we have an exclusive interview with tesla ceo elon musk. hear what he has to say about the company's latest earnings. ♪ >> welcome back to "bloomberg west. i am emily chang. facebook buying the messaging service whatsapp for $16 billion in cash and stock. up to $19 billion when you count the additional $3 billion they are paying the employees. we have a great group of guests to talk about it. the founders of whatsapp are former yahoo! guys. we've tried to get them on the show many times and they do not like talking publicly. they have been pretty passionate about their hatred for advertising. put this acquisition into context for us. >> there have been two similar acquisitions in the past. one was icq, which aol bought. the acquisition did not go anywhere. the second big acquisition was skype by ebay, which was a disaster from day one. skype and microsoft, a similar acquisition. facebook and whatsapp is a good match. they are similar kind of companies, two different modalities of communication. just like instagram does not need to be part o

we have an exclusive interview with tesla ceo elon musk. hear what he has to say about the company's latest earnings. ♪ >> welcome back to "bloomberg west. i am emily chang. facebook buying the messaging service whatsapp for $16 billion in cash and stock. up to $19 billion when you count the additional $3 billion they are paying the employees. we have a great group of guests to talk about it. the founders of whatsapp are former yahoo! guys. we've tried to get them on the show many times and they do not like talking publicly. they have been pretty passionate about their hatred for advertising. put this acquisition into context for us. >> there have been two similar acquisitions in the past. one was icq, which aol bought. the acquisition did not go anywhere. the second big acquisition was skype by ebay, which was a disaster from day one. skype and microsoft, a similar acquisition. facebook and whatsapp is a good match. they are similar kind of companies, two different modalities of communication. just like instagram does not need to be part o

i published report said a member head of met with the tesla, elon musk.s there any truth to that rumor? for more, we bring in bloomberg's hard guy, matt miller, and an automotive joins us. he is publisher and editorial director of 9-to-5. are from near manchester, vermont. matt, i am going to kick it off with you. we have been talking about this momentum for a day or two to leo. is there any momentum behind this? >> absolutely not. but it is fun to talk about. in journalism is a real key to a fun friday, and i guess it is only one day, but, look. unlikely, but it is so much fun. it is like the net butter and chocolate. it would be good if tesla used the apple operating system. like a superhero. he could be the new steve jobs. thatcould get a new logo blends the two. >> but you are not buying it. >> no. >> you? lebrons like acquiring james. there is no reason for apple or tesla to do it. they maybe got together a year ago to chat about batteries maybe, but not an acquisition. >> what do you think? >> it is pretty obvious from the timing and the companies i

elon musk companies are about 18%. very heavy with elon musk companies. this one is up 16%.bal-x etf. >> i can imagine that is heavily traded. lithium goes into batteries, right? >> this announcement of the world's largest battery factory, this popped on that. volumes up over 100,000 shares. it is growing. a very niche etf, only tracking 20 companies. the top 10 account for 80% of the portfolio. due to this announcement, and smart phones and iphones using lithium, it is pretty well-positioned for the future. looking like a decent value play and starting to get momentum. >> i would imagine overall these alternative energy etf's, there must be a lot of volatility. you see volatility in solar stocks. tan is a solar etf. even though you might be trying to ride the mosque wave -- musk wave, it is a little cautionary. tesla itself is volatile. maybe a little caution is warranted with these? >> absolutely. i refer to using niche etf's as cooking with spices. this is to put on the outer there. on like the story, put it there, except that you can participate in something like elon mu

do you think he'd like to have elon musk on board to help drive the company and the steve jobs legacyt would be an interesting collaboration. elon is one of those geniuses that we have in america right now. steve was obviously a preeminent amongst the folks we had. his departure has left a big, gaping hole even now with all the talent they have at apple, so they would certainly look to collaborations and musk certainly fits that bill. >> all right, peter, thank you very much. joining us from jeffries actually covers apple for us. i find that interesting, not a merger and acquisition but he says a collaboration could be quite likely. >> sometimes you take over a company in order to get its ceo. >> talent a big part of it. it's hard to imagine back in the steve jobs days, i know he's obviously no longer there, but him sharing the spotlight with someone like elon. >> if i said to you or if carl icahn was sitting here and i said, i tell you what, they will swap the ceo from tim cook to elon musk, i think a lot of people would say yes, because he has the cachet. >> the shares of coca-cola,

