musk as the subject. what are they supposed to do if they feel as though the coverage is decidedly negative. unfair or exaggerated if you can't in this digital age, go on social media and go to the source, what resource is there for a ceo? z>> you have to have a board that's a stronger board than what jonathan bush had at athee na health or cline field where the ceos were unable to speak back if they could speak back with the facts, give them a dichffern point of view, they have a chance to persuade people. but not encourage them to go on the attack for elon musk to attack n its a or tony, he fired back just a month and a half ago your questions are boring and next question he wouldn't take investor questions. the board has to encourage the ceo to figure out how to respond directly, but with the facts and not personal innuendo. >> i think there's one added thing that we're missing, which is that if you're a traditional ceo like jamie dimon is a great example and someone is out to get them with theirstantl

still love musk. why? it might have something to do with the whole watch that he does, not what he says thing we'll explain. first we start off with the markets. best performing sector, health care up 3% with terms like this we don't need a new drug, do we investors like what they have. soaring 20% on positive drug data they are all getting a boost this week. as trade war and global concerns heat up, is health care the ultimate hideout trade >> i'll tell you what, i think it's a great sector if you're just looking at bottoms up fundamentals, growth is around 20%. i think you've taken some of the spotlight from negative regulatory front off these guys. at a time when people are worried about trade, cross-hairs, cross-fires, whatever you want them to be i love biotech, i own gilead, amgen, idb riding from first quarter 2016 we kind of forget about biotech now and then you look at biogen and that story you prefaced with is exactly why people love it done nothing four years and today up 16%. >> positive o

billionaires are similar in some ways but also have different strategies. -- the elonine musk musk is a remarkable story with spacex. tesla gets all the headlines, but spacex is a $28 billion business. gwynne shotwell makes spacex work. amazon is consuming everything, and disrupting everything, yet he's been methodical with his space company. we have seen a recent lift off and landing. you watch him and you're like, this is a methodical way of doing business. who knows what happens? jason: next, we speak with one of the engineers behind nasa's mission to bring a space shuttle -- a piece of a comet back to earth. carol: and what was it like for the first much of a space shuttle, the columbia mission from 1981. jason: this is "bloomberg businessweek." ♪ carol: welcome back to "bloomberg businessweek." jason: you can also find us online. carol: and our mobile app. week, an space this plan. jason: a plan at the space agency to do something that has never been done before. carroll: and that is to bring a piece of a comment back to earth. dimitra: the caesar mission is a team of people led

there is this great guy, musk, very smart. you are also trying to come up more importantly, you are using the small steps to make the case you are going to do something larger. they were very transparent about their progress. they were test-firing engines -- -- when they had testfiring the engines even when they had , failures, they were very transparent about saying, here is what went wrong and here is how we think we are going to be up to fix it. this is why you should continue to bet on us. carol: into positives rather than negatives. max: absolutely. and they were charging less money. there was an incentive for these satellite companies and the government to take a risk on these guys. musk is saying, we're untested, but if this works, this may save you hundreds of millions of dollars on every launch. jason: tell us about her relationship with musk. she's unique in her longevity. also, there is a yin and yang about it. it often falls to her to walk back some of the things he has said or not said. max: there has been all the

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

musk has been known for -- elon musk has been known for picking fights. often he is not choosy about the fight. in this case, he picked a fight with somebody who i think had been considered a hero. these divers who saved the boys on that soccer team had risked life and limb. there's something distasteful about making unfounded accusations but particularly at somebody at that moment. it is part of a pattern and with musk come you have to take the good with the bad. this is somebody who is extremely hands-on, technical, unconventional in a lot of different ways. and that has led to a lot of amazing marketing. but we have another situation where it is kind of a cell phone where tesla is in the middle of this crisis trying to get as many cars out the door, and meanwhile, you have this distraction. emily: let's take a listen to some of his most recent greatest hits, i will call them. >> next. bonehead questions are not cool, sorry. these questions are so dry. they are killing me. i am here to convince you to buy our stock. do not buy it if it is scary. there y

