c.e.o. elon musk tweeting that he is considering taking the company private. >> the stock soaring 11%, after it was halted. >> no! we're going to have to sell our house! >> the famous "brady bunch" house has been purchased by hgtv. >> we'll have to move! >> we'll make new friends. >> but jan, you don't have any friends. >> glor: good evening. i'm jeff glor. this is our western edition, and we are going to begin here with fast-moving developments on fast-moving fires. the mendocino complex fire, so big the smoke can be seen from outer space, will likely burn now for the rest of the month. at 450 square miles, it is already the biggest ever recorded in california. it is one of 17 large fires burning in the state. one of them, south of los angeles, broke out yesterday. and it's getting dangerously close to homes. john blackstone is following this. >> reporter: for a second day, the so-called "holy fire" outhted in southern california, sending plumes of smoke thousands of feet into the air, easing a threat to nearby communities down below. time-lapse video shows the wildfire mushrooming in the c

c.e.o. elon musk announcing plans to take the electric car maker private it will be the largest leveraged buyout in history he said he'd secured funding to buy the company up at four hundred twenty dollars a share giving it a price tag of seventy two billion though he didn't say where the funding would actually come from shortly after his tweet must published a letter to tesla employees on the company's blog where he said that going private would be the best path forward and would allow tesla to operate at its best free from distraction and short term thinking going private would also be one way to avoid close scrutiny by the public market must pass feuded publicly with regulators critics short sellers and reporters the company is still trying to overcome production challenges which have held up its new model three sit down on which tesla's profitability rests in the meantime the u.s. securities and exchange commission is looking into musts claim he secured funding as well as why the announcement was made via twitter and not fire a regulator refiling as its standard the f.c.c. also wants to ensu

c.e.o. elon musk spoke emotionally about the stress of running the company and as american regulators are said to be widening a probe into the firm last told to help times that he was working up to one hundred twenty hours a week to meet production goals and that he had been taking for sleep the u.s. securities and exchange commission is looking into mosques meeting of plans to take the company private all right let's bring in selfish lansky on wall street in new york something very nice to have you with us please bring us up to date on the saga . while this interview is certainly not a task the stock market does not make a fable impression on investors and if he cannot keep it together the company might be forced to look for a new c.e.o. or a second one and even way this could mean a shift in the direction of the company and then on top of that the f.c.c. seems to have investigated tesla and mask for quite a while now because of a second completely different issue according to people with the matter they are trying to find out of tests i have misled and bess's before it about its model of rep

c.e.o. elon musk in a tweets that sends the electric price up eleven percent and leaves analysts shaking their heads. and more trouble in the air for ryanair as its european pilots go on strike over pay and working conditions at europe's biggest budget airline flight cancellations will affect twenty five thousand passengers on friday . i've been physical and let's do business chief executive ilan musk wants to take the electric car maker private. by eleven percent on the news before trading was hold and for more than an hour on tuesday or wednesday the board of directors said it's going to evaluate the plan. if musk can succeed in taking tesla private it would be the largest leveraged buyout in history . lask tweeted on tuesday that he was considering taking tesla private at four hundred twenty dollars a share saying that he'd secured funding ideal at that price would represent a price tag of about seventy two billion dollars he didn't say where the funding was coming from shortly after his tweet musk published a letter to tesla employees on the company's blog where he said that going private

c.e.o. elon musk wants to ramp up production of the model three its more affordable mass market model in a letter to shareholders must says he wants to build ten thousand units a week tesla's under great pressure to churn out more vehicles various setbacks lead to difficulties on the production line and fewer cars produced the plant. as a good check on the markets with corporates in france paul tesla is burning money when will they ever start to make some. stores like the one that's behind me here in frankfurt they don't have a problem to sell but cars you know if you walk through you'll see the sold signs it all comes down to whether tesla can make their cars whether it can speed up production and there's actually a heated debate about that among investors on an investment forums and they're of course always the true believers in tesla who don't really care about the numbers right now anyway they just believe in the vision but there are critics also musk has promised ten thousand cars per week and twenty nine thousand and even went so far as to say a million is possible per year in two thousand