elon musk secretly met with apple's acquisition chief last spring.lysts speculated about a suspension -- suspected apple-tesla marriage. the tech giant is very interested. >> number three, dish network. they will review a lower court decision that would allowed dish mexico to carry broadcast channels. >> a deal. forrest laboratories surging and the free market. actavis is buying forest. the deal is a win for carl icahn. it is the second-largest shareholder. >> number one, coca-cola. fellfourth-quarter profits as the company sold less soda in north america. global sales rose 1%. we will be taking a deeper dive into coca-cola in just a few minutes. with soda wars. there goes the opening bell. joining us now is the director of trading at foreman trust capital partners. are still biased to the upside for the year. >> i think that is right, betty. the warning for anybody is that if you had a 25% gain in the s&p 500 last year, you get a chance to rebalance if you did not already. there is yield seeking behavior going on. people cannot buy treasuries anymor

maybe i have drunk the elon musk lay. -- kool-aid, it is going to be a huge factory.hey will have the capacity to build more battery power than all the other lithium-ion factories in the world combined. >> how many automobiles do they want to sell west to mark >> a will be able to produce 500,000 eagles are year. -- vehicles per year. they are just saying this so you know how much they can make. they will create 5700 jobs. they can do much more than just a old car batteries. they will be able to use these batteries to store energy that is created at winds of arms -- arms -- farms. they are making super charging stations. they are all around the big city areas. they will be able to store electricity and move it to you that needed. it is taking tesla is that further. >> it is not only partly owned by lima, but if you buy -- elon musk, but if you buy a tesla, they will offer to put in solar panels. >> you have a tesla? >> yes, i do. >> what about the cost? what about electricity bill? >> it goes up slightly, but your gas bill goes down to zero. the cost of electricity ve

plus, elon musk in an exclusive interview. his new factory and car and what exactly he has been discussing with apple. this is all coming up on "lunch money." don't go anywhere. ♪ are streaming live on bloomberg.com, your tablet, and your smart phone. i am adam johnson. facebook is buying the instant app.ge service, what's >> that is a lot of money. >> no question. it is the largest acquisition of company. capital >> $19 billion is a lot of money. that is more than the gdp of iceland, jamaica, bermuda, and fiji combined. this is all for an instant has 450g service that million users. who is county? -- who is counting? believe it will be incredibly valuable. our focus will remain on connecting more people in increasing engagement. for the long-term, we look forward to see what people can do. >> mark zuckerberg explaining the deal on a call last night. one billion users is not bad. >> a potential competitor they just eliminated. was a very expensive deal, to it reduces competition attention on facebook. especially newer markets.

come on, it's an elon musk stock. l get it right on track when he rolls out his giga factory battery solution. classic musk, classic solution, don't worry, be happy. number ten is stratasys. stratasys is the one to own, the broadest portfolio and barely got dinged when they lowered the boom and merrill lynch downgraded to a sell this very morning. 3-d printing that has become one of the biggest hype jobs i've ever seen, but my friends who are using this, they swear by stratasys. i expect this to jump right back. momentum monster number 11, tesla! another elon musk vehicle. i've got more to say about this one later in the show. for now, let me just tell you that tesla's a case where the car itself is driving the stock. because what can i say? that's really the truth. everyone who's ever test-driven one like me wants to own a share or two. plus, musk really knows how to drive a stock! he sets reasonable expectations and then he crushes them! and let's not forget that tesla is moving into china, ho, ho, ho, china! to bols

with what is going to help them bring down the cost -- elon musk says he wants to build a car that is me. concerned,esla is the price, 50% of that is the battery. reducing that is an amazing push. >> the best conversation all day. matt miller, i appreciate it. we will be back in just a few minutes. ♪ >> and arizona bill that opponents say would target gays has been vetoed by governor jan brewer. it would allow them to refuse service based on their beliefs but widespread protests of companies from apple to american airlines opposed this bill. white house correspondent julianna goldman joins me. paint a picture, what kind of pressure was the governor under here? brewer came to this decision after intense pressure from businesses and national political leaders, and to republican senators. mccainay and john cautioned her and urged her to veto the bill. she came out last night, she said liberty and nondiscrimination are core .alues are -- of her state >> i have not heard of how a onerous religious liberty was piloted. and bill is broadly worded could result in negative consequences. after