need elonesla and you musk to engage with you. have you heard from musk, have tesla?>> we have not heard from them. that he will read it. i'm not optimistic that we're get an apology. in other words, i'll be surprised if we get an apology. is going to slow down and i am willing to bet his behavior on twitter is going to change going forward. emily: how optimistic given you that what is happening in tent. how they are working to get production under way and meet targets that he has set out for tesla. many of which they have already missed. do you think they can get it together and meet some of thee production goals before end of not?ear or is he too distracted? >> he's not too distracted. he -- that's the irony, by him tweeting this stuff out gives perception he's distracted. the company is making measurable progress that's 5000 a week number. that's probably wasn't tweeting this sustainable. really had to throw everything they had to get that across the line. will see a greater loss than expected for the june quarter because of the amount to spend. if you look at the

musk referred to him as a pedo, short for pedophile.h few weeks for musk after he accused employees of sabotage and got into an argument with an artist over the use of an unicorn image. >>> police are urging stopping using rat poison after sick bobcats were found. this dying mother with her cub was spotted at wilder ranch park. the second a few miles away. both showed signs of manage, often fatal. wildlife emergency services found four bobcats suffering from mange. there are plenty of nontoxic alternatives to rodenticide. >>> a great day for >>> spencer christian is up next with the accuweather forecast. >>> the a's are one of the major's best road teams. they're trying to continue their streak. something has to give. >>> he is a splash brother, but and i am a senior public safety my namspecialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolutely love

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

musk. >> i'm still long the stock. i've been long below 300, and i'm hoping it doesn't retest that 280 level ask you're never shocked at any of the volatility in here. definitively, if he left this stock craters and this will be cut in half and easily pre-market or post-market, whenever the news would break and you sort of want to keep him there and the board will not do a whole heck of a lot in trying to rein him in of course, you don't want to see these tweets as a shareholders, but they are being bought even after they're losing some of those headwinds and capability >> why does he need one step back, and two steps forward and $2 billion twitter rant over the weekend. not necessary. >> my view is it's been spent and there's a lot to fek us on on the ceo why bother >> that's part of the reason why people love tesla. bottom line is the stock has done absolutely nothing in terms of the annualized 8% in three and a half years i can dhcherry pick the spot, b the point is if you messed those spots and you've been a long-t

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

divers called musk's sub a pr stunt and wouldn't have made musk replied on twitter he never saw the diver at the rescue site and then musk referred to him as a pedo, short for pedophile. the diver said he was astonished and angry at the attack. musk has deleted the tweets. >>> california democratic party leaders met in oakland over the weekend and sent a message to dianne feinstein, your services are no longer needed. the party passed up endorsing dianne feinstein in her quest for a fifth term in theep u.s.o implications. >> reporter: months away from the november elections and the race for u.s. senate is heating up. the california democratic party opted to endorse kevin deleon over dianne feinstein. >> the vast majority of californian without question know the senior senator because she's been the incumbent over a quarter of a century. we have a real opportunity to contrast our values, our accomplishments and vision for the state of california. >> reporter: the board ended up backing deleon with 65% of the vote after meeting saturday in oakland. >> we want someone who is going to be in t

musk tweeted again saying, bet you a signed brawler it's true. -- signed dollar. musk offered no proof. >>> the gas station cashier is being credited for saving a woman from her suspected kidnappers. this happened just east of modesto caught on camera. reporter tom miller shows us what happened. >> reporter: this is the moment the woman who investigators say was kidnapped from fresno and sexually assaulted overnight got away from her captors by convincing them to let her use the bathroom. she walked into a waterford gas station and asked the first person she saw for help. >> the first thing she did tell me was i was kidnapped and they have guns, please lock the door. they will kill me. it was like, okay, all right. >> reporter: just before 3:00 when 24-year-old savannah pritchett, a cashier, realized the severity of the situation and needed to make a split- second decision. >> she didn't have a phone and i had my cell phone and i was like, i'll put stanislaus county on the phone and here you go. >> reporter: trying to find a safe spot, pritchett took her into the

