musk is having spectacular success elon musk is having spectacular success after elon musk is having success after success. how elon musk is having spectacular success after success. how has it happened that space exploration has moved these private companies when we all grew up with stories of national space programmes, russian and american? itjust made sense. i know people had expectations but i think they we re expectations but i think they were unrealistic expectations backin were unrealistic expectations back in the late 60s, we landed on the moon in 1969 and figured we would be on mars next, but it was really expensive, really dangerous, and it takes a lot of technological buildup to make these things possible, and commercial interest has really accelerated that, so we are at accelerated that, so we are at a point now where instead of governments giving money to military contractors to get us into space, business to business is now making money, seeing that it is profitable and that is what is driving innovation. what is the most impressive innovation you have seen from these c

vonnie: how much is elon musk exposed to risk?s there a danger that if he were to change his priorities, or become less involved with tesla for some reason, that the stock wouldn't be performing like this? >> i think a big part of tesla and the valuation is based off future growth, and a lot of it is attributable to elon musk and what he created for the world of electric vehicles or essentially space travel, a role that is solar. creating electrified transportation systems, he's absolutely a key part of the story. without him, clearly he would have to pick an incredible successor with a similar vision. there's not a lot of elon musks in the world. i hope it doesn't come to that. vonnie: i have to ask you about the move to texas. obviously it caused a lot of ripples and i'm curious, will other companies now be more inclined to make moves given that elon musk has announced this? what does it mean for the future of tesla? >> i don't know how much it means for the future of tesla. it means a lot for the future of the united states whe

governor abbott is on the phone. >> glad to be with you >> it was tesla's cyber truck factory and elon musk is moving to texas what are you doing a lot of tax breaks? >> this is big news, but you talked about elon musk and tesla, we just had the announcement about hewlitt packard enterprise -- also -- formal opening of the charles schwab headquarters moved to the dallas area. this has turned into a tidal wave for some they have had operations here and enjoyed them there was a campus in austin texas for several years. zephyr and i have had a good relationship, but moving headquarters is more than one relationship they are looking for a state that gives them the independence, autonomy and freedom to make their own choices, those are words used by people like elon musk. he and i talk on a weekly basis. he loves the freedom whether tesla or spacex. >> i'm sure he loves the lower tax rate as well i spoke to governor new sosom of california and asked if he was worried about elon musk leaving, and he said not at all are you on the phone courting other silicon valley businesses? >> weekly. the

elon speaks. wearing his mask of choice, a black bandanna, the tesla ceo, now second richest man in the world, granted his first interview in ages less than an hour ago to the "wall street journal" ceo council and matt murray. he dropped this bomb about a change of address coming. >> for myself, yes. i have moved to texas. we've got the starship development in south texas where i am right now. we hope we can do a launch later today. and we've got big factory development just outside of austin. liz: he also said, though, that his tesla and spacex factories will remain in california. he said that's really important. he said california's great but he did indicate that regulations, both statewide and on the federal level, can really destroy the opportunity america has always given to entrepreneurs who start up companies. he said that sometimes governments coddle monopolies. >> after that, it would be ensuring there are not artificial monopolies, that there is a fertile ground for startups and -- becau

emily: elon musk has announced that he has moved to texas.know that tesla has big plans in texas. tell us what you know. ed: at the height of the pandemic earlier this year, elon musk was very critical of authorities in california, in the bay area and more broadly, over the handling of the coronavirus and restrictions they put in place on tesla. at the same time, tesla has big plans. the austin plant is where they will build the model y and cybertruck. we know that elon musk is a very hands-on manager. we hear that all the time. he micromanages. he makes decisions himself. he likes to be where the action is. he spends his entire life on his private jet going back and forth between shanghai. he wants to be in the thick of it. he wants to be near spacex, where spacex is working on its starship, and that is another area where elon musk is very hands-on as well. that is a big part of the reasoning. he speaks very affectionately about texas and he has confirmed today that that is where he has moved to. emily: so what are you watching as we approac

it seems to be a different elon musk these days.hink he is fundamentally the same person, i just think that 2018 was really a tight wire act. there were a lot of questions about what was going on in 2018 and the drama of that year was really sort of unparalleled, but this year it is different. they have had five consecutive quarters of profit, potentially six. they have entered the s&p 500. the share price is high. they had no problems raising capital. they have cash on their balance sheet. you are seeing more and more people buying their cars, not just in california but other parts of the country. you know, his board is more diverse, and they are able to pay off their debt. they are in a less precarious position. there were always be risks for the business going forward. they are doing gutsy things, they will try to make their own just the, but i think larger trade is that electric vehicles are here to stay. now, every other automaker is raising a catch-up with tesla. after doubting them for so many years, people are recognizing th