a is elon musk versus 30-year-old high-end air.september, orbital completed the second successful launch to the international space station. joining us now is david thompson. thank you for joining us. we hear a lot about space x and virgin galactic. how does your business differ from theirs? originalorbital is the commercial space company. we were started back in the early 1980's. we have been a pioneer in ,eveloping commercial rockets privately-owned satellites, and other technologies over the last 30 or so years. >> where do you think they saw the opportunity here? business is there in the private space race? why would they get into this business if you have been doing it so long? yikes you would be surprised. in the 30 or so years. satellites and rockets have gone from being a fairly small part of the space community to having today led to global businesses that count over $100 billion in revenue last year, and that includes both satellite-provided services and the manufacturing of the satellites and rockets and so on that are u

today's motors, tesla ceo elon musk has many reasons to smile.e made more than $1 billion overnight. shares of his electric car companies surged on investor optimism over his plans to build one of the biggest battery factors on earth. consumer reports has ranked his model s best overall vehicle on the road. what is next? he told us last week. >> tesla has built up a significant expertise in autonomous driving. i would not use driverless cars because what we like to use his autopilot which is similar to an aircraft were you still expect someone to be able to pilot the plane, but the autopilot helps improve decision and safety and reduce pilot workload and that kind of thing. that is the way we view autopilot in a car. i would venture to say at this point, we are probably got the strongest autonomous driving engineering team of any car company -- or maybe any company. and we are continuing to build on that engineering expertise. we do expect to be the first company to market with significant autonomous driving function in vehicles. >> since the sta

elon musk's electric car company will boost production of its model s sedan. it is also learning to build a massive battery plant. tesla is up 10% in premarket trading. we will hear from tony and their musk himself. facebook -- we will hear from billionaire musk himself. facebook agreed to by whatsapp for $19 billion, the biggest acquisition in more than a decade. why did the world's largest social network spend a fortune on a fortune on the five-year- old instant messaging service? we got paul kedrosky, bloomberg contributing editor, also deals reporter cristina alesci. $19 billion. it is a huge number. how does facebook justify this? number. it is a big i was just looking at the numbers last night, the largest venture capital based company in history which is remarkable, so the way to get at this kind of valuation is on a basis. 400 million users, maybe a billion by the end of the year, adding a million users a day. so on a per user basis, which is the metric we use with the instagram acquisition, dating back to these network of acquisitions come about $40,

because he will have the ability -- and i'm talking about elon musk here -- to power all of our stuffis combined with our supercharger stations, which will be strategically placed around the most important urban areas in the country, will give elon musk the power to run america beyond just building cars. >> staying with cars for a second, he looking to produce half a million. >> he said this would produce enough batteries to make half a million. he's not saying he will produce half a million cars. he's just giving you an idea of the scale of the giga factory. >> is that the same mass market if it is 10 million cars a year? >> it would still be a mass market if it was the 90,000 car class. >> according to some analysts, that number has the potential to reach 27% by 2017. lithium today is mostly used in our smart phones and smart tablets. coming up, the building blocks of success. coming back from the brink of bankruptcy. and exposing how the university of north carolina is failing its athletes. ♪ >> this is "lunch money" on >> this is "lunch money" on bloomberg television. we are also

elon musk spoke with betty liu about this last week.t the factory done in three years, we probably would need to raise some capital. >> what is the impact this giga factory will have on the auto industry? >> it is pretty amazing for the car industry, because at a time when beijing is being drowned in , maybe we will see the biggest car market in the world make a huge push for electric cars. but it will also be interesting for everything. because he will have the ability -- and i'm talking about elon musk year -- to power all of our stuff. combined with our supercharger stations, which will be strategically placed around the most important urban areas in the country, will give elon musk the power to run america beyond just building cars. >> staying with cars for a second, he looking to produce half a million. >> he said this would produce enough batteries to make half a million. he's not saying he will produce half a million cars. he's just giving you an idea of the scale of the giga factory. >> is that the same mass market if it is 10 m

elon musk and apple.he san francisco chronicle .eported he met early last year neither company has said anything about that meeting since their -- since then. he said one of the possible outcomes of his company -- he said a potential buyer would have to have a lot of cash to buy his company. we will hear directly from the man. me a littlell join later today. at 6:30 pmk with him eastern time exclusively right here. interview.for that a great program for you this morning, including another exclusive interview with hank greenberg. aboutt the outspoken ceo what he thinks about the new government report on raising the minimum wage. to all introduce you killer sound system with implications totally out of this world. stay in the loop. we're just getting started on this wednesday. ♪ lex you are watching "in the loop here: -- loop." investment, and insurance powerhouse headed by greenberg, partnered with switzerland, partnered to buy this company. four point $4 billion. the news came out over the the weekend. on

