if you fill that gap, buy some tesla. if you have tesla now, sell it >> all right cbw, it closed down 6.5% call it 10.15. it is in the extended trade now. if it really is a 9-10 target, what exactly is the trade on tesla. >> it depends how much capital someone wants to allocate. speaking of tesla, when we talk about stocks we'll have a valuation conversation that follows carter's technical view. i would point out that he had two very good bullish call on tesla back when it was sub 800 we followed along with that. we were not making the valuation case it is a remarkable company doing regardable things. if you start seeing the stocks exhibit some weakness, and we certainly have, there's reason to believe that could be an affliction that would affect tesla as well. anybody following today's moves in stocks was probably also following what they were seeing in the vix and it closed above 30 despite the s&p was only down fractionally that exhibits how much anxiety is being exhibited in the options market right now and that is m

we know that tesla gapped up on that news day that hertz was going to buy cars or tesla was going tol cars to hertz. it ended up going up some 30, 40% from that point. but we're in the process of giving that back you can see the wedge is drawn look at the second of three charts so often after breaking out the well defined top at a common level, you will check back to it if you simply take the highs from which the stock gapped up on the hertz news, that gets us back to the 9, 10 level. that's about a 10% from here the final chart of three is all the lines together so we're down 19% from the peak. that would make sense for such a high flyer it's got some beta the question is, do we fill that gap from that euphoric knee-jerk reaction on october 25th on the hertz news my hunch is yes. if you fill that gap, buy some tesla. if you have tesla now, sell it >> all right cbc, it closed the day down 6.5% call it 10-14. it is in the extended trade now. if it really is a 9-10 target, what exactly is the trade on tesla? >> it depends a little bit on how much capital somebody wants to allocate to a

that's why tesla's putting more out. i think so many could be winners in the group and true, you're not going to have the same profitability by car that tesla has, but that's why volkswagen's going to overtake tesla as the number one ev seller as they already are in europe. >> well, part of the peaking we saw in evs could be build back better and the promise of it let's bring in phil lebeau on what this major setback means for the ev space phil >> melissa, it means no juice in the near term. remember, part of the plan was for expanded ev incentives and that would have meant an additional 12,500 for union-built evs. ford and gm. ultimately stlantis. we talk with people in the industry, we may not see the juice that we were originally expecting, say six or nine months ago we may not see that over the next couple of years longer term, the impact is going to be limited because the commitments are already being made take a look at tesla this is a perfect example. their sales are growing at a great clip now and on on of that,

but tesla is really in a class of its own. you have traditional automakers who tend to trade at single-digit multiples, mid to high single digits. you look at ford or general motors, then you have a company like tesla trading north of 100 times years earning estimates. emily: garrett nelson and ed ludlow, thank you. the sec is also interested in a company involved with former president trump. digital world acquisition merging with trump's new media company revealed the sec may request for information into trade as well as the board of directors and investor. trump is trying to launch his own social media app after being kicked off both twitter and facebook after the deadly attack on the u.s. capitol on generally six. coming up, with the increasing threat of omicron, new york city is about to them -- about to initiate mandatory investigations -- mandatory vaccinations. how does it plan to do that? that's next. this is bloomberg. ♪ >> a lot of folks in the private sector have said to me they believe in vaccinations, but they are

competition for tesla. let's start with bob pisani as the dow aims for a sixth session winning streak bob? >> courtney, it's rigpe for the market to paws look at the s&p 500. we have had an extraordinary five-day run from the bottom, we are up 5% in six or serve days. that's lot to move we sort of pulled forward the santa claus rally. we may have even pulled forward some of the gains in the early part of january. we dent know but it is good for the market to paws here. we are been overbought we are slowly working off the overbought conditions. there is nothing wrong going on here we have just moved a lot in a short period of time a couple things to watch one is the big movers tends to be the defensive names those are dominating the new high lists proctor and gamble, united health, mcdonald's, these are classic defensive names, where you go when you are not sure what you should be trading on an active level but i see reasons to be optimistic because i see industrials that are cyclical stocks that precede the

overvalued. >> >> tesla, stack down to 150.l back down every single asset blew up listen, tesla, gene and others said previously they leave it to technology we know that gm and waymo have taxes on the road right now. you can see technology driving into the delay of other cars you'd have to be blinder than stevie wonder not to see that's the last from that perspective that's in our view a legal risk. so listen i know that stock prices, tesla's chinese factories. we need to see the financials. i believe the costs are loaded i believe making it significant for the company they are between 35 and 45,000 this quarter, to justify where the valuation is, they need to grow 3500,000 per quarter. which means they need to ramp every single quarter i'd like regina's plan, reality will set in with all this free money in the market. >> i don't know, now, 2018 it wasn't at 300 unless you are using three split numbers. it looks it was way below that let's say five years from now, tesla is a viable company still doing well, let's say it's near

