-- elon musk.eighing upa done? -- elon musk. consumers are weighing up a lot of factors when buying a car or servers, notjust the opinions of the founder by what is interesting about this is the implication and the ripple effect from the celebrity ceo. someone like elon musk makes an uptrend is all behaves like that, the knock—on can behaves like that, the knock—on can be incredible and impact thousands and thousands of people that have spent a lot of time building a business around them. an off—the—cuff remark can impact and damaged that to such an extent which is quite phenomenal. you said that it shows resilience but kessler shares fell sharply. it is not like investors could pressure the company to fire elon musk given he is the founder. when the celebrity ceo does well, the positive effect of the awareness of the brand, it is fantastic, but when it goes wrong, it can have a really damaging effect. think about sepp blatter around fifa, tony howard at bp, the deep waters spill. sometimes these t

brad: elon's twitter feed has been a circus show -- a delightful circus show.oes the company have to grow up now or are we going to continue to be entertained by elon and his push back on some of tesla's critics? >> i think the real car companies think he is joking. he is felt for years that tesla is a real car company and that was a dig at skeptics. one thing that is noteworthy about this being pushed to have 5000 is that this is the first time i can think that elon musk has paid attention to what wall street and what outsiders are saying. they said you have to hit this milestone and he basically said, ok, i will do whatever it takes. he said he will fly production lines and cargo planes, build this giant tent and we will do everything we can. i think that is interesting. it strikes me as a concession that he has made in wall street and the outside world where he has to act more like a conventional company. mentioned some of the upcoming milestones and benchmarks such as lowell have to meet. are they going to have to go such that has low will have to meet. are

you have to think this is a big moment for elon musk and tesla. and electric vehicles in general. 5000 cars is nothing to sniff at. chafkin, thank you both for joining us. a story we are watching in an effort to cut costs, hbc laying off employees in taiwan. a quarter of its total staff, the scaling down comes as the smartphone maker struggled to hold onto market share from apple and samsung and newer players. htc offloaded 2000 engineering jobs to google as part of a larger deal with the company late last year. coming up, what is old is new again, michael dell telling the company he built back to the public, next. if you like bloomberg news, check us out on the radio, listen to the radio app on sirius xm. this is bloomberg. ♪ the world's largest private tech company is going public, again, dell planning to return to the public market i find it stock in a cash and stock swap deal at $22 billion. in january of this year, the ceo and founder michael dell preach the benefits of remaining private here. >> as a privately controlled company, your time h

no, elon musk has been successfully, i think, executing on a plan. i don't think the plan has always gone according to form. >> as a shareholder would you be concerned about elon musk taking to twitter to take out reporters, analysts, short sellers, whoever it may be, gina >> that's never a good thing at the end of the day, i think the reason you see a lot of people continuing to be in this stock is because it's an innovation play. this is a major innovation what's really happening now the market has gotten into what have you done for me lately that's really where the execution risk happens what i said before, the biggest risk at this point there's no margin for error that's the challenge is it a good play, long-term play. >> trading range between 300 and 360. i agree with tim wholeheartedly. it's absolutely a bigger the thematic risk to be tweeting if you've got nothing to hide new york city issues with the fundamentals of this company, there's no reason to push back consistently on street ratings in my opinion it does them more of a disservice. it'

emily: how do you decide because the fake elon musk comments on every real elon musk tweet.at a fake account or does that qualify? >> i think that is another problem and another huge issue that happens. you don't want these fake accounts to promote fake topics. emily: they are active and being used. is that against their terms of service? >> the problem is they are saying i'm elon musk and trying to hop on his bandwagon and get people to do something else. they are tricking people into doing things that they might not normally do. then, leverage his identity. >> these are gray areas because parity accounts on twitter are ok. it is ok to make fun of a famous person like elon musk on twitter. accounts where people are pretending to be him are not. the line between the two is very thin. emily: how is twitter making the decisions? there are lots of problems. >> some of it is machine learning and a lot of it is improving the training of the people who go through and do the checks on accounts when they are reported. in another big move that twitter did recently, in people's replie