today, why elon musk unexpectedly started talking about legos. >> plus, the clues we might be smacked by a phenomenon that could drown our drought fears. >> in the more immediate future, we are talking about a big storm as big as the state of california. it is out there. it is heading our way! what does that mean for us? how much rain, how much wind? any more lightning? it's all coming up in my forecast next. >> how the rain we're getting could jump-start a silent epidemic. ,,,,,,[ sports announcer ] here's another one, alyson dudek. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless receiver today. ♪ at a r >>> it goes without saying when elon musk talks, people listen and the founder of tesla motors had them on the edge of their seats at a rather unlikely event in san francisco today. kpix 5's allen martin is here w

and elon musk is the big brain and innovator that apple needs.for you, jeremy, you were big on this wearable technology thing, but the fitbit bracelets tracks activity and gives you information. and i heard about the rashes. do you have the fitbit rash? >> growing pains. charles: and this is going to be the topic of dating, do you have the fitbit rash, wear it as a badge of honor. >> i think it's a small thing, it's the manufacturing issues that they're having and chemicals in there reacting with a few people and i'm optimistic that the company is going to move past it. charles: okay. >> in the meantime, watch out for those. >> you've got the band, and we haven't had any issues with them yet. charles: interesting, i think weight watchers reported earnings and said that they blew it. the stock got crushed and they blame things like the new fit bands that are destroying their model. rash or not, it's been a success. and another one for you, jeremy, google bought slick log-in that makes sound based password systems. explain this to us. >> it's kind

he will -- we will talk to him about everything from the elon musk battery factory to the silicon valley gentrification wars and the overall state of california's economy. tom films like "armageddon" "transformers" john frazier figured out how to flip cards pray we will bring you a closer look at the technology that he has developed. microsoft chairman john thompson is speaking exclusively to bloomberg television about the future of the company. cory johnson joins me now in the studio. you know him from covering him over the years. is the chairman of microsoft and took over for bill gates. i think the role of john thompson at microsoft cannot be overstated. they clearly made some really big non--microsoft like decisions at the board level not least of all making the decision about a senior leadership change. john thompson was the guy directing the board to make the decision that put pressure on steve ballmer and will force him out even though he is one of the largest shareholders and one of the original microsoft guys. clearly, john thompson had a big role in being successor. >> how invo

the crazy idea was elon musk. said, thishim and came from you.i just say crazy stuff sometimes. >> elon musk is known for just saying random things and everyone it is company said, what? >> that is also what makes him awesome. do not let him know and do not tell everyone, but he is cool. >> i like random and insane things every once in a while. >> bob says crazy things all the time. he called global warming a crock of something in french of -- in front of a bunch of reporters. >> in the middle of snow me get in, we might tend to believe him a little bit. we now have jim farley who occasionally says crazy things. >> he sometimes gets in trouble for that. he says you can track everything in your car and he says, we do not. -- a wordto association that has to do with breaking news we cover this morning. it is fun to ask especially millennial's. bing. seen commercials for that. i think it is a search engine but i do not know. i use google like formal people. bing google toou get to google. >> how about footie e >> trying too hard. the new microsoft c

that's a big focus right now for elon musk and tesla executives. will be reporting earnings tomorrow after the bell. these are q4 earnings. this stock right now trading at an all-time high, $204. i'm not sure people will ever expect this stock to get above $100, let alone above $200. we'll see what the reaction is after the earnings come out after the bell tomorrow. >> you think, phil, this is more likely than we've seen more technology companies try to own, so to speak, your vehicle, apple trying to get a foothold in that regard? is it about battery technology? is it much to do about nothing? what do you make of the whole thing? >> i think it's much to do about nothing to look into the idea of apple buying tesla or tesla selling out. that's not going to happen. and so take that off the table. i think what's more likely happening is that elon musk is meeting with leaders in the tech industry about incorporating more technology into the vehicle. and we know that apple wants to get into the vehicle, particularly into that second seat, the backseat of

