remember that 2018 pay package forrie lon musk? they took a hit for that the conference call starts in about 25 minutes we will hop on there and see whichie l which e lon musk we get this time we will let you know >> i wanted to ask you because i was listening to the conversation on closing bell at this point it seems like it is a smaller percent of total automate i can revenue, does that kplietly go away? >> that argument will be there for a while, but i saw that the gross profit was up $1100 per vehicle. it's that kind of thing. if gross profit goes up, increasingly you hear less about the credits. >> keep us posted, phil. guy, lived up to expectations. stock is up. this is not something we might have expected given the huge run. >> i am surprised it is not up more 39% growth revenue, 9.2% operating margins. two years ago we were talking about how dire their cash position was and we were talking about it for good reason now they are in a position of strength good for tesla i will say for the 50th time i am not going to pretend i

musk, would you use it in your technology? elon musk said no.ems to have a lot of confidence in this camera based technology and seems aggressive to roll it out into the real world. emily: interesting. it will be part of the next chapter for sure. thank you so much for that update. coming up, a loss of $16 trillion. that is how much racial bias is costing the american economy according to 1 wall st economist. she joins us next to break it down. this is bloomberg. ♪ emily: as protests against racial injustice or rubbed it across the u.s. followed by 10 -- tech companies getting more public about their diversity efforts, an economist tries to explain the social problem. she quantified the cost of racism to the american economy and found in her research that closing the racial gap has generated and other $16 trillion in economic output since 2000. joining is now is dana peterson. thank you for joining us. $16 trillion. how do you get to that number? dana: we looked at all the economic gaps, racial gaps, wage gaps, education gaps. housing. certain a

humility from elon musk? he went on to talk about cost control, quality, making the cars more affordable and finishes by saying, quote, i've never felt more optimistic about the future of tesla than i do today. also i'd like to thank the investors who have stuck with us through thick and thin i think there is a lot of more good stuff to come, end quote. no hyperbole so what separates elon musk from every other ceo paid to sound optimistic about the future and make nice with investors two things first, those guys don't have his track record and second and more important, we've waited years to hear this kind of booring ceo talk from elon musk. sometimes you had to wonder if he just smoked a doobie. this time he sounded like he was channelling lincoln's second inaugural. listen, this guy has taken a situation that was easy to dump and some said sell in the stock, some even predicted bankruptcy and he's turned it into a $400 billion business at this point, tesla's stored the auto industry, it's a tech company. th

goodness knows, elon musk did it and so many others. blake is black. guessing the fact you're here almost exactly four years later, you built an airplane. >> we did. the xb 1. in 2016 we unveiled it in mockup form and today it's a real airplane. >> it hasn't flown yet, though, right? you will fly it later? >> we'll fly it next year. the rollout we had marks the hand off from building the aircraft to testing the aircraft. we have 36 ground tests planned, taxi tests and then next year we'll put the trhrottle forward >> this is not a full sized airliner. this is a smaller model? >> if you think back to concord's development, they built the ferry delta two. a one-third scale prototype for the technology and we're doing the same thing at boom. so xb 1 is about one-third the size. it's a test airplane but it's got all the same technology as over tour, carbon fiber, digitally augmented flight controls. so when we fly xb 1, we know everything is there to be a success. >> when you do fly this, will you be a passenger on this? i know there is the -- you go from

but year to date, up 413% and ceo elon musk, not looking to lose any of that energy. the three news-breaking announcements, the always colorful tesla chief made in the wake of those earnings just 24 hours ago. we are going to get them to you next. the closing bell ringing in 39 minutes. the dow up 159. we have green on the screen. don't go away. think we'll make it in time? ♪ you may not expect the unexpected, but you can certainly take it all. the lexus es. wow, this rain is bananas. now available with awd. lease the 2021 es 250 awd for $359 a month for 36 months. experience amazing. at your lexus dealer. liz: even on news that came about two and a half hours ago that spacex had to scrub the launch of its 15th starlink mission due to a rocket camera issue, elon musk still dancing away after a stellar earnings report. here's what happened. 24 hours ago, right after the show, remember, tesla clocked its fifth consecutive quarter of profits and sales and the stock is moving higher by another 2%. but believe it or not, the numbers were not the most exciting part of his p

here is a taste of elon musk.. ♪ >> in a few years, there will be batteries that will cost half as much and where capital expenditures are a third or less of what they are today. ♪ ♪ virtual adobest max creativity conference is underway, drawing hundreds of thousands of registrants. i caught up with adobe ceo shantanu narayan to talk about software debuts as wet as he inks is this week's biggest story between the department of justice and google. shantanu: this is going to be our largest ever, completely digital and virtual event. over 550,000obe, free registrations, 56 hours of recorded content we are going to be doing, whether it is product information, celebrities talking about creative, so we are really excited. it is truly a creativity conference for the world. outy: last year, you rolled photoshop for ipad. there were diehard photoshop folks out there that weren't too happy. what did you learn? shantanu: the transformation we made was complete file format capability and the ability for you to go from the dea