even rest -- musk deleted those comments. going to question whether he has it together? max: they are in a bind. the stock fell today. it seemed like there was some punishment for this. but part of the problem is tesla is probably worth more with elon musk running it than without him. situation where you have a ceo who is perceived by some to be a little bit out of control, a little unfocused. on the other hand, is also the secret sauce. extent that tesla has a future, i think most investors, even tesla skeptics would prefer to have elon musk involved. it is a bit of -- they are in a bind. it is hard to figure out where they go from here. emily: max chafkin, as always, thank you so much for breaking it down. that does it for this edition of "bloomberg technology." we are going to keep our coverage of amazons glitched prime day front and center with over 300 -- $3 billion estimated at stake. i'm emily chang. this is bloomberg. ♪ this is bloomberg. ♪ ♪ >> take shares drive markets lower. netflix plunges after the earnings. cell

emily: should musk stop tweeting, full stop? >> no.has a way to engage with customers through twitter. what needs to stop just ignore the shorts. you start to engage with the shorts. you will lose that battle. focus on the production side. anything out of bounds like we saw more recently, that's the stuff that needs to stop. he can tweet all he wants about , for example, the things they're doing to improve the production, if it's focused on the right piece of advancing their mission. i think there is still a place for him to do it. i think he needs to take a break. emily: gene munster on his open letter to elon musk. we'll be watching the tweets. that does it for this edition of "bloomberg technology" from san francisco, i am emily chang. this is bloomberg. ♪ two, down and back up. our phones are more than just phones. they are pocket sized personal trainers... last minute gift finders... siri: destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity intern

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

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

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

musk had offered a sub, and one call called musk's suba pr stunt, and musk then referred to him as the pedo, short for pedophile. the diver said he ishe at uy he is.fu commen >> would you consider taking legal action against him? >> yes, yes. it's not finished. >> musk has since deleted the tweets. >>> are you looking for another reason to enjoy that cup of joe throughout the day? well, look no further. a new study published in the journal of american journal association found that individuals who drink eight or more cups of coffee a day had a lower risk of dying by nearly 15%. the benefits aren't from the caffeine itself. in fact researchers say there are many other noncaffeine components in coffee that might play a role. >>> a major shoe company just announced a major goal. what adidas plans to give up completely by the year 2024. >>> and that accuweather sunshine very effectiv us up co. a live lack at san jose. the shark tank soaked in denny♪$5.99 are you out of your mind?♪99! seriously?! yup! eggs. hash browns. bacon. sausage. and buttermilk pancakes! ♪$5.99 are you out of your min

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

musk offered up a smallot used diver called musk's offer a pr stunt.when musk tweeted, sorry, pedo guy, it seems short of pedophile with no backing and now the diver is threatening to sue and tesla lost $2 million of market value. >> the worst guy to pick on, a hero, apparently he saved these kids and he picked the wrong guy. what elon needs to realize, what he says in public and what he tweets has an effect on shareholders and the company. >> musk later deleted the tweet. criticism quickly piled up on social media. i reached out to tesla for comment. they did not respond in time for this newscast. the communications professor also points out while leaders may feel invisible, words have consequences. investors are concerned about what the ceo stands addition to how many cars and rocket ships he can build. >> it is pretty interesting what he does. >>> president trump ended the summit with his russian counterpart, calling it a productive meeting. but lawmakers in d.c. on both sides of the aisle aren't so convinced. >>> stopping deportations, a move by a

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

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

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

musk tweeted over the weekend - the issue is now resolved. the artist says it )s an agreement everyone can feel some - um.... )relief ) about. ad lib toss to weekend weather next and new this morning... next and new this morning... a superhero history. the first )transgender ) character.... joining the )d-c comics ) universe. but first - an unsettling thought for anyone who )s ever taken an uber or lyft. uber )s response this morning... after a driver secretly recorded passengers and streamed the videos live online without them knowing. mike traffic tease how would you feel about being recorded while you are in the backseat? a ride share driver is suspended after its discovered he was recording and livestreaming passengers. 32-year-old "jason gargac" recorded hundreds of st. louis riders without their permission while he was driving. gargac posted the videos to "twitch" -- where people would comment on the videos and even rate passengers. more troubling -- this might not be illegal as missouri is a "one-party" record state -- that means a per