you got an elon musk. apple which needs a transformational acquisition because they have been pilloried for only doing evolutionary stuff, not revolutionary stuff. isn't this a perfect opportunity for elon musk to join a company that is badly in need for some innovation here? >> you know, i just don't see apple getting in the car business. >> they're already in the car business. >> i'm talking about them getting into the elon musk business, not just cars. that's my point. thinking outside the parameters of what we see as this company right now. >> well, you know, back in the '90s i was running equities and i heard a lot of transformational stuff about aol and cisco systems and yahoo! and amazon, and in our experience nothing works at 100 times earnings or more, and, you know, the company is trading at 150ish times earnings and we think the probabilities are so low that they can live up to those expectations that it's not going to be a good stock. >> all right. thanks, guys. >> good stuff. classic water coo

and elon musk is doing a good job there.insane. >> how do you value the stock? as on automotive company, it should be valued? or a tech company, which the market is looking at. have you really valued the stock? i talked to one trader about this. he said, this is a perfect stock to trade up because it has a big short interest, very small float, and a sexy ceo. in this hot industry. there's a lot of reasons to go up. but further down the road, if if it's an auto stock or a tech stock, is going to be more vibrant. >> we have elon right here. >> the real elon will stand up right now. >> he shares my name. to have the company stock places soaring. i want to know what the mass market appeal is. they're coming out with a model x soon. once i can get my toddler in there and throw some cheerio's around, i'll give you a better idea. >> thank you for being here. >>> now, it's time for "fast money." melissa lee and the gang. >> "fast money" starts right now. at the nasdaq market site in new york's times square. the s&p 500 closing at a

elon musk knows.g up $1 billion richer today. ♪ >> welcome back to "countdown." >> the time in london is 6:24 p.m. -- a.m. whether it is water, beer, or copy the results are usually catastrophic. technology being developed in the u.k. can waterproof your electronics. drop a cell phone into water, water gets into the device very quickly and causes corrosion. often it can be catastrophic failure so there is no way of recovering. we have a technology that provides a protective layer inside and outside massively improving. the background is actually in military technology to provide coding to military where to nerve agents but also environmental threats. in 60 million electronic devices from bluetooth headsets, tablets, mobile phones. the technology works and a .olecular scale it can penetrate very freely into the structure and provides a covalent attachment through the entire device. there are other smart phones out there that are advertising waterproof protection. they are using a barrier using gaskets

elon musk is attempting to get the project off the ground.rket ambitions. >> i am excited about this. it is a huge step for tesla. it is a big step for the u.s. economy and u.s. manufacturing. >> there is mythology behind it. >> is only $5 billion. in the grand team of things, it is not even more money than elon musk has himself as a private citizen. jobs in anate 67,000 industry where we need to get a foothill -- football, and that is battery power. this is something that president obama has been talking about since he got elected. this will create jobs. more work.ng us it will do something for tesla that will make it more than just a car builder. battery toe enough produce 500,000 teslas per year. they will do other stuff with this. for example, the u.s. collected a lot of power from solar cells, wind farms. it toe trouble getting its destination or storing. these batteries will do that. >> there is more use for a batteries? >> you will be able to store power that you have created and run effectively cities with that power. it will work in

tesla ceo elon musk admits to bloomberg news having a conversation with apple executives. however, he did not say whether the talks were regarding a possible takeover. a morningstar analyst explains why tesla might be a takeover target. "the tesla deal would make sense as far as expanding into automobiles, we are seeing a big trend of companies in tech moving into the car, trying to expand electronics content in automobiles. " elon musk did reveal he had "concerns"about his electric car company being aqcuired. and that tesla will excel with driverless cars. tesla's stock hit a new all time high yesterday of $215 in the wake of stunning earnings. facebook's $19 billion dollar acquisition of "whatsapp" rocked the stock. f-b shares closed at nearly $70 dollars yesterday. whats app is a worldwide popular texting & messaging service. the deal could possibly help the social media company dominate over messaging apps such as snapchat. although, whats app fans are concerned about facebook's influence in terms of ads. and, fun fact...prior to creating what'sapp... the founder lived

