this file of computers lamps and other electronics conceals a portrait of nikola tesla the great pioneer of electrical engineering. it takes the artist about 2 months to complete a project like this. a precise sense of visual proportion is vital when assembling the elements 2. when i do a portrait of a world famous figure i really have to be exact right down to the millimeter for that person to be recognizable in the end. so i've always got to be checking to be sure it's right i have to go to the viewer spot and check everything again and again. if every element isn't in the right place for trade could become a kind of caricature or. patrick pashto exhibits his sculptures in the aleutian art museum in the old town of the czech capital frog. the exhibition centerpiece is dedicated to the country's most famous composer walczak. the other side of this cunning double portrait made of musical instruments and sheet music depicts. it's a sculpture that can be viewed from all sides not just one. the subject continuously changes. it's a truly 3 dimensional artwork and definitely one of my most co

susan, tell us about nikola, tesla competitor. susan: i love talking about this company. eminds a lot of people of tesla. no sales, no cars delivered so far, but this morning, it looks like maybe morgan is getting more bullish on the stock. they have raised their price target now to $45 which is where we're at. it was, you know, it's been on a bit of a decline in recent days. in fact, it had a five-day losing streak where the stock plunged around 40% but since its ipo, the stock rocketed more than five-fold in just three months' time and people are questioning this, since this is a company that, you know, display a lot of great truck models but no one has actually received one just yet. i think the selling point for nikola is we have $10 billion in orders on the books right now, you know, those who have put down deposits but i think it's a prove-me kind of stock, don't you think? ashley: i think so. as you say, like tesla in the early days. makes me laugh, though. no sales, no cars, no problem for nikola corporation. >>> lauren, this is interesting. only six stocks on the

we don't have the technology risk that frankly a tesla, nikola will have.sentially the only western hemisphere option for all of those. caroline: why are you the only western hemisphere option? the challenge with rare earth mining and processing, it is really a chemical process. you have to have the rare earth of enough concentration to begin with. which we have at our site. we have a world-class site which is very rare -- pun intended. we have to have the processing expertise. $1.7 billion of investor capital. if there is going to be a company that can do this in the western hemisphere, you are talking about five plus years and billions of dollars of investment, if they can even find the resource. we are in this unique position where the western supply chain really needs our company to exist and thrive. the united states government has five presidential determinations on the need for a rare earth magnet supply chain. so our company is really heating the call to fulfill that mission. we think we can do that very profitably as well as environmentally friendl

i look at tesla, nikola, amazon.they're going to lead the way up, you have to think they'll lead the way back down i like a great product for traders, and they're going to list options on those futures. they're going to list those august 1st the reason i mention the problems with china right now, i think we're going to have a brief pullback i'm going to sell the september contract in the futures so that 3150 on a little stop in my stop is just below yesterday's high target is 3010, 3,010. the beauty of these micro minis is we can trade these in a wider range. it could be a blistering pullback as leaders lead the way down >> scott nations, nations indexes. scott, thank you very much >>> coming up, your unusual activity a yr nandoufil trades, that's next. experience the adventure of a bigger world in a highly capable lexus suv. at the golden opportunity sales event. get zero percent financing on all 2020 lexus models. experience amazing at your lexus dealer. it's like walking into the chocolate factory and you won a go

thank you very much great let's get back to your money, tesla and nikola, electric carmakers, those stocks off with the victory lab by elon musk who is killing the shorts, the company stock close to 250% rally in the stock, he was selling it red short shorts for $64..420, that is not stop the hedge fund investors who will unmask a 20 billion-dollar bet that tesla will eventually fall. the fox business market charlie brady points out across $20 billion in value because of stock prices across the record high, about $1400 a piece, but in terms of actual share being shorted, the lowest number in nine years, 15 million, meantime tesla is not the only favorite, another electric car called nikola jumped from the ipo price at one point and up 40% in the past week and it doesn't have any sales, no deliveries of the electric truck that people like to short the stock because it's run up so much but with the stock rallies and we have seen in nikola and tesla might be a result of the shortfall having to buy back the shares because the stocks will not go down to the short sellers lose money, we call thi