>> yes, we are a tesla shareholder., you actually took my favorite number, and this is the only thing that really stuck out to me is they recalled nearly 25% of their deliverables since 2014 i would echo everything that you guys have said these are minor defects and should not curb the sentiment from consumers particularly purchasing the model 3 and the model s. i agree with the market's reaction being somewhat muted. >> back up at a thousand, almost $1,000, back over a trillion-dollar market cap david, what would you say is tesla's potential next year after the kind of year it's had? >> yeah, you know, given our expectations for interest rates next year, we're really kind of staying away from some of the high-flyer, highly valued stocks and tesla's definitely in that camp right there so we're probably pairing back some of our ownership here after its run of 50 plus percent in the last year. >> but would that have been a losing strategy for the last, you know, 15 years >> no, it wouldn't have. >> why is next year defini

tesla crashed into a building in kansas. auto pilot has also been linked to a series of crashes, a number of them deadly. this august crash into the vehicle of a florida state trooper is part of the federal investigation driving the tesla told the trooper that the car was on a driver assist, you know, some people call it assist, many agree the warning about gaming is warranted. >> these are all things that can deter the driver from their number one responsibility. and that is driving and driving safely behind the wheel. >> well, that was nancy loo reporting for us so far no response to tesla on the new federal investigation. the company disbanded its media relations department last year. all right. we havw to get another check of weather because it's raining across multiple parts of the bay area. i left the house a little bit earlier this morning, john, of been doing that all week long where we sit now at how long it's going to coming down outside. glad you've been getting here and that's early rain because that's what a lot

larger names like tesla, adobe and nvidia ending lower by 10% or more. tech software etf has fallen into correction territory. 64% of 119 components now trading below their 200-day moving averages. cloud names also seeing some selling. the cloud computing etf now on pace for fourth negative day in five led to the downside by z scaler, sprout social, all down almost 8% or greater. it is continue to be a rough environment for these stocks guys, i do want to point out softbank a company that i covered closely and it often does get hit hard amid these times of growth volatility because of the outsized bets shares in tokyo down more than 8% last night, down over 20% over the last week amid a slew of bad news for portfolio companies we have been tracking the last few weeks they will delist from the nysc we had alibaba's announced reorganization last night the growing unlikeliness of that nvidia arm deal. we've been here before, jon, but it is a reminder it's not just cathy wood and arc that made outsized bets on tech growth and that get hit hard in these kinds

do you feel the drop in tesla shares from the record high are enough to get into tesla at this point? >> we've been holding tesla for a while, i did add to some positions. it's a long play, a volatile stock, a stock contentious on both sides for people with opinions on it we like it not just for the deliveries that continue to hit the delivery numbers but it's more than a manufacturer of electric vehicles, there's a bigger play here, even with elon musk, the ceo, selling a bunch of shares we leave it long-term. the market cap you can't argue with the valuation being so high but we've been holding for a while. we like to add when there are dips so we have been adding to that position, dom. >> thank you very much have a nice holiday weekend. >> thank you, dom. you too. >>> when we come back on the show, investment in clean companies hitting a record high even as the publicly traded stocks in the industry have not performed that well. what this could mean for your investments especially in clean energy that's next. >>> but headed to break check out the pre-market's biggest winners and lo

tesla a big part of that story right there.thcare also so not quite as cyclical as yesterday, but across the board actually we have gains in all the sectors, sara. >> let's check in, mike, on some individual market movers right now. upgrading darden restaurants advantages in marketing and supply chain management, that stock up 1.4%. recently had good earnings but announced the retirement of its ceo which has weighed on the stock. loop upgrading williams-sonoma to buy from hold the firm says the pandemic likely to remain a tailwind well into next year that stock up 2.5% it's been a big winner for the last 12 months or so jim cramer talking about it in his investing club newsletter today. to sign up, you can head over to cnbc.com have, investingclub or just point your phone right there at the qr code on the screen it's been a jim favorite, mike, for a long time, and has done very, very well, pandemic and pre-pandemic >> even after this pretty sharp pull-back recently from the highs, it's more than doubled. obviously considered a

it is not tesla or, and there is one winner.ow you get the stalwarts with detroit, gm, i think there's a massive renaissance of growth. i think specifically gm is going to get rerate it -- get rerated. if you convert 10% of the base, this is a $100 stock. i never view tesla as an automotive company. i view it as a disruptive technology player. you are going to start to see those multiples, and i think you can put in the same bucket. matt: how much does the supply chain snafu we have seen over the last year push things back? because i am pumped to see the f-150 lightning. i can't wait to see mary barra's hummer. but i feel like it is going to take a few years before these things are actually rolling on the streets, looking at how long it took them to get the bronco out there. dan: it is a great point. i do think we are starting to see from an engineering perspective, battery perspective, these companies, as opposed to the snafus, i don't think we see that over the coming years. everything mary and the team are doing, that is why