vonnie: it certainly piced elon musk's interest, -- -- piqued elon musk's interest.ded to somebody in a chatter about batteries and then his second tweet was that during the darkest days of the model three program, i reached out to tim cook to discuss the possibility of apple acquiring tesla, he refused to take the meeting. so on the one hand, it says just that. that there was an effort on the part of elon musk to have tim cook get interested in tesla. but it's not any clearer from this tweet whether elon musk would be open to a partnership or even acquisition of some kind now, right? this is all in the past. reporter: yeah, i mean, today apple definitely can't afford tesla. not sure who can afford it, right? with over $603 billion i think at this point market cap. but back then at $60 billion, imagine apple using 1/5 or 1/6 of its cash reserves on what tesla has become today. i mean, i think if apple was to go back in time and know what tesla would turn out to today, they definitely would have taken that meeting. so it might have been a little shortsighted on the pa

i suspect elon musk is having fun. the meeting may or may not have taken place. call may have taken place, but i think this is definitely getting some attention, and elon musk is enjoying this. kailey: this comes after reports that apple is looking to get into ev, and there have been talks especially over van ives who said it would be a golden partnership for the next decade if apple were to partner with the last of tesla. but man, if this is real, if elon musk is not just tooting his horn, tesla is worth 10 times the amount that it was back then. missed opportunity. 2020 hindsight capital is a great place to work, but it is hard to make those calls at the time. he admitted that tesla was having massive problems and huge production bottlenecks and was finding life difficult. you have to bear that in mind in terms of what is happening. i don't think many people would have predicted that tesla would have been worth the value it is now. i think it is tough to pour cold water on tim cook at this point. kailey: this is not the only time in history it happened. locke b

. >> bill: here's elon musk moving to texas.aas been winning too long, they do tend to get a little come play sent, a little entitled and they don't win the championship anymore. california has been winning a long time. and i think they're taking it for granted. >> bill: people might pay attention to that. do you think? >> according to elon musk, they took him for advantage, too. in the spring, gavin newsome, the governor, said he doesn't expect elon musk will move. he has. he still has a big factory in fremont that employs 10,000 californians that won't move out soon. but the fact that elon musk is taking his brains, his experimental centers, the ones that create these new machines out of which whole industries are created, which employ tens and hundreds of thousands of people, that is the way this nation is developed. that is his ideas develop. that is all moving to texas. that means the future looks bleak for what elon musk is doing in california. it's not just tesla. hewlett-packard is moving. usually in blue states. new yor

elon musk has got his act together. there is huge growth in china.you think of an electric vehicle, i'm not thinking of any of the other competitors, i'm thinking tesla. it's actually a good product. and it's first in. once you are first in, you've got some running room and the market is valuing it on its future, not on the past. take your pick. that's both the bull and the bear scenario. we should point out that elon musk has proven the bears unbelievably wrong in the last couple years. he's been through a lot of stuff. as you know, he had a brush with the s.e.c. for saying he was going to take the company private. he didn't. he set a price at $420 a share. it's triple that or something close to that right now. remember, the stock price now is a split adjusted stock price. it doesn't -- the 420 was before the stock split. so there's your bull and bear scenario. i can tell you that, you know, he's expanding -- i heard the china expansion is pretty amazing. the company is talking that up, when analysts and bankers, as they probably should, they think

it's now the sixth largest company in all the world according to forbes, tesla's ceo, elon musk, is now second richest person on the planet, behind only amazon's jeff bezos jay leno will join us in a moment to talk about how musk and tesla are changing the car industry we hear he knows a thing or two. >>> but first, a look in how in less than 20 years, tesla became an automotive giant. >> tesla. >> tesla. >> tesla. >> everybody is talking about the world's most valuable automaker. the company's stock value soaring. in just 17 years it's already worth more than ford, gm and fiat chrysler combined changing the game in the electric vehicle market. it's edgy, environmentally friendly, and for some, a status symbol so how did tesla become an automotive giant three big reasons says cnbc's phil lebeau. >> first of all, it has bet completely on electric veechbtle it has not stuck a toe in, it has jumped in full force and it has been successful with that. >> the company skipped hybrids and started rolling out fully electric vehicles in large numbers starting in 2013 the model 3, a huge success.