g.is is bloomberg sh ♪ emily: in an otherwise lackluster economy, stocks like tesla and nikola have surgeds of late with some investors warning of a speculative bubble. fray. will soon enter the the ceo says the company is on course with brand development. -- we talked to henrik fester. your company of bills it self as the most sustainable vehicle. how do you differentiate from tesla? henrik: i think you just said it. one thing is we are aiming to build the world's's most sustainable vehicles. also to sell our vehicle through an all good sale model. we have created a unique flexible lease where you can lease our vehicle and give it back any time whether it is after a month, two months, a year, whatever you want. we have set up preparing for the consumer of the future. our vehicles are more affordable than any of our premium competitors. that is due to our unique business model. we outsource manufacturing. we have a unique developing process that lowers the cost of vehicles. emily: let's talk about that business model. you are not reinventing the wheel. you are not putting from scratch. you

you could argue that companies like tesla and nikola, the electric vehicle companies will do very wellxtera energy which provides clean energy as opposed to fossil fuels. so who doesn't do well under joe biden's plan? it is old traditional fossil fuel plays. harley-davidson. ford, polaris. these are all combustion engine type products. coal producers, even nat-gas producers, natural gas would also fair pretty poorly. by the way natural gas was the number one source of electricity in the country last year and continues to be. only caveat to all of this, stu, joe biden is not opposed to fracking. that is what he says. that is what he claims. that will get his left-leaning colleagues very upset but he doesn't want to ban fracking. but when you look at this plan, really? come on. stuart: but he wouldn't allow any new fracking. certainly not on federal land. ashley: correct. stuart: he wouldn't allow that. he wants to win pennsylvania. so he won't ban it. we'll see about that. ashley, thanks very much indeed. great news on oil. very good. nice timing. ashley: thank you very much. stuart: yo

dan nathan, what do you say about nikola >> it interesting. when you compare to tesla back and say this was not an easy stock until about maybe a year ago when it decided to go from 200 to where is it now? 1365 or so in what feels like a straight line. you know, 2014, '15, '16, the stock felt like it was flat lining around 280, 180 and 17, 18, 19 trading in a very volatile range between 200 and 400 and last summer that it felt like it was about to break the range lows so i feel like it's too easy that nikola was like a single day d digit stock and now back at 55 it will be doubling and doubling and doubling again it up 400% already but i think that what tesla tells you at a certain point they have to show you what they can do and tesla has clearly done that and they have made fools out of a lot of people in the last hour, mel, we were talking about tesla a bit and you asked a question about trading the market and the momentum in the name like this let me tell you something, we've never seen anything like this. okay whether it's the market you have it doesn't matter if

tesla down 3.5%. nikola speeding ahead into the close at nearly 4%.rting delays in efforts to make a key deal with vw. fisker parent spartan energy acquisition corp falling more than 11% right now on that news. >>> let's go to lauren simonetti for today's fox business brief. lauren? lauren: biopharma giant gilead slipping, despite saying it expects sales of its covid-19 drug remdesivir to help lift its full year revenue. raymond james expressing skepticism that remdesivir may not be enough to change the long-term story for gilead. shares are down 4.25%. >>> shake shack plunging today after posting a bigger than expected loss and a 49% drop in same store sales in the second quarter, after having to temporarily shut locations because of the pandemic, and riots in some cities. the burger chain now planning to start reopening restaurants with drive-throughs. shares are down about 12%. >>> colgate palmolive jumping after organic sales jumped on strong demand for soap and cleaning products during covid. the shares pulling back right now. they are down just