in a lot of ways, tesla is elon musk.excitement and the two are interchangeable in a way you do not the with other companies. a lot of investors are betting on elon musk and his vision for the future. and they are betting on that vision for whether it is space travel or cars. they can only invest in tesla. we see a lot of overlap. that is the challenge for any board of directors. the other thing going on is tesla has lost a lot of senior management. elon musk is overseen directly the sales and production and the functions of leadership. there are not a lot of people left to take over.>> he said he has had these issues before.>> reporter: tesla did not respond to my request for comment. elon musk gave an interview in which he said maybe he should change his ways on social media. then here he was this weekend, doing more. >> tim higgins at the wall street journal. >>> coming up, strong reaction from both sides of the aisle, following max meeting with russian president vladimir putin -- president donald j. trump's meeting wi

has some of the halo some of the , glow faded from elon?re the markets looking at tesla a little differently? >> no, i do not think so. i think the reason for the muted wastion was this milestone a terribly kept secret. by design, if you are reading his twitter feed, they are telegraphing this for about a week. basically, people knew they would hit it. there was just a question of how they were going to do it. and we still do not know how exactly how they were able to hit this milestone but you have , to think this is a big moment for elon musk, for tesla, and for electric vehicles in general. 5000 cars is nothing to sniff at. >> ok, ivan and max chafkin, thanks for joining us. coming up, what is old is new again. michael dell is taking the company he built from the ground up back to the public next. , and if you like bloomberg news, check us out on the radio . you can listen to the on the radio app, bloomberg.com, and on sirius xm. this is bloomberg. ♪ ♪ brad: the world's largest private tech company is going public, again. dell is promisi

carol: news about elon musk in tesla opening a facility in china.e themes of europe put it in writing, the most important business or of the year is elon musk and the model three. everyone knows that elon musk is a entrepreneur. makinghis match in the of a midsize sedan. this was a guy who is able to space,fully launch into and what his trip them up as making a car. boils down to this, a do or die moment to make this car. he hit the numbers. they hit that. now he has many thousands more to make. potentially in china, at a time that tesla is burning through cash. on the horizon, we have a bunch of new entrants into the electric vehicle market coming out with the electric car. they wouldn't really be happening without elon musk. carol: up next, from arkansas to manhattan. have bank of america became one of america's top construction lenders. jason: supersized $2 trillion value of the repose -- carol: this is bloomberg businessweek. jason: welcome back. i'm jason kelly. carol: i'm carol. you can also find us online and on our mobile app. jason: in the

tesla, as ceo elon musk goes on yet another twitter rant are the shorts getting the best of musk? we have the details and subscription-based stocks are soaring and we're not just talking netflix here we'll tell you which stocks traders say have more room to run on the fast-growing trend, but first we start off with the rally. the stocks serving into the close, the dow, s&p and nasdaq all closing near the highs of the day, but despite the rally there was a distinct defense to the action today in the last few week, in fact. check out the move with utility, reits and telecom all surging in the past month and the food stocks going crazy as we head into the trade wars, and the global slowdown is defense your best offense >> pete najarian, what do you say? >> i've never liked it and i've never subscribed to the whole idea >> you played defense. >> i did play defense and i'm a linebacker and that's 100% true. >> i don't like the idea if there are better reasons than just defensive reasons to go to any of the names that are out there that had unbelievable days today. i mean, one of the na

i think from the point of view of elon musk, he would say this is of elon musk, he would say this is important, this is what we have to do. on the other hand, you have workers who do not feel that way, who feel this is a pressure cooker. as tesla becomes a real car company, you would expect that they would start to mature. and the big question is the question that probably animates anyone who cares about this company is, can they do that, and how close are they to doing that? jason: and what is it about a car company that is different from other businesses? a rocket company, a tunnel digging company. what is it that has been so difficult here? what is it about cars? max: one thing we key in on is rockets can basically be manufactured by hand. there are machines, but this is something where the factory is putting out maybe dozens a year. it is really on fire. where someone like elon musk, who is famously a hands-on manager can literally probably go down the line and make sure things are ok. cars, when you are looking at a big manufacturer, you're talking about one car coming out every

has some of the glow faded from elon?re the markets looking at tesla a little bit different with these days? >> i don't think so. i think the reason for the muted 5000 caris that this milestone was kept secret. if you're reading his twitter feed closely, they were telegraphing this for about a week. i think that people knew they were going to hit it. there was some question of how they would do it. i don't think we know how they were going to do this milestone. this is a big moment for elon musk and tesla. also, b nichols in general. 5000 cars is nothing to sniff out. thank you both for joining us. coming up, what is old and new again. taking thel is company he built back to the public, next. if you like bloomberg news, check us out on the radio. this is bloomberg. brad: the world's largest private tech company is going public. dell is planning a return to the public markets by buying a tracking stock in a swap deal valued at $22 billion. michael dell preached the benefits of remaining private. >> as a privately controlle