if that's the point that elon musk is making i'm in 100% agreement. smarts" are more valuable than what you learn in a book. connell: when you think about it, elon musk is a good example of this, so many others, when we do stories, have discussions about how does the united states compete with china, the advantage always has been our ability to innovate. people like elon musk, creative people in the world, most of them live here, i wonder if that will always be the case? >> you know, one of the things that makes america i think a special place, one of the reasons i don't believe that china is going to overtake us in these technology industries and these new frontiers of the economy is precisely because we are innovators, we are entrepreneurs. so many of those people who start great businesses, elon musk is a great example are, immigrants who came to this country in some cases with only the shirt on their back. you think of some of the great companies in silicon valley, connell. connell, think about those great companies from google to spacex were foun

i have said for years do not short elon musk. everybody likes the car. the ceo, and they like the stock. those are powerful forces, whether they logically make sense or not. not everything in finance is as logical as it should be. and now you have it as part of the s&p which took some time to add. it inhought about adding september and now they added it a few months later where the market value increased significantly from that point. shery: then the question is should this be the right point in time when you enter this stock and start buying it? we have seen in the past other examples of companies that have been included, take berkshire hathaway for example. the largest, it was company added and then we saw them underperform in the following year. are we going to see something similar given the expectations that have already been priced in? ivan: that is a risk. that is an issue. sometimes stocks correct by not going downward but going sideways. i'm very bullish for 2021 and u.s. stock market and there's been a lot of enthusiasm and a big run-up in tesl

can you imagine the distraction that would result from bringing elon musk around that time period, andhat's when he was twitter nuts, he was tweeting all kinds of things. can you imagine apple bringing that kind of a personality into the company during that time i mean, they couldn't afford to do that. no way >> jon, i'm totally with you on this one i think there are a couple of factors at play here, but what's really notable is that apple does not make major acquisitions they just don't. they bought beats but that's really it in the acquisition department it would have been really unusual to consider an acquisition of that size then you have the cultural differences between tesla, which is a technology company, but has a very different culture from apple. and the fact that this would be really weird for him to have taken this meeting without having a real intent to have a serious conversation about it. i think if he had taken the meeting it would have sparked so many rumors and so much speculation, you can imagine tim cook wanting to play this one very, very carefully >> yes, yes inde

elon musk is surprising.s comes out with something surprising if you just take a look at the tesla chart, so much volatility, especially in the past couple of months since september but such massive gains for the year and i think it's really interesting, carl, as you look at the entirety of everything that elon musk has innovated, whether it's the solar panel technology that we rarely even talk about, to his leading role in the ev cars and the fact that there's now this whole industry trying to chase tesla, you never know what's going to comeout o his mouth. and i have to say that we have to remember, he has talked about getting people on mars for many years now. i remember years ago he said he was going to have people on mars in 2020 and then 2024. he keeps on pushing it out 2026 is not so far away. >> yeah, it's going to be interesting. i think, jon, the factthink, th on cost does speak to the fact that 35 ev models are slated to come out from a bunch of different companies next year. so, the competitive pi

musk habia advertido qu esta maniobra tenia solo 30 p c porciento de exito >> elon musk de todas formacerebro esteo. >> hoy conocemos los nombres de 4 candidatos a ser el personaje del aÑo >> trudonald trump y biden son d ellos. >> lebron james kjay el gtuprups >> vamos a una pausa y volvemos >> horas de intensos labores. un niÑo es rescatado con vida des u despues de caer a un poszo despues de caer a un poszo >> ya estas fiestas, obtén nuestros mejores teléfonos con verizon 5g. cámbiate y ahorra $700 en el samsung galaxy s20+ 5g. y ahora obtén otro por nuestra cuenta. el mejor regalo es el que nos conecta más con la familia. ¿cómo están todos? además, nuestros planes unlimited incluyen lo mejor del entretenimiento. disney+, hulu, espn+ y ahora el mejor gaming también por nuestra cuenta. este es el 5g de la red en la que más gente confía. regala el 5g que todos estaban esperando. solo en verizon. en target, ordena hoy, recibelo hoy. solo usa entrega el mismo día o drive up de target. ordena comida, regalos, y más. es la forma más rápida para recibir lo que necesitas, hoy. en target. el

interesting comments from elon musk this afternoon.ack to you. >> very interesting, as always, phil lebeau thanks for bringing those comments tesla stock of course was lower at the open today by a couple of%. it is up half a percent as we speak. >>> we are awaiting pricing for doordash's ipo set to cross after the bell and new comments from wells fargo's ceo on stimulus and economic recovery when we take you inside the market zone that's next with all three of the major indices just higher with 18 minutes leif i felt like... ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪ but we are hoping things will pick up by q3. yeah...uh... boss: doug? sorry about that. umm...what...its...um... boss: you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help y