and musk replied, no i'm not.r that one. >>> doordash is partnering with a restaurant to build a new brick and mortar location. the san francisco chronicle reports berma bites a spinoff of oakland based berma superstar is designed only for delivery and takeout. doordash says it's been working on the project for about a year now. you know, this is a really old idea, dom. i remember there was a great vietnamese restaurant the first market where i worked and they were only pickup and takeout they didn't even deliver and that place was mobbed. >> it's kind of what's old is new again because for many years that was a model because it required less of a footprint you didn't have to have as much square footage, you needed a kitchen and a countertop it seemed like a lot of these restaurants are going towards that chinese takeout trend it went away because people wanted to eat out more now the virus brought the whole thing back full circle. >> exactly and gives you a much smaller don't have to worry about having staff. you

elon musk company posted 5th straight quarterly profit earning, $331 million, and says it is on pace to hit the goal of half a million car sales this year. musk says deliveries of the cyber truck are expected to start late next year. >>> six months after launching, quivys shutting down. the app attracted celebrities and big investors but failed to capture an audience. cofounders wrote it didn't succeed in part because of the coronavirus pandemic but also that the idea may not be strong enough for a stand alone streaming service. that's your cbs money watch report. head to cbsmoneywatch.com. at the cbs broadcast center, i am diane king hall. >>> a live look where downtown restaurants can serve customers outside until midnight. some business owners complained to city hall. the city says service on closed off streets or parklets will be allowed to stay open until midnight. >> many are tethering on brink of a financial reality where they might just call it quits here. anything the local government can do to help them survive this. >> when there is a hiccough in the system, we want to mak

there on track to 500,000 vehicles when elon musk said they were.ke a pipe dream now they are doing it. $8.7 billion that's a 40% up tick cyber truck in the wings over 600 thour orders and a $25,000 car that could be two, two and a half years out that is when you see tesla being the number one sold car in the country electric or not. you take' breath and say $430 a share and $405 billion market cap. i love tesla that means they are as high as volkswagen, daimler, bmw, honda all put together. as far as the credits, the fact is this, tesla is eating the competitor's lunch and making them pay for it. that's a pretty cool trick >> why do you say there are difficult times coming >> amazon and prices people don't talk about it much the multiple 1.2 x revenues. tesla is being valued at 12 x revenues if we were to come down to 6 x, it would still be overvalued something more than an auto company. bidding an energy company, a battery company, a software company? i happen to believe he is. i'm a big believer in the company but is it worth the $400 billion val

well i think you know musk. that's why it's scented well larry but it is good in some ways but the moment he just been experimented on with pigs as i understand so there's no human joy i was here not only is it or. but only the type of electrodes they're using the not rigid the electrodes that i have implanted in my nervous system were. like like a hairbrush. and potential there is that i can break off and of course firing them into the brain on a system would be quite dangerous a 100 spikes in my nervous system so i think if we're looking at very. you know you can move them around the top of electrodes the they don't musk is talking about then that's much better because they can move with all the nervous system but the issue i have is how do you implant them in a human because with the implant i have just how mary jane very quick very swift with the type of electrodes must refers to i can't say how not forcible so i have a big questions yet how it will work as far as humans are concerned doesn't post to just th

we'll get more when we hear from elon musk in about an hour on the conference call. we don't know which elon will show up. the one who kind of underestimates or the really bullish one. we do know that tesla says that they have the capacity installed to produce and deliver 500,000 vehicles this year. so that should be assuring to investors saying can tesla do it? basically the number needed in the final quarter of the year to do that would be around 180,000 vehicles delivered but, look, guys, as we saw yesterday and today, gm is now a big player with the electric hummer in this market. yes, more expensive than the tesla cyber truck but it is cool. it has got great features. you have the small competitors. you have got your big competitors and you have tesla which is, they have the advantage of being first here. connell: yep. they do. jonathan, quick final thought on that. to me the way i read if you say the number is 500,000 i have the capacity to do it, you say we're good with that. i think that is the way the market is reading it as well, right, jonathan? >> it is g