we're here in the toyota green room with -- >> look at that. >> elon musk and their five kids. rying to make tesla more affordable. >> we'll be right back. >> announcer: this portion of "cbs this morning" sponsored by lifestyle lift. thanks to lifestyle lift looking years younger has never been easier. has never been easier. [ female announcer ] there's nothing like family breakfast. so through february 15th, buy a box of cheerios and we'll give you one free to share with family. only 1 million coupons available. visit cheerios.com to print your coupon and for other restrictions. from the big screen to small screens near and far twizzlerize your entertainment every day with twizzlers. the twist you can't resist. >>> elon musk joins us. he's the owner of tesla motors. two test cars drove from los angeles to new york in 76 hours. the model sedan named thunder and lightning sell for $71,000 each. the car is powered only by charging stations across the country. we're pleased to welcome elon musk for an interview you'll only see on "cbs this morning." good morning. >> good morning. >

and why elon musk new tesla model s tops the consumer reports 10 best vehicles. we are going to take you to the low line later in design and motorola mobility, cut the price with aphone to one penny contract. newmont is on horizon. mobile world congress in barcelona for its new x2 is due later in the summer. ♪ >> welcome back to "lunch money." live onso streaming bloomberg.com, your tablet and smartphone. elon's motors, tesla ceo musk has many reasons to smile. he made more than $1 billion overnight. shares of his electric car companies surged on investor optimism over his plans to build one of the biggest battery factors on earth. consumer reports has ranked his model s best overall vehicle on the road. what is next? he told us last week. >> tesla has built up a significant expertise in autonomous driving. i would not use driverless cars because what we like to use his autopilot which is similar to an aircraft were you still expect someone to be able to pilot the plane, but the autopilot helps improve decision and safety and reduce pilot workload and that kind o

liz: john, what do you think of elon musk's leadership?n a great leader. it's a beautiful car. i'm a mechanical engineer undergrad. i think it's a fab house piece of ma -- fabulous piece of machinery. it's just a very small company relative to the industry with a massive market cap that they're going to have a heck of a time justifying no matter how big they grow over the next two or three years. liz: when i got into this one, i put my foot on the gas, and i literally got whiplash. the speed, the pickup so unbelievable, and i'm just wondering, craig, again, it's a totally different car than the bmw, but in the end, stocks do not grow to the sky, and it's got a pe ratio that scares me too. >> they clearly have to execute. anyone that's buying the tock is not buying -- stock is not buying it for the model s. really they're buying it for the every-man car. and they're looking at and saying, okay, it's got a thousand fewer components, drive train cost parity with comparable vehicles, what happens when they cut the cost in half? huz liz craig i

elon musk himself has described his shares as at a crazy valuation.ay, perhaps he would find some kind of compelling reason to tie up with an apple here. i don't know if anything about the earnings today changes that, but it's certainly going to remain a point of conversation about how apple continues to reinvent itself. >> kelly, i think one of the most important questions here is whether or not apple has more to learn from tesla or tesla has more to learn from apple? both are tremendous technology companies and huge innovators but a lot of people have said elon musk is the steve jobs of today. the guy is an incredible innovator. what he's been able to do with that company is astonishing. i'm waiting for them to build the hyperloop. i think that's a cool product. i'm going to buy my ticket. >> you just want to get from d.c. to new york more easily. >> i would love to. >> here is one of the key issue was tesla. like twitter, there's a very small door to get through. 122 million shares for a company that is top of mind for so many investors. that's not

larry page and elon musk are close.t really thinking on -- he is not the kind of guy looking to cash out. he has plenty of money but google would be a more attractive partner. >> could receive partnership? >> deftly. yes, you could see them working on cheaper version of that. definitely, they are so those we see android getting and cards now. .t does not seem that far off >> thank you. we will speak with elon musk on the late edition today. speaking of google, google is -- more about their guidelines on how to avoid being a freak while wearing google mask. ♪ >> welcome back. google has some device -- advice for those wearing google glass in public. do not be a "glasshole." do not be creepy or rude while sporting the idler. breaking the rules will not get businesses excited about it. he is -- google is also telling them to be patient and ask permission before taking pictures or videos. ipoady a busy year for announcements. to go public.g some of thest says offerings eventually lead high returns, it can also be difficult

we'll check out the 25% gross margin that elon musk promised us. liz, you've been looking into the numbers? liz: yes, i have. tesla saying putting a point on calendar for the new model x. they will have a production design model on the road by end of this year. they expect to have delivers of to customers by spring of 2015. this is very good news for anybody waiting on the model x. they wanted to see that point on the calendar. you see what is going on with the numbers the stock is jumping the ask is 200. the bid a few minutes ago was up there a few minutes ago. moderating a bit. they are looking at something called the gigafactory. i think this may have something to do with making their own batteries. david: they were talking about deliveries to china by spring. that of course could be a big thing if in fact wealthier people in china are buying that car. they don't need much in order to get a lot. we're waiting on details about how many cars they are actually selling or they actually sold in the fourth quarter and that issue about the 25% gross ma