elon musk is elaborating on what sparked his move to take tesla private. the electric car maker c.e.o. said the key to the gambit was the interest shown by saudi arabia's sovereign wealth fund. musk says the saudis approached him almost two years ago about taking tesla off the market. the fund recently bought an almost 5% stake. for more i want to bring in oppenheimer senior analyst, collin rush. also with us in new york is max. max, i want to start off with you. elon says he's continuing these talks with the saudi fund, that he's also talking to other large shareholders. do we have any idea who the large shareholders are and how far along these talks are? >> no. we have no idea about anything. i think there's sort of even with the information that came out this morning from elon musk's blog post, you know, there's sort of a wide range of possibilities that could have happened. we know that there was some kind of concrete conversation between the saudis and elon musk, i believe on july 31. that timing is pretty tight for a buyout. we don't know if they talked about price. so the blog

c.e.o. elon musk spoken motional e about the stress of running the company and as american regulators are set to be widening a probe into the firm must go it's a told the new york times that he was working up to one hundred twenty hours a week to meet production goals he had been taking for sleep the u.s. securities and exchange commission is looking into mosques tweeting of plans to take the company private it's. all right let's bring in social month ski at wall street in new york city very nice to have you with us please bring us up to date on the test sagal. while this interview is certainly not half the stock market does not make a fable impression on investors and if he cannot keep it together the company might be forced to look for a new c.e.o. or a second one and even way this could mean a shift in the direction of the company and then on top of that the f.c.c. seems to have investigated tesla and folk why do why now because of a second completely different issue according to people familiar with the matter they are trying to find out of tests i has misled and vestas before it about it

c.e.o. elon musk wants to ramp up production of the model three its more affordable mass market model in a letter to shareholders moss says he wants to build ten thousand units a week. on the great pressure to churn out more vehicles various setbacks have led to difficulties on the production line and fewer cars produced one plant. and that's it you're up to date you're watching get all the news coming to you live from there's more news coming up at the top of the hour don't forget you can always get the latest news and information around the clock on websites and that's of course. dot com thank you very much for joining us today. that's a reality in the netherlands. researchers have been experimenting with both trying to stem cells. the cells divide and multiply muscle tissue develop. good coach should be placed meat from the source house. to morrow to do next. enter the conflict zone with tim sebastian. turkey is not an easy ally for the west to manage my guest is the turkish foreign minister medvedev shall we show you all the differences between turkey and the e.u. becoming impossible to recon

c.e.o. elon musk tweeted that he had suggested that he might take the company private in the stock rose more than seven percent trading resumed shortly before he went to air and we'll have more on this tomorrow we'll be right back. i. suppose some of us. from the. last time we chased. each one of the carrying twenty kilos of drugs. first offense. in the family i mean all medical men. like. me. but i don't know. i will bring. around what. we have no idea what safety is doing on vacation but she will be back in september . the way to the united states is dangerous for most of the illegal immigrants. who are still just as there was a simple but i want to become a lantern i won the last post on this topic but as many of them look for refuge in the so called sentry sides of the draft used to share information about undocumented migrants with federal authorities the last person asked dan. listen to morrow and then the next time i get i'm in a lot of class and i want that. one of the options to stay in the country with donald trump in the white house over political rivals the both of you what is th

c.e.o. elon musk says this past year for him has been ngcruciating. >> the tesla board so concerned, exc're looking for a new number two executive. ri ♪ >> tributes continue to pour in for aretha franklin. >> her voice and sincerity is t forgettable. >> she has left us with a musical legacy that kids who haven't even been born yet will get a chance to experience. >> glor: good evening. i'm jeff glor. and this is our western edition. we are going to begin tonight with the open war over top secrets. this week, president trump pulled the security clearance of former c.i.a. director john brennan. that produced a written rebuke from a group of former u.s. intelligence officials. now, the president says he is reviewing the security clearances of nine others, many of whom have been very critical of him, some with links to the russia investigation. here's weijia jiang. >> reporter: on his way out of town for the weekend, president trump hinted current justice department lawyer bruce ohr could be next to lose his security clearance. >> i think bruce ohr is a rasgrace. i suspect i'll be taking it awa