tesla's market value is confusing enough. jonathan: when you said the market, do you mean the infrastructure to support car sales or the people willing to make a change? matt: i think it is all about the infrastructure. the estimate is for something like $700 billion in electronic vehicle sales. the infrastructure is not there yet. i am constantly thinking about what car to buy when i moved back to new york. if i get an electric car without having my own multimillion dollar garage, if i live in manhattan, where am i supposed to charge it? i don't see that being a viable option. jonathan: that will be a question for dan ives. this is a guy who covers tech stocks and a lot of people say throw tesla into there. he started covering gm, too. you have covered these names for a long time. we have been waiting for them to be valued differently. is this the year for that? matt: if it is, a lot of investors are missing out because they have not bought stock in general motors and volkswagen to nearly the kind of levels -- even a fractio

tesla being tesla is going to get more scrutiny. that's a blessing and a curse and what we're seeing now is just the combination of scrutiny from state regulators, various federal regulators, increasingly journalists, and i think that's that common. >> the self-trying testing system in beta testing right now, authorities could stop it in its tracks but they haven't what does that sort tell you >> tesla uses a very misleading term to describe one particular set of varied driving scenarios and i want to say that again because it's incredibly misleading i can call my umbrella a parachute but that doesn't make it true or safe. so what can regulators do? at the state or federal level they could investigate they could issue a recall order. they could yank the cars off the road by yanking the recommending administration at the state level. they can investigate false claims under consumer protection statutes so it's not one regulator, it's really a set of various actors that i think we're going to see making increasingly aggressive moves wi

i think tesla has lost about 25%. that's not much related to tesla.oader market getting away from very high gross names that mostly reflects concerns about inflation and to some extent the broader concern in recent weeks about the omicron variant. on what specific about this, elon selling, these things have been in the headlines and conversations, but i haven't seen it moving the market that much except yesterday. yesterday doing the math to elon's tweets, you can see he's pretty done selling his stock and that created the significant buy signal across the world. you see now people buying into tesla simply on the fly. >> yeah. that's been interesting to watch. and then it does allow us to get back to a discussion about fundamentals and specifically the competition, whether or not that's the legacy oems or nicola of some of these chinese names that are saying they've got models that are better than the y. i wonder how you think that landscape is evolving going into the new year >> you bet first on the last question, don't forget, elon has a net worth o

they have other things they can invest in, not just tesla. it's forcing the strategic hand so to speak. the next six months are going to be fascinating >> what would sort of make you reconsider like the legacy automakers that has been discussed in the pastperhaps they need to actually spin off their ev units to attract, you know, things that you say like talent would that be good enough? do you think that would go far enough and perhaps get them a greater valuation and capital raise to do some of the thing ts you're talking about >> we learned about strategic moves and not just limited to spinoffs that might be overly specific and we're not aware of anything. but they do have inside the house capability and talent that if it were, if investors had a direct access to it and i don't want to speculate, but if they had a direct access in order to capitalize it, these individual units could be worth more than the entire market cap of say a ford or gm and they may not want to do that and there might need to be some force from the outside rivian plu

. >> also, a deadly shooting in the parking lot of the tesla factory in fremont. we have the new details about what the gunman did and a possible motive. >>> the news at 6:00 starts right now. thanks for being with us. i'm raj mathai. >> i'm jessica aquirre. breaking news, the santa county several jury has issued a scathing report against sheriff lori smith accusing her of multiple counts of corruption and misuse of her auchs. most of the counts are connected to the bribery scandal where her office is accused of concealed weapons permits for campaign contributions and other favors. steven brought part of that story last year. he joins us with today's bombshell developments. >> jessica, this is the civil grand jury report. as you mentioned, it listed seven accusations against her, including government code 3060, which essentially boils down to willful or corrupt misuse of office. remember, two of her top assistants are already facing criminal indictments. accused of giving her campaign contributors preferential treatment for getting concealed carry weapons permits

where say the, the a, m g e q, s tesla cyber truck is on the way. we can put it to rest electric vehicles. enthusiasm is only just begun that's going to be big in 2022 or so one of the things that could, however, slow down the automotive industry in that next year, even as that excitement for electric ramps up is the supply of chips. we've seen that the real problem of the past year is going to get any better in this next year . well, the funny thing about the chip shortages is that before this, investors were worried more about the man than ships. but now that's not even a concern because the demand is there. so regarding computer chip supply, we can see some relief in 2022. but we need cove it in on the chronic ease because that's what's key to ensure that these producers and ship plans can get back to work healthy. that's why reopens voters allows shipments of products, research and development for improve computer hardware. and we also need some more effort on behalf of global political leaders to reach trade agreements. that won't keep our comp

