tesla and tesla alone can sell you the electric car, solar panels for the roof, power wall for your home. >> hold on. as caroline pointed out earlier, a lot of this is the master plan video two. we take some of this with a grain of salt because we might not see it materialize for another decade. >> i will not tell you eli will keep the promise but even when he finally gets there -- they have already offered solutions around the country. this is 1.5 megawatts. it is all rolling out now. the big picture today -- it is more of an auto company. it is moving pretty fast for an auto company as is. >> also, difficult. how will the movement be hindered by access to lithium and cobalt? >> for five years ago, we all heard it. there were lithium is all over california and the western half of the u.s.. it was those rare earth minerals like cobalt megan hughes. the market is responding. elon and the tesla team responded. >> they are wearing out what is best for them. the stock is up more than 60% year-to-date. the audience relatively split. to your mind, based on how much you hurt, how high is the ba

and what do you think about tesla? - couple of years. and what do you think about tesla? for . couple of years. and what do i you think about tesla? for the tesla owners i know it is almost like a cult. are you a part of it?— almost like a cult. are you a art of it? ~ ., , ., part of it? what is good about a tesla part of it? what is good about a tesia is _ part of it? what is good about a tesla is that _ part of it? what is good about a tesla is that they _ part of it? what is good about a tesla is that they have - part of it? what is good about a tesla is that they have a - a tesla is that they have a substantial network of charges which are dedicated to tesla's all around, which are dedicated to tesla's allaround, notjust which are dedicated to tesla's all around, notjust the us but the uk and other countries around the world and that means they are easy to charge. most particularly they are an established company. and for that reason they have more experience than any of the other entrants.— experience than any of the other entrants. but the world's bi est other e

this is a pending problem for tesla. to speak as pierre did, and not talk about the facts is why there will be negative surprises this year. >> it is good to know whatever happened yesterday will not change your minds. we have a limited amount of time left i want to give each of you a final word perhaps, pierre, we will start with you you know, gordon makes interesting points with the valuations is there anything you can respond with with regard to how much tesla is worth compared to what it is producing or is it all about the promise and future which are, vagaries by nature, because it is a business and not a hard forecast. >> thanks, dom you know, val sauation is abouth future it is only on what is happening in the future. here you are facing a choice you can listen to the story that gordon just painted which is the company knows how to make a car and how to sell a car and how to manage transition of the world or you can listen to the company goal which is 20,000 units and energy storage capacity that they want to roll

does that play a role in tesla's stock? >> yeah, like we cover space and i think it's very important in terms of the overall musk echosystem because if you look now at spacex, of course tesla and now twitter, it's all part of really what musk has built and you definitely have cross- polination there and i think it just shows. you're talking about someone that many view as a modern day albert pujols einstein, that went through twitter, that was obviously a black cloud that started to dissipate. stuart: last time you were on the show with us you had a price target for tesla. i think it was 3 hyundai think. was it? >> so that's full case tesla, 225 is base case, and you look so far this year, i think that many were yelling fire in a crowded theatre yet the stocks had a huge move, because in my opinion, along with apple, and along with microsoft, these are some of the most transformational companies in the world going forward. stuart: good, okay, dan, you're with me for the hour. we'll get into the other stocks later on. thank

ah, ah, tesla ticks off investors. the electric car maker says it will cut production costs in half, but a promised affordable model is still nowhere to be seen. also on the show, constant attacks from russia have weakened ukraine's energy system. now keith is calling for a new strategy to help protect its grid. we'll hear how the u. s. plans to help us ally keep the lights on. also, on our show, india's growing footwear market means more waste on the back end. but one business has found a more sustainable approach. welcome back to another dw business. i'm christy plats . and coming to you from berlin. electric car maker, tesla ames to cut vehicle assembly cost by half in future generations of cars. c o v e loan mosque has said, but at the company's investor de musk disappointed when he failed to unveil a compact affordable model. the highly anticipated vehicle is part of teslas strategy to capture at the mass market. increasing sales volume is key to bringing down prices for consumers. musk said he added that many peo

for tesla is to show to — production. for tesla is to show to investors - production. for tesla is to show to investors that - production. for tesla is to | show to investors that they production. for tesla is to - show to investors that they can build out of china, you can have factories in your neighbourhood. the practice of bringing manufacturing closer to home as resulted in an economic boom for mexico. the trade wars between the united states and china has seen a lot of american companies moving manufacturing here. but also the covid—i9 pandemic really accentuated the importance of more resilient supply chains. stay with us on bbc news, still to come: we'll have a look at the big cyber—threats facing the planet. first, the plates slid gently off the restaurant tables. then suddenly, the tables, the chairs and people crashed sideways and downwards. it was just a matter of seconds as the ferry lurched onto her side. the hydrogen bomb. on a remote pacific atoll, the americans had successfully tested a weapon whose explosive force dwarfed that of the bomb dropped