as elon musk grows stronger, so do the controversies.witter that he's an still it is comments. he's getting criticized for campaign contributions after the self-proclaimed socialist gave $38,900 to a pact that supports. house republicans -- that supports house republicans. the one thing we left out is that tod to -- used the word pedo describe someone who were -- who was involved in the efforts paid this time, as elon musk aegon too far? >> i think this is a bad one. -- elon been known for musk has been known for picking fights. often he is not choosy about the fight. in this case, he picked a fight i think hady who been considered a hero. these divers who saved the boys on that soccer team had risked life and limb. there's something distasteful about making unfounded accusations but particularly at somebody at that moment. pattern and with musk come you have to take the good with the bad. this is somebody who is extremely hands-on, technical, unconventional in a lot of different ways. and that has led to a lot of amazing marketing. but

jason: elon musk has made a lot of promises. can he live up to them? carol: building a car turning out to be pretty tough. famously for the last year and a half had been kicking the can down the road on its goals for its model 3, which is the mass-market sedan. .> 35,000 the average >> selling price for a car in the u.s. is somewhere around $30,000. $35,000 for the base model. it is the least expensive tough love to have offered. there is a ton of demand for and yet tesla has not been able to produce these in the numbers that they wanted. that has led to this weird bifurcation which has happened, which you have tesla bulls who believe in this company and the electric car aficionados, and you have a lot of people in the auto industry saying this is crazy. they are losing tons of money, there is no hope to get this and everyone was looking at this 5000 car goal, which tesla managed to hit at the end of last month. >> this story really takes us inside what it is like at the company, which to say the least is a unique culture. >> yes. there were four repor

carol: we had news about elon musk planning to open a huge facility in china.cover story. joel: if you could take the theme of the year, i think the other most important business story of the year is elon musk and the model 3. everybody knows that elon musk is an entrepreneur. this is an incredible story. he met his match in the making of the midsize sedan. jason: this is a guy who was able to successfully launch multiple times into space, and yet what is really tripping him up is making a car. joel: a car, and it all boils down to this. it is a do or die moment to make this car. and he hit the numbers. 5000 per week. he got that. now he has many thousands more to make, potentially in china, at a time when tesla's burning through cash. on the horizon, we have a bunch of new entrants into the market -- electric vehicle market that will be coming out with electric cars. that wouldn't really be happening without elon musk. carol: up next, from arkansas to manhattan. how bank of the ozarks became one of america's top construction lenders. jason: and investors eye a

jason: not to elon musk, but to a woman behind elon who is making it all happen. max: gwynne shotwell is the coo and president of spacex. she has been one of the people closest to elon musk over the last 15 years or so. she is the person besides elon musk who is most responsible for turning this into something more than a wild set of dreams to colonize mars. jason: where did she come from? max: she is from the midwest, north of chicago. she started at chrysler and moved into the aerospace industry. musk founder in 2002 when there was not a lot there. it was like, we're going to make cheap rockets and make spaceflight cheaper and eventually get to mars. gwynne said, we will have to sell some of these rockets. she had to do this amazing thing which was convince nasa and some of the private telecom companies which by satellites and send them into space to trust a rocket company that had never launched a rocket. carroll: that is what is amazing. she got the meetings with the people that mattered. how did she do that? max: she said, you are trying to sell the team. the

forget the name elon musk.the ceo and saw what can only be described as irrational behavior, you have to believe that just doesn't stop with the tweeting? >> right. >> that it extends to how a company is managed >> a great example about that. in mid-june elon musk and rahm emanuel got up before a big group of press in the city of chicago and says the boring company, elon musk boring company, building a tunnel 18 miles from the tlowho to o'hare through residential neighborhoods do it in under three years begin this fall, cost only $1 billion and the boring company would pick up all the costs. each one of those statements is probably not true, i think and yet, you know, it got a lot of press it got, you know -- he's going to build a subway from -- the second avenue subway extension in new york city cost about $2 billion to make, and too many years. >> not done. >> right so he's just going to simply burrow through and a loop, a train that is 80% empty every day and yet people bought it unquestioning it. >> took th