the electric vehicle revolution dominated by tesla may finally go mainstream as more automakers shifting to high gear ceo of lithium here to give us his easy outlook for the new year. the christmas travel nightmare far from over unfortunately as omicron variant causes massive flight cancellations and delays at the nation's airports. will go live to new york laguardia for an up-to-the-minute look at the situation. i feel so bad for those folks. i'm lauren simonetti and for liz claman. we'll take a look at the shares of the airline and other travel related companies getting slammed is weather related problems for the flight cancellations and rising omicron cases trigger fear of tougher restrictions. overshadowing that today is a really strong retail sales report underscoring the u.s. economy, mastercard reports retail sales rose 8.5% during the holiday season. november december powered by an e-commerce boom with clothing and jewelry sales helped out, it's kind of disappointing because for the second year in a row i bought the kids christmas outfit that they did not get away. the s&p 500 on

and when you look at the largest holding in that ark etf, which is tesla, which is up 36% on the yearso, she's probably up less than that in it because all of the rebalancing and everything that she has to do with it. so that is kind of my take there. but i'll just say, names like shopify, great company bad valuation. she's probably right on it long-term. >> let's get to mike khouw and see what is going on with the ark options. mike >> so we saw ark put out trading calls by about 3 to 1 and the top contracts were all short dates puts the most active were december 94 puts expiring at the end of the week trading tor about $1.22 and under 10,000 for $2.60 a contract buyers of those are putting that ark will continue to see weakness through the end of the week targeting a move of 5% or more to the down side. but i should say that etfs will see more puts trading than calls unlike single stock equities and the reason is that a lot of investors like to use etf to hedge their portfolio exposure. >> thank you for more "options action" tune in friday at 5:30. last question and i'll pose it to k

tesla really did hit the market and _ that. tesla really did hit the market and i _ that. that. tesla really did hit the - market and i have a 13-year-old market and i have a 13—year—old daughter who says every time she sees an expensive car, well, if they have that money why didn't they buy a tesla? so they really inspired people to say, yes, electric cars can do this and other vehicle manufacturers are really playing catch up on the west although i would say that a lot of the chinese manufacturers are responding to their internal market so it may not be always seen this in europe but there is huge supply and manufacturing happening out there. ., there. the government in the uk said that by _ there. the government in the uk said that by 2022 _ there. the government in the uk said that by 2022 all _ there. the government in the uk said that by 2022 all new- said that by 2022 all new builds in england must have charging capabilities for vehicles. what role do governments play in all of this? governments have played a strong will to really give the lead to manufacturers that

tesla is one of the worst today. sold $10 billion worth of stocks there and tesla recalling 20,000 model y vehicles in china today due to issues with autoparts from suppliers, dan any of those factors concern you? you are a tesla bull. >> selling of stock is well-known it is the china issue, especially with what happened to didi overall with the cold tech war heating up that's 40% of deliveries is china. a key part of the factory for giga and the bull market there's fears of retaliation with tesla in the middle and you don't want to see safety irssue in beijing that's why the stock is selling off today. tesla and apple two most exposed u.s. tech companies to china in terms of what continues to be a u.s. cold china tech war starting to heat up. >> mike, quickly on tesla, how relevant is the $1,000 mark? >> relevant people try to defend it the low today is $1,000.21 nvidia is interesting. that's the level to blow it through on the upside with that pile-on in the options area. sure there's plenty going on on the fundame

and, tesla pasta -- tesla's stock under pressure following reports the sec has opened an investigationelon musk sold $10 million worth of stock. amanda: we are seeing, even with a lot of uncertainty out there, still we are seeing positive action. s&p 500, every subgroup of that market moving higher. led by energy, financials, industrials the weakest are those that make up big tech. you see this as the nasdaq lags. the 10 year yield up 1.4%. we are thinking the long end of the curve and we are seeing big moves as specific stocks, nvidia, getting hit again as the take review of the arms transactions. certainly a day to sell, if you are nervous. for what it is worth, that seems to be potentially what is going on with tesla. shares continue to fall. this following this report that regulators have opened an investigation into the company. reuters is reporting the sec is looking into whistleblower claims on its solar panels having defects. it is new pressure on a stock that has been under pressure for some time. as you say, that does seem to coincide with the sale of stock by elon musk. mayb

and nvidia tesla up 10% over the last week.n you think of the growth stocks high-moment item, high-growth stocks names over the last years, tesla flies in the face of them what does that tell us or not tell us about the market right now? >> it does -- it's a fair bit off high you wouldn't necessarily say that it's been, you know, kind of pacing the gains recently it's just been very difficult to handicap what's next for the company. actually, if you looked at it from the moment it entered the s&p 500, december 18th of 2020 it's a little over a year right now it actually was underwater, from that price, for a good part of this year so, again, it's been hard to say, oh, it's been an easy train, it's one direction you bought and you rode it so, i think with tesla, it's a very good sentiment on a lot of the kind of speculative momentum types out there which, you know, have actually had their share of, you know, misses, in the last little while. so nvidia, tesla, also over the last six months they've traded almost in the same patter

