tesla's annual sales this year, they might hit 48a -- sorry, 885, 890,000 vehicles. they were 490 last year. by comparison you are going to have both toyota and volkswagen, they are going to be well over 8 million vehicles, 9 million vehicles, somewhere in that range depending how much things have been dialed back in terms of product because of the chip crisis bottom line, this is the automaker that really has moment up not just in terms of market cap but in terms of where the industry is headed when it comes to electric vehicles. >> is there -- we had a guest on last week, kelly, you may remember who it was what had a price target of 42. >> it was 150 on tesla. >> 150 on tesla. >> yeah. >> and i guess the question is, at these levels, how, if the at all, does the investment community view this stock as overextended that's question one. >> right. >> question two, what does tesla do for an encore they have thot got battery technology, they are building factories, they have got hot cars they have first mover vng advantage. they have stylish looking cars is there next m

what this means for tesla. we will get to all of that in the moment but first let's get to the markets with our own kriti gupta. stocks rising to another record today. kriti: led higher by big tech. specifically i --. after you see the weight has been performing. a lot of this has to do with that deal you were just talking about, 100,000 cars. a really big bet on the e.v. space. that is the top performer on the s&p 500, pushing it to record highs. nevertheless, the new york faang index was higher. you did not just see tesla outperform, you saw other big tech companies outperform, and as usual when they outperform. semiconductors tend to follow. i want to hit the after hours earnings story, facebook. shares up after hours. who thought. ? there is a few theories on why. let me run through the numbers. . you had a revenue maze coming in. user growth, however, is up. they are putting $50 billion more in share buybacks. they already have $14 billion in share buybacks. that could be one reason shares are up. going ba

right now tesla is at 63% market share. by 2025 some believe you can catch tesla. you guys are at what 9%, 10% right now in the u.s do you think you can catch tesla by 2025? >> absolutely, phil. when we look at the portfolio we have, not only the hummer and lyric, but mark royce talked we're going to have an equinox-like product around $30,000. we have the silverado e coming, gmc product after that and, again, all the other products we haven't announced yet i am very comfortable, because when people get into these vehicles they are just wowed so we will be rolling them out, and we're going to just keep working until we have number one market share in evs. >> one last question the biden administration looks like it's close to finalizing the economic deals they've been negotiating with congress, and a lot of speculation what this might mean for ev incentives what's your expectation and will you be able to potentially say to buyers, look, we can once again offer a federal tax credit >> well, i'm very hopeful. i've had a lot of conversations even through the weekend, a

tesla is a $772 billion market cap. i pointed out that i think tesla at times may not be based upon valuation. but this is gm's day as a bull and owner of the stock, great stuff i think they need to put their head down and continue to do this >> the concept of recurring revenue is good even though it is a long ways off but let's say we get to 2030 and they checked all of the boxes, does it deserve a tesla valuation? >> it doesn't need to get a tesla valuation to have it be a good due from here what is the tesla valuation at that time if gm does all of the things that gm says it can do. tesla is not going to have at that 46% better market share than gm at that time if gm can do what it says. i agree with kim gm is a show me story. even when they show me the numbers right now and still trades at a low multiple the idea we are going to jump on and get excited about 2030 is hard to fathom because even right now when they put up good numbers, i feel like it doesn't get so much respect. i am with tim, bullish, long they have

tesla has seen hu . e competitors. tesla has seen huge growth _ competitors. tesla has seen huge growth in _ competitors. tesla has seen huge growth in china, - competitors. tesla has seen huge growth in china, how l huge growth in china, how important is that market to them? it important is that market to them? , ., , important is that market to them? , . , , . ~' them? it is a very big market. china actually _ them? it is a very big market. china actually is _ them? it is a very big market. china actually is electrifying i china actually is electrifying its vehicles, cars, trucks and its vehicles, cars, trucks and it is high on the government's agenda because it is pushing for its net zero emission policy by 2060. china is seen as one of the leaders in terms of green energy production. tesla is very well positioned in china and the product is highly regarded by chinese consumers.— highly regarded by chinese consumers. . ~ , ., y . consumers. thank you very much for our consumers. thank you very much for your analysis. _ let's take a look at facebook now, w

>> it is amazing what elon musk has done with spacex, with tesla, with the stock price for tesla. it has been a stellar stock to own. spacex is just incredible in the technological feats that have been accomplished. when we look at tesla based on fundamentals, though, it is hard to justify. i think most look at it as a story stock, more than just an automotive company. obviously you have to look well beyond fundamentals when you have a company in the auto sector around the world that trade somewhere between six times forward earnings to 15 times forward earnings. here is tesla's p/e ratio in the stratosphere. investors have done extremely well there, but there may be a reckoning at some point. the growth story coming back around to fundamentals. on bitcoin, i think what happened yesterday, with the new futures based etf for bitcoin, the general acceptance of bitcoin within the financial services industry, within the commercial industry, is gaining more and more traction, heating a new high overnight here at 66,000. we think in very small doses, bitcoin can be a diversifier in a po