musk. in the last earnings call, he sort of snapped at some of the sort of more difficult questions from wall street analysts. so i think, one good sign, and this is going to be a low bar, but if he is able to play it cool, if the call is sort of uneventful in terms of any outbursts, that will probably be taken as a good sign as well. emily: musk has had a lot of ups and downs. he's recently apologized for some of the things he said on twitter. you are one of the analysts that -- he's insulting analysts across the board smed -- board. how do you feel about his behavior? >> it's a difficult job to be the c.e.o. of a public company. i think he needs to grow up and -- emily: yeah, but other c.e.o.'s don't behave that way. >> sure. they don't tpwhave way. but -- behave that way. but they're under a lot of pressure. i'll say that i don't think it's respectful and i don't think it's right. but it is what it is. i have a job to do and i'll do my job. emily: talk to us about some of the other thing

musk. >> thank a wedding proposal fail you have to see.lus, a daredevil stuntman makes history in vegas. got simparica now. simpari-what? simparica is what kills tick and fleas, like us. kills? kills! studies show at the end of the month, it kills more ticks in less time than frontline plus and nexgard. guess we should mosey on. see ya never, roxy! use simparica with caution in dogs with a history of seizures or neurologic disorders. the most common side effects are vomiting, diarrhea, and lethargy. say goodbye to ticks and fleas... with monthly simparica chewables. you'll make my morning, buty the price ruin my day.ou? complicated relationship with milk? pour on the lactaid, 100% real milk, just without that annoying lactose. thas good. i'm about to pop a cap of "mmm fresh" in that washer with unstopables in-wash scent boosters by downy. ah, it's so fresh. and it's going to last from wash to wear for up to 12 weeks. right, freshness for weeks! downy unstopables. for a fresh too feisty to quit. and now try downy unstopables with the origin

he says he's considering legal action after mr musk tweeted a baseless slur against him.lped rescue 12 thai balls in a football coach from deep within the cave of almost universally been acclaimed as heroes but not by everyone. entrepreneur elon musk played down their achievement, saying they could have simply swum to the cave to get the boys without even using any diving gear. the tech billionaire appeared irritated that the rescue mission rejected an offer of a mini submarine built by elon musk to assist in the effort. the row escalated when he then sent to tweet, apparently making baseless slur against vern unsworth, a british cave diver based in thailand had ridiculed the submarine idea, calling it a pr stunt. mr unsworth condemned the tweet. calling it a pr stunt. mr unsworth condemned the tweetlj calling it a pr stunt. mr unsworth condemned the tweet. i don't really understand it. obviously it's a bruised ego. at the end of the day, we we re bruised ego. at the end of the day, we were here to rescue 12 young boys. unsworth had travelled into the caves in the first d

musk called the rescue diver a pedophi pedophile after he called out musk.he british diver threatened to sue. musk eventually apologized for his actions saying they were vagueless tweets. >>> one of the last flower shops in vallejo is having a tough time staying in business. it's been robbed twice in three months. in april, the shop owner was robbed at gunpoint. it was caught on surveillance tape. the gunman got away with cash from the register. she just wants the crimes to stop. >> if i didn't have all my employees here, i don't know that i would keep it open, you know? but everybody relies on this business to live. and so, you know, i've got to keep that in perspective. but it's frustrating. >> she says she caught the robber off guard by asking for a hug. and he said yes, with a gun in hand. >>> trying to catch a peeper, two peeping tom investigations under way in two bay area cities. police are hoping that these images will help identify them. this man was looking into a bedroom window in a home near johnson park wednesday night. the man who lives at the

in response, musk did what anybody would do.ve twitter platform to accuse him of being a pedophile. as far as i'm concerned that is literally the worst thing you can say about someone. tweeting, sorry pat okay you really . was this just a blow to the head? after the outrage musk did not back down, he double down, again saying assign a dollar it's true. eventually after's shareholders told him to issue a an apology which still included an attack. his actions against musk, actions against you, this is just a regular caving guy, you're billionaire, one of most famous people in the world with a string of celebrity wives and girlfriends and 20 million followers. i hope they shower him in taxpayer subsidies. reportedly $5 billion worth. it comes with a federal government subsidy. tata further taxpayers in certain states including arizona, colorado, louisiana and california. if you're happier tax dollars are at work to help some of the richest people in the country show off their environmental virtue and to help one of the richest peop