you want elon musk to apologize. what exactly do you want him to apologize for?it's really this last tweet where the apology is necessary. we said, that really stood out as inappropriate. but the apology is a first step. what is the second and third step is taking maybe a sabbatical from twitter and also just focusing his energy on their mission which is a great mission. which is accelerating the globe and adoption in energy. that mission gets lost in everything going on. in his role, it's particularly important because tesla to date, doesn't do advertising. the potential consumers opinion of the company is being formulated by how he engages with twitter. which is not healthy at this point. emily: you're in an interesting position. as in analyst yourself you need tesla and you need elon musk to engage with you. have you heard from musk, have you heard from tesla since you published this? >> we have not heard from them. i am optimistic that he will read it. i'm not optimistic that we're going to get an apology. in other words, i'll be surprised if we get an apolog

you want elon musk to apologize. want him to apologize for?ink it's really this last where the apology is necessary. out asally stood inappropriate. but the apology is a first step. thirds the second and step is taking maybe a sabbatical from twitter and also focusing his energy on their mission which is a great mission. is accelerating the globe and adoption in energy. lost.ission gets in his role, it's particularly tesla to date,se advertising. potential consumers opinion of the company is being formulated engages with twitter. this is not healthy at point. emily: you're in an interesting position. need elonesla and you musk to engage with you. have you heard from musk, have tesla?rd from >> we have not heard from them. that he will read it. i'm not optimistic that we're get an apology. in other words, i'll be surprised if we get an apology. is going to slow down and i am willing to bet his behavior on twitter is going to change going forward. emily: how optimistic given you that what is happening in tent. how they are working to get product

is this board maybe too close to elon musk and so will they then look the other way >> yeah. they will, but it wasn't the board's duty the board's duty, their number one duty is to choose the ceo, right? so clearly, i think, as an investor, you want a ceo in the public response and he owns 19%, 20% of the company and he is the voice of vision and it might be a voting class share and it might as well be so for any investors that owns tesla, if you're not aware that elon musk can go off the rails and do whatever he wants, shame on you for not knowing that. you to accept that risk because the board is unlikely to be able to rein him in >> elon musk going on another twitter rant >> i think it's stepping down. >> yeah. >> exactly there's your answer, right >> that is entirely the answer i have to be consistent. it concerned me that tesla was making a series of lower highs and it was up today and not unlike netflix and you will retest the 280 level and you've seen the catalysts and they're talking about that 500,000 car a year factory in china in a couple of years and that's out th

the programme: one of the team who saved the thailand cave boys says he might sue the billionaire, elon musk, after a row about the rescue gets personal. and it's party time in paris, as hundreds of thousands of people turn out to welcome france's world cup winners home. live from our studios in singapore and london, this is bbc world news. it's newsday. it's 7am in singapore, midnight in london and 2am in helsinki, where the us president donald trump has held an unprecedented and controversial meeting with the russian president vladimir putin. mrtrump appeared to side with russia against his own security services, saying he had no reason to disbelieve mr putin's denial that moscow interfered in the 2016 presidential election. that's prompted alarm in washington, even among republicans. our north america editor jon sopel begins our coverage of the meeting from helsinki. as befitting two self—proclaimed strongmen, there was a power—play from the off. vladimir putin arriving almost rudely late into finland... it was a bit late... ..leaving donald trump kicking his heels for nearly an hour

elon musk tweeted on his birthday that he had spent the night in the factory. they cannot take a break, right? can they keep it going, is this the turnaround? >> you have to hope the way that elon musk has been living where it seems like he is up all night, sleeping in the factory. you have to hope he will take a day or two and just rest. all of these tesla employees, as ,ndicated that we published have been basically working nonstop. i think what they are doing now is unsustainable. on,hope is, as time goes they will be able to improve their robotic manufacturing and that will get them up to 5000 cars. the idea is to get the same production number without looking and feeling like you have been punched in the face every day, which is kind of what is happening. elon tweeted, or he emailed employees, we have just become a real car company. is ironic considering their market cap exceeds many traditional car companies like gm and ford. why did he write fast -- that? >> well, because this is a transformational car. it takes them from a niche car producer, initially