i'm not saying tesla is going to disappear. i am saying that we should take everything he says with a grain of salt and the best authority on this is elon musk himself he has said in the past that he says things that aren't true that he tweets things that he doesn't believe. he has said that his stock, he believes his stock price is out of whack that it's too high because he's someone who dreams and he believes. >> he actually reiterated that at code last week. i don't know if you know this, we're reporting this morning that spacex has hit $100 billion valuation after a secondary share sale and i wonder whether or not you think in some time he turns his attentionto starlink and space and the falcon and turns tesla production over to a real operator. >> possibly. that's exactly what he did with spacex gwen does an amazing job running spacex and i reported on spacex and tesla and what i was told there are rules about elon musk about not being able to hire and fire people inside spacex because everybody realizes guan is the operat

tesla bailing on palo alto and heading to texas. so what happens to the tesla factory in fremont? we are live at oracle park talking giants and dodgers. are you ready for orange october? >>> good evening. this is nbc bay area news tonight. the dodgers just got off the field. in fact just a few minutes ago. there is a live look at the ballpark. we'll take you live to oracle park in a few minutes, joined by former giants outfielder as we are on the eve of this epic playoff matchup. we'll also hear more from elon musk telling us why he is moving tesla hq to austin, texas. we start with the big announcement about masks. you can't ditch them yet is the bottom line. we'll likely not qualify under the new parameters for weeks maybe even months. we'll break it down. eight bay area county currently require masks at most indoor businesses whether vaccinated or not. only solano county does not. the new requirements don't apply there. in order to ease up on mask rules three things need to happen. one our covid cases have to be low enough. two, covid hospitalizations have to be low and stable.

tesla did better managing the chip crisis during the third quarter. and finally, will elon be on, will he be on the call during the last conference call he said he was going to step back from doing these conference calls unless he felt the call warranted for him to be on we will see. as you look at shares of tesla, the stock has been moving higher look in the last one month or last week. it has been on a tear. melissa, a record quality profit for tesla earning $1.86 a share, well above expectations. >> i hope he is on it is always more amusing when he's on. >> much more entertaining. >> the $25,000 vehicle seems to be the key to getting tesla into virgin markets and making a more global, affordable brand do you think we will get any sort of guidance on that >> we talked about this three or four weeks ago when there was an event. gene munster was on and said i hope we hear about the $25,000 vehicle. he he said i am not talking about a $25,000 vehicle. so will he finally give us some clarity in regards to that i am not holding my breath >> phil, thanks.

and as tesla powers closer and closer to new record highs, we've got the tesla predicter who keeps beating the analysts. meet the small businessman who might be able to tell you more accurately how tesla is doing than all the analysts on wall street. you've got to hear how he triangulates and predicts these numbers. but first, we've got to begin with breaking news. the spac attack stock at the moment, wework. wework's wild ride on its first day of trade, up 6.7%. off the high, you can see that are from the intraday chart at the bottom there. the company that reinvented office space leasing but crashed and burned two years ago during its first attempt to ipo has a big move here at least of 6.5% at the moment. the stock opened at 11 and then changed ten minutes later, charging ahead, but then gapped down to $10.57. right now we're at $11.05 at the very moment. no doubt anything is a welcome bump with wework. we nearly ran out of cash back in august of 2019 partly due to outrageous spend anding by the founder, adam new sman. soft bank saved it. this time around wework comes public in a spac o

tesla has attracted traders for a while. option contract represent 100 shares so that's basically 132 million shares of option trading on average over the past 20 trading days there are other stocks approaching that same number, but their share prices are considerably lower if you look at apple, the share price is considerably less as welch when you look at those two things, tesla is a runaway winner typically this is a stock that has moved quite a lot on average, nearly 10% from about a day or two before earnings until the end of that week much interestingly the options market is not implying a move that big and under 5% but the most bullish options contract we saw was the 900 we saw. those were traded just under $9. it seems that there are bullish bets going into earnings and betting that they could approach the all time high we saw earlier this year. >> fascinating, .9 >> mel these are $2 trillion in assets that didn't exist in the last 18 months to 2 years. we talked about meme stocks much a lot of people are convinced t