recommending stocks believes will outperform under a democratic president including esg picks like tesla and nikola stocks that benefit from the dekaes lags like p & g and nike. wh where do you stand on this if we see a big election related pullback in the markets, is that a buying opportunity >> i think the election is definitely an uncertainty that we have to monitor in the second half of the year and the democratic agenda as we know it right now does include proposals for higher taxes so just leaving everything aside, that could be a head wind that markets will have to grapple with but like every election, typically this does create winners and losers especially within sectors you pointed out to something very important whether it's under the current administration and some of the calls for the infrastructure plans that feature some of the green investments in them or whether the democratic agenda, it also has a lot of the green investments, we see a significant opportunity for things like electric vehicles and clean energy to do well under either direction so we are looking for winners and lose

coming up, shares of tesla competitor nikola surging after a bullish note from jpmorgan word on the street on that call and others when "closing bell" comes back, session highs, 35 minutes left of trade and we're positive across the averages this selenite grey is so pretty isn't it? wow. jim could you pop the hood for us? there she is. -turbocharged, right? yes it is. jim, could you uh kick the tires? oh yes. can you change the color inside the car? oh sure. how about blue? that's more cyan but. jump in the back seat, jim. act like my kids. how much longer? -exactly how they sound. it's got massaging seats too, right? oh yeahhhhh. -oh yeahhhhh. visit the mercedes-benz summer event or shop online at participating dealers. get 0% apr financing up to 36 months on select new and certified pre-owned models. >>> 33 minutes left of trading back to "closing bell. word on the street, bank of america upgrading caterpillar to neutral. in a recent survey the firm finding construction dealers are seeing demand starting to pick back up and some expecting to purchase more equipment over the next six mont

that would be a potential positive for green stocks and electric vehicle companies, names like tesla and nikolaan auto parts supplier that uses a lot of green produc products. it would be negative for ford, harley davidson, the coal industry and also natural gas. they would likely see more regulation whereas cannabis would likely see deregulation, especially if the democrats not only keep the house but take the senate, too. so aurora cannabis, tilray and canopy growth are some names you might want to put money into. biden is also expected to be less confrontational on the world stage and you could expect an easing of tariffs with china. these are some of the names that would benefit from that. procter & gamble, nike, 3m as well as dupont. but these are stocks. what about taxes? because joe biden would very likely increase the federal minimum wage as well as repeal the trump tax cuts and the tax foundation says those policies would mean the loss of 585,000 full-time jobs. all right, what about individuals. here are some examples. a married couple filing jointly's marginal tax rate would double t

through months, investors have said wait a second, if it works for tesla, can it work for other stocks that's why you've seen shares of nikolarkhorse which is building electric delivery vans. all of those have moved higher especially in the last month and a half the elon effect comes down to three things when you look at tesla and the roll that it's been on, you've got a number of factors here q2 figures tesla shares up 226% yes, ev demand is expected to grow plenty of reasons for elon musk to dance how is this impacting traditional automakers yeah, they're getting into the ev game. investors are not playing them gm will show the first all electric cadillac. this stock has done nothing. even though morgan stanley says the ev biz is break even you have the mustang mach coming out. so when you look at shares of tesla, keep in mind that what people are focused on right now, it's coming up on july 22nd, what, a week and a half, two weeks away that's when the company will report q2 financial results. guys, there is growing optimism amongst investors that this company will turn a very slight profit why is that important? it will b

. >>> let's look at nikola, the rival to tesla.ton is urging shareholders to leave a facebook group. lauren simonetti with the story. what is he accusing the group of doing, lauren? lauren: lauren: testify more milton is urging shareholders leave the group because he says it is becoming a forum for stock manipulation. that they are hired hands used to stoke fear. sounds a lot like tesla's elon musk and his attack on short sellers. it debuted in june at ipo, $34. it is up tremendously, 58% since then. it is seeing interest in the battery powered truck. customers are putting down $5,000 even without seeing a prototype. the question is can trevor milton deliver. like they questioned elon musk in the past? can they deliver what they say they can do in this brand new technology. now you have the nikola founder attacking people who he says are paid, not legit on facebook who are trying to short his stock. ashley: yeah. sounds familiar. oh, yes, you're right, elon musk. lauren: yes it does. ashley: lauren, thank you. now this, general mot