but jonas has long said that tesla is the rabbit. everyone else is trying to catch it >> i think that's fair the question is, has the market kind of given them the credit for being it already >> although, i mean, you know, they did come into the meeting sort of saying, we're not going to share a lot of long-term foa goals or information, and they did lay out how they're going to get costs down, and they did indicate how they have the, you know, the infrastructure to do it that could be seen as a positive it's clearly not being taken as one today. >> yeah. no, exactly. and you know, the other point that some of the sell side is making is it was very much other executives taking a front row role and describing things and putting management depth on display to some degree as well >> which is important. >> yes >> i mean, i have heard a couple of people remark on the fact that in -- at tesla now, maybe musk is more of an ellison role than a, you know, and obviously, he's not the ceo of oracle any longer, is ellison but -- than a ceo role

more than 40 tesla crashes, and 20 fatalities. you can add that tragic crash in whether tesla's automated features may have played a role in that crash. that tesla plowing into a fire truck that was parked on a freeway, blocking lanes after another collision. it killed the tesla driver, and it critically injured a passenger inside the vehicle. four firefighters were also in the truck, but fortunately, only had minor injuries. jake, what we don't know right now is if that self-driving feature was turned on at the time. if it was, documents show it would be at least the 17th time that a tesla with that autopilot feature engaged has hit an emergency vehicle while it's parked in the road. just last month, tesla was required to issue a recall of 363,000 vehicles because of that software, because of the full self-driving software that investigators felt was not sufficiently obeying traffic safety laws, like for example, running stop signs. as you said, jake, this technology has been under the microscope for a while, but it does seem to

and as many as 120,000 tesla model y suvs. dan kerman kron. 4 news. >> oakland police are investigating a case of an attempted robbery that ended with a person dead. police say they responded to buena vista avenue in oakland's upper rockridge neighborhood around noon today and found the victim further investigation revealed according to police that that person was one of 2 people were allegedly stealing property from a car. police say the victim of who had the car tried to stop the suspects and the 2 suspects tried to drive away in the process. their vehicle crashed into a pole ending with one of them dead. investigators still searching for the second suspect. oakland police say they believe both suspects are connected to a number of crimes in oakland. kron four's. dan thorn is covering this story we'll have more coming up on kron. 4 news at 9 tonight. coming up at 6 parents and students. outrage is speaking out after the announcement of the school closure by sunnyvale. city leaders are calling for audits of the school system.

and that's basically why the stock of tesla last about the 6 percent in value. having that set the stock and has been up about 90 percent so far this year after the stock on the other side. got pretty much sherman, hampered last year when my oldest had trouble with said twitter selling a test, let's talk and also some other issues. so yes, there was a disappointment on wall street, but that meant that that the talk was quite a bit so far this year. so you could sell say a buy on the rumor, sell on the facts. so that's what happened here in the thursday session with the stock off test up. all right, so not such a bad response. now tests also said they want to be producing $20000000.00 vehicles a year by 2030. that is 10 times their current production capacity. i mean with demand down right now, how realistic is that goal? it definitely is quite a goal. and to put those 20000000 cars into perspective from last year, toyota was the number one car company on the planet selling about 10000000 we killed so. so test love wants to achieve double that figure. one thing i

>> tesla gives you a discount tomorrow, take it. >> courtney? >> freeport-mcmoran with continued f-v demand, a good play. >> karen >> i didn't think lowe's was that bad down a lot wait two more days and buy some. >> dan >> lilly is getting close and happy birthday to my dad. >> happy birthday. >> nice, nathan. thanks for watching "fast money. see you back here >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you a little money my job is not just to entertain but educate and teach you about stocks so-call me at 800-743-cnbc or tweet m me @jimcramer.

w ah, tesla tics off investors. the electric car maker says it will cut production costs in half, but a promised affordable model is still nowhere to be seen. all c u. s. plans to help us al. i keep the lights on. also on our show, india is growing. footwear market means more way on the backend, but one business has found a more sustainable approach. welcome back to another d w business. i'm christy plats and coming to you from berlin. electric car maker, tesla ames to cut the vehicle assembly costs by half in future generations of cars . c o. u on mosque has said, but at the company's investor day must disappointed when he failed to unveil a compact affordable model. the highly anticipated vehicle is part of total strategy to capture the mass market. increasing sales volume is key to bringing down prices for consumers. musk said he added that many people would like to own a tesla, but they can't afford one. well to get a market response to this news. let's bring a young quarter on wall street. yeah, and exactly how