-- 1000 teslas. a plan to electrify the rental car fleet -- 100,000 teslas, a plan to electrify the rental car fleet. how significant is this for a rental car company like hertz. >> no rental car company has done this before. it is significant for the industry and an enormous step four hertz. they were in bankruptcy and they exited at the end of june. we are at four months into its new history, let's call it. it has new ownership. sophisticated financial player, united capital management, a private equity firm that specializes in travel. this is a good illustration of what new ownership and creative outside the box thinking that isn't bound to tran -- tradition can do in an industry that typically doesn't evolve very quickly. matt: it also sounds pretty good for tesla. you get so many people able to spend more time than just a 30 minute test drive with your car and you are selling 100,000 vehicles at almost list price, something tesla is not used to doing. erik: no, as you out, a different test i exp

he did not just see tesla l performing. when those companies outperform, semi conductors tend to follow. that is when you see the 0.6% gain. i want to hit the after hours earning stories. that is facebook. shares up after hours. who thought? there are a few theories on why. you did have a revenue miss coming in on the lower end of the estimates. user growth is up. they are approving $50 billion more in share buybacks. they have already had 14 billion in share buybacks. that is one reason shares could be up here going back to last week, snapchat has some pretty awful numbers. there was this expectation built into the market facebook was going to have any awful numbers. a little bit better than expected. not as bad as expected. that is why you are seeing facebook shares up. as well as all of the social media peers. emily: i want to stick with facebook results and bring in deborah. principal analyst at insider facebook shares are up 15 after hours. this on the back of the ad tracking technology and this trove of facebook inter

they sent a message to tesla, letting them know clean up this factory. >> larry, do you expect tesla will try and appeal this ruling? have you heard anything from them about that? >> i haven't heard, but i do expect that they are -- they're spinning this case, again, saying that since 2015 and 2016 when this happened, things got better, but we have a class action lawsuit against tesla, and in that lawsuit we've got over 100 african american employees at tesla who all got called the n-word. so things haven't gotten better. and this is all part of tesla's zero responsibility platform where they are blaming everybody else but themselves. they just need to clean up their factory and make sure that no one is using the n-word there. this is a workplace, and cannot be tolerated in the bay area or in america. >> and here's the thing, larry. you just alluded to it. first, it's 2021, and we're talking about more than 100 people being subjected to having the n-word hurled at them in the workplace, and this is san francisco. we're not talking about some red neck deep southern hick town. you know

it moved slightly on tuesday, which means tesla. now joins microsoft, amazon, an apple in a very exclusive club. tesla founder ilan math tweeted out, quote, wild time using characters to play on the one trillion dollar market cap. joining us to dig deeper into tesla's massive growth, our boom bus, co host, christy, and ben swat, christy, i want to start with you on that. obviously the hurt feel is huge. but just how huge is it for both tesla and hertz? i mean, it's a big deal and i feel like it's more of a big mess rather than anything affecting the bottom line, tesla because this order doesn't really change much for it. it's basically just increasing, it's already big backlog of ordered by a few months and a $100000.00 more vehicles has a won't be able to produce or deliver more cars any after because production is still very constrained. so the 1st news is possible because the signal, the change in the auto industry, not just because of the actual order itself, which is pretty standard. it will encourage more rental companies and

it moved slightly on tuesday, which means tesla. now joins microsoft, amazon, an apple in a very exclusive club. tesla founder ilan must tweeted out quite wild time, using characters to play on the one trillion dollar market cap. joining us to dig deeper into tesla's massive growth, our boom bus, co host, christiane, and ben swat, christie. i want to start with you on that. obviously, the heard deal is huge, but just how huge is it for both tesla and hertz? i mean, it's a big deal and i feel like it's more of a big mess rather than anything affecting the bottom line of tesla because the order doesn't really change much for tests. it's basically just increasing. it's already big backlog of ordered by few months and a $100000.00 more vehicles tensile won't be able to produce or deliver more cars after because production is still very constrained. so the 1st news is possible because the signal, the change in the auto industry, not just because of the actual order itself, which is pretty standard. it will encourage more rental companies

essentially the exact same features as tesla. so competition is starting to heat up big time for this and then very increasing crowded market. exxon also launched the new charter for their cars. the 5 minutes of charging the car battery will have a range of 200 kilometers, which is about a 124 miles is compared with has the supercharger, which will do 200 miles, but in 15 minutes. so i also have a very aggressive pricing model for the latest p 5, starting at 24696 in comparison to tesla model 3 at 42000. now me is also a very big competitor for catlin, china, and they're currently the leader in luxury. and while all 3 of them, they perform very similarly with their on features and their technology. and there are a couple key differences. neil is all in on their battery swapping technology. this allows owners to easily replace the battery swapping them once they go dead or or an upgrade, this has become the core of the business model. meanwhile, is considered by analysts to be the most tech centric and deploy what operated user in

essentially the exact same features as tesla. so competition is starting to heat up big time for this and then very increasing crowded market. exxon also launched the new charter for their cars with just 5 minutes of charging the cars battery will have a range of 200 kilometers, which is about a 124 miles. this compared with has a supercharger which will do 200 miles. but in 15 minutes, so i also have a very aggressive pricing model for the latest p 5, starting at 24696 in comparison to tesla's model, 3 at 42000. now meal is also a very big competitor for peddling china and they're currently the leader in luxury . and while all 3 of them they perform very similarly with their features and their technology. and there are a couple key differences. neil is all in on their battery swapping technology. this allows owners to easily replace the battery. swapping them once they go dead or or an upgrade, this has become the core of me. business model, meanwhile, is considered by analyst to be the most tech centric and deployed operated us