nikola. you said you love a bold call. this is a bold call for j.p. morgan teslaompare, and i'm not talking about the mania that's going on right now. >> no, it's not. >> hang on, hang on. right now nikola is five years old. it was founded in 2015 here we are in 2020 and they still haven't produced a truck yet, no revenue, and yet they went public and hope to have revenue next year. tesla founded in 2003, its first car, the roadster, came out in 2008 at the height of the crisis, no pandemic at that time then it went public two years later and it had a high revenue two years later and doubled the revenue last year. there's has been a better journey financially where it seems like nikola put the cart before the horse a lot of wishing at this point, i think. >> julia >> but let's get the story straight this is a hydrogen electric company, so we talk about hydrogen vehicles. you're talking about the massive infrastructure in capital needed to build out a huge number of hydrogen fuel stations across the u.s. one of the reasons for this upgrade is that they're rolling o

nikola, but before you say, oh, it's not a bubble, they're up 426% year to date, and even tesla, teslares are up 64% over the past month. and, of course, now it's the most valuable car company in the world. jack: so with fewer people driving and maybe a lot of people worry about their wallets, it seems an odd sector to be cruising. what's going on with that? >> yeah, it's a really good question. i don't think it's a covid story. i think three things have really happened. first of all, tesla's results have been outstanding. it's difficult to argue anything but that. and i think it's really helped investors believe that they're here to stay. there's been a walkout in california, and the third thing is there has been another announcement from lyft, the ride-sharing company, that wants to be all e by 2030. so you take the confluence of that, and the stocks go on fire. jack: i want to get to carlton real quick before we run out of time. i look at a much less-loved sector, and that's retail. but you found a few winners. >> yeah. so lululemon, i mean, out of the gate has been doing it. they h

. >> steve, if you had to bik a bigger competitive to tesla these days, would it be something like a nikolaship between intel and ford on next gen driving? >> the latter. i hope nikola does well. they're not putting cars on the road for the next two years and quite possibly three years i don't think people of tesla are losing too much sleep on that one you have to think about volkswagen they're an international brand with low-cost manufacturing. today they're introducing the i.d. 3, a lower cost car with a wider audience and then you also need to worry a bit about the chinese. because they have firms like expen that are already producing low-cost tesla knockoffs in china and to quote ghost busters, if you see someone copying your car in china and selling at half the price, who you gonna call, the chinese government i don't think so >> we can't wait for wednesday night, steve thank you for that it's going to be an interesting setup. we'll talk to you later. >> all right thank you so much. >> all right as we head to break, shares of chipolte hitting an all-time high the stock has been an rela

looking to enter the storied halls of the s&p 500 but folks, just as tesla spikes, the competition is piling up. yes, we talked about nikola and nio and workhorse. we have nikola and nio moving in opposite directions with nikola up about 1%. workhorse is up 4.5%. here comes another one. ev startup fisker poised to start its all electric ocean suv late next year and they also plan to go public. with a name like fisker ocean, aren't you dying to know what it does? tune in to "the claman countdown" tomorrow. the founder and renowned automotive designer henrik fisker will join me live. i want to see if it's going to be like the "spy who loved me" delorean, right, that went into the water. it could swim. can the ocean swim? we will ask henrik tomorrow. don't miss it. >>> to sports business and the washington redskins. the redskins got their name in 1933 and now the team today is calling an audible. the team announced it will retire the name redskins and logo following pressure campaigns from major sponsors including a threat from fed ex to pull out early from a lucrative stadium naming rights deal that it had entered. the team

nikola. i can't get behind that in any met trick of negative interest rates or i can't come up with -- it doesn't compute you can get there on teslahave a real product and make it. whatever 97,000 cars. whatever it is right? there is something real there. nikola is a different story than having something real there but if you have to be in the space, look, remember, we used to talk not that long ago about severe financing problems for tesla and that is gone right now that risk is absolutely gone so if i had to choose one, tesla. >>> "total request fast money" is just getting started. surrounding one of the hottest stocks, more on novavax' 3 1% rally and the only way to play space race but is rgviin galactic the run we'll bring you the trade and come back. you say that customers make their own rules. let's talk data. only xfinity mobile lets you switch up your wireless data whenever. i accept! 5g - everybody's talking about it. how do i get it? everyone gets 5g with our new data options at no extra cost. that's good. next item - corner offices for everyone. just have to make more corners in this building. chad? your wireless your r