tesla stock fell after elon musk failed to wow on investor day. what went wrong and where the company is headed now. vampire squid or cold fish? goldman sachs investor day crowd came away with more questions than answers. on "barron's roundtable," ben levisohn, carleton english and jack hough. the dow snapped her four week losing streak. did people get tired of selling or is there news i didn't notice? jack hough: as jack likes to tell us, the stock market goes up 80% of the time. it goes up 80% of the time. this is one of those times the market had been falling. it hit the 200 day moving average and started down despite the fact we had the fed governor tell us we need rates to go higher and yields following, we had the two your hit 5%, the tenure over 4% for the first time since november. everything kept going up. tech stocks kept winning, the only sector that was positive in february and utilities fell 0.8%, the worst performer, they fall because dividends don't look as good when yields are rising. jack otter: the inverted yield curve is an old

and that's basically why the stock of tesla last about the 6 percent in value. having that set the stock and has been up about 90 percent so far this year after the stock on the other side. got pretty much sherman, hampered last year when my oldest had trouble with said twitter selling a test, let's talk and also some other issues. so yes, there was a disappointment on wall street, but that meant that that the talk was set up quite a bit so far this year. so you could sell a, a buy on the rumor, sell on the facts. so that's what happened here in the thursday session. with the stock off test up. all right, so not such a bad response. now tests also said they want to be producing $20000000.00 vehicles a year by 2030. that is 10 times their current production capacity. i mean with demand down right now, how realistic is that goal? it is definitely is quite a goal. and to put those 20000000 cars into perspective from last year, toyota was the number one car company on the planet selling about 10000000 we killed so. so test love wants to achieve double that figure. o

tesla changes prices but is this a demand question or tesla trying to cut costs? ed: we every given go to our audience and ask what you make of this story. the question is do these price cuts push you to buy a very say these are too expensive. what has tesla said so far about demand? they tend to use price cuts as a lever. donna: muska said last week that demand for tesla's cars is incident and that the limiting factor is price, so -- but the vast majority of tesla sales are the y. he has said that the us and the acts are like legacy models that people are fond of but they are still quite expensive. the fact that they are cutting at this point in the quarter it means they are trying to stop demand. they must have inventory. ed: you have a terrific piece out on this deep bench of talent at tesla. i thought this was so important and worth taking a look at. last week an investor day, elon musk is up on stage. behind him are 16 or so executives. i do not think we have time to go through all 16, but there is a top three of picked out. who are they? donna: this is the f

we have key events, tesla, snowflake too, another high-flying names in a software space. >> for tesla in particular, this should be a pretty good test of whether the old trick of focus, everybody, on the magical future, we're going to solve all the problems, here are the models to come, because this is now a company that's supposed to have $100 billion in revenue this year. it's no longer all about what's to come. we know the order situation in china and it's not a great story. can you divert attention there's a massive gulf between a boring old dumb legacy, low-margin car company at single-digit multiples and tesla back to a 50 p/e on forward estimates. >> snowflake, we didn't give it much press today, but demand, enterprise demand, it is a key report for a stock that really was in the stratosphere not that long ago >> not at all. it's like a third of the market cap of salesforce, about a tenth of the revenue expected say in a year or two. so clearly everyone assumes it's got the better mouse trap. it's a much less towering valuation than it was. >> yes, and it was at $272 in the las

not helped by a selloff in tesla, of course. nasdaq down about 170 -- about 1% before the market opens. and tesla doing a number on nasdaq as well, get to that in a second. the dow up is the morning, just, 71 points. but that's mainly because of one stock, and that's salesforce. let me show you those two stocks. first off, tesla are. it's down at this point 7.7%. elon musk's investor day yesterday considered long on vision, short on specifics. down it goes. salesforce came in with a strong performance. maybe that will make the activist investors who piled into the company back off. salesforce up 16% today, and it is a cow stock. dow stock. on the show later, where to for america's troubled cities in the aftermath of lori lightfoot's loss in chicago's mayoral election? she was incompetent and lost big. will that be the case in other democrat-run, identity-obsessed cities elsewhere? we live in hope, don't we? a politicized department of justice faces the wrath of senator ted the cruz. why didn't the attorney general take action ag

for all evs, not just teslas. the ceo of blink charging here on his new rival in the ev pit stop business and how he probably thinks he's well ahead already. closing bell ringing in 49 minutes. dow jones industrials gaining 290 points now. let's see how high this one goes. stay tuned, we are coming right back. "the claman countdown" is back in a minute. ♪ ♪ sting approach can help you build the future you imagine. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60%