musk has been active on twitter throughout the process.volunteered to send a team of drilling engineers from spacex and the boring company to thailand. one idea he had, building an underwater air tunnel. he tweeted out this video earlier today of the equipment being tested in a pool in los angeles. musk says they're going to continue to test in los angeles just in case their equipment is needed in the future. >>> that cave rescue a top story on nbcbayarea.com. head to our home page for complete coverage of the rescue mission. you can count on us to update you with the latest developments on air and online. >>> new at 5:00, a brush fire that broke out between pittsburg and antioch had fire crews scrambling this morning. the fire started just north of highway 4. it burned right up to a wastewater treatment plan. behind that plant, another hazardous materials facility which also posed a big risk. several commercial buildings and roads were also threatened by this fire. firefighters say it started right next to some small homeless encampments,

in the next hour, we became a regal car company, those are the words of elon musk after reaching hisoal of building 5000 model threes in the final week of june. we have reaction and analysis. plus, dell is going public again offering a cash and stock deal point $7 billion entering a new stage of multiyear turnaround plan. more institutional investors are diving into kudos and coinbase is taking customers. how one of the world's biggest crypto exchanges plans to sign under management by the end of the year. story,st, to our top while to has let engineered a late quarter production for the model three, it delivered fewer sedans and cuts than the second quarter than expected. the late surge has thousands more of the cars in transit towards buyers. for the first time, tesla exceeded its target of building 5000 model threes in a single week. isning us from los angeles the chief investment officer, ivan, and in new york, max check in -- chaffkin. tesla's news crossed its benchmark, why all streets -- wall street's understated response? >> the stock is down -- because ofr auto trade issues.

musk replied on twitter he never saw the diver at the rescue site and then musk referred to him as a short for pedophile. the diver said he was astonished and very angry at the attack. >> i'm not going to make any further comment about him but i think people realize what sort of guy he is. >> would you consider taking legal action against him? >> yes, yes. it's not finished. >> musk has since deleted the tweets. >>> a shakeup within california's democratic party over the weekend. instead of endorsing four-term senator diane feinstein the party opted to endorse state senator kevin de leon and it could be a major political shift within the party. >> de leon got 65% of the votes saturday during the party's meeting in oakland. >> we want someone who is going to be in the united states senate standing up for immigrants, standing up for the lbgt community, standing up for people of color, in a very strident, very forceful way. >> the endorsement means the party will spend more money to help de leon in november's election. he still faces an uphill battle. ste feinstein's camp points out she

and said musk's efforts a, quote, "p-r stunt."hai cave system helped rescuers locate the missing soccer team. musk's device was ultimately not used in the rescue mission and all 12 boys and their coach made it out of the cave alive. (grant) there is no indication the disparaging claim musk made 22 million followers is true. representatives for musk did not respond to requests for comment about the incident. (ken) coming up -- why c-v-s officials are apologizing for an incident involving a customer...a coupon...and police. (grant) plus -- we have an update on the man suspected of raping multiple women while posing as a ride-share driver will face criminal charges. (ken) we continue to learn new information tonight about the man dubbed the rideshare rapist. the san mateo man is accused attacking four women in san francisco. (grant) we are now learning that the da's office has decided to charge the suspect. kron 4's dan kerman reports from the hall of justice. it now turns out that orlando lazo, the man arrested for sexually assaulti

elon musk tweeted on his 47th birthday that he had spent the night in the factory.ean they can't take a break, right? there's a lot of pressure on this company. is this the turn-around that some tesla watches hope it is? >> you have to hope the way that elon musk has been living where it seems like he is up all night, sleeping in the factory. you have to hope he will take a day or two and just rest. all of these tesla employees, as indicated that we published, have been basically working nonstop. i think what they are doing now is not sustainable. the hope is, as time goes on, they will be able to improve their robotic manufacturing and that will get them up to 5,000 cars. the idea is to get the same kind of production number without looking and feeling like you have been punched in the face every day, which is kind of what is happening. >> elon tweeted, or he emailed employees, we have just become a real car company. that is ironic considering their market cap exceeds many traditional car companies like gm and ford. why did he write that? >> well, because this is a