i wish she focused on more tesla stories. she tends to add on to her losing positions but i think the tesla story, we'll look back at 2021 and see where they separated this emself-s from the pack not doing what he's doing just making good cars >> this broader focus on esg just puts more focus on companies like tesla >>> turning to the ongoing oil and energy crunch. uranium stocks getting a launch. pippa stevens is here with us. >> the power crunch playing out in europe and asia is prompting discussions. some are betting nuclear power could play a larger role prices topped $50 mining those funds that track the race. the biggest winners this month are the microcap names and resources. some of these larger places are also seeing gains here >> those are big moves here. i wonder, retail traders are playing a more important role and i believe they play an interest in uranium. is this playing out? showing in the last few weeks, retail traders have been buying. after fukushima in 2011, it fell out ofdemand people betting a role. >> w

tesla reports from new york. has bucked the trend of other tesla has bucked the trend of other car—makers who have been reporting profits because of record consumer demand despite the global shortage of semiconductors mean they can charge of the vehicles that they are selling. but those have not been able to produce better overall sales numbers for cars of their supply constraints but tesla has been able to set a company record selling more cars in the last three months than it ever has before. and that is despite supply chain challenges and tip shortages. compared to other alternators it is actually been better able to handle the shortages especially with semiconductors. at that quartet it produced 238,000 vehicles and can deliver more than 240,000 vehicles. of course, the big question is how the company navigates the next three months. the supply chain disruptions are showing no signs of abating. steve fowler is editor in chief of auto express magazine. good morning. you've been looking at the tesla numbers so give us your take and how they are doing currently? the? give us your take an

lisa: is it fair to view tesla as a car company? david: it is fair because that is where the bulk of their business is. you are right to say that maybe there is something else going on. they have the solar business from when they took over solarcity a few years back. they have battery storage, which ties into those were tough -- those rooftop solar networks. they certainly have aspirations to expand into other businesses. for the most part, though, they are a car company. they are certainly not valued like a car company, though. that is where things get kind of complicated and figuring out whether tesla deserves this $1 trillion valuation. lisa: that's where i was going with this, this idea of what is in a valuation and when it is too high. there were a lot of naysayers for netflix for many years, and they just got upgraded to investment grade by s&p yesterday, and people are saying that this was absolutely expected and should have been done a while ago. tesla, a lot of people are saying the same thing. how many people are still pus

tesla had to settle a lawsuit earlier. what has been an issue with tesla for a long time -- investors have thought whenever there were down periods for tesla or whatever elon was in a bit of trouble there was not enough outside oversight. they did make changes to the board and they have more independent oversight. you still have the lawns brother -- you still have elon's brother on the board. there is this other issue with a lawsuit. they had to settle for diversity employment claims. that is another issue where -- you are seeing more actions against companies. shareholders are just worried about how companies are managed. alix: anything we will see that will be a catalyst for the stocks? david: there are a lot of things tesla is working on technologically. you never know with elon musk. he might throw something out. they are supposed to debut the latest driver assisted technology on friday. there will be chatter about that. they have new vehicles coming. they are on track to sell one million vehicles. they have had great

tesla is the leader in this market. i did not even mention autonomous technology, another area we think tesla is pulling ahead of peers here. we are signing a 50% probability to them successfully creating a fully autonomous car in the next five years. emily: thank you for breaking it down. coming up, pinterest soars after a bloomberg scoop that paypal explored buying the social platform. could a paypal super app be the future? shares of pinterest soaring. take a look at that. we talk about that story after this break. this is bloomberg. ♪ emily: shares of pinterest soaring after a scoop that paypal is exploring purchasing the platform. would this be a smart expansion into e-commerce for paypal? the deal comes at a complicated time for pinterest. it has been dealing with a number of accusations from former employees involving race and gender discrimination. liona baker broke this story. why is paypal interested in buying pinterest? is pinterest interested in selling? >> paypal has been pretty acquisitive. they have bee

tesla should be around $700 billion in ev revenue at that point. in other words, if you take gm's guidance and say they are going to achieve that guidance, their electric business will be 15% of the size of what tesla says. they are all estimates so proof is in the pudding. i would say as a company that has been around for a long time, general motors, understand their excitement around being an ev company, but the substance of the target falwell short the bottom line is they will be losing market share in the new ev world >> gene, for a long time we had to sit and watch to see if elon musk was going to tweet, do something that could have a detrimental impact on the stock. it seems like we are well past that and i would submit it looks like he has grown into the job as ceo is that a position you share if it is, i think this is a stock that may take off to the $900 level or so >> i am always reluctant to predict what elon is going to do i think he is more ceo like. i do question how long he wants to do this job i would think it may be two more years