>> it is interesting tesla sub 1,000.is morning some on friday but the interesting thing about tesla is earlier in the week the clients started to lighten up on tesla. so now as it hit 1,000 level on friday and then sub 1,000 today we definitely saw clients step up and not just clients adding to positions but new clients coming into tesla to buy it there. >> and sastasia, with all the volatility at the last week and month that the clients were still net buyers do you get that same feeling from your clients that they're willing to buy the dips rather than get very fearful? >> volatility is a good thing in terms of drivering client activity why clients were looking for tactical trade ideas last week. they wanted to monetize the elevated levels of volatility. one way is to look at the vix index and another way to look at the spread between the implied volatility on puts versus on calls and you have seen that spread and the relationship blow out to the highest levels since march of 2020. it was the same level so that was the

tesla outgrew the federal government's tax credit on electronic vehicles a long time ago. federal government provides a $7,500 tax credit for electronic vehicles, but they expire once the manufacturer has sold 200,000 of them, a mark tesla crossed in 2018. in addition, the biden bill adds $4,500 more in credits per car if the manufacturer uses unionized labor and tesla does not. as for charging stations, one of tesla's key advantages is it already owns and operates thousands of them. federal subsidies in the infrastructure bill that recently passed would simply erode that advantage by building new ones for all electric cars. it is bizarre and ironic that elon musk should be the tech billionaire who solves government spending. three of musk's endeavor, tesla, spacex and solar city would probably not even exist if not for federal support. tesla owners, like me by the way, have for many years received general tax incentives and credits from the federal and many state governments. in 2010 after a global recession, when tesla was the fraction of the size it is now, the company

you have this crazy situation where all the index buyers have to keep buying tesla.oing up, it taken a pullback, but as it goes back, all the options traders are coming in to buy options on it, with market makers buying the stock to be hedged out, people short on tesla having to buy it, you could get this situation where tesla and the s&p start to look like a bit of a meme stock. charles: right. >> i don't think that is going to happen but there is a really weird setup here. charles: real quick, there is a piece in "the ft" on bitcoin this weekend, this whole route we saw this weekend because wall street traders are having more sway. grd, i want to ask you about that, you like crypto. is this good that it trades as a correlated asset? before one of the selling points was, when everything is going to hell in a handbasket, chill out, kick back because bitcoin will be fine? >> we have hedge funds with paper hands over the weekend probably locking in profits. more liquidity, more different owners of bitcoin, pension funds, institutions the better. this is proven out. if

and later returned to the tesla parking lot. the victim's name has not been released yet. we reached out to tesla for comment but have not received a response. >>> are you ready for round two? yesterday's storm has moved on, but not before giving a boost to our reservoirs. you see the lexington reservoir behind me still historically low, but you know what? every little bit helps. check this out. snow on our bay area mountaintop. that never gets old, mt. diablo getting a dusting. mt. hamilton, plenty of the white stuff. that's a father and son who made the 90-minute drive to get a taste of winter closer than tahoe. >> just touch the snow and making snowballs. >> it's the middle of a winter wonderland. it's pretty. >> get ready for rain. >> i still love to see the snow, raj, in the bay area. >> with everything that's been going on, something is beautiful as snow just -- you take your mind away for a little. >> well done for that father and son. before we get to the rain, it's cold. i told you earlier, it was, like, 48 degrees on t

cnn asked tesla for comment but got no response. this isn't the first tesla to be blasted.with star man at the when he will. they're still orbiting the sun. made on earth by humans, well, this tesla was exploded on earth by humans. jeanne moos, cnn, new york. >> a good time was had by all. "cnn newsroom" continues after a very short break with my colleague and friend paula newton. see you tomorrow. moving is a handful. no kidding! fortunately, xfinity makes moving easy. easy? -easy? switch your xfinity services to your new address online in about a minute. that was easy. i know, right? and even save with special offers just for movers. really? yep! so while you handle that, you can keep your internet and all those shows you love, and save money while you're at it with special offers just for movers at xfinity.com/moving. >>> and a warm welcome to our viewers here in the united states and all around the world. i'm paula newton. ahead right here on "cnn newsroom," the cdc is now defending its decision to reduce isolation times amid record high case counts in the united states