let's not bring elon musk into this.s the chancellor is bringing income of this idea that businesses especially in tier 2 of this alert system, need much more help given for we are right now with this virus. yes, businesses in tier 2are this virus. yes, businesses in tier 2 are stuck between a rock and a ha rd 2 are stuck between a rock and a hard place because a lot of attention has been on businesses in tier}, attention has been on businesses in tier 3, arguably not enough, they would say, but in tier 2, you have hospitality still open but the restrictions are such that people are not going out. you are not allowed to meet other households indoors, soap pubs, restaurants, cafes are suffering and they perhaps have not gotten the recognition as they should have been. there is a lot of anger, from people such as andy burnham, who presides over greater manchester, which is in tier 3, who said he was open mouth that so 3, who said he was open mouth that so much help is being given to tier 2as so much help is being given to

musk figured it out. the future looks like a lot of distributed solar panels that flow back into the grid. tesla's solar bid can make it happen the first solar makes the actual solar modules. this one feels like stealing candy from a baby. biden's win will make a fortune. what else? i see a lot of infrastructure places i keep on recommending cat and deer if there is a sweep, you can see a major infrastructure package i heard so many guy ps yapping about this it is unoriginal but before you buy these stocks, let's think this through we have been through this since 2009 and even with the infrastructure build, our government forgot how to build things t by the time that money gets to the state, it could take years for reconstruction it is 2020 we'll bring a couple of dozen guys or machines and sitting by the road, you get the picture. there are things we can do to get our infrastructure groove back maybe we just own that now let's talk about trump and biden. biden is free trader if biden wins, you can take t

elon musk has been talking about the benefit of vertical integration for tesla going from designing the the sales and distribution versus legacy supply issues of the carmakers might have. how much of that is really a big enough that, as you point to the economies of scale coming down in their favor? a benefit to it is design. it's a benefit to his car design and manufacturing process. the fact that he has so successfully done it, you know, he does operate -- they operate their own dealerships. and service. manageribution, they everything and they have managed everything well from the fact that they even placed all of their stores in very high traffic shopping malls so people can get exposure to the car just when they happen to be in the mall, whereas traditional car dealerships, you have to specifically go to the dealership to see the car if you are interested in it. it also raised the visibility of the car in the beginning and people's interest in the car, so i think as a company, they do everything right. they make a quality product and everyone who owns a tesla loves it. they started

to a $69000.42 you don't musk was saying that loose it was throwing the gauntlet and now the prophecy will be fulfilled the stock of tesla by the way down by a bit 3 percent and if you wonder about the numbers $60420.00 that's not a coincidence either a lot must last a toy around was those the numbers 69 actually stands for a 6 position and 400 to any internet slick for a week so that's obviously why i must came up with the price take for the model s. . and maybe makes me a bit square but i did not know the significance of the numbers they thank you. now a brief look at some of the other business stories making the news budget carrier ryanair says it's slashing a 3rd of its winter flights the airline blames european governments for mishandling travel during the pandemic brian as says the cutback will result in more unpaid leave and job sharing sharing the winter and that if travel bans remain in place more jobs will be lost. the silver screen is making a cautious return in india after months of shutdown despite the country's virus cases surging past 7000000 bollywood is partially reop

now has its own obsessed with in on musk's space x. corporation. scientists are warning that australia's great barrier reef is declensions from supporters of the monarchy pro-democracy protesters are calling for reform reforms of the constitution and the monarchy in thailand criticism of the kings traditionally seen as to boo and punishable by law despite this the protests have been gathering momentum over the past few months. scaling bangkok's democracy monument a symbolic move for protesters demonstrating against what they view as a dictatorial regime thailand is led by a form.

came out it was a price tag for the newest model just a little below $70000.00 and that cost a lot musk of tesla for the 2nd time this week to lower the price for the model s. to a $69000.42 musk was saying that loose it was throwing the gauntlet and now the prophecy will be fulfilled the stock of tesla by the way down by a bit says 3 percent and if you wonder about the numbers $60420.00 that's not a coincidence either a lot must last to tell you around was those the numbers 69 actually stands for a 6 position on 420 is internet slick for a week so that's obviously why i must came up was the price tag for the model s. . and maybe makes me a bit square but i did not know the significance of the numbers i thank you. now a brief look at some of the other business stories making the news but carry a ryanair says it's slashing a 3rd of its winter flights the airline blames european governments for mishandling travel during the pandemic brian asked says the cutback will result in more unpaid leave and job sharing sharing the winter and that if travel bans remain in place more jobs will be los

of elonthe playbook musk right now? he's been cutting the prices of model s and the like.he getting the number of cars out to the masses which he envisaged? >> i think he's been very clear that his goal is to be slightly profitable and focus on growth. there's been this incredible run this year. in china, they are building a plant. they've got a plant in austin texas. it is really playing growth. it is sort of about keeping margins high, showing profitability, ideally getting into the s&p 500. but then it is all about reinvesting into growth. he says he wants to make 20 million cars a year or 10 million cars a year and dominate the auto industry. the ambitions that he has for tesla as a brand are very high. nuts, think he's kind of but ultimately, this is what he is about. he's not going to rest until a fleet of cars switches from internal combustion engine to electric. we are hopefully going to hear more about the growth trajectory. when are they going to start making the model y in china, for example. caroline: quite fascinating. for all their naughtiness, when you are l