the limiting factor is their ability to pay for a tesla, not do they want a tesla it's easy for people in this room to lose sight of that >> so what's the next vehicle that people will want from tesla? elon musk believes it's a cybertruck it goes into production later this year. we'll see a few deliveries maybe before the end of the year but more likely early next year and ramp up production bottom line is this, melissa, everybody that you read these analyst notes everybody says the same thing, great grand vision we agree with everything they plan to do but there are no benchmarks here. there was nothing where they said we plan to hit x number of vehicles by 2025, 2027, 2030 or this is what the costs will do they gave a big broad hitting 20 million annual deliveries but they didn't put a date on it you know, so these are the kind of things that i think that the public, the investors, the retail investors, i think that's what they were hoping for. >> also hoping for a cheaper car and we only got sort of a, you know, a tease for, you know, when we're ready to do that we'll probably have

the tesla driver died. a passenger was critically injured the national highway traffic safety administration, or nitsa , says it's looking into the cause of the crash. the chp is conducting a parallel investigation and the exact driving mode of the car has yet to be request for comment. the highways have become probably the most dangerous place where we work. it's more dangerous than interior firefighting. for us, it's not perfect. it's good, but it's not perfect. analyst larry maggot owns a tesla model three he says. there have been other crashes of tesla's in the police and fire vehicles. there is this odd bug, which for whatever reason, doesn't seem to do well when emergency vehicles blocking the highway. i don't know why that is. fire officials say that takeaway is clear. the buck always stops with the driver doesn't matter the type of vehicle ultimately it's a driver's responsibility to look out for emergency vehicles. the fire truck that was hit is a total loss. it will cost $2.3 million.03 years to g

though when you look at something like tesla, as you look at shares of tesla, which will report its deliveries for the first quarter over the weekend, tesla gets the most valuable part of the battery cell, that comes from a supplier in japan so tesla is likely to have at least $3750 still alied to its vehicles all of the automakers are figuring it out. by april 18th, we will know what vehicles will still qualify for either $3750 or $7500. >> of course, that's tax day here in america, april 18th this year, the significance there phil, stay with us let's bring in an analyst. george, as phil mentioned, tesla is dominating ev sales in the u.s. that stock is the best performing stock in the consumer discretionary sector you have a buy on the stock. do you see these new rules as the treasury lays them out as a catalyst for tesla and maybe the ev producers writ large, the sector as a whole from here? >> look, i firmly believe that tesla has done the treasury's job for it remember earlier this year, they cut prices materially across the board that spurred demand. they had seen a weakening at the end o

of tesla this is really tesla going full boat in terms of mass production, really growing the deliveries will there be a lower priced model that he refers to? i don't think he's going to show us a lower priced model but he may say look, this is our plan over the next couple of years. and then finally the focus as i mentioned, it's going to be on lower costs and higher deliveries their market share is a little, basically 2/3 of all evs in the u.s. are tesla right now now, that's going to come down simply because more evs are going to be rolling out over the next couple of years but tesla does want to increase its deliveries here in the united states and as part of that it's going to be focusing on increasing sales, particularly on the lower end of the market and to that end we heard yesterday from the president of mexico that there is a plant that will be announced that tesla will build in monterrey, mexico how big is the plant, other details? we didn't get any of that yesterday from the president of mexico he says elon will be talking about that today >> tesla is known at these kind of e

. >>> coming up, an alarming development for tesla owners. looking at reports of the steering wheel falling off one of its models while driving. ♪ helping you discover untapped possibilities and relentlessssly working with you to make them real. ♪ because grit and vision working in lockstep ♪ puts you on the path to your full potential. ♪ -that's it? -yeah. progressive's homequote explorer makes it easy to compare home insurance options. man...i told my wife i'd be in here for hours. what do we do now? weive... ♪ save time and money with progressive's homequote explorer. what you do afterwards, is up to you. oh, whoa, i was actually just thinking i would take a nap. pretty tired. okay. hi, susan. honey. yeah. i respect that. but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin. the only brand with real honeyand elderberry. hi, i'm jill and i've lost 56 pounds on golo. hi, i'm barry and i've lost 42 pounds. jill and

dan _ musk and tesla. great to have your analysis. dan ives, - musk and tesla. great to have your analysis. dan ives, thank| your analysis. dan ives, thank your analysis. dan ives, thank you forjoining us from new york stop the crack cocaine of algorithms. that's how one campaigner has described the addict of quality of tiktok, the chinese owned video sharing app the chinese owned video sharing app which has 1 the chinese owned video sharing app which has1 billion users worldwide, many in their teens. 0n worldwide, many in their teens. on wednesday, tiktok announced plans to limit use by under 18 to 60 minutes per day. it says the measure will be rolled out in the coming weeks but users will have the ability to opt out. it comes as a powerful us congressional committee voted to give the president powers to ban the app on the grounds it represents a security risk. 0ur tiktok correspondent reports. the social media platform taking the world by storm. known for its clever algorithms which get to know what you like very quickly. in fact, it's been downloaded more th