even elon musk himself tweeted at me. make sure to follow me on twitter, snap, et cetera.heck it out. i will reveal soon whether i take the ev plunge for my next car. i'm in a hybrid right now. my lease is up. we shall see. "the claman countdown" will be right back. 28 minutes away. rich gelfond of imax, next. medicine cabinet! less sick days! cold coming on? zicam® is clinically proven to shorten colds! highly recommend it! zifans love zicam's unique zinc formula. it shortens colds! zicam zinc that cold! there's an art to listening. it's the ability to hear more than what's being said. to understand the meaning in every pause. and to be able to offer the answers that make someone feel truly heard. i understand, let's get started. that's what you get when you talk to a dell technologies advisor. to all the businesses make it through 2020... thank you for going the extra mile... and for the extra pump of caramel. thank you for the good food... and the good karma. thank you for all the deliveries... especially this one. you've reminded us that no matter what, we can always f

an experimental rocket belonging to elon musk‘s spacex company explodes while attempting to land during test. and the show must go on. on the road — how creative performers are taking their musicals to the nation's doorsteps. we have a very busy programme for you. a meeting in brussels between boris johnson and the president of the european commission, ursula von der leyen, has failed to break the deadlock in talks on a post—brexit trade deal. both have agreed talks on a deal will continue until sunday, when a firm decision will be made. but our political correspondent jessica parker, says the odds don't look good. they met, a quick photo, masks off and on again. then, down to business. three hours of talks over a three course meal. in the end, big gaps remained. there was a good discussion, but there was no clear movement in the right direction. she described the conversation as lively, downing street, as frank, but the negotiations that had stalled are now back on. david frost for the uk and michel barnierfor the on. david frost for the uk and michel barnier for the eu, on. david fros

elon musk making it clear he will be spending his time, and his residence is now in texas. >> thanks that not just on elon musk, but tesla >> last year tesla was worth about $5 billion it closed around 606 billion leading to year-to-date gains of 677% and one-year returns of 867% do you want to buy tesla >> this is an absolute freight train g train. beg gun to my head, i am buying it, certainly not shorting it. >> karen, you said that you wouldn't be surprised if tesla didn't sell some stock $5 billion, it turns out to be less than 1% of its market value. is this tesla stock one you would want to own ahead of its inclusion in the s&p 500 >> just the idea that this is a drop in the bucket, and the idea of them being able to raise it like that. i didn't like it points ago, but they are doing the right thing to fulfill that giant bid. good for them. >> big deal for them, $5 billion almost a drop in a bucket. >>> coming up, shares of chewy, company on the move after the company's latest report. investors chasing their tails -- see what we did there. and what you shoulexctd pe from restor

elon musk has done an amazing job at lowering the access to space, the cost of the access to space.as brought it down to $2000 a kilogram, a factor of ten, that's amazing right there, strictly by innovation and using capitalistic ideas to make more efficient launches, that's very impressive. let's look at space tourism, it began a few years back with billionaires, potentially millionaires next, and my most important question is when are you and i going to get to go 7 i think it is close. it's billionaires to millionaires and now the rest of us may be. virgin galactic might give us a taste of space, and i think something else very exciting coming down the line, in this decade, probably within a couple of years, are these expandable habitats being built now by bigalow airspace, another billionaire, and he is offering an expandable habitats floating around in space by itself that you can rent for 60 days for $60 million. twenty—one migrant workers who were being exploited at a second hand clothing business in southern spain, have been freed. police found the vulnerable workers hidden b

elon musk is a very hands-on manager. .e hear that all the time he likes to be where the action is.eends his entire traveling on his private jet to shanghai. he wants to be in the thick of it. where spacex is working on its starship, and that is another area where elon musk is very hands-on as well. he speaks very affectionately about texas and he has confirmed today that that is where he has moved to. emily: what are you looking at today with tesla's inclusion in the -- >> he has told his staff to cut costs, focus on pennypinching. things we have been waiting on .or years then there is this growth story. there are questions of whether tesla can pull it off and build ins factory in austin, germany. volkswagen delivering 10 million vehicles per year. it is the leader, the incumbent and electric vehicles. but we know that growth is top-of-the-line for musk as they approach the next 12 months. much forank you so your reporting. coming up, the market is looking at some major ipos this week. we will look at doordash and 'sat to expect out of tomorrow expected listing. this is bloomberg.