nikola now at $38.82 a share. >>> it's kind of an upside down world in that ev truck space. rivals tesla, which make the cybertruck, and workhorse partnering with lordstown to manufacture the endurance are both moving higher. we have workhorse up 10.5%. tesla moving higher by 8.33%, standing at $1,626 a share. >>> just as airport massage chain express spa converts its spas to offer express covid-19 testing centers at airports, the stock is jumping 9% on the announcement it has issued a prospectus for the resale of 10.5 million shares, some of it tied to warrants. if those warrants are exercised, the company could net about $44 million. >>> take a look at peloton. peloton energized after wedbush raised its price target to 66 bucks a share. stocks's at $64.30 right now, saying it expects the subscription workout company's quarter was a blockbuster. that would be the covid quarter, right? wedbush sees more growth on the horizon from new products including an expected rowing machine which we have heard about, hasn't been really confirmed, but today the stock is jumping $5.76. peloton already

tesla? that's $98 increase. the stock right now at $1515 and change per share. we have to talk about nikola because that's jumping 11.66%. the badger truck is really looking interesting to a lot of people. the stock, though, by the way, while up today, is still down by about half month to date. >>> hot fun in the summer. today kicks off one of the busiest earnings week of the season. look at the calendar. four of the royal names in tech, facebook, amazon, apple, and alphabet google, yeah, they report this week. of course, they have delayed them because all four of those leaders are going to appear on wednesday, but look at wednesday as well. the economic events this week include the federal reserve interest rate decision which comes out wednesday, and of course, we all want to hear what fed chief jerome powell has to say about how he sees the economy and what the fed's ready to do if it sees the economy take another leg down. >>> all that sounds very important. perhaps every investor should be paying more attention to this. the u.s. dollar is at a two-year low and dropping. gold is at an al

nikola, the price dropped. is it time to buy? >> supply over demand. which is not a good sign most of the good stocks are like decemb tesla.hink you should stay away there is much better places to put your money and i'm glad you're starting early. alexander in new jersey, alexander? >> caller: hey, dr. chill. >> yo. >> caller: thanks for the guidance you give us young investors to have success for years to come. >> thank you, thank you. >> caller: i'm trying to get some exposure into the new digital industrial revolution that's being referred to as industry 4.0. >> yes. >> caller: can i get thoughts on industrial software company ptc? thank you. >> i think you should buy auto desk auto desk is much better than ptc. go for auto desk it's a better run company. let's go to david in florida, david? >> caller: boo-yah, jim, how are you doing today? >> good, how are you >> caller: with everything taking place, background checks had a record in march and broke the record in june addition with covid, we have a record demand on chlorine and bleach products. the largest producer is trading at all-time lows. >> it hasn't benefitted o

look at shares of nikola, we've seen this before this stock will be up or down 15, 20% in a particular day and right now, yeah, it's down 21% >> thank you so much for that. do you think tesla shrug off a capital race if they want one? >> arguably could, yeah. it depends on the size of it a lot of people talking about assuming it does get into the s&p 500. smimdz they do a capital raising conjunction with that as index funds have to buy. almost any whisper that complicates the situation can be an excuse to cause it to retrench a little bit. i don't think a capital raise that would further kind of secure the finances would in itself be game over. >> ibm is trading higher along with the dow ahead of the results due after the bell we have a preview. >> sara, this the first full quarter. now the early days have seen him do things a little bit differently for one, he runs the earnings call himself. there are as many that delegated them it is really the same as it has been for years shares, you just noted this have underperformed last quarter to remember that ibm withdrew the guidance due to the pandemic shar shares are down 5.5% this year 15% over the last 12 months. will so tra