it was elon musk himself >> oh.ht i heard snooki say that >> next tweet here. >> got to love snooki. >> next tweet here i'd tell you how i feel, but i'd be sending you a handwritten novel. musk or reality star >> i'm going to say reality star. >> which one >> i don't know which one. i'm guessing. >> i'm saying reality star. >> reality star. holly madison. tv reality star. good guess it could have gone either way. tweet number three tweet number three i killed it again! what city will i go to next? i duno at one point my possibilities are endless. wow, speechless. thanks you god >> that's obviously elon musk. >> really? obviously. okay what's the answer? answer >> play the game, dan! >> he said elon musk >> got it wrong. >> nobody plays by the rules >> he did play the rule. he said it was elon musk james kennedy. i don't know who that is >> what is he famous for >> a reality star. anyway, that's another show. literally. final tweet, your cruel taunts cut me deep, deep. but i love you too. >> elon musk done, bang >> c

tonight on fast, tesla ceo elon musk with the tone-deaf april fools joke about bankruptcy. the company is facing issue after issue. are we witnessing the unraveling of the eccentric car maker plus, the markets are tanking, we have you covered. we're live for the next two hours and if you are distraught after the selloff, give us a call 800-743-cnbc we'll answer your questions live on the air the dough syncing more than 700 points, the nasdaq joining the s&p and dow. all three in correction territory which means they are down 10% and it started with tech general motors down 24% from its highs. look at other names that have crumbled, exxonmobil, home depot, boeing, goldman sachs in correction territory the question tonight is, is this selloff signaling something might change object the economy, and not just the stock market? guy? >> i'm not sure it's about the economy but karen fineman who's been doing the show as long as i have, she's not one to be hyperbolic but i think it was the 14th of march karen said this was the most concerned she's been in years in terms of the marke

they need to keep adding giant customershorts of to hit the vision you on musk is talking about.: i do want to acknowledge the tweeting, elon musk continuing his adversarial relationship with the media. another tweet talking about how ideas pop into his head. a follower asked, you know, what were you thinking when you came up with such and such? and he said, too wasted to remember. at what point do investors start getting distracted by the state of mind here? max: he has always been a pugnacious sort. i think that is part of the appeal, that is a part of what people like about them. in terms of the tweeting and things like that, i think the greater area of concern would be all of the side projects. in addition to tesla and spacex, there is the ai thing, the tunnel thing, he's apparently hiring humorists from "the onion." and so, i think it is more about distraction in terms of possible danger to tesla rather than elon musk tweeting intemperate things. i think many of his admirers enjoy the intemperate comments, and for us in the press, it gives us something to talk about. so, i d

here is a quote from musk on that memo. "we're burning the midnight oil to burn the midnight oil."said, max, obviously the , production halt is not good news. how bad is this bad news in the grander scheme of things? max: it is hard to know, and i caution people into reading into the tea leaves too much, because production halts, as tesla has said, are slumping, and that happens. now, the thing is, when it happened that tesla, and lots of companies you have to reset the , line, make sure the tooling is right. there are reasons to stop production that are not bad. that said, there have been lots of the sort of unexpected things, and that would cause skeptic,who is a tesla and there are lots of those, to say that there is another sign that the company is in over its head. that said, if the numbers keep moving in the right direction, i think investors will be happy, and you know elon musk will look , like a genius. emily: what do you make of elon musk's comments last week on cbs that he overdid it on automation? max: that is a huge shift. one of the key things that tesla had been talk

elon musk continuing his battle with the media.er tweet toughie about how ideas- talking about how come into his head. to remember.asted >> he is always been a putting nations sort --ignatius -- p ugnatious sort, that is something people like about him. in terms of the tweeting, the greater area of concern would be all these side projects. he's apparently hiring humorous from the onion. it is more about distraction in terms of possible danger at tesla instead of elon musk tweeting intemperate things. a lot of people in my his intemperate comments. s doy: some of those tweete take time. watching, we are netflix continues to surge on its impressive first-quarter earnings. 17.4 million years added -- users added in the period. netflix rose as much as 9.8% to an all-time high on tuesday. the stock was up 60% at monday's close. microsoft president brad smith joins us. why microsoft, facebook and dell are joining forces to battle cyberattacks. this is bloomberg. ♪ emily: facebook, microsoft and 30 other tech companies have joined the cyb