. >>> bitcoin clawing its way towards 25,000, and now elon musk hinting he might want in on the action with advice from another billionaire. >>> and only three and a half trading days this week but a big list of events that could impact your money will be naughty or will it be nice we'll get you ready for it all it's monday, december 21st this is "worldwide exchange. ♪ >>> good morning and welcome from wherever in the world you may be watching. i'm brian sullivan thank you for joining us on a busy holiday-shortened week. dow futures off 300 points nasdaq futures off about the same on a percentage basis this could be a volatile shortened week thursday is a half day of trading. equities close at 1:00 overall it's been so far a great month for stocks the russell 2000 coming off its best month ever. it's up 8% so far in december. however we are seeing futures down sizably now let's eyeball the hottest of the hot asset classes, that's the cryptos. we are seeing bitcoin move slightly higher right now once again. the big moves are in europe. many stocks there are being slammed. the index as w

you know, kristin, we saw elon musk talk about it.on founder, they moved to colorado. but it was the same sort of thing. this sort of arrogance in silicon valley i think has made san francisco unliveable and not just for billionaires. ironically more so for just regular folks. >> yes, that is exactly right. people were already fleeing these big cities and blue states prior to this year but 2020 has really accelerated that trend of people able to work from home. taxes and regulations i would argue are the biggest piece of this puzzle, charles. but quality of life is critical as well. public schools are failing in many of these big cities. the cost of living is exorbitant. the push is to defund the police and ease up on prosecutions meant crime, violent crime is skyrocketing. meanwhile government officials have shown flagrant disregard for their citizens, shutting down businesses and schools often with no warning, no data to back up those orders. unless the public officials in these cities and states turn things around fast, this trend

what elon musk says says tesla, then i will say tesla.rview with joe rogan and he said tesla and i like the car. one more if i've got time. i believe that the business and venues will make the vaccine mandatory. will they force people to get it? my question is, how are you going to know? how will you know who has had it or hasn't had it that you can then hang out with? final note, my full length film "things i wish i knew before i started talking" has been released and it's available on digital platforms everywhere, wherever you watch movies, and i hope you'll check it out. that does it for me. enjoy your weekend. see you next week. >>> good saturday morning to you. it's december 12th. i'm victor blackwell. >> good morning, everyone, i'm amara walker in for christi paul and you're in the "cnn newsroom." >> just minutes ago the fda explained their decision to issue an emergency use authorization for pfizer and biontech's coronavirus vaccine. >> the fda commissioner says the u.s. government is already working to distribute doses and reassur

and i think right now, but it also comes down to there's only one tesla and one elon musk. there are other technology companies, they're going to go through some hurdles and they've gone through us successfully if we look at what nikola is trying to do here. it's a huge vision they might have to scale that down there could be promise going into next year or two, but for us i continue to think more bad news first ahead of good news. that's why we continue to have a sell rating here, more cautious, ev, tesla and others continue to be our play rather than a nikola. >> we want to point out that tesla actually positive right now, up about 0.50 but still down 7% for its first week in the s&p. >>> still ahead, speaking of tesla, the ceo of microstrategy trying to convince elon musk over twitter to join him in going all in on bitcoin. converting his cash balance sheet to crypto. do companies really do that? >>> energy, the best performing sector today oil up 3%. heads back to $50 a barrel we'll tell you what's driving those gains. i made a business out of my passion. i mean, who do

i have been wrong on elon musk and tesla-- not on a line-- not on elon musk, but on tesla.ultiple, 10 times what the market is. i get tesla and elon musk especially the $25000 car that was to come out in a few years but i just don't get the valuation of the stock here is the one who is the greater innovator with more impact on society, steve jobs, the iphone or it elon musk and tesla that electric car etc.? >> i think it elon musk compared to only say thomas edison who was a guy that could bring great ideas. you know nicholas tesla could not bring those idea to market. jobs could do it, edison could do it and i think elon musk, the far best in our country's history. stuart: you are on board with tesla surging even from here? >> yes. elon musk came out-- you never know what he will come up with. i don't think the stock -- people have gone broke shorting elon musk mosque. i just don't like the current valuation. general motors serves a lower multiple-- [inaudible] stuart: that's interesting stuff. elon musk more important than steve jobs. thank you. the market is now open. we

elon that's his traditional shtick.o you think that the company needs to get some religion and that he needs to be acting more corporate, more buttoned up? >> yeah, i mean, to some extent elon will always be elon i think what you are starting to see in permission of profitability, the red ink is the mirror. as they build out, focus on distribution and the cyber truck, but no doubt i mean there is much more focus on tesla and more to gain and more to lose especially part of the s&p now, bitcoin, that continues to be a folk us in terms of that back and forth with micro strategy i think some investors were not too happy about that today. >> year to date, though, stock up $676. a stunning chart dan ives here on "closing bell." >>> let's get back to ylan moi for the latest on the stimulus bill where the not often mentioned rules committee is having its day in the sun. what's going on? >> that's right. the house rules competent committee has sent the combined covid relief bill and government funding bill to the floor where we