powering possibilities. >>> tesla ceo elon musk has been on a selling spree of sorts.ld another billion dollars worth of tesla shares and it's not the best performing automaker and ford shares are up 130% it is one of the best-performing stocks in the s&p more than doubling this year let's talk about that, but let's do tesla first interesting, sech, you bought tesla and you bought it fairly recenty too. >> i'm a little down on it, scott. you know, listen if you're buying tesla, we did it more as a trade because it came down off its highs and we believe that it was one of those stocks that could recover pretty quickly especially if you think that they are successfully breaking into being an energy company, the opportunity is massive for them so we built a position there, more of a trading position as you know, we talked about ford earlier in the year and maybe one of the first shows of the year and it's down about $12. sadly, we rode that train, but not all of the way to the destination. we -- we bought ford in the 12 or 13 range, rode it off to the 17 or 18 range and g

and many don't rely on the tesla as an only vehicle maybe they -- actually a lot have more than teslat i -- a lot of prish repairs could be done with a software tweak. this one's going to require physical inspections and might be more frustrating to them but i think more cofocussed on fourth quarter delivery numbers. there's a lot the fans and owners are excited about as the news drops on a slow holiday week and doesn't seem like investors are really reacting. >> thank you for joining us. >> thank you. >>> four internet stocks that sold off and could be a good buyin buying opportunity right now the names next click and collect, dominating the space and more growth could be on the horizon. which company it is and what it might mean for the stock earn ab, the more questions we have. the biggest question now, what's next? what will covid bring in six months, a year? if you're feeling anxious about the future, you're not alone. calhope offers free covid-19 emotional support. call 833-317-4673, or live chat at calhope.org today. >>> welcome back tech on pace to finish up a strong year with

number two, tesla. of our viewers on twitter have guessed it correctly the ten-year treasury note the most surged ticker on cnbc.com it doesn't come as a huge surprise to those of us that had to read out. it's surprising. i don't mean that to be an anti- anti-climax. every time i read it out, it surprises me because it's the most boring in the world only two years probably more boring because it moves less it's very important, sarah why do people have to search it? it doesn't move that much. >> it's underpinning all these things you're talk about like meme stocks and tesla and apple and everything the story with treasuries was really interesting we saw yields jump by the most since 2013 we had this great bontd bull market >> there's 8,000 stocks out there to beating against each ot other. i'm going to track those five tickers and say what if you bought 20% in eempach one of th. a happy and healthy new year to you, mike and to all of our viewers. >> happy new year to every one here is to 2022. fast money

. >>> hundreds and thousands of teslas have been recalled. the technical defects owners need to know about. >> streaming today, food banks are in big need of donations with the end of the year approaching. we will share more information about their matching donations. you can find us on kpix.com or on our >>> welcome back. avoid cruises, even if you're vaccinated. that is the message from the cdc today and the agency just increased the risk level there to the highest level and they have seen a recent cases. they recommend getting fully vaccinated and getting a booster shot and te or tworthree days before 5 days afterward. changes may be on the way for a booster eligibility and the new york times report people familiar with these plants say they could start allowing 12 to 15- year-olds to receive third doses of the pfizer vaccine and it may allow people to get that shot five months after their second dose rather than the current six months. the cdc's advisory committee plans to meet next week to vote on whether to recommend the changes. >>> a

reportedly investigating whistle-blower claims on tesla's solar panel defects. one of the big threads of the morning are the in addition a's on arrivane ae ae ae ance -- ri >> it's almost as if the analysts have become authors and these are grabby headlines i saw the one and immediately i didn't want to readed other. that's jonas being creative, interesting. i'm not saying he's wrong. he points out compelling produces those are all true, which is one of the reasons why i think, when you read that, it could make sense. it does have all the orders it needs. >> a lot of the other initiation involved the stock prices in 2 million cars with a company with no manufacturing record or 20 million cash burn. basically it's a hard business for small companies to scale >> by the way, the 8k on lucid, we're not sure of the investigation, but fisker hasn't been hit by the ugly stick yesterday, but there is an overwhelming sense of roth rivian, because of the amazon, does have something. if you make a deal with amazon, you're anointed, but nothing else really maerpts in that s

and their chief joined us this morning on cnbc, compared the company to tesla take a listen. >> thiss a real company that is leading in a powerful technology category. when you look at the products, they built a full stack of silicon systems, software, the manning software, whole risk management system. they have been unquestionably creating this category and the only company that we see who is anywhere close is tesla in terms of capabilities >> any valuation around 50 would be a nice appreciation from 15 which is what they bought it for in 2017. and we'll see whether or not it becomes it public competitor and be in the same universe of the nvidias and qualcomms of the world. >> yes, and we've talked to him several times over the years there is really underlying technology here. he is a professor, he's been doing work in computer vision for a long time and the technology underlying is applicable in a lot of different areas. so speaking of, joining us now on all of this is mobile's co-founder who will be leading the spinoff. good to see you again. so talking to pat gelsinger a couple