i mean, everything is always about everything with tesla. so that being said, i think it's more about production. i think it's more about the austin plant coming online, an update about what's going on in germany, how fast these plants can ramp up, because we could be looking at 1.2, 1.3 million units for tesla in 2022, so and maybe we'll get a little bit more about cyber truck production when that's coming out so for me, i'm a little more interested in production than last year, which was actually, the annual meeting and the battery technology day. lauren: just, al, do i have this right? if we ramp up next year to 1.2, 1.3 million that essentially doubles last year's production, do i have that right with my tesla numbers? >> well so they are basically going from two plants to four now, it would take about a year to achieve full production, so this idea of how fast they ramp and how all of the numbers work out is a big deal for 2022, but you know, let's say at the end of 2022 you're essentially right , two plants to four plants exiting the y

order for 100,000 teslas -- 1000 teslas. a plan to electrify the rental car fleet -- 100,000 teslas, a plan to electrify the rental car fleet. how significant is this for a rental car company like hertz. >> no rental car company has done this before. it is significant for the industry and an enormous step four hertz. they were in bankruptcy and they exited at the end of june. we are at four months into its new history, let's call it. it has new ownership. sophisticated financial player, united capital management, a private equity firm that specializes in travel. this is a good illustration of what new ownership and creative outside the box thinking that isn't bound to tran -- tradition can do in an industry that

tesla the stock bulls believe three things, they believe tesla is an iphone and cars are flip phones. they believe tesla will have 20% market share around the globe forever. they believe ev's are going to be more profitable than traditional cars. and obviously they believe ev's are going to dominate personal transportation in the future. if you believe those three or four things, you could get to a trillion. >> thanks very much doesn't mean the stock is a great investment. those sure are cool cars thanks so much for coming on, albert. >> great point thanks for. >> up next round table with their investment ideas jackal their investment ideas jackal tells about the new trend of welcome to allstate. where you can pay a little less and enjoy the ride a little more. ♪ ♪ ♪ ♪ now, get new lower auto rates with allstate. because better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today. it's another day. you're in good hands with allstate. and anything could happen. it could be the day you welcome 1,200 guests and all their

he has a neutral rating on tesla and a $150 price target. craig, how important is the quarter to the stock maybe that's a stupid question >> the quarter's always important. it's really what they say on the conference call. it's the execution in the quarter. and what we learn about the longer-term positioning. quarter is always important. this was a fantastic quarter that's part of the reason that we've seen stock behave very well in the last couple weeks. >> so we know the delivery numbers already obviously. when we look at profit margins, it's always this discussion about how much of that comes from kind of nonauto factors, how much comes from auto factors. tell me what you're expecting there, and, again, how material that's going to be to the tesla narrative for maybe the couple of quarters to come. >> so, the bull thesis has relied on 30% gross margins for a while. and i wouldn't be surprised if we made some material progress towards that this quarter. 241,000 was a very, very nice deliveries number. and they're only producing two cars ad

tesla doesn't restrain its margins. and basically similar story for microsoft and alphabet as well they basically had far larger business scale when they got to trillion dollars even if the stocks could not be considered cheap on an outright valuation basis except for apple perhaps. >> mike, there's this piece on the wire right now look at yesterday's action on tesla. they point out the hertz order, passive fund buying. >> yeah. >> squeeze on short sellers but then the options, the bullish options bets and the way in which market makers had to buy to hedge is it a comment on how options are increasingly powerful dynamic on individual names? >> absolutely. been the case for about a year and a half and in the short term it's absolutety thing that creates this force behind the buy. now, it only can happen if you're going to have fundamental owners of the company that are not going to be active sellers into it in a very urgent way and we do know from tesla it has a never sell core shareholder base that is allowing that to h

that is worth $1.4 billion for tesla. there is no discount on those cars, even though there are so many. that propelledded tesla's market above $1 trillion. up there with the like of apple, amazon, microsoft and alphabet. it is the second fastest company to get to $1 trillion, behind facebook. it sounds crazy in a way. it is trading at 178 times estimated 2021 earnings. it means that musk himself is worth almost $288 billion. that is about $100 billion more than jeff bezos on the bloomberg rich list. musk could become the world's first tril nair. -- trillion nair. the way it is going at the moment, it sounds crazy to say somebody could be worth a trillion dollars. it may not be so unlikely or improbable that he can get there. >> already richer than the market value of nike. thank you so much. let's get over the the bloomberg first word news. >> the sun warning the world is still headed for catastrophic levels of global warming. the report says without stronger targets, the world will warm 2.7 degrees by the year 2100. pre

tesla, ibm reporting tesla missing its estimates and posting a $51 million bitcoin impairment in addition to talking about renewing the battery strategy. shares are down after hours. you have ibm missing its revenue, putting the blame on an i.t. management unit they are planning to spin off anyway november 3. lam research, a marginal miss. the issue was the forecast not really heading the -- hitting the estimates. emily: thanks for that round up. i want to stick with tesla. lots to digest here. i want to start with the new battery strategy and the switch to lithium-ion phosphate. what does that mean to you? >> my colleague has done a lot of great work on batteries. we think electric vehicle batteries are following a cost decline curve. that means they are getting cheaper, which will help tesla improve margins. what the lithium-ion phosphate batteries mean is they will be more inexpensive, could potentially offer faster charging. that is the big takeaway, the battery pack could be less expensive, which should help tesla with margins. emily: talk about the supply chain pain. this is somethi