elon musk will look like a genius.f hiswhat do you make comments last week on cbs, that he overdid it on automation? reporter: that's a huge shift. one of the key things tesla had been talking about as a differentiator is that this was going to be the most automated car factory in the world. that was going to allow them to hit these crazy ambitious production numbers. the problem, as we have been learning, is that it is harder to plug people in. what seems like is happening in the factory, when you start pulling little tidbits that are filtering out of there, tesla is moving much more toward a traditional sort of human focused manufacturing process, which is why they are adding employees and shifts, and why they have to focus on profit. they spent all of this money on these machines, which was supposed to save money in the long run, but now you have to add employees on top of that, which will create cost pressure on a company that already doesn't have -- is already losing money. emily: shares are up, but at what point

musk it seemson to be working 20 47, the 24/7 shifts are shifts. it is not as if these employees are working around the clock, although many executives are. memo musk is saying in this e to have then is shutdown and ramp up. we saw a similar shutdown up that allow ramp them to hit this 2000 unit milestone. he saying they want to be at 6000 by the end of the second

max: although elon musk appears to be working 24/7 famously, everyone,told sleeping at the factory. these 24/7 shifts are three different crews of people. it is not as if these tesla employees are working around the clock, although many executives probably are. the other thing that is happening here is that musk is saying in this memo, published just a few minutes ago, that the plan here is to have the shutdown, and then to sort of ramp up. we saw a similar shutdown followed by a ramp-up a few weeks back, which allowed them to hit this 2000 unit milestone that we saw at the end of last quarter. the plan now, he is saying, is that they want to be at 6000 by the end of the second quarter. and he says in this memo, which

musk appears to these 24/724/7, shifts are three different crews of people. not as if people are working around the clock, although many executives probably are. the other thing that is happening here is that musk is saying in this memo, published just a few minutes ago, that the plan is to have the shutdown and to ramp up. we saw a similar shutdown followed by a ramp-up a few weeks back which allowed them to hit this 2000 unit milestone that we saw at the end of last quarter. the plan now is that they want to be at 6000 by the end of the second quarter, and he says in this memo, which is a fascinating look at the psychology of elon musk, that the idea is to build a cushion, so that even if they fall short of the 6000, which tesla has been wont to do, they will probably get 5000, which is what they have been promising all along. also information about a plan to add a lot more employees. he said they will be adding 400 employees a week to their factories in the coming weeks, a really big push to get to profitability. >> tesla shares are up on the news. "we're

good, elon musk. he is trying to break into the automobile is this as the cofounder and ceo of tesla. history tells us his prospects are not good. like preston tucker and john delorean, he is tirelessly promoting his vehicles. we see echoes of the delorean in the gull wing doors of some tesla models. he has the model s and x, and he is planning the model three, which might bring the tesla into the mainstream. just last night, tesla unveiled a semitruck that will be electric powered. this could also be a game changer. but in the end, let's face it, tesla is laboring in the shadow of failure. history does tell us that automobile makers, these maverick, independent automobile makers that try to get into the business, failed. and yet tesla has been around for several years. tesla has made more cars than tucker and delorean combined. last year, around 80,000 cars, way more than tucker and delorean together. and elon musk has ambitious plans to ramp up to 200,000. it is still very small compared to general

musk feels like all the overtime is paying off.e says model 3 line is back on track. >> i'm unlocked critical things holding us back. from reaching 2,000 cars a week. but since then we have continued to do 2,000 cars a week. >> do you think this is sustainable? this pace? >> yeah, yeah. so we will probably have -- i don't know, three, fourfold increase in model 3 output in the second quarter. >> musk critics have heard predictions like those before. a future the automaker has yet to reach. >> but elon you may be within of the few people to see it. a lot of people looking at you don't see it. >> probably have a, analysts look in the rearview mirror. >> what do you the mean? >> very frequently been, why people have -- underestimated tesla. they would look at tesla, what they have done in the past use that as the prks proxy. >> april fool's day, he mixed optimism with dark humor. on social media, in widespread concerns tesla may collapse. we are sad to record, tesl have? gaz aunaun -- has gone complete bankrupt. so bankrupt. you can't

you have to understand what elon musk is all about. of humor you might not like it but that's the way he operates. >> sometimes, jokes fail we all know that, especially me. thank you. >>> the big fun stories you need to know including a dramatic buzzer beat to win the women's ncaa speaking of basketball there's a lot of money on the line for the men, how much, eric chemi knows. >> that's right, brian billions of dollars at stake in this ncaa tournament curiously, if you win tonight's game, there's no extra money in it for you in the pool we'll talk about that, "worldwide exchange" coming up and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. >>> it's 5:44 p.m. in hong kong. you're looking at a live look at the hong kong harbor good morning, good evening, good afternoon. thanks for joining us on "worldwide exchange. i'm b