c.e.o. elon musk wants to ramp up production of the model three model a more affordable model designed for the mass market in a letter to shareholders musk wants to build ten thousand units a week tesla is on the great pressure to produce more cars but various setbacks have led to difficulties on the production line and less vehicles produced and plant. d.w. news here's a reminder of the top stories we're following for you. killed three people and other demonstrations in the capital harare troops opened fire on opposition protesters who say the ruling zanu p.f. party rigged the outcome of the country's election the government is found to crack down on anymore on the rest international leaders are calling for restraint. that's it you're up to date you're watching news from berlin more news coming up at the top of the hour don't forget you can always get all the latest news and information on back on stories around the clock on a website that's of course w dot com thank you very much for watching. enter the conflict zone with tim sebastian the fact he is not an easy ally for the west to manage m

c.e.o. elon musk tweeted that he suggested he might take the company private in the stock rose more than seven percent trading resumes work early before he went to air and we'll have more on this tomorrow we'll be right back. i'm done with up both. from the. last time we chased. each one of them carrying twenty kilos of drugs. first offense. is that they just stepped. in free will i mean. this is for me. i don't know maybe they don't make or. break. for now what. the ways of the united states is dangerous for most of the illegal immigrants. just a simple they want to take on most. of the last but many of them look for refuge in the so-called sentry sides of the draft used to share information about undocumented migrants with federal authorities money. bank. was you know no i didn't have my son i got i mean a lot less than the one that. they have that was the options to stay in the country with donald trump in the white house. beat up to the. wall. deal with the put simply the impulse response holds more thump thump you up as opposed to the whole of the. join me every thursday on the alex salmo

c.e.o. elon musk market moving tweet plus there is a new news on vehicles with those of mission cheating devices and one european country now says owners can't even have their vehicles registered while lauren will help us sort it all out and there's new cold war news between coca-cola and pepsi co the battleground is the eight billion dollars sports beverage market steve malzberg joins us to discuss there's a lot to get to but first let's get to a few stories topping today's financial and business headlines. lots of earnings news out as wal-mart's latest figures are catching the eyes of market watchers the arkansas based u.s. retailer beat expectations on revenues same store sales increases and earnings per share revenue was up three point eight percent to one hundred twenty eight billion dollars and same source sales were up four point five percent and earnings per share were one dollar in twenty nine cents a share of the wall. mart stock rose ten percent holy cow on the report one important bright spot for wal-mart now especially in the future is their reported forty percent growth in online s

c.e.o. elon musk here at talk tesla and some other ongoing issues with automakers is the car coach lauren fix who is also the president of the car utility and truck of the year award lauren welcome back we're so glad to see you again what do you make of this assays see file you have coming down pretty hard so far doesn't surprise me as a regulator but what are your thoughts. well i actually since we spoke earlier in the day there's been an additional lawsuit put in place and i don't dition a whistleblower in the last half an hour somebody claiming that there's all kinds of drug deals going on in the past and all kinds of exciting things of course with a whistleblower you never know and the f.c.c. is always looking for that especially when they're already being viewed at so closely with the f.c.c. in most cases what happens these days is they're not looking for someone to admit guilt there's going to be a penalty involved if they actually find him to be guilty and they're going to take the money and when in reality there's a bigger issue besides the lawsuits all the financial investors who los

c.e.o. elon musk tweeted that he suggested that he might take the company private in the stock rose more than seven percent trading resumed shortly before he went to air and we'll have more on this tomorrow we'll be right back. both of us. last time we chased. each one of them carrying twenty kilos of drugs. first offense. it's free we are mean. this is for me. i don't know. i will. not work. the way to the united states is dangerous for most of the illegal immigrants. most of them simple so they want to become most. honest about what many of them look for refuge in the so-called sentry sites the draft used to share information about undocumented migrants with federal authorities. say uncle. i see them or no i didn't have my son i got them in one class and the one that. they have that option is to stay in the country with donald trump in the. movie. i said. why. you know what chance of putting food in those bundles of that was a. welcome back it's deja vu all over again as a new regulatory filing by bad boy bank wells fargo real deal that six hundred twenty five families families were kicked