are you telling me that bmw, mercedes, they can't compete with elon musk?i am not saying this. look, electric vehicle small, theres so is definitely a lot of room for everybody to grow quite fast if you have the right technology. when you look at the competitive landscape and the threat for competition, it has been the bear case for a long time. look at what is coming out. right now in the u.s., it is all vehicles at the high-end. g.m. just unveiled a h ummer. it is $130,000. there it he thousand dollars version will be in 2024. no one has quite figure it out the ability to give a high-performance car a reasonable enough price where while making a decent enough margin on it. if tesla is successful with the cost byo cut 50% in a few years, the lead will stay there or potentially intensify. i do believe there will be other companies successful in you /v's -- in electric vehicles, it is just that tesla has a substantial lead. jonathan: thank you. great to catch up. i can confirm a little bit of scheduling for you. tomorrow morning at 9:00 eastern, the white ho

to release 60 star link satellites that will join hundreds already deployed, part of a plan by elon musk to create a wireless, high speed internet based service. there's a lot more news ahead on the cbs overnight news. >>> a record turn out in texas for early voters despite long lines and long lines and how a dummy with a bad cough shows flying could be safe again and a sea lion's life saved by cut canning edge surgery. i give to shriners hospitals for children because i want to be a part of something amazing. - i know my gift to shriners hospitals for children makes a difference in the lives of children. - our support gives kids a bright future. - i give because when i see a child smile, i smile. - when you support shriners hospitals for children, you're joining thousands of other caring people like you who have helped kids like me and over 1.4 million other kids do amazing things. - will you call the number on your screen right now and give $19 a month, just 63 cents a day? you'll be making a life-changing difference for a kid just like me. - your support helps us do amazing things we

that's the word from tesla's elon musk. up next what those upgrades could mean for the future of self-driving cars and who is going to receive the perks first. >>> the journal of american medicine tries to calculate the true cost of coronavirus. let's take you out to the futures this morning. they're lower as johnson and johnson says it will temporarily suspend one of its vaccine trials. plus -- >> no! no! go away! please go away. >> at least he's polite about it. he says please. the mountain lion stalks and scare as hiker during his walks. the tactics the hiker used to keep himself safe in a video you have to see this morning. you won't believe how long this went on. you're watching "today in the bay." woman 1: get your vote-by-mail ballot? woman 2: you can stay healthy and fill it out from the safety of home. surfer: or you can fill it out anywhere. man 1: it's easy to mail it back. you don't even need a stamp. man 2: or you can use an official drop box. woman 3: you can even drop it off at the polls. man 3: then, track i

elon musk was talking about potentially bringing that battery production in-house.r. elon musk made it clear they believe it would be a way for them to differentiate themselves, especially on the cost side. if can you bring down the cost, that's the bottom line here in the world of electric vehicles >> yeah, phil. i think it's almost poetic, we're tacking on fisker day one on the same day exxon is cutting cap y capex, cutting workforce the world is changing. it's a matter of which companies can adapt. phil, thanks as always in case you missed it, today marks the eighth anniversary of disney buying lucasalmost for a billion dollars. we also had a season two premier of "mandalorian. >> season two also known as the return of baby yoda. let's face it. that's a lot of what people care with it seems like it's been a lot more than eight years. oh my goodness, what disney has done with that property in that amount of time i think around $4 billion. they got it for a steal, i think it's fair to say at this point >> and they built on top of it it's one of those shiny, new pro

elon musk has just made a major production announcement about tesla via twitter moments ago.tion from another twitter user regarding its model y suv, elon musk tweeted out starting production on seven-seater next month. initial deliveries early december. for a seven-seater, we are going to assume model y. that's all the tweet says but the stock spike is speaking volumes. it is now jumping about 3.25% to $463.25. >>> from cars to car insurance. we all pay insurance in some form or another for your car, your home, your apartment, your famous dancing legs. yes. some major dancer have insured their legs. each month, we pay our premiums hoping that when we file a claim, hoping we don't have to, but when we file a claim, we get that money back. but since the pandemic, hundreds of thousands of businesses are finding that's not the way the insurance companies see it. ralph lauren is suing factory mutual insurance after the company balked at paying up for quote, all risk insurance that the company has been paying the policy for. yes, all risk. houston rockets taking affiliated fm insu