elon musk is now in charge of production at tesla. doug field is now going to handle strictly engineering duties the company says he has done it in the past and is in better position to step in right now as they try to ramp up production he was tweeting a lot today. some of it had to do in relation to his tweet on april fool's day. the guidances for 2500 model 3 per week at the end of the first quarter. media report says that tesla probably got to 2,000 a week analysts expect the number to be more in the range of 1500 to 1700 model 3s per week remember, yesterday being april fool's, elon musk sends out a tweet saying we are bankrupt if i thought there was any chance it would actually happen. we are showing you a two year chart of tesla keep in mind the stock broke below $250 for the first time since march of 2017. and we talked with ron baron, the legendary investors. he is still sticking with the stock. a wild day for tesla. >> didn't ron baron get in at double digits? so he has a lot of downside to where his level is in terms of elo

>> jon, betting against elon musk is a money-losing proposition.against him -- >> i'm not betting i'm just saying. >> i know you're not betting we're all going to sit here and throw rocks. nobody would place that bet. it is a stupid bet he will sit all the targets. he's sleeping at the factory, dialed in, hyper focused that is not somebody you want to doubt. he is a killer he is going to crush it. he's going to hit all the targets eventually and anybody who is driving the car will tell you they love it and will not shut up about it that's what you need to know if the product is transcendent everything will follow give the guy a little time and watch the magic. >> i mean, there is an element of scale here involved as well, but that's why there's the debate to see if he can pull this off guys, the last story today - >> he's got it. >> marissa mayer breaking her time at the internet giant and whether there are things she wishes she had done differently. she told the "times" i'm really proud of how well, we did. i think overall the team and the company

so in the tit for tat between elon musk's tesla and the ntsb, elon musk is saying you're not going tous from releasing information when we believe we should release information back to you. >> all right, thank you very much, phil lebeau. >> speaking of tesla, that stock is down 24% over the past months should you bet on mr. musk's vision in this sell-off, or is more pain to come? the tesla trade is next. you know what's awesome? gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. >>> we have a market selloff on our hands. let's take a look at one stock in bear market territory we're talking about tesla, still down 5% or so, following the company's model s recall late last week. let's debate the stock's next move with boris. what's your take on tesla? >> over

jeff bezos is trying to beat elon musk and out of this world tourism. first, our top story live from paris. former business minister sajid javid has been named britain's new home secretary. he will be tasked with moving on from the immigration scandal that brought down his predecessor, amber rudd, one of the prime minister's closest allies. we will talk more about this development. e, can the new interior minister move past the immigration scandal? benedicte: prime minister theresa may will want to put this scandal behind her. can she do so with the appointment of such a very -- cg job aid -- sajid javid? weeksl see in the coming and months. there is a history until about eight years ago -- there were six home secretaries in eight years under labor. it is a very big post that encompasses very many things. it deals with immigration, counterterrorism, knife crime, murders. it is a big brief. whoever is at the head of that has a big and complex task. should point out that the predecessor of amber rudd was theresa may, who was at the head, successfully -- s

musk wrote back saying not criticizing, just asking questions.hould he stopped tweeting and focus on the cars? >> it is a fair point. sure -- thelly twitter comments to take much time, but it has everything to do with what investors are focused on in the near term and everything to do with the cash burn story. they can't get this wrapped by q2, i think it have to go to the market and raise capital in q3. withlly come to the market good news, and they have a power to sell, and if they go to the market because they are in a cache find -- i am sure they will raise capital but it will be the first time they go and that challenge position. emily: you have a sell rating, why? colin: we are concerned about the production ramp, and er in a tight cap position and there is not a desirable position to be in, which is the production wrap. when they get on the other side of this wrap, they have it working capital benefit come and give to worry about the underlying profitability of the model three at the low price point that we think it might sell at. is going

i did think of you, you refer to elon musk.story on the bbc website and i tweeted earlier that elon musk is saying that if the meetings are long, just walk out. what you make of that? iama what you make of that? i am a great believer in that. bill gates was the inventor of the standing meeting and... you are not allowed to sit down. men in particular is that down in a meeting and love the sound of their own voices, so the shorter the meeting... iam allfor meeting... i am all for it. it's get back onto the agenda. we have a publication in the agenda. we have a publication in the us, an online publication, un security team comes under fire the us, an online publication, un security team comes underfire in syria. we are looking ahead to the fa ct syria. we are looking ahead to the fact that chemical weapons experts will be allowed in finally on wednesday, ten days after this horrific attack on the people. but clearly, the rite of passage is not there by any means and they are not able to get on with the job. that look like there i