c.e.o. elon musk tweeted that he suggested that he might take the company private in the stock rose more than seven percent trading resumed work early before he went to air and we'll have more on this tomorrow we'll be right back. the way to the united states is dangerous for most of the illegal immigrants. crossing their fingers but first a little simple they want to become us and i want to ask some just about what if many of them look for refuge in the so-called centrist sides of the drug used to share information about undocumented migrants with federal authorities the last person asked bank of mom. policy to morrow have a l.f.s. i'm not getting a lot less than the one that. they have or water they'll choose to stay in the country with donald trump in the white house for forty gobbles. the who can beat up the deal with the old i said fitz doubleton many couples won't. kill the child the put simply devil's spawn pose for a few of those of a few the hope of the. truths seem wrong. when all rolls just don't hold. any belief yet to shape our disdain comes to etiquette and indeed from an equals

c.e.o. elon musk's tweets about securing to go private. an s.e.c. vestigation would ask what musk meant in his august 17 tweet that sent this saga in motion. ith naughton, what does this subpoena actually say about this investigation? >> it says the s.e.c. is knew taking this to the next level. it's mechanic a -- become a more serious investigation and they're going to look deeper, particularly at the part of musk's tweet that says funding secured because it appears funding was not secured. he said in his log post on monday he's he'd been talking to officials but it had not skired the funding. this is another example of elon putting the cart before the horse. he said two days ago that he had goldman sachs as an advice advisor but it was only today that goldman sachs confirmed that. he seems to be getting ahead of himself which is causing concern with the s.e.c. haidi: what does that mean for elon musk? are we talking about a different type of investor pressure then? >> exactly. there are a couple of things at rk with the sawed rain investment. -- sau

c.e.o. elon musk says the company will not go private it remains unclear if the company could have raised enough resources to do so anyway the news comes on the heels of the us curious exchange commission investigating the circumstances surrounding the we will go public tweet and it may as it may have violated u.s. securities laws time now for a quick break but stick around because when we get back we'll look at the world's largest companies saudi aramco and the apparently ill fated or at least stalled initial public offering and we look at oil prices and more with david greenberger greenburg capital plus national trial lawyers magazine's molly barrows our legal drama with friends looks at which companies are benefiting from what some call slave labor in u.s. prisons and as we go to break another good day in the markets in the wake of the record setting nasdaq and s. and p. five hundred highs on friday global industrial names like boeing and caterpillar made the move north of two points each today as a some of the financials here are the numbers at the closing bell back in a flash. as well as go

c.e.o. elon musk offers a bit more clarity on his funding secure tweet, pointing to interest from saudi arabialth fund. but questions still remain. we'll discuss. plus the f.f.o. of fret flicks -- c.f.o. of netflix is stepping down.

c.e.o. elon musk spoke emotionally about the stress of running the company on this american regulators are said to be widening a probe into the firm must talk to new york times that he was working up to one hundred twenty hours a week to meet production goals that he had been taking. for the u.s. securities and exchange commission is looking into mosques teaching of plans to take the company private. right back to the city marking a tragic story to barcelona that's right its battle re talking about now catalonia is marking a grim anniversary as funny just said of the deal of terror that left the spanish region on edge one year ago a terrorist drove a van into pedestrians on barcelona's famous. now witnesses say he zigzagged down the busy street to hit as many people as possible as later another member of that extremist cell struck again this time in a car which released into a crowd in a small seaside town south of boston and the so-called islamic state claimed responsibility for those attacks spanish authorities have dismantled the cell with its members either killed or arrested but sixteen pe

c.e.o. elon musk tweeted today that he might buy back stock at $420 a share. he said it would help teslafo cus on the long-term, not quarterly profits. on the broader market: the dow jones industrial average gained 1r26 points to close n 25,629. the nasdaq rose 24 points, andad the s&p 50d eight. and, former nevada governor and senator, and ronald reagan confidante, paul laxalt died monday. he fbecaends with the california governor in the 1960's. latechaired the reagan presidential campaigns, and he served as a liaison between the reagan white house d congress. paul laxalt was 96 years old. still to come on the newshour: the businesses partner of president trump's campaign chairman cross-examined in cot. fearing a crackdown in venezuela after an assassination attempt using drones. states propose taking away guns from people who pose a threat, and much more. >> schifrin: the key witness in the trialf president trump's former campaign chairman, paul manafort, took the stand again today. this time facing tough questions from manafort's legal team. newshour's wila

c.e.o. elon musk offers a bit more clarity on his funding secure tweet, pointing to interest from saudi arabiaquestions still remain. we'll discuss.