elon musk said it would be rolled out on some vehicles as of last night but slowly and cautiously.ek musk said only a small number of people who are expert and careful drivers would get the update. right now tesla uses autopilot that assists drivers if they have their hands on the wheel. this is good. we've seen those videos of people sleeping. we need to ease this out. you have to meet some criteria. never slept behind the wheel on autopilot. >> if you're trying to sleep, let the car shake you a little bit. shake the seat, wake you up. don't want to see people driving next to them in a tesla knocked out behind the wheel. >> not at all. >>> it's 6:20 right now. we have 36 days until thanksgiving and 65 days until christmas. apparently a lot of people are starting that holiday shopping early this year. >> there are some trouble signs this holiday season. >>> and what a new traffic and air pollution will be even worse after the pandemic. that's why we support measure rr to keep caltrain running. which is at risk of shutdown because of the crisis. to keep millions of cars off our road

. >>> elon musk's spacex odyssey soon to be a tv movie but buckle up, because this afternoon it's all about the electric vehicle genius's auto behemoth tesla. we are plugging into all things ahead of tesla's earnings after the bell. with the closing bell ringing in 49 minutes, "the claman countdown" will be right back. it's either the assurance of a 165-point certification process. or it isn't. it's either testing an array of advanced safety systems. or it isn't. it's either the peace of mind of a standard unlimited mileage warranty. or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned. or it isn't. the mercedes-benz certified pre-owned sales event. now through november 2nd. shop online and build your deal today. let's be honest. quitting smoking is hard. like, quitting every monday hard. quitting feels so big. so try making it smaller, and you'll be surprised at how easily starting small can lead to something big. start stopping with nicorette. liz: we've got these breaking news headlines right now. stimulus headlines are actually causing the volatil

that will be a big day for elon musk and investors thank you. see you soon >> thank you >> thanks for having us. >>> still to come, an exclusive with quibi's jeff katzenberg and meg whitman. "squawk alley" returns in two minutes. before we talk about tax-smart investing, what's new? -audrey's expecting... -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. >>> stocks have cut their losses in the last few minutes in yields are up as pelosi says i think we're just about there let's get to that story. >> pelosi is still speaking to reporters. she sounded optimistic about the prospect for a deal. she is still engaged in in negotiations with the treasury secretary and that they made progress this week >> so i'm pleased that we have reached a point where we at least -- they still have not completely signed off on it but i think we're just about there >> now she said that they are still working on the issues of schools, census, and the election one thing she had not mentioned just yet is st

worry about elon musk's decision to go along growth? -- to go long growth? leigh: profitability has surprised to the upside over the last couple quarters. while it is not anything really to write home about, i think it adds to the surprise that he has put up positive numbers. the broader theme around this is what it has been basically for the last couple years, which is that the evaluation that tesla trades at is completely insane relative to they cannot sell enough cars on this planet in order to live up to the evaluation they are trading at. at these margins or even higher margins. definitelyty is betting on this company becoming a services company in the future. part of that is they expect the battery technology is somewhat proprietary, and expands into many other industries. but i think that there is a big piece of this story that builds around driverless cars becoming a services company eventually with much higher margins. and if they get that right, there is the tam there for a reasonable valuation if they get it all right. i have, i own the car, obvio

profit profile that's improving materially for the stock to continue to work here. >> although elon musk a way to come up with something exciting to talk about in that sense what do you make of the fact that that excitement, a trending topic on twitter is the hummer that gm unveiled last night. happened to be watching the game saw at ad. there's a lot of people watching sort of saying, okay, like this is kind of interesting, and it's an electric vehicle. gm shares are up pretty nicely this week. they are starting to act growthy again. what do you make of the competition tesla will face here >> well, look, it's -- it's natural to expect that as the ev market grows you'll have more competition. it's important to remember that evs are about 2 million cars a year out of about 90 million that are sold, so they are a really small part of the market and tes had a has, you know, between 20% and 25% market share so certainly over time we expect, you know, and automakers have announced many new electric vehicle models going forward, and that's essential i think to growing the market tesla can't re