by we, i mean me and elon musk.safety concerns. >> you've got the beautiful glass roof. a lot into the roof so that it's got infrared coatings and ultra violet coatings. it's like a really good pair of sunglasses. >> it stands out for its sleek minimalistic design but it's one of the automaker's key features. >> so creeping me out, though. so you're not turning. the car is turning. >> that's getting renewed attention. the autopilot system. it aids driving tasks like staying within a lane but it is not supposed to replace a human driver. >> you see how it's like warning us. >> why did it do that? >> because my hands aren't on the wheel. >> what's the purpose of having auto pilot if you still have to put your hands on the wheel, elon. >> it's because the probability of an accident with auto pilot is just less. >> less likely but not impossible. federal investigators are looking into last month's deadly crash in california involving a model x operating in autopilot mode. >> was there a defect with the system? >> the sy

this deadly tesla crash, elon musk speaks out. >>> a family on vacation who never made it to the bay area last week. >>> we are finding out why this driver ended up in need of rescue from the waters of the pacific. >>> and we are following breaking news from washington about to address the nation any moment right now. >> the president has been promising a decision on whether to attack syria for a chemical weapons attack. we are standing by for a special report. >> just to get you updated on the latest developments regarding this, earlier today, the u.s. ambassadors nikki haley saying the president isn't -- >> she said president trump said from the beginning the united states must have all the information and proof. here now is the president ready to address the nation. . crisis in syria now reporting. >> we come on the air because president trump is set to address the nation. as you know, the president has said a military strike could be coming. he has said that earlier in the week and continues to meet with top national security advisers. i want to bring in cecilia vega. we do know

elon musk joked that his carmaker has gone bankrupt.pite intense efforts to raise money, including msl of eggs, tesla has gone completely and totally bankrupt. but are the markets laughing? trudell,s is frank bloomberg's auto reporter. tesla is obviously facing challenges right now. the company is set to report numbers this week. how are expectations looking? it is not a funny thing now. there is widespread expectation that the company will not meet the forecast for ending the first quarter making about 2500 model 3 sedans per week. more importantly is the idea that if they get close to that skepticism about the production surge that they mounted at the end of the quarter being sustainable being -- going forward and skepticism about the company making the next milestone of 5000 model 3 a week by the end of the second quarter. there are ongoing issues regarding manufacturing problems , shortcomings at the assembly plant in california, and a better battery factory in nebraska. a lot of headlines on the fatal accident that occurred last mo

haidi: elon musk has been super active on twitter, starting with april. .ing to a journalist asked him for an interview, my focus is on getting the model 3on time. we had another spacex rocket launch. does he need to do more to convince investors this is his focus? mark: i think you have heard investors or just analysts or people who follow elon raise this concern of is his plate overloaded? this was a major question that to the companyd recently passing a huge pay package for him to lock in this idea that he will be with tesla for the long-term. he got spacex and all of his other interests, including boring company which is doing tunnels into the ground for alternative transportation system. he was tweeting this past quarter about selling flamethrowers to support the company. i think it is a legitimate question of whether or not he has put too much on his plate. you have seen people raise that. with rearing its ugly head tesla coming up short execution wise at the end of this past quarter. betty: if they do, if they give in, what happens to the cast positi

records elon musk for the past year was talking -- >> reporter: elon musk for the past year was talking about how much automation he wanted at the factory. and what we have seen during this week during the trials the company has been under is an admittance from elon that maybe there was too much automation at that factory. he gave an interview this morning to a tv station that was broadcast and he made that comment. and it's kind of stunning compared to some of his previous comments. >> interestingly enough, he let cameras in for the first time to see the automation process work in his factory. do you think this means, um, that he can actually side with more humans and get rid of some of the automation to build the tesla 3s because there are having so much issue now getting them off the line? >> reporter: in the interview he feels like he sees the path out of that manufacturing hell that he has been in since july when they started production in fremont. it's been a challenge. we know that there was an attempt to have a -- an automated conveyor belt system that he said just was crazy com

is elon musk moving closer to is elon musk moving closer to his dream of ending traffic for♪ this is people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ my mom's pain from moderate to severe rheumatoid arthritis was intense. i wondered if she could do the stuff she does for us which is kinda, a lot. and if that pain could mean something worse. joint pain could mean joint damage. enbrel helps relieve joint pain, and helps stop further damage enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma other cancers, nervous system and blood disorders and allergic reactions have occurred. tell your doctor if you've been someplace where fungal infections are common. or if you're prone to infections, have cuts or sores, have had hepatitis b, have been treated for