over in the east bay tesla facing more accusations of harassment. the lawsuits filed in alameda county, a legend unwanted culture at the company's fremont plant along with other facilities. now, we spoke to an attorney representing 6 women making these claims kron four's. dan thorn has that story for us. >> rampant harassment, including cat calls and unwanted touching are at the center of new lawsuits against tesla current and former female employees described the factory floor of the company's fremont plant as a crude front. house are rampant harassment is really very reminiscent of like what 1970's construction zone might feel like we're the kind of our cake. >> environments that used to exist in in some workplaces attorney david lowe is representing 6 women who filed the harassment suits. >> 5 of them worked in fremont. well, one worked in the service center in southern california in one suit. a tsa worker named make a looker and accused her supervisor of telling her she had a, quote, big and that she should dance along with other brazen comments

tesla ceo elon musk has sold about $1 billion worth of holdings in tesla according to filings. also exercising options to buy nearly $1.6 tesla shares at a strike price he told twitter users whether or not he should sell, he has been on a selling spree this year, shares up making musk the world's wealthiest person. >> incredible. thank you so much. back in the broader markets, cnbc is out with the latest quarterly stock report asking about the outlook. we asked what worries investors the most about 2022? inflation is a top attorney by a wide margin. almost a third of people say the fed raising rates at the wrong time 17% are worried about covid and the impact for more of what you can expect. let's bring in greg han. you saw that survey there. the compilation and what they are worried about and going into the new year and what they have top of mind. >> of those three, it would be inflation. the ee conomy, when the fed puls back it is stimulus we don't expect to see the types of returns we've seen in the past few years. we expect to see something more muted. fixed income will be

emily: if i am a buyer, why should i buy your suv over a tesla?rian: when we unveil the product, it will be positioned in the premium category. in that category in the china market we believe it will be the best product, and it will cater to chinese consumer demand as well as user features with this and charging capability. it will be a strong product to the consumer market. i think we have planned to unveil that product in europe. i think this design coupled with wealth features will be a powerful package to compete with tesla products. emily: we have been closely following didi's delisting in the united states and other chinese listings. how is this impacting you, and could it lead to a delisting for xpeng as well? brian: we have been watching this process, and the accounting issue. while this is still ongoing, the timetable means that it will be several years before a final decision will be made. there is still time for the two governments to work out something, but in the meantime, we actually completed a dual primary listing in hong kong. tha

they go head to head with tesla. joining us one of those analysts who put a $165 price target on the stock. that's the second highest on the street one of the notes caught my eye, it was using 2030 estimates to justify these price targets. i don't know if that was yours >> first of all, thanks for having me. look, we obviously have to forecast a little bit further out here for companies like rivian where there is a great growth story but they are starting from nothing. they are ramping right now we think that the ramp path they are on can actually be faster unanimous what tesla has accomplished from the first ten years of their life for a variety of reasons so we have looked at a myriad of different valuation metrics including a 2025 sales target as well as 2030 ebitda, and a ten-year dcf we have to look further out to compensate for the growth. >> if you look at tesla, it did take them a decade to basically ipo and then reach the kinds of scale they are at now. from that point of view it totally makes sense. what wa

basically, we really like tesla because of the robust demand for the model and also the y version of that -- of the car so they're doing really well, also the growth in the energy and solar storage. once again, we're seeing growths in tesla, also if you think about it and if you think about the grocery store the other day and the infrastructure for the charging stations. tesla has done a great job of putting those across the country. >> i hear you. >> so what -- i hear you, but -- >> 60% -- >> forgive me for interrupting you, but you can give me all of the reasons why you and others like tesla, well, you know, the demand is picking up and their infrastructure on charging stations and you know, yada, yada, yada that doesn't do anything for me when i have a stock down 25% from its 52-week high, with all due respect. if i'm sitting in this stock today -- how am i supposed to feel am i thinking it's going down 50% from its 52-week high? am i thinking it's going to hold up better because of some of the reasons that you suggested are you buying more off the 25% decline because you feel so

s. electric car giant tesla and asian producers of lithium ion batteries. the site is expected to produce enough batteries to power $1000000.00 electric vehicles every year. north vault expects to make its 1st deliveries to commercial customers. in early 2022. the company has already secured $30000000000.00 worth of orders from european comic is including germany's b, m, w, and folks, fagen and sweden's volvo with which it plants. a 2nd european factory test lays due to launch its 1st factory in europe soon. and asian rivals have significant operations in poland and hungary. but no european firm had opened a major facility until now. well, 2021 was a big year for electric vehicles and electric infrastructure companies like ford and g m. announce ambitious e v production goals. investors meanwhile search for the next tesla, while elevating firms with a focus on electric infrastructure. among the biggest winters was electric, vehicle maker riven automotive, now it raised over $12000000000.00 in its market debut. in november, a munich based sono motors, a smal