shopping list that elon musk wants to accomplishments close to $20 billion.s are both on the ability to actually hit the volume targets as well as the ability to pay for everything. vonnie: have you had a chance to read this amazing businessweek piece? it begins with all of those types of things. creditunt of debt and downgrades. some very to reveal troubling things like health and safety issues. are those things that you have been concentrating at all or problem for the carmaker going forward? in terms of those types of externalities they're certainly an issue around the edges. quality has been an issue we have been concerned about in terms of the availability of data for us to assess in terms of worker safety and potential unionization. those are all minor variables as part of our thesis of having an underweight rating on the stock. certainly the areas of concern the article highlighted but really just the nuts and bolts of manufacturing as the primary issue we have. this company was supposed to be a lights out fully automated company and they have not been

musk takes questions from analysts, as always, you never know exactly what elon is going to say. we'll be on that call and we'll have it for you next wednesday afternoon. melissa. >> phil, thank you remember last conference call elon musk, boring bone headed questions and refused to answer. that's going to be good. how do you play tesla into earnings. >> let's see what we can figure out. lots of opportunity, lots of risk here's a year to date chart. all over the place it has no character. some people think it's good and some bad let's put in some lines and see what we can see. so the first thing that i would point out -- sorry, wrong button, there we go. perfect. now what we know is that we have found this trend line three times but what i want to focus in on is this right here what we have done now is we have broken trend you can see that we are now for the first time below the trend line that is the problem and i think that's the set up for what is going to be a pretty good break in the down cycle. next chart, longer term, no lines, let's put the lines in. here we go there's th

bay area tech leader elon musk says he may have a solution and is sending help.e begin with elizabeth hur live in new york with the latest on the situation in thailand. elizabeth? >> reporter: well, the area officials announced today ideally they will bring the boys out the way they went in and they are hoping to begin that process this weekend. after being trapped for two weeks the race to rescue these 12 boys and their soccer coach more urgent than ever. >> they have forecast three or four days. so we have concerned about that. >> reporter: rescuers now rushing to save the group before an impending torrential storm, with oxygen inside the cave running out. authorities explaining due to the number of workers using the air supply inside the cave, the boys could soon run out of oxygen. the new concern following the death of a former thai navy seal overnight. he ran out of oxygen while trying to place air tanks along a possible air evacuation route for the team. the navy seals responding on facebook, today you get good rest, we will complete the mission for you. cr

we no he elon musk said the company doesn't need to do it. but keep in mind they had cash burn and liquidity rirns into the had second quarter and they did a lot of expansion for the model three. speaking of the model three where does it stand in terms of production and reservations? there are plenty of skeptics out there in tesla and there is one talking about that in his skepticism in th last couple of days it is noted short seller steve iceman. he is outshorting tesla shares he basically said he believes in a company with execution problems the stock has been hovering around $300 a share. it took a hit earlier in the week over concerns about whether or not it was pressuring suppliers because it's running low on cash. as always, the conference call amp the earnings on wednesday afternoon, that will be the main event so to speak when elon musk answer -- takes questions from analysts as always you never know exactly what elon is going to say we will be on the call and we'll have it for you next wednesday afternoon. melissa. >> all right phil

troubles for tesla especially after retreat from elon musk. >> elon musk latest tweet may have gone tooritish cave exploring dismissed to help rescue the boys soccer team trapped in the cave as a public relations stunt. the explorer was a and a treat on sunday. this is what he said. sorry, you really did ask for it. it is true. he has been duly did all of these trees. tesla is trading lower in the premarket. cheryl:.it fascinating that the stock to the head of all the things he's said and done on twitter, that is what they respond to. can you believe it. truth or famous breweries complain the help of artificial intelligence. >> one of the largest brewers in the world using artificial intelligence to make it even better by using advanced centers and analytics to predict flavorsome or quickly. their goal is to create a catalog of players for each sample bohol brewers be more efficient when researching case combination, which in turn will speed up the process, help you get to drinkers, maybe a little faster after the. cheryl: thank you very much. we've got a lot more coming up. a lob a bom

night while the guys are getting ready behind me here's what's coming up on the show >> announcer: elon musk has been trolling the tesla shorts hold on, they have a way to short the cost for no cost at all. plus >> tropical stohere's no place . there's no place like home >> announcer: actually the housing trade looks like this. but the chalk master says there is one stock in the space that's so bad it's good it's time to risk less and make more the action begins right now. >> let's look at bank stocks showing life the financials etf down 5% this year, lagging behind the broader markets. let's get into the money now dan, you think this move is a sign of more pain to come? >> yeah, i think it is absolutely disastrous price action if you thought the last two weeks in the bank stocks was bad, i think the pundit class, wall street analysts were really positive about this catalyst saying this was going save them, the under performance this year. but investors kept on selling into it. you got this pop on the opening. it seemed kind of weird to me that it wasn't able to hold and the fact that t