is that why morgan stanley think she want for every over tesla -- you want a ferreri over a tesla. ed: there is this idea that tesla has to broaden to higher volume models. we have talked about the average price of a new vehicle in america $47,000 or so. the furry call -- ferreri call from morgan stanley, they point the visibility to strong earnings and the ability to use racing power because there is demand at the higher end of the market. you talked about elasticity. tesla is not in that strong a position and having to use price cuts to unload -- unlock new pockets. kailey: we are talking about tesla as a car company. i thought we also were supposed to evaluate tesla as a battery company. ed: a lot of that was how we got the overall output for the company in terms of kilowatt hours and energy storage and for them, that is why you focus much on supply chain because you feed both businesses and they are very bullish that the energy side of the business will see more demand. kailey: ed ludlow in san francisco, thank you very much. coming up, another blow for credit suisse in its bat

the limiting tfactor is the ability to pay for the tesla not do they want a tesla it is easy for people in the room to lose sight of that >> he went on to talk about the fact when they cut prices and had to do that within the last month or two, they noticed a surge in demand which is what people talked about. they have the pricing power and he believes they have the ultimate lever which is greater demand as you look at shares of tesla. they confirmed that production of the lithium plant building down on the gulf near houston is going to begin in about 12 months they will have refined lithium coming out of the plant. they expect in about 12 months this is part of the vertical integ integration. putting everything all in one supply chain they can control. >> phil, can i ask a question? the disappointment is not making more specific things like the $25,000 car by this date every time he makes proclamations like that, people complain is this him being more cautious? >> i think it is a bit of that, becky. when people complained in the past, it is because he said outrageous things. he said ro

right near walnut creek. >> a tesla driver was killed. the passenger critically injured when that car slammed into a parked contra costa county fire truck kron four's dan kerman tells us the auto pilot feature is believed to have played a role in this crash. >> the national highway traffic safety administration or nyssa has launched an investigation in the last month's fatal crash where a tesla slammed into a parked fire truck along northbound 6.80. it's part of a larger inquiry into how tesla's autopilot system detects and responds to parked emergency vehicles. unfortunately not uncommon type of crash with these vehicles. so i house insights. transportation analyst sam abuelsamid says at least 15 teslas have crashed into emergency vehicles nationwide. well, using the autopilot system, he says it speaks to the larger question of what an auto pilot system can and cannot do. no matter what manufacturer it is. >> there are driver assist systems on the market today that you can buy. the consumer can buy that are actually capable of true self

tesla, tesla had similar problems without spending nowhere near as much cash. $12 billion is a lot of cash. guy: do the math on this. whether they potentially have to go back and raise money? ed: by year-end. one note basically sees cash burn at $6 billion this year. the next factory in georgia doesn't come online until 2026. that gives them $6 billion to get a new factory off the ground over a two-year basis. forecast for $4.3 billion adjusted this year. those are really big numbers, and the belt-tightening which has included layoffs is working. but my goodness, are they spending for growth. guy: down by nearly 70%. looking forward to the show later. coming up, washington's scrutiny of the crypto industry. we are going to talk to coinbase ceo brian armstrong. that conversation is one that you absolutely do not want to miss. it is coming up next. this is bloomberg. >> this is "bloomberg markets" and you are looking at a live shot of the principal room. alix: we welcome now our bloomberg tv viewers and radio viewers. joining me now is brian armstrong, coinbase ceo. thank you for joinin

>> really, tesla has the benefit of being founded back about 17 years ago. so they've been through that stage of what elon musk has famously called production hell. a lot of people forget that tesla didn't become consistently profitable until just a few years ago. and so what you're seeing now with some of the names you mentioned and some of the other new entrants into the industry is they're going through that production hell phase right now. and they're really struggling with their production ramp-up, the cash burn rates are very high and you're seeing liquidity issues start to pop up so i think that's what you've seen, certainly with rivian's earnings release last night, you see how much the stock is down today. also with lucid last week, you know, same thing >> yeah. lucid can't seem to sell the cars nobody wants them. garrett, i wanted to ask you a little bit more about factories and meeting the 20 million vehicles by 2030 target. elon musk has said they would need about a dozen more factories. we know that the mexico -- we don't know, but it's expected