just as bitcoin has no earnings, tesla has no earnings. so it's all about charts that is exactly the chart we were looking at in bitcoin bitcoin bounced seven times to the penny off the line why would it stop there? because of the line, the chart the issue is does it or does it not exceed its former high we know the high was back on january 25th a long time later it would take a 7% move to get there the second chart same chart, i am drawing a line. the arrow depicts it i think you can get to the high. but before you break out, can exceed a former high, you contend with it which is to back and fill why? there are shares there are people who have bought at the high and have nothing but an unhappy experience. the human experience to get back to even is sell and, wow, i'm even you encounter supply and a former high. two types. so there are those looking to be made whole looking to get out and those who had big gains. they say wow back at the 52 high that's more than not what often happens. i think that's what will happen with tesla you get to

>>you musk said tesla plans to expand in california and fremont. the company's ability to scale up is limited. juliette goodrich, kpix 5. >>> the mother of a 15-year-old girl killed in a road rage epsy didn't is breaking her silence. >> young is the 109th homicide victim in oakland this year, shot to death on wednesday night near 51st and bancroft. she was in a car with her ankle when he and another driver began arguing. some know in the other car started shooting. the north had this to say, yesterday. >> she was about making herself better. she was always pushing to strive for the best. she loved her family a lot. she loved her brothers. she was very protective of them. we don't need people on the street killing for no reason. we have to get them off of the street. it's not called snitching but protecting the city. >> oakland's police chief got emotional whole talking about the case. >>> everybody in the city should be hurt. we are in a moment of crisis. our children are in danger. >> reporter: it's only october, but oakland has son as many homici

tesla the stock bulls believe three things, they believe tesla is an iphone and cars are flip phones. they believe tesla will have 20% market share around the globe forever. they believe ev's are going to be more profitable than traditional cars. and obviously they believe ev's are going to dominate personal transportation in the future. if you believe those three or four things, you could get to a trillion. >> thanks very much doesn't mean the stock is a great investment. those sure are cool cars thanks so much for coming on, albert. >> great point thanks for. >> up next round table with their investment ideas jackal tells about the new trend of it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready fo

mistake, you have got to take your hats off to what happened at tesla. they have been able to manage this crisis more effectively than other automakers around the world. that's showing in the number of vehicles they have sold this year tesla, those are worldwide deliveries, up 9 % for gm, that's just in the united states. make no mistake, tesla has been able to grow while other automakers, not just general motors, but all automakers have been struggling because of the chip shortage. >> my understanding, tesla uses a chip architecture where they can substitute chips easily. other manufacturers are using older ones that are a smaller part of the supply chain i mention that because the other big news on the day is the on general motors front engine number one announcing a new stake in gm. they are throwing support behind their push to have 100% electric cars by 2035 if they were to go down this path it would seem they would end up having premier semiconduct technology in order to do so >> sure. make no mistake that general motors understands what it has to

mike are you a buyer on this tesla? >> well, look, it depends what your thoughts are on tesla, all right? if you're a trader i think you buy here and play the momentum but you gotta have an exit price mapped out because tesla, for years, has had no correlation to any reasonable valuation. in my mind it's the original meme stock and today there was a gamma squeeze combined with some fantastic news for them, and the stock just exploded. if you're a longer term investor i'd wait for bad news to come out which kind of happens with kind of the national transportation board, investigations of the company, elon musk propensity to over promise and under deliver so if you want to be a long term investor you wait to get in. i think if you're a trader you could make fast money. charles: it's so interesting with all of that and that's sort of been the back drop for the last half dozen years it's a $1 trillion stock and elon musk is by far now the richest person on the planet and you know, scott what it reminds me of is i was thinki

tesla the stock bulls believe three things, they believe tesla is an iphone and cars are flip phones. they believe tesla will have 20% market share around the globe forever. they believe ev's are going to be more profitable than traditional cars. and obviously they believe ev's are going to dominate personal transportation in the future. if you believe those three or four things, you could get to a trillion. >> thanks very much doesn't mean the stock is a great investment. those sure are cool cars thanks so much for coming on, albert. >> great point thanks for. >> up next round table with their investment ideas jackal their investment ideas jackal tells about the new trend of ♪ ♪ remember when no dream was too big? ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies rely on prudential's retirement and workplace benefits. who's your rock? i order my groceries online now. shingles doesn't care. i keep my social distance. shingles