carley: elon musk officially leaves california for texas. joins us, the tech exec, his former friends in silicon valley. >> reporter: elon musk confirming, he is tweeting one of his rockets with the caption out on the pad in south texas which he compared california to a sports team that got complacent saying california has been winning for a long time and are taking it for granted a little bit referring to the high tax high relation golden state where tesla -- but also moved his foundation to texas and space x have large presences in the lone star state. joe concha joins us. >> why wouldn't you want to stay in california. you have high taxes, wildfires, earthquakes, traffic, smog, no seasons except oscar enemy season, pollution, poor education system. >> in texas you get good barbecue, music and southern hospitality. carley: at home covid-19 tests being offered at walmart. >> reporter: at home covid-19 tests online. a nasal swab or a saliva sample. standard shipping depending on what you pay, you have to compete an online survey but the next

elon shrugged, that is the memo.california resident and comedian adam corolla, made this fine point about musk's move. student i just heard today elon musk was moving to texas. the smartest plan chemin on on the planet has decided to move away from the dumbest governor in the united states. so when the smartest guy in the world says i am moving, what does that say to the rest of us? before i will move to. so what did the billionaires move save the rest of us living in tax places, the party panel has returned, match welch, richard fowler, and jason chaffetz. jason i will let you take first crack of musk's move. it's a side of a reader exodus away from the golden state and other states it overtaxed the residence? california's been the biggest aid in the union since the 60s one is born their way back when, it won't be by 2045 at this rate, this pre-pandemic rate texas will outgrow it, california. that it's crazy. california group to have to for a half times the rate of united states of america. the united states is a gr

an experimental rocket belonging to elon musk's spacex company has exploded while attempting to landstarship rocket was being tested as part of theomny's plans to carry human and cargo to the moon and mars. no one was on board. >> it looks like a scene from a hollywood blockbuster. but this fiery spectacle was not plned. it is the crash landing of the lateste prototype of acex starship. >> 2, 1, 0. >> codenamed>> as an eight, it was the first attempt at a high lialtitudet test. early on, it was smooth sailing for the unaccrued mission. it lifted offheromacility in texas on a brief flight to justver 40,000 feet, achieving much of what it set out to do includ after a flip back intoal the vertosition for touchdown, things went a little awry. it might not look like it, but according to spacex ceo elon musk, the flight was a success, congratulating his team, saying we got all the data we needed. his sights firmly set tweeting, mare we come. laura: luckily no one was on board. before we go, itas been quite the year of politics in washington with divissan and eement around every corner. the

it is whatever they want to believe elon musk is touting.ld point out that tesla has not made any money selling cars. whatever profit they have shown has been very low. for all of this, for all of their market leadership and selling $50,000 on average cars, they are still not making any money doing it. >> have you ever met elon musk? >> i have never met elon musk. >> have you ever had a conversation with him? >> i have never had a conversation with them. >> what would you say to him? >> i would say, job well done so far. >> you announced your tesla short back in the fall of 2015. all your shorts are capped at 5%. >> we are not max short only because -- we are still short. there are so many other things to do, including in the ev space, that we found lots of other things that are even crazier than tesla. we still do have a position and it has been painful, clearly. for the first four years of those five years, it was not about short. it went sideways while the market went up. those are the kinds of shorts in a bull market that you hope for. b

he insists he is not finished yet but it would tell elon musk it is a job well done. rishaad: going to market action. we are seeing some cautious optimism. let's start off with a look at was going on in tokyo. the yenin tandem with that is strangling. the dollar has been weakening. -- the yen is strengthening. the dollar has been weakening. there is normally this correlation that does take place. the hang seng flat. shanghai comp a bit lower. we have u.s. intelligence he saying china is the greatest threat to democracy worldwide. the u.s. -- the bloomberg u.s. dollar index. crude getting a lift after an opec agreement that came through. they're going to be keeping curbs in place in terms of production but we could see on a month by month basis some of those curbs being removed. agrees to ease cuts more gradually. gold about 1/10 of 1% lower. bitcoin using some of its sheen and declining's extensive 1%. with all that in mind, let's find out what is happening in new york. karina: we start with the news on pfizer. it slumped on reported may ship only half of the vaccines

jeff bezos and elon musk have their own funding.ot to look forward to, guy collins, bloomberg quick take. happy new year to you. this is bloomberg. ♪ ritika: get the biggest business stories and news right now. i am ritika gupta. dashers headed for its best year in decades. this follows benefits from interest rates and indicated interest rates will stay near zero through next year. traffic in the u.s. and [indiscernible] that's according to bloomberg's analysis of mobile phone location tract. department stores and closing stores had the biggest drop, down 26%, and meanwhile, all the was up 26%, the biggest increase. 26%, the biggest increase. have a happy new year. alix: a whole lot of nothing happening on this new year's eve. flat for the s&p, dow off by 1/10 of -- .1%, nasdaq off by .3%. volume is down, pitiful, versus the 10 day moving average. still, 43% gain for the nasdaq is so far this year. so putting a little bit there in two perspective. also, wanted to hit on what is happening within the markets. still want to tune in to