. >> this company is a strategic partner with spacex, right, elon musk this is essentially betting on musk and spacex to win that space race, as you're talking about. >> it is certainly partially a bet on spacex, although we do work with other launch providers. we'll work with whether it's relativity or ios, for now spacex is our key strategic partner. they get us from earth to space and our vehicle delivers satellites from the falcon 9. >> i get it. that's what the so-called last mile delivery service is all about and that's what the specialty is here. >> that's right. and it's really all predicated on a patented and proprietary water plasma water propulsion technology, which is the cheapest, most efficient propulsion technology for maneuvering around in space. so, i think of it as the uber pool of the satellite industry >> well put. i read that the company has contracts for $90 million in potential revenue. i should note potential. over the next several of years what kind of risk is involved in those kind of forecasts? >> a portion of that $90 million is physically contracted and th

of the year what's happening in china in terms of the demand, and what will be the tone from elon musk during the analyst conference call he has been somewhat muted and subdued over the last couple of theng them as opposed to a year and a half ago when he was making highlights during that conference call. this is the fifth straight quarter that tesla is likely to post a profit. guys, the numbers come out shortly after the bell we'll be focused on them and then on the conference call that comes up at 5:30 >> thanks, phil. josh brown, what are the odds you think we get this report at 4:20 eastern time? xxx. >> he has his lucky numbers. i have to tell you, if you ask me which stock could add 20% from its current price, 20% to its market cap and share price from right this moment, i actually wouldn't say tesla is more likely i would say general motors gm is doing everything they can could convince the street that they are about to go all in on electric vehicles. you can mock them. can you laugh. you can say oh, wow, 20 years too late, whatever all those things are true, but they're still g

david: elon musk has said he's going to have an autonomous car out there at some point. and he's also said anybody that is an insurance agent, why don't you call me up, because we are going to be in the automobile insurance business -- is that something you are worried about? tricia: not really. david: because? tricia: i think people love working here and we have a huge future. the technology is absolutely there. i can see a car going from point area, but there's a lot to be done. to go when you were able into your office, you were well known for walking into the cafeteria and sitting down with the average person. why did you do that? bread: when you break with people, they open up to you. -- things they want to change. ♪ david: let's talk about progressive's background. great name, very positive word. was that the original name of the company? tricia: it was the original name. the company was founded in 1937 by joe louis and jack green. they were attorneys in cleveland. they wanted to serve the nonstandard customers in cleveland that needed insurance, so they borrowed $

>>base model and it was a little cheaper than the tesla model s and elon musk almost immediately came out and said oh yeah we'll see about that. >>and this story has a lot going on too iran must cut the price of these basics adapt. the 69,420. doesn't take a rocket scientist to figure out is a child, 69 for the reference you can go go go let james you don't want to talk about right for 20 is a marijuana reference yes, so he's got a sense of humor but he did crack 70,000. it's kind like that's one point time we pick $2500 for it with a 2008 1508,000. we keep getting these barriers that are lower and it's a good day. euron musk wants to get the tv industry that $25,000 stand and it just takes time to get that that low, but this is a good story lower price tells a good story. anyone must set a box of chocolates. the avenues i would miss a mandate electric vehicles by 20 35 alright in southern california. no that's huge toll on barron is an says council gives up 400% from its like because of what gavin newsom did for tesla wow talking like 4 trillion dollars valuation. it which is insane,

said the factory was only disrupted for a few hours unfortunately for tesla this is not new, elon muskm the tesla nevada giga factory revealed batteries was targeted by a russian cyber attack also musk has sabotaged a few years ago and had to format former executive from impersonating him in an e-mail, he had experience, speaking of elon musk, he is part of the 100 billion-dollar bridge club this year but he will get another big payout later on when earnings come out, part of the 2018 incentive package and will get another $3 billion if tesla hit certain sales and prophet target which they likely will do, 3 billion not that he needs the money, close to $100 billion. stuart: if he gets the 3 billion and the stock goes up and might put them over the top. susan: think of the average employee that gets $58000 a ye year. bernie sanders, about the gavin newsom. stuart: why not, thank you sus susan, draftkings reportedly saying the price of their new shares, what is this price. ashley: the stock in draftkings reportedly pricing shares of $52 a share, that is about an 8% discount on tuesday's

now has its own access with iran musk's space x. corporation. a major anti government rally in thailand has been met with counter demonstrations from supporters of the moloch a pro-democracy protesters are calling for reform of the constitution and the marquis in thailand criticism of the king's traditionally seen as to boo and punishable by law despite this the protests have been gaining momentum over the past few months. scaling bangkok's democracy monument a symbolic move for protesters demonstrating against what they view as a dictatorial regime thailand is led by a former military coup leader who became prime minister in an election widely seen as skewed in the military's favor demonstrators are calling for new elections reforms of the monarchy and a more democratic constitution. we want the democracy monument to be a place of meaning again. for our fight and to show that democracy is what we all truly want. it's not a violent protest nor does it cause harm to anyone we've come here peacefully. earlier scuffles broke out between protesters