julia boorstin >>> tesla is about to snap a six-month winning streak as it is down 6% in december arenvestors shifting to competitors? we will explore that plus, the street as top picks for 2022 get excited. we have them coming up in rapid fire >>> a quick check on the dow as we head to break travelers is leading don't see that often microsoft and salesforce lagging as tech is under appreciate why today. we're back in a moment as an independent financial advisor, i stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com where's mom? she said she would be home in time for the show. don't worry, sweetie. she promised she'd be here for it. ooh! nice shot! thanks! glad we have xfinity,

powering possibilities. >>> tesla seaing some bumps in the road wow. am loud in my own ear nor a second why in 2021 with consumer backlash in china and elon musk sale of company stock. despite that, shares higher by 55% year to date and wedbush forecast tesla charging higher in 2022 with the $1400 price target on the stock. joining us now dan ives. twice in under 24 hours. what a pleasure. >> great to be here. thanks. >> let's talk about firstly how you get to this price target i know you have been bullish for a while. i think it's helpful to remind everyone the multiple that implies to get to $1400. >> yeah. we have viewed tesla as a disruptive technology name so when they get to scale looking at 2025, 2026 earnings, could they have $25 plus earnings potential? i think that's just one way to look at it i also view sum of the parts looking at china alone i think that could be worth 4040 in a bull case $500 a share and right now just part of green tidal wave we see an inflection 2022 right now it is really sure the next step of the tesla growth story pl

everything from amazon, apple, netflix to, well, tesla.ted to hit a story, morgan, that broke yesterday, extra color and reporting. coo daniel pinto stock option worths $25 million terms restrictive. vest five years during which time the entire can be called back and then hold the stock a further five years before he can cash them in so terms, in fact, similar to the $50 million special award chairman and ceo jamie dimon received earlier in the year pinto in the moment in the process of becoming sole president and coo due to gordon smith the retirement end of this month. additionally with yesterday's announcement all other business heads now report jointly to both dimon and pinto. previously just reported to dimon. ultimately, the award making sure pinto stays despite not being number one and clearly signals if anything happens to dimon in the short term he would take over. we all knew that part but signal as slight change in time frames we've talk and younger potential leadership candidates now really need dime ton stay a full five years

the tesla should pay a black x employee. more than a 130 million dollars for ignoring racism at its fremont plant. tesla has 30 days to respond to these lawsuits and we reached out to the company for comment. and as of this report, they have not responded reporting live in the newsroom. dan thorn kron 4 news. stan, thank you for that. we are also learning new details into the homicide investigation at the tesla factory in fremont. >> that includes a first look at the suspect and the alleged weapon that was used in the case. our grant lodes joins us here in the studio with that part of the coverage tonight. and learning more about what police say may have led to. >> this killing and then and then where they found the alleged killer. police say that the man found dead yesterday in the factory parking lot say he was killed by a co-worker and the shooting. it happened yesterday at the factory on fremont boulevard. police say the victim had just finished his shift when he was shot. they say he had been arguing earlier in the day

tesla has 30 days to respond to these lawsuits and we've reached out to the company for comment. but as of this report, they have not responded reporting live in the newsroom. dan thorn kron 4 news all right. dan and new information tonight in the homicide investigation at the tesla. >> factory in fremont. police now say that a man was shot and killed by his co-worker. this is video of the scene happened yesterday at the factory on fremont boulevard. police say that the victim had just finished his shift when he was shot and killed in the parking lot. investigators identified the suspect as 29 year-old anthony selena and say that the 2 men worked together at the factory. police say that the men were arguing earlier in the day when selena suddenly just walked off the job. officers located him last night in milpitas. they arrested him. the victim has not yet been identified. >> the father and son charged with starting the caldor fire near south lake tahoe or out of jail tonight after a judge reduced their bail from 1 million dollars to $50,000 for the sun and $25,000 for the father

nonunion factories like tesla would get smaller credits. elon musk said he's in favor of dropping all subsidies joining us is tim higgins, tesla, elon musk and the bet of the century. did i overdo it with my tears? he talked about bernie, talked about the woke progressive left, and he's definitely -- he's moving to texas to get away from taxes. you like him now or do you not like him now you're not with the opinion part of "the wall street journal. you're with the other part, i guess. >> he's absolutely become a libertarian, right and it's revisionist history because tesla and elon musk have definitely benefitted from those government interventions over the years. in fact, in 2018 when the company was near bankruptcy, if not for those tax credits that people were getting for the model 3, it would have been that much more expensive and tesla would have been that much more in trouble as it tried to generate the money it needed to stay afloat with the sale of those cars so tesla and investors have benefitted from the government's help of the e