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

max: it has been an awkward thing for elon musk.his dream car company, associated with a lot of liberal causes. he also runs a company called spacex which is a giant defense contractor. giant defense contractors have to do business with both sides of the federal government. there is a bit of tension here that has been going on for years. musk has reached a level of prominence, and people are ready to jump on him. this disclosure about the donation to republicans wasn't timed well. julie: bloomberg businessweek's max chafkin. , deepn read that great dive into the production of the factory out in california in the latest edition of open bloomberg of "bloomberg-- businessweek" or online. prime, you to amazon saw some dogs instead. apparentlythe site spiked when the event began at 3 p.m. eastern time. this according to down detector which monitors trouble on websites. the estimates for spending on prime day, $3.4 billion, up more than 40% from the year earlier. when it crashed, there were pictures of dogs that are there and the message

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

musk saying sorry, pedo guy. short for pedophile. the driver is threatening a lawsuit over the false allegation. tesla has not commented and musk deleted the tweet. >>> it's the biggest day of the year for amazon. it's called prime day and kicked off at noon today. it's basically a 36-hour mega sale. when some people tried to log into amazon, they got this error message. sorry. amazon says people still have plenty of time to get great deals. subscribers can also get deals on groceries at whole foods. amazon created prime day in 2015 to celebrate its 20th anniversary. >>> well, the odds of getting struck by lightning is one in 3,000. and one of three lake tahoe area brothers knows what it feels like. >> feel like i'm going to die. >> feel like i'm going to die is what austin said after being struck by lightning. he and his two brothers were hiking the pacific crest trail in washington state when the storm suddenly hit. austin was thrown 15 feet in the air after lightning tore through a tree and the force blasted him. it shredded his c

elon musk. he sent a team of engineers to help with those rescue efforts in thailand.ust how they can help using musk's technologies including pumping water or providing heavy duty battery packs. musk's tunneling startup company the boring company which it's called could also potentially help with its massive drills or excavation expertise. but those methods may be too dangerous in this particular situation. >>> a wildfire ranging near the oregon border has left at least one person dead. the klamathon fire has burned more than 8,000 ac hornbrook, california, in siskiyou county. the circumstances of the death haven't been released. i-5 was shut stranded. around 9:00 this morning, officers began escorting drivers through the burn zone. east of lake berryessa is now 37% contained. it's consumed more than 88,000 acres in napa and yolo counties. there are still mandatory evacuations in effect west of highway 16. cal fire says crews are working aggressively here to build containment lines. they say the weather is good today but they are expecting more hot and windy weather t

musk is the founder and ceo of spacex. >>> and then the complete opposite thing happened. back to the drawing board for the engineers who designed this rocket. it plunged back to the ground and burst into flames just seconds after liftoff in japan this weekend. the developer believes the rocket's main engine malfunctioned. another launch attempt last year also failed. so not a great record for that particular manufacturer. >>> nba champion jordan bell is taking part in the overnight camp as part of warriors basketball camp. the warrior center is attending two days of the four-day camp and will be spending time with more than 125 kids leading drills and games. it's his way of giving back. >> i love working with youth. the big thing i said i would do is give back, time, money, whatever it is, to try to get as many camps in as possible. it's my favorite one of the summer. i'm going around trying to visit as many camps as possible. >> wonderful. bell will spend the rest of the season with the warriors summer league squad in sacramento and vegas. i love to see that, mike. >> th

in a heated twitter exchange musk called the man a pedo in a new tweet musk says his actions against me do not justify my actions against him to that i apologize to mr. unsworth and the companies i am the leader of. gene munster posted an open letter to musk urging him to apologize to the caver we will talk to gene munster at 7:58 a.m. eastern time he also suggested that musk take a is a bsabbatical from twitter. >> does he know something? >> no he withdrew the tweets >> where did that come from? is that a gratuitous attack? >> i think there was nothing offensible about what elon musk said just to explain how it got to that situation, i think, this is an arm chair psychological assessment, he went over there tried to build this thing. i think thought that he was being encouraged to do so by the right people put all this effort into the thing, then was effectively criticized for doing that. i think given -- that's why i said it's indefensible, but given the -- >> yesterday you brought up the fact there was a pedometer >> no, no. people online were saying he's not calling him a pedophi