i hope that we consume take off from musk's. not have to keep her distance from one another all the time and that isn't that it really. from our vets not an option. for them and their greenie tells people they must wear masks and. don't make the same mistakes. i wonder when this thing will end. you know i am old and i will die soon. but i am deeply worried about everyone else. in the meantime she prays and hopes for the best for them as determination under duress has made her a wrong model to many qualities needed now more than ever. while most of europe is concerned with containing a 2nd wave off the coronavirus others are focusing their energy on expanding their power like viktor orban he is the strongman of hungary in his nationalist fans has put him at odds with many leaders and now carbon wants to bring cultural institutions in line with his conservative agenda new legislation has given the government increased power over theaters and universities honey sortie studies at the renowned university of theater and film arts in b

elon musk wants to expand his underground tunnel for self driving cars in nevada. the latest proposal would include the las vegas strip. he's already started construction on the tunnel loop that is around the city but is requesting approval to add the tourist hotspots. >>> after a very long waits and very lucky people are eating dinner tonight at san francisco's famous house of prime rib. the restaurant is welcoming back its first customers right now, it starting reservations this week and get this, within 36 hours, it already booked 3000 spots. diners who get in the door will have the temperature taken, tableside car week is out, but petitions are in and no more than 20 customers will be served each night. >>> who was ready for dinner? don't each for couple of days. >>> we are worried for fire weather conditions. still i do not think tonight will be quite as prime we set up before the gusty is twinned. but it is still something we have to watch very carefully. we had gusty wind last night into early this morning. 65 mile an hour wind gust, he got up to 57 miles an

i hope that we can soon take off our musk's. tough to keep her distance from one another all the time. that is embedded. from our vets not an option. for them and their greeny tells people they must wear masks. don't make the same mistakes. i wonder when this thing will end. you old and i will die soon. but i am deeply worried about everyone else. for example for you need. in the meantime she prays and hopes for the best for them as determination under durance has made her a wrong model to many qualities needed now more than ever. while most of europe is concerned with containing a 2nd wave the coronavirus others are focusing their energy on expanding their power like viktor orban he is the strong man of hungary in his nationalist sense has put him at odds with many leaders and now carbon wants to bring cultural institutions in line with his conservative agenda new legislation has given the government increased power over theaters and universities honey sortie studies at the renowned university of here and film arts and would ha

county of san francisco civil grand jury report here takes a hard look at what it will take to keep the musknly center as a top choice for business convention. yeah, one business leader tells our kron four's has it but you and why it may be tough to book the moscow knee. >>even after the pandemic. >>the san francisco mosque only center is one of the top convention centers in the country. but the findings in this recent civil grand jury report plans to trouble on the horizon. like this finding unwelcome street behaviors and and cleanliness that bother convention attendees and exhibitors have been important reasons for convention planners of some medium and large size events to select venues in other cities. the findings of this report are based on research completed prior to the pandemic which is significant says jay chain of the san francisco chamber of commerce when new polls that frances gibbs about the greatest challenges facing the city it's not pandemic number one it's homelessness street conditions. >>property crime and those are the same thing that we find in the civil grand jury repo

from hospital on monday on returning to the white house and still infectious he promptly removed his musk and in a video told people not to let the disease dominate them and in a tweet today he once again compared the pandemic to the seasonal flu twitter labeled the post as potentially misleading information. it was a determined donald trump wearing a mask who emerged onto the stick of the hospital. 4 days after he shocked the world by announcing he and 1st lady milan and tested positive for covert 19 from. after the short helicopter flight to washington crossed the white house lawn and strode up the stick case he made a point of removing his mosque offering a salute to the departing a crew and that was encourage meant for the other 7 and a half 1000000 americans who have been infected by the virus. let it dominate you don't be afraid of it you're going to beat it we have the best medical equipment we have the best medicines all developed recently and you going to beat it i went i didn't feel so good and 2 days ago i could have left 2 days ago 2 days ago felt great like better than i have

now has its own access with iran musk's space x. corporation. and activists from congo has been fined 2000 euros by a french court for trying to steal an african artifact from a museum in paris was zulu dia bands a live stream his attempt to remove a 19th century relic he accuses france and other european countries of plundering the places they colonized and says they should return the objects they took. many would call this theft by this activists he's only getting back what was taken away from his people i came to reclaim goods that were stolen from africa during colonization of this video of us live streamed on facebook back in june or west. and for other activists were trying to steal a funerary post from carol lima see him in paris he failed but managed to draw attention to a topic that has recently triggered a heated debate should african art looted during colonialism be returned and if so how and when the congolese baron activists action is needed now. if you never ask a thief for permission to get back what is still from you and that's w