this report, the thing to focus on is that you are talking about the head of m & a for apple and elon musk, ceo of tesla, having lunch. lord knows what they might have been discussing. but it's certain that musk meets not only with apple executives but other executives at other tech firms out in the silicon valley. he's talked about it openly in the past because he views tesla being as much of a tech company as it is an auto company. as you take a look at shares of tesla, and yes, a head line like the one we saw over the weekend about this lunch date between musk and the head of m & a from apple will get a lot of people interested. you are looking at a stock right now that's really going to move on what happens after the bell tomorrow. that's when tesla reports its fourth quarter earnings and the focus is going to be on what's happening with operating margins as well as the guidance for the rest of this year in terms of sales. >> for sure. phil, for the moment, thank you very much. >>> let's bring in andrea james, who covers tesla and will power, who covers apple. both of them are with us

i mean, there's no innovator in america at this moment quite like elon musk. he's done spacex.ay pal, he's got tesla, you know, is it too far out there to suggest that maybe apple would look at that guy, elon musk, a the next steve jobs? >> so, he's one of the fathers of the ipod. obviously, he's got history with apple. and i think in the wake of steve jobs, apple has still been looking for the innovative leadership and i don't think they've found it yet. so, it doesn't surprise me that those conversations are being had, and i could definitely see that happening. stuart: you're out there, i believe, in san francisco. looks like the golden gate bridge. >> yes. stuart: in the middle of tech land. basically.tech company >> and i drive past tesla. stuart: do you think it makes sense for apple and tesla to get together in any way, shape or form? >> partnership, yes. purchasing the auto, i don't know about that. i think while diversification is good for any company, i think that's a little bit of a stretch, but you've got other tech giants like google moving into home automation and

elon musk taught himself programming at the age of 12.ur next guest went from hanging -- in his father's uncle auto garage defending a company focused on modernizing the insurance industry. good to have you on "taking stock." you have done four other companies, created them and sold them. what guides you? >> well, i worked primarily in the automotive industry. that is my passion. i think what guides most of us improvingsion for things or inventing things and trying to get people to see a different way. giving them an opportunity truce -- terry use it in a massive scale and finding solutions. >> you grew up around cars big-time. >> i love cars. could send me out for a gallon of milk, and i would come back with a new car. >> we have been focusing a lot, we mentioned cars a lot on haslett motors -- tesla motors this week, what do you think elon musk is doing in the electric car universe? , the automotive industry needs entrepreneurs who are small and agile. so that they can do things that the big guys can't. are doingnufacturers a great job

it came from elon musk.he just says stuff sometimes. >> that is funny, i was in california over the holiday, and they said that he was known for saying random things. >> he just gave the forecast? >> that is what makes them awesome. >> admitted. >> do not tell anyone, but he is kind of cool. >> ok, elon musk is cool, but so is the competition. here's a man with a look at the other electric cars coming to market. ♪ about sexy,think eco-friendly transportation, you probably think about the tesla. why not? it is a gorgeous car. but it costs about $100,000. we have alternatives that go for about half that price. fiat costs oneis third the price of a tesla and comes with an absolutely gorgeous driver. the bmw here, the seats are dyed with olive leaves and it is 95% recyclable. is a technology that toyota is betting will mock the tesla electric car is out of the water that -- water is all that this thing produces. it is a hydrogen fuel-cell vehicle. the only emissions are water. this entire car is expected to come

i do not fault elon musk for making a wild business decision.e need to improve california's economic climate so we are in the hunt. if you look up these windows, we have some natural advantages in california. nobody wants to move to texas. people love california. we do not need to be the cheapest place in the world but we need to be competitive and we are not. in arizona,building apple in texas. how would you get them to do california instead. >> the regulatory litigation complex in sacramento is out of control. hundreds of regulations every year. it is like a giant ball of yarn because bigger and bigger. we need to reign that and. when legislators want to build a new arena, they take it from the environmental review because they know it will cost so much more money. if it is good enough for their projects, why not enough for apple? why do they play by a harder set of rules on the politicians get a better set of rules? that is not there. >> what specifically about tax incentives? texasdo not cap to out texas because people want to come to califo