we had elon musk replying to a tweet about apple's batteries and what might actually happen. do you say that a partnership between the two might still be possible? >> my opinion for apple to dive ,nto the deep end of the pool it is likely to do a partnership or collaboration. and vw are two top candidates. this is a trillion dollar market . it is something were apple is not going to be on the outside looking in. they are going to get into evs. i did not see them producing their own automobiles over the coming years. initially it starts with a partnership. i view apple and tesla as the perfect match. vonnie: how do you view elon musk's response to a tweet saying he had approached tim cook who had not even taken a meeting when tesla was a 10th of the price it is now? >> i think it was a different story. 13,go back to do thousand 2014, i do 2013, believe in terms of apple, they have to pick the right partner in collaboration. tesla right now in terms of the ev market, it is tesla's world and everybody else is paying rent. it is only 3% over automobiles. you arewhy right now, goi

even elon musk tweeted this is the real thing.ast boston dynamics rattled the web with two and four legged robots that can walk upstairs, jump and even open doors. >>> on "the cbs moneywatch," the census will miss a big deadline today. and peloton is offering some exclusive song remixes. naomi ruchim is here in new york with that and more. good morning. >> good morning to you. wall street is open for a full day of trading today. the last day of 2020. the major u.s. stock indexes are set to end the year at or near record highs. yesterday the dow gained 73 points, the nasdaq added 19, and the s&p 500 rose by five. >>> it appears the census will miss its year end deadline for the first time in 40 years. it is supposed to hand in numbers used to help divvy up congressional seats. but the delay could also jeopardize president trump's plan to exclude undocumented immigrants from the count. the bureau plans to deliver the population count of each state early next year, possibly after president-elect biden takes office. the census process

and tesla is down on its first day in the s&p 500 and why is elon musk tweeting all-in on bitcoin. i thought this was the beginning of christmas shopping for me who is going to come out on top and how much will last-minute stimulus checks potentially help "power lunch" starts right now >>> welcome to "power lunch, as tyler mentioned, moderna vaccine providing a shot in the arm for stocks let's start with mike santoli. >> an overnight scare related to the new strain related to the coronavirus overseas but maybe a bit of a rethink here as we don't really necessarily think it going to be something that challenges the vaccine the overall story of stimulus, easy money here's the intra day of the s&p. you saw a selloff right after the open we got rid of all the up side that had been in the books since september. take a look also at bonds. the bond market has also had a similar path we actually had a little decline in yields, depression in yields and they've also bounced back. essentially the bond market saying we probably don't have anything necessarily going on here that's going to chan

despite the disastrous ending, elon musk was upbeat.t's playing the lack of fuel tank -- explaining that the lack of fuel tank pressure was to blame, he congratulated the team saying the flight provided all the necessary data. mars, here we come, he tweeted. ter planning to behe first private company to send humans to the international space station, musk plans to take peop to the moon and then to mars. >> earth-mars synchronization occurs roughlyvery 26onths. we had one thi sumr. in roughly two years, there will be anoer one, and then two years after that. so six years from now. if we get lucky, maybe four years. >> the first stage booster will send -- stand more than 120 meters tall and carry 100 crew to orbit. this rivals jeff bezos blue origin for affordable space travel. the first tourist scheduled to fly on the starship is a japanese billionaire. he's training to travel to the moon in 2023. host: host: mars is the ultimate destination, it seems. you can find out more here on earth at france 24. kate moody is in the house. not this

elon musk isn't mincing words as the tesla ceo reiterated the need to keep costs under control. he wrote to workers investors are giving us a lot of credit for future profitability but if they conclude that won't happen our stock will get crushed like a souffle under a sledgehammer the stock is set to join the s&p 500 later this month and he's named the business person of the year after he leaped frogged bill gates as the second richest person in the world. mike, i wouldn't quibble as business person of the year. >> right. >> he's incredible the quibble is with the stock price and it's fascinating to see musk weigh in on that. >> it's fascinating. this tone. it's prudent and sounds like a ceo or manager should be doing saying don't get complacent. had an amazing run let's focus on the details and get the profit for vehicle up even if it's by five or 20-sent increments it's not a half trillion dollar valuation because of those factors. the shareholder base right now is we're saving the world, and if that doesn't work out we're going to mars. so it's not clear to me it's even true