c.e.o. eland musk told them -- elon musk told them ahead of his tweet last week.t journal" cites an unidentified source saying the regulator is investigating whether musk intentionally misled investors. tesla meanwhile is suing the government of ontario for canceling electric vehicle incentives. global news 24 hours a day, on ir at on twitter -- and on twitter. i'm paul allen. this is bloomberg. ♪ rishaad: still ahead this hour, the business of e sports and how a league of legends tournament in the 2018 asian games could boost tech stocks. the next trump targeting turkey with a threat of further tariffs. we'll get the lira outlook. this is bloomberg. ♪ rishaad: this is bloomberg markets. president trump once again turning up the heat on turkey over the detention of an american pastor. he's tweeted that the united states will, quote, pay nothing for the release of an innocent man. that after the white house confirmed it is prepared to offer more sanctions. it doesn't look like either side's backing down for the time being. >> that's right. we've seen the trump admi

c.e.o. of a company worth seventy billion dollars because that of course creates shock waves on the stock markets and of course elon musk tweeting almost every day sometimes ludicrous stories outrageous stories and nobody knows how far can we take this guy seriously anymore when he tweets and in this particular case i found it quite interesting he named a price for his buyback that that he promises it was four hundred hundred twenty dollars now i didn't catch that at first that reference either but for twenty is a number out of the stone or community it it's a well known number it's often cold for marianna so of course with musk being known to tweet outrageous stuff people wonder is he joking putting a reference in there we don't know or does it mean you know very mysterious it might also be legal but is it smart when this case it might not be very smart of course if you are known to be a little bit of a jokester. and a prankster on twitter it's probably not good to use that to communicate serious information to your shareholders to your analysts out there but you know all the joking aside. shares went up quite a bit el

elon musk said he is considering taking company private. that would value the firm at $82 billion. the co-founder and c.e.o.m trying to accomplish an utcome where tesla can operate with as little distraction as possible. it would be the largest leveraged buyout in history. global news 24 hours a day on air and attic tock on twitter -- tictoc on twitter. this is bloomberg. thank you so much. turkey has replaced argentina as the worst performer in local currency bonds this year. they have lost about 39% in dollar terms compared to argentina's 35%. that is according to bloomberg's indices. could the president erdogan be forced to back down on some of his firmly held economic policies? you look at emerging markets. not sure what to do with turkey. there is not much appetite in the leadership of turkey to back down on anything that the president has said and investors are freaked out. >> there is two camps out there. the bulls are saying the i.m.f. and the bears are saying capital controls. neither is likely. i would say capital control is more likely than mitch. -- i.m.f. the reason the currency is performing s

c.e.o. elon musk announcing plans to take the electric car maker private it will be the largest leveraged buyout in history he said he'd secured funding to buy the company up at four hundred twenty dollars a share giving it a price tag of seventy two billion though he didn't say where the funding would actually come from shortly after his tweet must published a letter to tesla employees on the company's blog where he said that going private would be the best path forward and would allow tesla to operate at its best free from distraction and short term thinking going private would also be one way to avoid close scrutiny by the public market must pass future publicly with regulators critics short sellers and reporters.

c.e.o. elon musk it's weights that sends the electric share price up eleven percent and leaves analysts shaking their heads. and more trouble in the air for ryanair as its european pilots go on strike over pay and working conditions at europe's biggest budget airline flight cancellations will affect twenty five thousand passengers on friday. i've been physical and let's do business chief executive ilan musk wants to take the electric car maker private test the shares surged by eleven percent on the news before trading was holder for more than an hour on tuesday and wednesday the board of directors said it's going to evaluate the plan. if musk can succeed in taking tesla private it would be the largest leveraged buyout in history. musk tweeted on tuesday that he was considering taking.