involving the company's autopilot system in an interview with cbs musk addressed the safety concernsimportant to emphasize we'll never be perfect. >> autopilot will never be perfect? >> no. nothing in the real world is perfect. but i do think that long term, it can reduce accidents by a factor of ten so there are ten fewer fatalities and tragedies and serious injuries and that's a really huge difference >> tesla's financial troubles have been in focus as the electric car maker has been burning through cash while struggling with the production of the three musk did say the company will be positive and cash flow positive in q3 and that did send shares higher, although a lot of discussion this morning, guys, about whether this violates formal or informal disclosure laws regarding guidance and whether it will actually happen or just talk. >> what elon musk tweeted recently is car biz is hell. what we're seeing interestingly is that he's struggling more with the business of producing cars than he is with the business of sending rockets into space and sending them back out again. and that'

what needs to happen so elon musk can deliver on the promise?ars produced per week. if they can get their based on our analysis, they will be free cash flow positive in the third quarter, and they can hold off on doing a capital raise until maybe later in the future. julia: is that what you expect? >> yes, that is our expectation, that they set this important milestone this summer. that within three to six months, we will not be talking about production. we will not talk about balance sheet or cash flow. we will talk about the tremendous market opportunity companyket has with -- has with the model three and the cars that have been coming to market. scarlet: the haters will always be talking about that. we: other big news today, were just talking about it, the news that china is going to open up its market to foreign automakers without the need for a jv. elon musk may have tweeted at president trump, if my memory serves me. theow this is kind of down road, but what does this signify to you as an opportunity for tesla? >> china is arguably the com

but does wall street agree with musk? here to tell us more, david roach joins us.tocks dividew wall street analysts in between lovers and haters. i want to dive into the bloomberg and look at gtd. this shows you how many short, how many bearish bets there are on tesla. overall float in tesla is currently shorted, phenomenal. that is the most in any u.s. stock. why the love and the hate? >> that's right. it's now the most shorted stock. for a while it was apple, now it is back to tesla. you have true believers who think elon has ambitions for wireless and autonomous cars, that he will have a great grant, and will be able to cash in. elon and people in tesla call them, think you will run out of money before he gets to that vision, and the shares will come crashing down, and somebody else, general motors or mercedes or combination of all the existing companies, will be the ones who make the cars of tomorrow that drive themselves and run purely on electricity. and those are the two opposing views. until tesla shows they can make money and stand on their own two feet wi

"cbs this morning" anchor gayle king rode with tesla's ceo elon musk to get some answers. >> you have this beautiful glass roof. ultraviolet coatings like a good pair of sunglasses. >> reporter: tesla's model 3 is sleek and minimalistic but it's one of the automaker's key features. >> creeps me out. so you're not turning, the car is turning? >> reporter: that's getting renewed attention, the autopilot system. staying within lane, it is not supposed to replace a human driver. >> we can't expect people -- >> why did it do that? >> my hands weren't on the wheel. >> what's the purpose of having autopilot if you still center to put your hands on the wheel, elon? >> because the probability of on autopilot is less. >> reporter: less likely but not impossible. an accident last month in autopilot mode. was it defective? >> the system worked as described. it's a hands-on system. it's not a self-driving system. >> reporter: a week after the accident, tesla announced that the driver had received several visual and one audible hands on warning earlier in the drive. the driver's hands were not dete

elon musk said of the meeting goes on too long, get up and walk out.n in? 0ver have been in? over two days. here? yes, a multiple day meeting. still to come... and reaching another level. we'll get the inside track on how competitve computer gaming has become a multi—million dollar business. you're with business live from bbc news. let's get more on that massive 85% fall in profits at department store debenhams. the shares are down more than 8% this morning. maureen hinton is with us, she's retail research director at globaldata. staggering figures, but it is sad to say they are not unexpected? no, there has been a highlight of discounting and debenhams has taken the brunt of that. sales are in line with what they were last year but it is discounting and they have such a focus on fashion, it is really disappointing for them. you say that, but we feel debenhams has been on the back foot for a long time and if you put it with the extreme weather, which is why they are saying they are having a tough quarter, what is the outlook for debenhams because they

tesla stock continues to get hammered ceo elon musk is joke about bankruptcy on twitter.treet done giving him and the company a free pass? housing and home improvement stocks getting crushed but a new stat out today that could provide some hope. "power lunch" starts