i would say elon has been consistent, everybody wants a tesla but not everybody can afford a tesla i agree 100%. >> that's what they said about peloton. >> this is not peloton peloton, anybody can replicate peloton. goy to the gym every day, and i'm -- >> obviously i'm just making that point we've seen this in corporate america. >> okay. but here's my point on snx snx is less than 5% of the volume it's at the high end when you got that cap, remember with the ira cap, it went from a $55,000 cap to $80,000 cap back in early february. the biden administration clarified it model y suddenly became $7500 cheaper than model s and x that's where it's going to draw from i think they're trying to adjust their pricing. it's less than 5% of their volume for this year, to get it right so that snx can grow going forward. the second point is on europe, a lot of people make a big deal of this, i just find it crazy, europe, they're putting a 6% discount on their inventory volume a first quarter adjustment europe is 20% of tesla volume. i can't look at that as a price cut as much as a quarter end disc

a tesla driver was killed. the passenger critically injured when the vehicle slammed into a parked contra costa county fire truck that had responded to an earlier accident along northbound 6.80, 4 firefighters also suffered minor injuries. and as kron four's, dan kerman tells us tonight, the auto pilot feature is believed to have played a role in the crash. the national highway traffic safety administration or nyssa has launched an investigation. >> in the last month's fatal crash where a tesla slammed into a parked fire truck along northbound 6.80. it's part of a larger inquiry into how tesla's autopilot system detects and responds to parked emergency vehicles. unfortunately not uncommon type of crash with these vehicles. so i house insights. transportation analyst sam abuelsamid says at least 15 teslas have crashed into emergency vehicles nationwide. well, using the autopilot system, he says it speaks to the larger question of what an autopilot system can and cannot do no matter what manufactured is. there ar

tesla makes a lot of claims. someone said last night, you cannot always take those claims literally because it takes them a long time. so it could or could not happen. if i am a supplier, some suppliers got hurt today, i would not get too worked up about it because a lot of time these claims of tesla do not materialize. to me, we think wolf is still a cheap stock and we think it will be fine over time. caroline: do you get frustrated with master plans and the fact that perhaps they are not executed and we are already talking about the next one? >> elon is brilliant but unpredictable and as an investor you don't like that. we get frustrated with it. when he bought twitter we were frustrated because in my experience it is hard to run to companies and he runs three or four. twitter is a whole different animal. spacex and others that he built from scratch. twitter is a total rebuild so that is frustrating. it is frustrating that he often does a 180. that is what makes him skilled and successful. one thing is when he

still ahead, tesla stock price drop. there's more ahead on bloomberg. ♪ today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. ♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family or passing down the family business or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? lisa: shares of macy's are higher today with reported better than expected third-quarter earnings. best buy is predicting that sales will fall for a second straight year. they came out with the forecast that says shoppers have to think twice before buying tv's and computers. salesforce urges with an upbeat forecast. emily tan spoke to the c

but i bring it back to apple and tesla. if this stock, if this company, excuse me, thises is, gets banned here in the u.s. there's going to be far-reaching implications if our much larger u.s. multinationals. >> for more on tiktok, let's bring in brent still of jeffrey's. great to have you with us. is there a back of the envelope calculation that one can do or maybe you have done, as to how much meta would actually gain if there were no more tiktok or how much snap would gain if there were no more tiktok? >> well, there's no doubt that both those are the beneficiaries, because everyone's been running away towards tiktok, so those are the two big platforms, and i think reels from meta has really come back, despite if they go away o+ i don't think that happens, to be honest. i think there's going to be a way they can find out -- a way to find -- you know, a balance between what they want and what the government wants, and ultimately, i don't think it gets fully banned, because as you said, half the country is using it, there'

. >>> tesla is planning a revamp of one of its most popular models. >>> plus what just happened in china for the first time in more than a decade sending stocks surging. and later on in the show, more than 90% off its show why they say its future is all but certain. it's wednesday, march 1st, 2023. you're watching "worldwide exchange" right here on cnbc >>> good morning and welcome to "worldwide exchange. i'm frank holland. we start the day kicking off a look at the u.s. stock futures right now in the green across the board as you can see up just about a third of a percent to half a percent across the board for all of these indices it was a very rough month for wall street that saw the dow and more close down for a second month. not so for the transports. they eeked out a half percent exchange also checking the bond market, the conversion kolktss on the yields as they continue their sharper move higher. looking at the yields, the 2-year note at 2.83. the 2-year gained 60 basis points 10-year note at 3.95 right now. >>> the sector coming off its worst month since september. this is oil. i