that is ne bloomberg.t, this is ♪ elon musk ♪ david: elon musk says tesla real company - to use are upand the car finally hit production targets for model three. joining us is craig, leading the overage for bloomberg news in detroit. finally he got there. elon musk overpromises but or later he delivers. . maybe. tesla was expecting to get to the target by the end of last year. should keep in mind that he's roughly six months late. being charitable. about two years ago, roughly. was talking about doing 100,000 to 200,000 model 3s by end of 2017. clearly this is a lower bar you know, was what musk was setting, leading up to model coming out. it is an important milestone for them to hit. important for them to do this on a routine basis, and for a push at more than the end of a quarter or that they can sustain. david: can they sustain it. had to build they a big tent. hey replaced the robots with people. can they sustain - can they it? d to sustain >> it will be interesting whps tent. e it was a hail mary, a strange move. think we had a story about manufacturing efforts saying . ying that

my view is you know what you get with elon musk.s a rainmaker literally one of the most well-recognized influential people in the world and he likes his thoughts to be heard and you mesa degree on some and disagree on others but listen there's a reason the stocks trading at a higher multiple than most stocks, because you're betting on him so i think that you've got to take the good with the bad. liz: stock is up today i want to get from public twitter fights to private phone conversations. papa john's founder was outed by a pr firm because he said on a phone call the conference call he used the "n" word and said racially divisive things and he apologized for it but he had to resign. he is saying now he regretted that. actually the stock is popping today because its been revealed i guess in the wall street journal that before he left, he had that conversations with wendy's about a possible merge so the stock is up 4.5% on that but he was forced out from a private phone conversation. >> so listen, i think when you are the founder and

what he's now accusing elon musk of doing. thunderstorms in southern california. we'll let you know how close this will get to the bay area in about nine minutes. shorter. as we first told you monday, wait times at the dmv are twice as long as >>> the lines are not getting any shorter.longs last year. some customers are going online to an independent website to avoid these long lines. what does the dmv think about this? >> reporter: the dmv is actually investigating this company and whether it is legal for them to do this. it was really painful here at the santa clara office. we talked to people who waited more than five hours. a lot of them told me they would pay for an independent service that could get them an appointment within two weeks. but they question why they can't do it themselves on the dmv website. major frustration at this dmv office in santa clara today for people waiting in lines out the door. >> it took me about four hours just to right now which is waiting for my number to get called. >> reporter: dmv blames the delays on the it's taking staff to

i love my tesla and i think elon musk has changed the world.e is good for the planet but i think he needs to be held for 10 -- two task when he is on twitter. joe: we will talk more about tesla in a little but one company i do not perceive there to be a lot of ill will towards that got covered his netflix. i'm curious how you think about them. this company, a massive leader in screen -- in screening, and everyone is trying to replicate. does tesla have -- sorry, does offlix have enough to hold all of these companies that will try and do the same thing? >> just bring the camera back, in january of 2017, $97 per share. got hammered to the drop of 350. since they only grew by the population of southern california, not the population of california, they get hammered. does netflix have a mode? at the end of the day, to be a $1 trillion firm or have the opportunity to, you effectively become an operating system for lives. facebook is for relationships, amazon is for retail, and what netflix has done is become the operating system for the second-most

emily: with all of the grand ambition that elon musk has been his company?is is something i have been thinking about, especially with the layoffs where they laid off 90% of the staff. if you are doing anything you can to look really good, that makes the future a lot harder to figure out. tesla has done really well getting people focus on the futures saying, yes, this is what we are doing now. we have this great new car coming out and it is harder to see how they are going to get to y, this compact suv, or some of these other far out things. you start to wonder that investors stop looking at this as a company that is all about the future and more like a company that is managing itself quarter to quarter, which is not what elon musk wants or envisioned. we will watch to see how these suppliers respond. max chafkin from "humbert businessweek," -- "bloomberg businessweek," thanks for weighing in. still firing on all quarters. shares rallied as much as 5% in late trading. take a listen to google ceo sundar pichai on this call talking about the cloud. sundar: i th