.>> elon musk is defending his decision to release information on a deadly crash. the reason why federal investigators are not happy about that release. >>> you can see traffic is doing pretty well if you are driving this morning onto 80 in san jose. it is off to a nice start. >>> welcome back. tesla is ceo, elon musk, is defending his decision to release information on a deadly crash. the ntsb was not happy about that release of information. in a tweet, elon musk wrote, quote, a lot of respect for the ntsb but they do not regulate cars. tesla released the critical crash data affecting public safety immediately and always will. to do otherwise would be unsafe. that came from the ceo. on friday, tesla confirmed that the driver killed on highway 101 was using the car's autopilot feature. tesla also says the driver was not holding onto the steering wheel right before the crash happened. the ntsb says it's previous -- preliminary report to be several weeks away. >>> facebook's ceo, mark zuckerberg, is reacting to how apple's ceo, tim cook, criticized him. it is over th

elon musk said the vehicle's autopilot was not the problem. >> the system worked as described. it is not a self-driving system. >> the company warns drivers to remain alert. tesla released data walter huang had his hands off the wheel for six seconds. >> reporter: his widow said he complained on six that same location. the same barrier. >> yes, that is why i saw the news and i know it was him. >> reporter: she found out from watching the news that her husband had crashed. her attorney said it appears the autopilot got confused. >> it misread and the breaking systems failed to detect a stationary object ahead. >> reporter: elon musk did not address why the autopilot ended up steering into the barrier. >> it will never be perfect. nothing in the real world is perfect. but i do think that long-term it can reduce accidents by a factor of ten. so ten fewer fatalities and serious injuries and that is a huge difference. >> reporter: musk defended releasing details of the crash. he said this is just way too long. >> more to come. thank you. >>> coming up, we are going to take a look at

caroline: the value of elon musk and spacex keeps falling.maker authorized a $507 million fundraising round and an evaluation of about $25 million. it the thirdke most valuable after uber and airbnb. anything less for the potential to cheer up technology investors, and earnings report from netflix. will be the first to report earnings and comes at a .ritical time the s&p 500 information technology indexes trading just about the halfway mark between march 12 record and the 2018 blow on february 8. netflix could be the bright side to the tech center. joining us now is geetha ranganathan of bloomberg intelligence. at thei'm looking numbers. these should be strong numbers. geetha: absolutely. but unlike other companies, in the case of netflix, it is not so much about the apf in revenue, it is really about the subscribers. this has been a subscriber growth story, court or in and quarter out. good news for both netflix and investors is that expectations are really strong. netflix is coming off of a phenomenal fourth quarter. it was actually their b

a series of blunders with elon musk.tting -- panasonic derives about 1.5% of its revenue from tesla. productions three face more hiccups, that could weigh on new orders. improved to $10.3 billion for the energy producer. that is something to keep an eye on. overall, we have quite a few things to consider in asia today. tech shares certainly in the spotlight. we have our lives strategist mark cranfield in singapore. mark, just watching the tech selloff, is that the biggest source of concern in the market? and trade areech the two things people are most worried about. there have been concerns about major tech companies. it started with facebook and seems to be spreading to amazon as well. companiesery major and they have an influence on the market. china has retaliated with some trade measures of their own. who knows where the u.s. china trade standoff will go? it is important for global markets. if china and the u.s. cannot agree on how to do trade with each other, it affects everybody in the world. people are watching th

car company was bankrupt tesla shares dropped eight percent on the tweet but musk's had the last laugh. by friday opening his company's share price had bounced back by twenty five percent. you're right bearish was badly beaten up along this track he's brought the printed smartphone pictures with him as evidence a competitor sent a group of armed thugs cut down his rapeseed and drove the fifty eight year old off the land here at least state owned fields he'd farm for decades his rival obviously has good connections to the local authorities is leasehold was canceled from one day to the next and transferred to his attacker there's certainly a lot of money at stake. they were only interested in getting their hands on the e.u. subsidies. she says organized crime gangs in eastern slovakia are taking over huge areas of arable land to become eligible for millions of euros in e.u. subsidies every year. he says he knows of thirty other farmers who've been driven away by violence and blackmail so far you're right barrett is the only one brave enough to come forward and talk about it publicly. the

elon musk is a big personality. there are lots of big personalities in the tech world. the story references amazon and uber, also having a difficult time. we have heard a lot about new regulations on facebook. perhaps most threateningly, a crisis in consumer confidence. the point at which tech stops being new, flashy and exciting and perhaps starts being concerning to the average person who might get into a d riverless person who might get into a driverless car, that is where profits might start to plummet. thank you very much for your thoughts. thank you henry zeffman and jessica elgot, you'll both be back at half 11 for another look at the stories making the news tomorrow. coming up next, meet the author. sir antony sher‘s portrayal of king learfor the royal shakespeare company was acclaimed as a crowning achievement in a major career. the role is so demanding it is often described as the arrest of acting, and in his new book he captures every step of the journey, in a year of the mad king: the lear diaries, he charts the months involved in researching and rehearsing