the buzz on elon musk spin move. >>> a possible solution to prevent on employment fraud. have a new initiative could get money right into the pockets of those in need. >>> acres of trees in alameda county are dead. and their perfect kindling for a wildfire. workforce management is doing ahead of this weekend's high >>> let's take a live look at the capital, house lawmakers voting to decriminalize marijuana at the federal level today. the first time a chamber of congress voted to do so. the vote, 228 164, nearly all who voted in favor with democrats. they say legislation addresses injustices caused by the war on drugs, legislation is not expected to pass, though, in the senate. >>> the couple accused of boarding a bay area flight after testing positive for covid have now been banned from united airlines. authorities say they knew they had the virus before flying home to hawaii from san francisco. they were detained at the airport and kawai. police say that the couple was traveling with their four-year- old. they were arrested for reckless endangerment and released after po

one more sign elon musk may be relocating to texas.onaire has moved his private foundation from california to the states capital, austin. that is the same place where tesla is building a truck and suv factory. jp morgan's hybrid cash book is trying to raise $1 billion to bet on blank check companies and relegated financial instruments. bloomberg has learned it is in talks with pension funds and endowments and also seeking retail investors. airbnb is expected to price its ipo tomorrow and begin trading on thursday. the home rental company has boosted the price range of the offering, pushing the potential valuation to as much as $42 billion. airbnb has seen its domestic bookings bounce after they were crushed at the start of the coronavirus pandemic. that is your latest business flash. guy? guy: let's continue the conversation on ipo. joining us is the equities and cofounder -- the equity zen cofounder. it has worked with half of all unicorns. nice to see you on the show. doordash expected to price above 95 according to the dow jones. do

elon musk has an aggressive target for getting the facility up and running midway through next year. going to be a short-term delay? a longer-term delay? there could be a real problem for that target. give us a sense of timeline. >> it sounds like and looks like a short-term lip, a small issue that they can overcome. there's too much riding on this project politically and economically. the factory will be in the future standing pretty much. it seems unimaginable that he wouldn't be able to build this factory or get production up and running. and the delay probably won't be that long. the government is really behind this as well. the region where he is building the factory is really a no man's land in terms of economic prosperity, so they need the jobs, they need the expertise. once they can prove that the lizards and the snakes have new homes, he should be up and running again. feel, we feel we all this in the u.s. as well turning to other news in the car industry, volkswagen coming out a few minutes ago, facing disruption in productions. there was a german parts supplier hit by a co

sometimes elon retweets stuff and you never hear about it, again. times he retweets it and it takes off >> phil, a lot on your beat, man. we'll talk to you soon good to see you, phil lebeau joining us this morning. >>> jim, nike all-time high. goldman year and a half high p jpmorgan a year and a half high. >> very interesting nike when it reported a lot of people felt because it reported friday evening perhaps they wanted to hide something that was completely wrong. this is mark parker. but i think what is interesting is the stock went up $4 and then came down only a couple bucks and then when people heard the conference call they recognized once again direct to consumer is so important with nike goldmine is related to the buy back and the surprise buy back by the treasury. i mean, by the fed i have to tell you jpmorgan was up six on friday we have to watch those david, you know when you get stocks that are up this big when the market is down, they tend to go up even higher if the market turned >> all the banks are having a very good session so far

why elon musk says it was still a big success. >>> imagine watching the super bowl on this.ook at it closely. 110 inch samsung tv. we'll tell you the big and i mean big question the company is still not answering. ♪ ♪ ♪ heart monitors that let your doctor watch over you, just like you watch over your best friend. another life-changing technology from abbott, so you don't wait for life. you live it. another life-changing technology from abbott, we have the power to harness california's abundant solar and wind energy, but it's not available all day long. use less energy from 4 to 9 pm for a cleaner california. >>> good morning. it is 4:41 and right now in san jose, clear skies. 43 degrees. we are monitoring a cooling trend and the chance for some rain heading into the weekend. i'll have details on your full forecast coming up in just a few minutes. mike? >>> vianey we're still working hard and looks like great conditions for them. 101 through palo alto. easy, light drive as we look towards marsh and farther north around whipple a crew there clearing right around 6:00 and we ta

back in may you might remember elon musk was not happy. he filed a lawsuit after regulators shutdown the fremont plant during the early stages of the pandemic. despite his move to texas musk says there is a great advantage to having the only car company still manufacturing in california. >>> okay now to tonight's making it in the bay series. it is a renters market in san francisco, something that hasn't happened in a really long time. layoffs combined with work from home policies have brought the rental market in san francisco from boom to bust. according to realtor.com there's been a 35% drop in studio apartment rents, 25% drop in one bedroom apartment rents. meanwhile housing prices in the city have steadily gone up during this pandemic. >>> a new way to get a coronavirus test in the south bay, a self-testing site is now open at epannual baptist church in san jose. no appointment needed. the test is simple, fast and free, just a nasal swab while a trained observer not necessarily a health care professional watches you. the idea is the di