it moved slightly on tuesday, which means tesla. now joins microsoft, amazon, an apple in a very exclusive club. tesla founder ilan must tweeted out quite wild time, using characters to play on the one trillion dollar market cap. joining us to dig deeper into tesla's massive growth, our boom bus, co host, christy, and ben swat. christy, i want to start with you on that. obviously the heard feel is huge, but just how huge is it for both tesla and hertz? i mean, it's a big deal and i feel like it's more of a big mess rather than anything affecting the bottom line of tesla because the order doesn't really change much for tests. it's basically just increasing. it's already big backlog of ordered by few months and a $100000.00 more vehicles tends a won't be able to produce or deliver more cars after because production is still very constrained. so the 1st news is possible because the signal, the change in the auto industry, not just because of the actual order itself, which is pretty standard. it will encourage more rental companies and

company is hit with a massive service disruption we're breaking down the fallout straight ahead >>> plus tesla holding in the green despite today's selloff. we'll bring you the big number that had investors driving into this stock >>> and karen ringing the register the one retail name she hit the sell button on today, what it is and why it's time to bag it. the s&p dropping more than a percent, dow down over 300 points, tech-heavy nasdaq down 2%, posting its lowest close since june apple, microsoft, google, losing a combined $36 billion in market cap today alone. is there more pain ahead you go in and start buying guy, what do you think >> certainly some of those names, mel more pain ahead i think for the broader market i've tried to be consistent on this i thought 4100 in the s&p, i'll stand by that, although the way it treated today leads me to believe we'll see a bit of a bounce tomorrow. yeah, if 4100 is more pain, then yes, more pain i do think for some of these names you're getting to interesting levels below the surface, a name like nvidia, down 14% from its recent all-time high, amd do

liz: michelle i know you want to talk about tesla, tesla has a head start when it comes to pes that's not necessarily a good thing price-to-earnings ratio at the most expensive, where do you stand on its positioning and whether gm is going to put his money where its mouth is and walk the walk talk the talk and take over tesla as the leader in >> gm is not alone and trying to take over tesla. tesla has 70% of the ev market, the ev market hybrid is growing even more so. everybody is going to be offered tesla. 70% market share is not sustainable in the u.s. everybody is going to be coming after a little bit of it ford and gm, all of the established makers in all of the new upstarts. the fisc are, luis, vivian, they will be coming after tesla as well. liz: it is gotten crowded, great discussion, thank you very much, for coming out "after the bell". we do have an increase in the losses for the dow jones industrial down 213 points, ted lasso trying to get back into the premier league and season to of the tv plus hit but the tech titan anywhere close to knocking the crown of the head, top me

tesla the stock bulls believe three things, they believe tesla is an iphone and cars are flip phones. they believe tesla will have 20% market share around the globe forever. they believe ev's are going to be more profitable than traditional cars. and obviously they believe ev's are going to dominate personal transportation in the future. if you believe those three or four things, you could get to a trillion. >> thanks very much doesn't mean the stock is a great investment. those sure are cool cars thanks so much for coming on, albert. >> great point thanks for. >> up next round table with their investment ideas jackal their investment ideas jackal tells about the new trend of ♪ ♪ remember when no dream was too big? ♪ ♪ and you could fearlessly face the unknown. (kids playing) you still can. ♪ ♪ (blowing dust) when you have a rock you can depend on for life, you'll be unstoppable. that's why over 5,500 companies rely on prudential's retirement and workplace benefits. who's your rock? what makes new salonpas arthritis gel so good for arthritis pain? and workplace benefits. s

was a contract employee at tesla in 2015 and 2016. he said he repeatedly reported racist and threatening behavior by coworkers at the factory, but claims management often turned a blind eye to the behavior. tesla disputes those claims, arguing that they fired two employees, and suspended a third. the vice president wrote in an open letter to employees in response to the verdict, while we strongly believe that the facts don't justify the verdict reached by the jury in san francisco, we do recognize that in 2015 and 2016 we were not perfect. we are still not perfect, but we have come a long way from 5 years ago. we continue to grow and improve and how we address employee concerns. a civil rights attorney says the jury's verdict is about accountability. >> the message is that racism in the workplace in the form of the n-word and swastikas and drawings is unacceptable. >> reporter: he says he hopes the verdict will force has tesla to reform workplace culture, so that others are spared the abuse he suffered. >> i knew that racism was going

tesla the stock bulls believe three things, they believe tesla is an iphone and cars are flip phones. they believe tesla will have 20% market share around the globe forever. they believe ev's are going to be more profitable than traditional cars. and obviously they believe ev's are going to dominate personal transportation in the future. if you believe those three or four things, you could get to a trillion. >> thanks very much doesn't mean the stock is a great investment. those sure are cool cars thanks so much for coming on, albert. >> great point thanks for. >> up next round table with their investment ideas jackal tells about the new trend of revenge travel [sfx: radio being tuned] welcome to allstate. ♪ [band plays] ♪ a place where everyone lives life well-protected. ♪♪ and even when things go a bit wrong, we've got your back. here, things work the way you wish they would. and better protection costs a whole lot less. you're in good hands with allstate. click or call for a lower auto rate today. at t-mobile for business, unconventional thinking means we you're in good han