david: let's keep talking about elon musk.sla going bankrupt, but the fate of the company keeps going back to the basic question -- how fast can it produce cars? hasuction on model 3 improved, but it is a far cry from the target of 2500 cars a week. joining us now is jamie albertine. he has an overweight rating on tesla. good to have you here. first, give us a guess about when we will know the numbers. when will we get new production numbers? can you hear me? jamie: yes. good morning. david: so when do you think we will get numbers on model 3 production? jamie: today or tomorrow is what most people are expecting. it usually comes a day or two after the quarter is over. david: are you resigned to the fact we likely will not see 2300 a week -- troy 500 a week? jamie: i am. our expectation is that the whisper number is somewhere in the 1700 or 1800 per week range. to the extent that they can show they are making significant weekess from the 1000 per number, it is good news. david: i am much of a have ever made their numbers in pr

musk said that's way too long.an noise, abc 7 news. >>> now to a crash with a much better outcome. incredible really. a dramatic scene and really a miraculous outcome after a minivan plunged nearly 140 feet down a steep cliff and right into the ocean. in the area known as devil's slide, you can see the 38-year-old driver clinging to the rocks, waves crashing on him waiting to be rescued. the man was in the water about a hour and a half before first responders were able to repel down the cliff and strap him in a harness and pull him back up. >> he claimed not to have any major injuries. it's very lucky number one it was witnessed and number two he was uninjured. >> chp says the man was taken to the hospital with nonlife threatening injuries. he was the only one inside the rented vehicle. investigators are investigating how exactly it happened. >>> just ahead the abc 7 exclusive interwith james comey. >> i honestly never thought these words would come out of my mouth. >> the president's response. >>> plus an unusual

musk's proposal has elevators lowering driver's into tunnels... and onto electric sleds. exemption still requires approval by the full city council. ( james )if you have noticed.... there are fewer scooters rolling on san francisco sidewalks. that's because they are being scooped up by the city's department of public works. kron4's haaziq madyun has the story since last friday there has been close to 300 e-scooters poundebysan francisco department of public works. this is an sfdwp photo of iple scooters that were blocking a sidewalk in front of an apartment building. the scooters are not there any more says sfdwp spokesperson rachel gordonsotit is images like these that prompted the sf city attorney's office to issue cease and desist orders to three e-scooter companiessot

how much tesla is suffering after elon musk's tweet. have bee past 24 hours. the most recent was a magnitude 2-point-6 in santa rosa, >>> happening now, the bay area is shaking. there have been 30 small quakes in the past 24 hours. the most recent was a magnitude 2.6 in santa rosa just after 2:00 today. check out the earthquake tracker, it's there on our home page. and on our twitter page, winnie mandela died today at the age of 81 in south africa. she was best known for fighting apartheid and was the wife of nelson mandela. trust and loyalty. you and lantus. you go together, so stay together. ♪ stay together with a $0 copay, you've got zero reasons to leave, and every reason to stay. lantus is used to control high blood sugar in people with diabetes. do not use lantus to treat diabetic ketoacidosis, during episodes of low blood sugar, or if you're allergic to insulin. get medical help right away if you have a serious allergic reaction such as body rash or trouble breathing. don't reuse needles or share insulin pens. the most common side effect is low blood su

elon musk has talked about how automation issues have kind of been holding the company back.talked about the idea that at some point, you know, the assembly line will be more automated than anything else we have ever seen and tesla will make a lot of model 3's, but the proof is not in the pudding at this point. julie: is there a perception he will get there, it is just a matter of time, or does the technology not really exist in its present form to get to the pace they want to get to? : one ofne of -- craig the most respected analysts out there did a report on the toyota production system and disappear away that japanese carmakers were operating their plans compared to companies in detroit. he issued a report last week really casting doubt on whether elon musk made the right bit in automating -- bet in automating the assembly line.he said that others tried this and they failed and they had to go back to a manual process. we did a story some weeks ago about honda taking a manual approach and expecting for the foreseeable future to take a manual approach to making the accord, t