phil lebeau is making the case for elon musk. john fort is here to argue for jeff bezos. g to give you three reasons musk should be in that top 25. let's start with the fact he has successfully started an auto company. i'm not just talking about a kit automaker where they're putting a few cars together. this is the first successful auto startup in 85 years. he's proving that electric cars are in demand. how much demand? look at the conference call yesterday where they talked about surnling demand for the model s. more than 22,000 have been sold or were sold last year. 35,000 expected to be sold this year. demand is growing in europe. china deliveries are picking up. two huge markets there. and finally, when you look at theirs of tesla versus other automakers over the last year, there's no comparison at all. if you were an investor in te a tesla, look at that chart. that says it all. i'll leave you with this. morgan stanley out with a note today about tesla. the final line is we are witnessing the most disrupting intersection of manufacturing ever experienced in the auto in

and founder elon musk. box is one of the names being floated to go public, but what does the company's founder aaron levie have to say about a future i.p.o.? next on bloomberg west. >> welcome back to the best of "bloomberg west." i'm emily chang. well, box specializes in web-based content-sharing platforms and is led by the colorful c.e.o., aaron levie. the fast-growing company is reportedly on the road to an i.p.o. there are his shoes, very colorful as always. jon erlichman caught up with levie at digital entertainment world expo. jon asked him about the company's plans to go public. and how they might be using box before it is released. >> there was a somewhat popular new release of a new album that happened by surprise recently, and one of the reasons why it was kept in secret so well is because box was the platform for managing that content. they were able to decide to reveal the information in the news at a time when they wanted to, and they could keep all of the security and controls in one place in

said ito elon musk would be comparable to all the lithium-ion that reproduction in the entire world iny. tesla keeps buyers on waiting lists partially because i can't get enough of the batteries. general motors is stepping up efforts to come up with a pickup truck made mostly of aluminum according to the "wall street journal yuriko they say gm is locking and contracts with aluminum producers. pickupveiled a f1 50 with a body made almost exclusively of aluminum. >> that is a huge, huge deal. ford has come out with this revolutionary pickup truck that weighs 700 pounds less than its predecessor and now gm wants to do the same thing. one week from today, i am going to go to dearborn and film the building of my own new f1 50. i'm pretty excited. we have breaking news from washington -- not about cars, but a decision about something that affects every single user of the internet. the fcc just decided not to appeal a court ruling throwing out its net neutrality rules. if you can understand what i just said, good for you. if not, i'm going to bring in chief washington correspondent, peter coo

thank god we've got a guy like elon musk. about optimism and that is what he is, iron man. stuart: unbridled enthusiasm. what is the expression from greenspan? irrational exuberance. john, i'm sorry to cut it short, but get off to the beach and get that suntan going. >> happy valentine's day to you. stuart: appreciate it. a disappointing forecast from weight watchers. nicole, how bad is the stock reacting? >> first of all, it's down 26%. it's at new lows that we haven't seen since the financial crisis. if i remember on the last round, the last quarterly report only because i was at the fed and the ceo, and thinking how it wasn't doing well last time. once again, the meeting attendance for the weight watchers meetings, down, revenue down, profit guidance for 2014 lower than the analysts were expecting. stuart: they couldn't fight the internet, can they? it's really a tough go at that. nicole: i don't know what the problem is, what the formula is. meeting attendance, that seems outdated i guess in this day and age. i know a lot

charles: the innovators are amazing, the elon musk of the world and mark zuckerberg in there.pletely on the mark zuckerberg band wagon. they're like the railroads in the day, and they'll take america to nor levanother level. stuart: and look at that after the purchase of whats app. >> facebook right now is down just 1/4 of 1%. yesterday it hit all-time highs, so approaching the $70 mark yesterday. big news for facebook, it's supposed to bring in younger users and what's interesting, blackberry today is jumping 4 or 5%. you know why? that's because now all the experts are saying, you know, blackberry has a messaging service and this deal today, people will look at somewhat of a valuation, a metric on the blackberry. stuart: okay. actually blackberry is one of the stocks which is benefitting from this whats app deal. >> yeah. stuart: there are going to be a couple more. there will be meet me, latin america's whats app and blackberry has its own messaging app. we've gotten cent holdings, china's answers to whats app and we've got a nice gain up 12% for meet me and blackberry up 4