in a statement, tesla vp wrote. while we strongly believe these facts don't justify the verdict reached by the francisco, we do recognize that in 2015 and 2000 and 16, we were not perfect. we're still not perfect. the statement went on to say the company has since added a team dedicated to investigating employee complaints and a diversity equity and inclusion team. as for diaz, he now works as a bus driver for transit. traumatized by his time at tesla. i'm azenith smith ktvu, fox two news. well. it has been plagued with problems, including a backlog of claims and fraud, but changes are coming to the states employment development department next series of bills aimed at reforming that troubled agency. and that cool down that has been going on the last couple days continues as we head towards the bay area weekend, even a chance of a sprinkle in there, i'll have in business, setbacks change everything. so get comcast business internet and add securityedge. it helps keep your network safe by scanning for threats every 1

tesla has denied knowledge of racist conduct at the plant. but this week a jury awarded diaz $6.9 million for emotional distress and $130 million in punitive damages tesla did not respond to nbc news' request for comment n. a note sent to employees after the ruling, tesla's head of human resources downplayed diaz' claims, citing among other things, employees who testified that racial slurs including the n-word were used in a quote friendly manner unusually by average-american colleagues and the company was responsive to diaz' complaints, firing two contractors and suspended another adding, quote, while we strongly believe that these facts don't justify the verdict reached by the jury in san francisco, we do recognize in 20s 15 and 2016, we were not perfect. we're still not perfect. but we have come a long way from five years ago when you see tesla's response, do you think they learned a lesson >> no it's another way of companies, if they don't get th their way. still to come the highlights as the red sox send the yanks packing in the wild car

. >>> we're talking tesla with an analyst bullish on the stock for what he calls the company's apple-esque brand. >>> we begin with the market reaction to the jobs report. interesting picture over here, mr. chu. >> scratching their heads, what a lot of traders are doing because they're trying to figure on what happened that's a very disappointing jobs number as kelly pointed out. why isn't the market reacting more markedly? maybe because it is a holding pattern with regard to whether or not it is a game changer for the fed, for interest rates, for washington policymakers, everybody out there. regardless, the markets are telltively stable given the number we saw. up only three points we will call it unchanged for the dow industrials. the s&p 500, similar move there. the nasdaq composite underperforming, down by about one-third of 1%. to give you an idea how tight it has been, at the highs of the session up roughly 45 points and down 62 points for the nasdaq overall at the low so tilting to the negative side but a tight trading range. it is a friday let's recap what happened from a sector pe

just as bitcoin has no earnings, tesla has no earnings. so it's all about charts that is exactly the chart we were looking at in bitcoin seven times to the penny off the line why would it stop there? because of the line, the chart the issue is does it or does it not exceed its former high we know the high was back on january 25th a long time later it would take a 7% move to get there the second chart same chart, i am drawing a line. i think you can get to the high. but before you break out, can exceed a former high, you contend with it which is to back and fill why? there are people who have bought at the high and have nothing but an unhappy experience. the human experience to get back to even is sell and, wow, i'm even so there are those looking to be made whole looking to get out and those who had big gains. that's more than not what often happens. i think that's what will happen with tesla you get to the high and it will stop >> mike, how do you trade it >> this is one of those situations where there are some technical strengths here i

what we're going to be focused on tonight is going to be on tesla. and when tesla reports its results, the focus will be on what the company does not only for the third quarter. look, they're expected to post a profitable third quarter the but is what do they tell us about where the company is headed not only in the fourth quarter but next year. three questions will be front and center with the analyst as well as investors out there. do we see record profit margins? remember, they beat the street by at least 10% when it came to q3 deliveries. what's the chip and supply chain outlook? they did better than other automakers and do they give us any clarity about the start of production in berlin and in texas, two new giga factories they tend to bring online this year take a look at tesla versus gm and volkswagen over the last three years. tesla, at least against general motors, it has been catching up relative to where they were earlier this year. the numbers come out in a little bit, and we will have them for you. $1.59 profit is what the street is look

cathie: the most important call that we made initially was tesla -- with tesla was tesla's battery technology is unlike any other auto manufacturer battery technology. tesla was riding down the cost curve of the consumer electronics industry. so, laptops, cell phones, huge volumes. when you get a scaling like that, costs come down, it is called a learning curve in the tech industry. elon, you had auto manufacturers and auto analysts laughing at him. elon is building his car on top of cell phone batteries, isn't that funny? they did not believe the engineering was possible. they just did not think it was possible, and he did. even today, these cylindrical batteries he has been using lower cost and will remain lower cost for at least three years we think, which means any other auto manufacturer which wants the same performance in the same range at the same price will have to lose money on every car sold. carol: so it keeps him in a really great position. cathie: that is one of only four barriers. that was the first call we had to make. carol: elon musk and tesla. there is a point you would get