he says tesla will thrive beyond the automotive space. finally we could be let in on how the master plan includes his other companies. it would include sections about spacex, tesla and the boring company. musk is known for sharing his big goals. for example he predicted tesla will have robo-taxis everywhere by 2024. not all of them come to tuition, but charles, a lot of them do. we can expect hype, vision, and probably a very little bad news today. charles: he is one hell of a story himself. thanks a lot. face it, elon musk back one way, again the richest person in the world even as he pushes the envelope, right? in an effort to piss everybody off every single day, one group he tries to please his shareholders. look like they love him again. i will bring in constellation research founder ray wang. ray, what do you think, potential to live up to the hype? always so amazing things around elon musk. how are you looking at today's event? >> if you were looking for a whole bunch of conversation around the gen 3 platform. that is really what ke

david: you mentioned tesla. and the track record of tesla. by all accounts, they have an operating margin of 17%. if you get to 8%, there is a gap between that and 17. >> we think we can do better than a percent on a --8% on a pickup truck. the reality is tesla has not had much competition. the price will come down. year-over-year tesla price has come down $7,000, they will not. keep that pricing forever. now they have competition from ford. we are counting on a very competitive pricing environment. we have been in this business for 120 years. when a new market these happens the pricing comes down. even with that pricing we expect to make that 8% + margin. jon: ford ceo jim, speaking with bloomberg's david westin. coming up president biden preparing to address the canadian parliament after a meeting with justin trudeau. we will find out what the two leaders aim to accomplish. this is bloomberg. ♪ go. go scientist. go software. go cure. go production. go faster and safer. emerson automation software helps breakthrough medicines get to market

we are learning that the tesla was on autopilot at the time of the crash. the tesla model f was driving on 680 when it crashed into a fire truck which was walking off a lane of traffic due to an earlier incident. the driver was killed and a passenger was critically hurt. four firefighters sustained minor injuries. the national highway traffic safety administration is dispatching a team to investigate this crash and they're looking into how tesla's autopilot beecher does with emergency vehicles on the road. >>> now to possibly is of the tesla y. regulators are opening investigation into the model y suv. it follows two complaints that steering wheels can come off while being driven the national highway traffic safety administration says the probe covers an estimated 100 20,000 vehicles from the 2023 model year. the agency says in both cases the car were delivered to customers with a missing bolt that holds the stealing will to the steering column. the wattle y is tesla's top- selling vehicle. >>> creeping higher and higher. the latest number on rent in the ba

we'll talk about tesla. another recall from tesla this time due to concerns over a loose bolt companies recalling more than 3,000 cars. the national highway traffic administration says that bolt. they are in the second row seating area and they can actually cause the seat belts to fail in a crash. the affected vehicles include the 2022 to 2023 model y cars, customers. you can go to tesla. they're going to examine and they're going to tighten that bull for free. so if you have those models, please make sure you take you back to tesla. still ahead on the kron 4 morning news, how one foundation is working to keep the memory of tyre nichols alive. we'll talk more about thawelcome back to the kron. 4 morning news for you now 04:38am. here on a monday morning. all right. we've got to talk about the forecast on a lot of excitement going on throughout the week. good morning. yeah, a lot of weather going home this for sure. we are looking at some scattered showers and some heavy rain towards the end of the week. and

tesla is facing a federal probe. the national highway traffic safety administration investigated the ev maker after receiving reports the steering wheel of 2,023 model-y suvs detached while driving. let's go to kelly o'grady with the investigation and try to picture this in my head and it is not a good moment when you think of your steering wheel falling off while you are driving. >> reporter: i was thinking about this too. imagine you are out for a drive and it pops off. that is what happened to two customers and they filed complaints that this happened when they were driving a model-emac suv. the federal agency announced an investigation into that matter sharing, quote, the vehicles were delivered to the owners missing the retaining bolt which attaches the steering wheel to the steering column. a probe has been opened to assess the manufacturing processes associated with this condition. the stock is down 4% on that safety filing so i dug into those complaints. one file link to a twitter posting where the owner show

the tesla driver died. a passenger was critically injured the national highway traffic safety administration, or nitsa , says it's looking into the cause of the crash. the chp is conducting a parallel investigation and the exact driving mode of the car has yet to be officially determined. tesla did not respond to my request for comment. the highways have become probably the most dangerous place where we work, it's more dangerous than interior firefighting. for us, it's not perfect. it's good, but it's not perfect. analyst larry maggot owns a tesla model three he says. there have been other crashes of tesla's in the police and fire vehicles. there is this odd bug, which for whatever reason, doesn't seem to do well when emergency vehicles blocking the highway. i don't know why that is. fire officials say that takeaway is clear. the buck always stops with the driver doesn't matter the type of vehicle ultimately it's a driver's responsibility to look out for emergency vehicles. the fire truck that was hit as a