elon musk might be a crazy person, so i don't know if any of you have paid attention to him, he's got this insane burn rate of the company is on the brink of bankruptcy he was sleeping on the factory floor and tweeting at 3:00 in the morning and taking calls with shareholders so, putting all of your hope in richard branson, he's to host a game show on television or elon musk who may or may not be halfway insane isn't encouraging.>> one final question here, one audience member, could you ask tony to make the duck face again? all right, thank you for listening and i think we are about to have lunch. so, thank you. >> we will see you back here at 2:00 please take your personal items with you do not leave them here in the room. thank you. for confirmation hearings with president trump's nominees to leave the consumer financial reduction bureau, and the export, import. that is live at 10 am, eastern. friday, we take you to santa fe new mexico for the national governors -- governors association annual summer meeting. the governors discuss the future of technology, as well as attend workshop

elon musk tweeted about this.if everything goes well this could be placed on a plane 17-hour flight through thailand hopefully to help with rescue efforts. we know that four boys have been rescued. there are still 8 boys remaining and soccer coach. so hopefully something like this would work. heather: that's interesting. tracee: it would help them so they wouldn't have to be able to swim and placed in this and hopefully get them to safety much faster. heather: looks like it would work. let's switch gears completely. chick-fil-a. tracee: if you dress as cow, you dress like a cow, free entree and kids as well, you don't have to put a full cow costume but cow attire will work. so all chick-fil-a's nationwide from opening until 7:00 p.m. one day, heather, to get costumes together. heather: a lot will be wearing spots, for sure. i'm thinking about the elon musk idea. why they didn't get it to begin with. tracee: i hope it will work, they have to get testing done to make sure -- heather: i thought it was a helmet thing.

musk takes questions from analysts, as always, you never know exactly what elon is going to say. we'll be on that call and have it for you next wednesday afternoon. melissa? >> thank you, phil lebeau in chicago. remember the boring bone headed questions last conference call that will be good. how do you play tesla into earnings break it down. >> sure. let's see what we figure out a lot of opportunity a lot of risk. that's what the fun ones are here is a year-to-date chart all over the place, right? no character some people think it's good, some bad, it's chopping up everyone range bound put in lines and see what we can see. so the first thing that i would point out if we were to move forward here, sorry. i hit the wrong button perfect. beautiful trend line, right? what we know is we have found this trend line three times, but what i want to focus in on is this right here. what we've done now is we've broken trend you can see that we are now for the first time below the trend line that is the problem. i think that's the setup for what's going to be a pretty good break to the downs

look at this. >> elon miss must is a very, -- musk is a very very, smart man but there are very smart people in this world anding you have to execute. he's got execution problems. we'll see how his quarter goes. but he's negative cash flow, he's building cars in a tent. owes -- he's nowhere near autonomous driving and big competition is coming in his space yecks year -- next year. emily: joining me to discuss from colorado and new york. first, lay it all out for us. the bulls and the bears. what people are saying right now. >> so the big thing that's going on is elon musk sort of pulled out all the stops at the end of last month and hit this big milestone. 5,000 cars per week. which is really impressive. tesla is a mass manufacturer now which was the goal. the question, is how much money it did cost to do that? they did all these crazy things, including building this tent. so how bad is that going to effect tesla's bottom line? and then how sustainable is this? can they keep making these cars at this pace or even speed the pace up? despite all of the crazy things that they did to get

i'm jessica castro, abc 7 news and have a good weekend. >>> still to come, how elon musk is offeringith the rescue efforts in thailand. new this morning the search for this man. what police caught him doing on home security video. >>> plus the very pink thing you may notice in the water next week. to youidl comformb setting. does your bed do that? don't miss the 4th of july specials, with the last chance for final closeout savings on the queen c2 mattress. now only $599, save $300. it's the lowest price ever. ends sunday. visit sleepnumber.com for a store near you. are. >>> good morning east bay. let's get up and get going. >> this is abc 7 mornings. >>> it's half past the hour on this saturday morning. thanks so much for being with us. i'm chris nguyen. we're off to a mild start across the bay area. here's frances dinglasan. >> good morning. clouds right now mainly confined to the coast. they are starting to spill in through parts of the north bay as you can see here with live doppler 7 and the satellite image and you see the low clouds there just peeking up over the hills behind sa