. >>> another success for elon musk spacex. >> the california based company put 60 satellites into orbitg. a falcon rocket launched just after 9:30. the launch was originally planned for thursday morning, but it was scrubbed at the last minute. this mission increases the size of the star link satellite ray to about 900. star link system is designed to provide low cost internet access in traditionally underserved yeas around the world. >> grammy winner adel playing a different role on "saturday night live" tonight, not performing, she's hosting. you can watch "snl" right here on nbc bay area 8:30 and 11:30. see you at 11:00. es. they give you instant access to apps and info, but they can also open your phone to hackers. we'll help you separate good from bad. plus, learning from home is a challenge for many families. we'll guide you to free homework help, no-cost tutoring that's just a click away. and ya might hesitate to call in a handyman during the pandemic. we'll introduce you to a new way to get real-time help by smartphone. we'll also talk about how much it costs and what happens if

have extra help behind the wheel on their way to work today because according to a tweet from elon muskast night the company rolled out its new enhanced self-driving program in beta form. the new mode is called full self-driving and it promises to deliver just that. the car is equipped with the new programming for now. only a few select, quote, careful, drivers have received it. >>> 4:44. showdown brewing on capitol hill. next on "today in the bay" when the senate is set to make a final vote on president trump's supreme court nominee. >>> plus, who the ntsb is now placing blame on for the deadly dive boat fire in southern california that claimed the lives of several from the bay area. we'll be right back. darrell's family uses gain flings now so their laundry smells more amazing than ever. isn't that the dog's towel? hey, me towel su towel. more gain scent plus oxi boost and febreze in every gain fling. honey honey? new nyquil severe honey is maximum strength cold and flu medicine with soothing honey-licious taste. nyquil honey. the nighttime, sniffling, sneezing, coughing, aching, stuf

now has its own access with elon musk's spacexx corporation.cientists are warning that australia's great barrieier reef is disappepearing at an alalarmg rarate. a new study has confirmed that at least half of the corals in sight have died over the past 25 years. climate change has irreversibly dedestroyed the underwater ecosystem. israel and lebanon have begun talks on settling a long-running dispute over their maritime borders. the two sides held a brief meeting on wednesday, described by lebanon's chief negotiator as the first step on a 1000 mile journey. the sides are still technically at war, but it is hoped negotiations will clear the way for gas exploration. reporter: the mediterranean sea off the coast between israel and lebanon. these e e contested watats. both countrieses have long beeen locked in dispute over where the maritime border lies. behind the scenes, negotiations have gone on for several years. now, israel and lebanon have agreed on a framework to hold indirect talks backed by y the u.s. to settle the issue. >> the united sta

d elon musk and production costs. >> way, way beating earnings per share.on came from the selling of these regulatory credits by alternateors, that is a big chunk. down from the previous quarter. deceive? se numbers >> the credits, this is an issue that is going to be not in the u.s. and china. ar companies that have lots of these and have ack excess credit. for me, i look at the factory sector more broadly and this is a tesla. esla is reaffirming the 00,000 sales' goal for this year, which has been a very ambitious goal and has been has been fer has been questioned. and that is a key. factories are enailing this revolution we are seeing not just from tesla but they are putting down the gauntlet and trying to keep up and veaks wagon to roll this out and much more batteries which is great for tesla numbers which seem to be good. d it's going to be a great battery stop as well. >> you talk about it. you think it is doable that they ncrease production by 0% and produce 381,000 cars in terms of output. what are the factory makers that benefit from this? > the k

david: elon musk has said he's going to have an autonomous car out there at some point.n the not-too-distant future. and he's also said anybody that is an insurance agent, why don't you call me up, because we are going to be hiring insurance agents. we are going to be in the insurance business. is that something you are worried about? tricia: not really. david: because? tricia: i think people love our culture and working here, and i think we have a huge future. the technology is absolutely there. i can see a car going from point --o be in a geo fenced area geo-fenced area, but there's a lot to be done. i think it will be longer than most people predicted david: -- most people predicted. david: when you were able to go into your office, you were well known for walking into the cafeteria and sitting down with the average person. why did you do that? why didn't you eat in your office with other executives. tricia: when you break bread with people, they open up to you. about things they want to change. ♪ david: let's talk about progressive's background. progressive, and grea

don't speak french the government now wants to train them itself they also want to better control musk that that are known to be radicalized one recently was at least a preliminary a shut down because the government believes that a radical islam is preaching there so the government is really are ramping up and saying we're going to crack down on this and this obviously as though it's a lot of fear amongst muslims here and maybe also reaction such as sadly such an attack. these are we coming back to you during the show as this story clearly is developing fast for the moment thank you very much. we're going to germany where chancellor angela merkel has defended the latest round of coronavirus restrictions as the country prepares to go back into lockdown addressing the bundestag merkel's that it was currently impossible to trace the origin of all the new infections hampering efforts to contain the virus but she faced frequent interruptions during her speech and the opposition have called the measures excessive and inappropriate . empty restaurants and bars no museums no theaters these ima