. >> it is tesla's investor day. this is elon musk lays out his long-term vision the stock, by the way, up almost 70% year to date >>> we'll also round up another busy morning of retail reports, lowe's, dollar tree, kohl's, ross lot more >> let's begin with the markets as we kick off this new month of trading, jim certainly, the yield picture is not offering any new relief with the flip of the calendar >> no, no. it's not just talking about how frustrating this market's become, but look, rates tick up. everything you wanted to do, everything you were thinking about, everything that's reported is now muted, so yesterday, great example, brian cornell did an amazing job on target i thought that was a fantastic quarter. the inventory's clean. it looks like they've got a very good track for 2023 and stock's at 4 and finishes up at 1. we are so gripped in macro david said something yesterday that i thought was brilliant relax. which is that there's absolutely no humans playing. it's all machines. >> the algorithms. yeah it

the tesla driver died. a passenger was critically injured the national highway traffic safety administration, or nitsa , says it's looking into the cause of the crash. the chp is conducting a parallel investigation and the exact driving mode of the car has yet to be officially determined. tesla did not respond to my request for comment. the highways have become probably the most dangerous place where we work, it's more dangerous than interior firefighting. for us, it's not perfect. it's good three he says. there have been other crashes of tesla's in the police and fire vehicles. there is this odd bug. which for whatever reason, doesn't seem to do well when emergency vehicles blocking the highway. i don't know why that is. fire officials say that takeaway is clear. the buck always stops with the driver doesn't matter the type of vehicle ultimately it's a driver's responsibility to look out for emergency vehicles. the fire truck that was hit is a total loss will cost $2.3 million.03 years to get a replaced. i

why are you buying tesla, keith? >> oh, my goodness. why would i not be buying tesla, stuart? we've got triple the margins of toyota, double the margins of most other legacy manufactures, tesla is creating new, everybody else is borrowing parts, production, ideas and staff from existing high cost stuff they can't make margins on and in fact, tesla, itself, is lead by a manas steve jobs was back in the day so the fact everybody is betting against him is just an immitation to go after him right now. stuart: but they have increasing competition which they didn't have what a year ago or two years ago? but they have competition now, effective competition. >> well they do, but again, you know, tesla's margins are very high. they are going to sell every car they make for the foreseeable future. other manufactures simply can't say that and on top of that elon musk is continuing to define the game. everybody else is playing catch- up so competition or not i'd rather be with a winning horse than a catch dab up. stuart: it's at 194 now, where do you think it's going? >> i think we'll see

the market treating tesla as any other automaker. they look at the rolling one-year correlation between ford and tesla you're getting closer to valuing like a traditional oem. >> but tesla is a large stock and moves more because it's a bigger part of the market. if you take a look, to say investors are disappointed with the stock down 6% after being up - >> double -- >> -- 60% since the beginning of the year, it's actually reacted much better than i thought because it's usually a sell the news event. >> it went in hot to that meeting. another note catching our attention is disney and whether or not they want less hulu and more hulk. citi thinks so they predict disney may sell its stake in hulu, perhaps to comcast, and in return try to secure the distribution rights for hulk back from the parent of universal. the firm says disney could use the hulu proceeds to detire debt, sale some shares if comcast, for example, were to acquire hulu, they say it would be a net positive for their dtc streaming efforts as long as it can pay below the

two elon musk, much anticipated master plan for tesla. he failed to offer on the company's next generation of electric cars. we are joined by katrina. she has the coverage of transport in asia. where they so disappointed? they just didn't get a new car to salivate over. katrina: the musk fans would probably say as much. there was a lot of buildup in the lead up to this event. the first master plan wasn't built in 2006. the second one was in 2016. it has been seven years. this was the master plan three. must was going to outline the path toward a fully renewable future. very big promises there. he started the event by outlining his vision for the global switch to electric vehicles, a 10 trillion dollars spend to develop sustainable energy worldwide. he was telling investors that earth would move to this sustainable energy economy and it will happen in your lifetime. in its own drive for efficiency, tesla talked about its plans to reduce the foot of its manufacturing plants by about 40%. we heard about this new plant they are going to build

. >> a follow-up on that deadly tesla crash. the model s tesla was on autopilot when it crashed into a contra costa county fire truck. this happened last month. the tesla was driving on 680 when he crashed into the truck which was blocking off failing due to an earlier incident. you see that when the fire truck comes there to try to divert traffic. the tesla driver was killed and the passenger was critically injured. for firefighters had minor injuries. the national highway safety ministration is looking into how tesla's autopilot feature responds to emergency vehicles on the road. >>> the threat, today the details. and with some outlining what he meant when he said california was done doing business with walgreens. on monday the governor tweeted walgreens was cowering to extremists and putting women's lives at risk. this was after walgreens said it would stop selling the so- called abortion bill in 21 republican-led states. even some states where abortion is still legal. the governor called for the review of all contracts betwe