. >> let's talk elon musk as well, phil the stock was down 7% on this report elon musk has taken to twitter once again, lashing out at both reporters and analysts remember not too long ago, he warned short sellers about their shorts exploding the stock is actually down pretty significantly since that tweet. >> right we've seen this. >> yeah. >> this is not new from elon musk if he feels that his company is not being portrayed accurately, he will go after the media publications, tv programs, networks, whatever it is if he feels that it's not being accurately portrayed, his company is not being accurately portrayed, he will go on the offensive. and that flares up, especially on twitter he will put it out there on twitter. then you have people coming out and saying, is this true why aren't you -- guy guys reporting this about tesla we should point out we have repeatedly asked tesla and their pr representatives to have elon musk come on our air this say regular q if there's something being inaccurately portrayed or is wrong, by any means, call in today we would be happy to put you on the air. a

the tweet sent out to elon musk‘s 22 million followers has now been deleted but he still says is planningo send his submarine to the now empty cave just to prove it could be done. mr unsworth has previously said the billionaire can stick his submarine where it hurts. the boys, continuing the recovery in

that led to a burst of work between the rescue team and elon mosque.air musk behaved with complete professionalism and integrity. later, cave diver criticize elon mosque, unfairly my view, to exploit the situation for pr benefit. in response, musk did what anybody would do. used his massive twitter platform to accuse him of being a pedophile. as far as i'm concerned that is literally the worst thing you can say about someone. tweeting, sorry pat okay you really . was this just a blow to the head? after the outrage musk did not back down, he double down, again saying assign a dollar it's true. eventually after's shareholders told him to issue a an apology which still included an attack. his actions against musk, actions against you, this is just a regular caving guy, you're billionaire, one of most famous people in the world with a string of celebrity wives and girlfriends and 20 million followers. i hope they shower him in taxpayer subsidies. reportedly $5 billion worth. it comes with a federal government subsidy. tata further taxpayers in certain stat

max: the argument that elon what's -- elon musk will make is we are in a manner can -- are an american manufacturer and we are u.s..that and the part of being a manufacturer is doing a globally. the situation is so volatile and this stuff is happening so far out is hard to know how it will play out. china changed the rules for automakers recently allowing people to operate factories on their own. you can imagine that changing and scrambling tesla's plans. is other thing is, this another thing of the factory that has low already runs in fremont, california. that factory is famously having problems. they have been struggling to get it up to capacity. tesla believe they will get their, and they will do this in china. there is a ton of unknowns. emily: ivan, there are a lot of unanswered questions as max said, what more do you want to hear from elon musk? ? ivan: he has a hard time with timetables but he gets it done. he has developed an incredibly successful car and incredibly successful company. the demand for the car exceeds his ability to produce them. that is a good problem to have. i

then, you had elon musk coming out and apologizing in a tweet.ound up having elon -- monster yesterday on bloomberg television and he double down and said dude, you have to get it together. >> what needs to stop is just ignore the shorts. you're going to lose that battle. focus on the production side. i think anything out of bounds like we saw more recently clearly, that is the stuff that needs to stop. he can tweak all he wants to about the things they are doing to improve the production, albeit if it is focused on the right piece of really advancing the mission. think elon musk is changing his tune or is this just a temporary almost trumpian walked back? lisa: it is funny that you say trumpian. there were so many parallels between the two yesterday. elon musk coming out. it definitely had the feeling of handlers saying whoa, guys. take a step back. relax. this is what you will read, this is what you will tweet. this will be your external persona. the question is, is that going to be something elon musk can continue or is it just going to be a o

. >>> elon musk gets in on the rescue effort that's trapped the soccer team in thailand. i've never been in one of these before, even though geico has been- ohhh. ooh ohh here we go, here we go. you got cut off there, what were you saying? oooo. oh no no. maybe that geico has been proudly serving the military for over 75 years? is that what you wanted to say? mhmmm. i have to say, you seemed a lot chattier on tv. geico. proudly serving the military for over 75 years. you ok back there, buddy? so try febreze one. with no aerosols and no heavy perfumes. so you can spray and stay. febreze one. that's a mini-wheat. delicious. but it's more than that. 10 layers of crunchy wheat to fill you up on big days. whether your day involves steam, mountains, or whoa... fire, we've got your breakfast right here. is your breakfast built for big days? we've got your breakfast right here. in the water, in the water, you ready for this? she doesn't like it... you've gotta get in there. okay. careful not to get it in her eyes. i know, i know what a bath is... smile honey. this thing is like..