods. vision zero is the city's initiative to eliminate traffic deaths by 2024. leaders say more than seven deadly incidents happen on just 12% of city streets. >>> boris johnson celebrating victory. the brexit hard liner will become the urktsk's next prime minister. he won an election against jeremy hunt to lead the conservative party. he will officially replace theresa may as prime minister tomorrow. they announced last month she will resign. >>> as part of building a better bay area, we're looking at ways our communities are working do keep us safe, especially during a disaster like a

earnings and there's one thing that's about to shred it up he'll tell you how to trade it >>> plus tesla earnings are on tap next week. don't get too giddy, elon because dan nathan says it's setting up for the short of century. he'll explain. >>> and -- >> his sneakers in the pool. >> maybe so. but there's one sneaker stock that's about to kick up dust she'll tell us what that is in her options debut. it's time to risk less and make more the action begins now. >> let's get right to it because next week is one of the busiest weeks for earnings and it will be all about the bank stocks and could see a 4% jolt when they report thursday together that accounts for nearly $110 billion in potential shift in market cap. and with netflix posing a huge risk this week, how should you play these names into these reports? mike, what are you looking at? >> i'm looking at facebook oftentimes on this show we talk about our desire to sell things when they're overpriced and buy them when they're cheap. in a case like facebook going into a catalyst like earnings the near data options you're going to see ele

i've teslaed plenty of veggie burgers in my day, it teslaed like cardboard i tried a beyond meat burger it was delicious. i think there is a mode around their business but a stock up 800%, i don't care what asset class. you have to pause and say take a little bit off. >> what snide comment is about to come out of your mouth. >> i was thinking a side business but prop erdecor rum prohibits me from saying what aisle in the pharmacy they should be -- >> given the problems you've had. one example. >>> beyond beyond. the conference call is going on 40 minutes in we'll bring you the details as we have them. there were plenty of other names reporting this weekend, more than 30% of the s&p is out with results. along with seven dow giants. how do you play the week ahead chart master is here to give us the long and short of it. >> it is a big week, the stakes are high you get it right you get paid, you don't you limp home busted i have your two buys and two sells. each is not by the company but the pattern type ge is a dud starting to bottom square is a strong stock p&g and exxon looks like it's