so there )s a good chan >>> finally tonight, elon musk's net worth is more than $10 billion so there'sa good chance the tesla ceo can afford a new sofa. but that's not stopping some of his friends from starting a gofundme page for the billionaire. he sleeps on the floor of the factory because the couch is too narrow. more than 200 people decided something needed to be done and they started an online fund-raising. so far they've raised more than $3,600 for a sofa for him, which is kind of nuts because he could just buy a sofa factory and make lots of sofas, and they'd be electric sofas for himself. >> or he could just go in the factory and get a tesla seat maybe. >> and recline it. >> good idea. >> just sayin'. >> maybe he'll donate the money. >> that would be a good idea. that's going to do it for us. thanks so much for joining us. >> bye-bye. investigative unit, call 8-8-8, 9- 9-6, t-i-p-s. [ cheers and applause ] ♪ >> steve: from studio 6b in rockefeller center in the heart of new york city, it's "the tonight show starring jimmy fallon." tonight, join jimmy and his guests -- joel mch

elon muskwkins's funeral, but the paper says he had a lot of frustration with wall street and he has taken it out on twitter. there isa has taken it out on twitter. there is a lot of expectation from this man? a really interesting time for tech companies. elon musk

here, sources say he will rub shoulders with tech heavyweights like apple's tim cook and tesla's elon musk. >> now the prince is trying to diversify his economy, and he wants to have more technology-based industries. >> reporter: his goal would be to bring technology to saudi arabia to replace oil, which he knows will eventually run out. the crown prince is young, 32, and portraying himself as a reformer, recently giving women the right to drive. rumors of his visit to the valley have people talking. >> i think it's amazing. i think it's over the top, and i think it's amazing. >> yeah, huge deal. >> reporter: now for the entire week, the business community will be focused on silicon valley. in east palo alto, cheryl hurd, nbc bay area news. >>> we are tweeting updates on the saudi crown prince's visit. you can follow us on twitter @nbc bay area. >>> it's spring break for many but this weather won't last long. let's bring in chief meteorologist jeff ranieri. >> it does look like this could bring some heavier rain as we head throughout this week. we get a look at storm ranger radar. as you g

musk wrote back not criticizing, just asking question. he stopped tweeting and start focusing on the cars? fair point ia -- i think we are in a twitter point. era. obviously the importance for tesla is ramping the model three. it has everything to do with what investors are focusing on in the near-term and everything to do with the cash burn story. if they can't get as ramped by q2, i think it will have to go to the market and raise capital in q3. that is a challenge for them, because they usually come to the market with good news. story tolly have a sell, a new product to sell, and if they are going to the market because they are in a cash bind, i am sure they will be able to raise capital but it will be the first time that they go in that challenged position. emily: you have a sell rating. why? colin: we are very concerned about the production ramp. as i said, they are in a tight cast position, and that is not a desirable position for any company to be in. when they get on the other side of this ramp, i estimate it will get a nice worki

. ♪ ♪ tesla may not be bankrupt, as ceo elon musk it falls day.stors worry about production numbers meeting the 2000 mark. the electric car maker faces serious financing challenges ahead. let's bring in bloomberg corporate finance reporter, molly. that itpointing out doesn't need cash this year, but di may need it next year. molly: it is looking at how they are expected to burn through this year and how much they ended with last year. you are thinking they could get by without raising more money, but should they? analysts think maybe not. theie: now they have passed 2000 mark improve and they have ramped up, they are getting there? molly: that is encouraging. if you end up getting to the 5000 a week mark on the model 3 in the third quarter, the company is saying that should give them cash flow so they won't need to raise more money this year. you also have a refinancing needs, and maybe you don't need to raise it operationally. vonnie: let's take a look at one of the outstanding bonds. the price dropped substantially on the 2025. unless a it has p

that tweet by elon musk on april fool's day about the company going bankrupt, i know it was an apriljoke, but given the financial issue that's tesla is facing why would you joke about going bankrupt? >> well, investors don't seem to be laughing today. the stock went down more than 7% early today closing 5% down. some analysts i talked to were thinking maybe elon is trying to be bullish and overconfident to send a signal to the market that he has no fears here. >> okay. we'll have to see how that strategy plays out. tim higgins, always a pleasure talking to us today from san francisco. thanks. >>> we located jesse hernandez alive and talking. >> this is really a pretty incredible story. this 13-year-old swept away into what's called a maze of pipe. how he was ultimately found. >>> and we're tracking that weather out there. it's warm, spring-like. theres some rain out there as well we'll see in a few minutes. 0. >> this portion of ktvu news sponsored by visit santa cruz county. go to let's cruz.com. >>> so a 13-year-old boy who fell down a los angeles drainage pipe into a river of sewa