there's going to be some kind of ceremony with panasonic for investment. i think it will be a callous for the stock to see somebody step in and put their money where their mouth is. help ease investor concerns. >> let's switch gears and talk solar city. what's your opinion of the quarter? >> very good as far as deployments go. they were at the upper end of their guidance. as far as new orders, they're booking. they raised their guidance to above where our numbers were for the year. unexpectedly guidance for next year which is almost double this year. i think that caught the market off guard. the shares were down sharply today with overall solar selloff but i think we can see shares rally and price targets need to go up across the board. >> to jump on the conference call, ben, would you advise clients to buy the dip in tesla we're seeing in the after hours? >> i would wait for the dust to settle tomorrow and all the models to reflect the operating expenses and then get involved in the second half. >> what's a fair level in your view? >> i think if you get d

you either have to do it with partners like panasonic or do it yourself. ag control of at portion of supply, you need to give them more options down the line. some investors said they want to invest in the battery company but not necessarily tesla the car company. what is your take on battery vs car? >> i think they will do that over time but you have to work your way up and start meeting your on demand. that is enough of a challenge in itself. they will have to double or triple the world's production of lithium ion over the next five years. that is a big enough challenge and then you can think about supplying others. back to whether tesla is a car company or tech company? how would you view this? it is someplace in between and tesla is the example of something that makes us excited about the tech sector in that we are getting a lot of innovation and investment and a lot of excitement from investors and ideas and concepts that are homegrown which is different than other industries. >> you've got this beautifully laid out with operating income and you go to

panasonic is a partner. the question was, don't you have ?> this is a big investment for everyone. to move forward with a huge tech right away i do not think is realistic for japanese companies. going forward.s it is a huge opportunity for panasonic with a cost-effective way. >> quickly, you wrote this report endorsing elon. did you get a lot of feedback? advanced ofct well the industry. positive and negative on all your calls. class ok. m is. for more on this, be sure to watch our special with tesla. you can check it out on our free bloomberg tv plus ipad app. more in the loop is next. ♪ move marks the first step of international spansion for the chinese company and it comes on the same day head ofthe former international corporate affairs gets ready for the big ipo. comedyversal pictures "neighbors" was number one this weekend. the film knocked off last week's winner, spiderman two. $51 million according to a statement by researchers. chairman is in stable condition after a heart attack. was72-year-old chairman necessitated following an acu

osaka has long been a home base for major electronic firms such as panasonic and sharp. but some have relocated. replacing them hasn't been easy. so municipal leaders hosted this type of event 200 times last year. they are now starting to link up aspiring se ining entrepreneurs investors and companies. >> translator: if osaka were to become like silicon valley, with google and big companies support these entrepreneurs, it would boost the city. >> reporter: local governors need to create jobs and to boost tax revenue. many companies that have supported the regional economy have lost competitiveness. officials in wakayama prefecture offer a $10,000 grant to people who move to the area to start a business. wakayama representatives frequently host seminars in tokyo and other big cities to invite people to move to the prefecture. the steel industry in the region has weakened, and with the population in decline, it's hard to find people to take over in the farming and fishing sectors. shinseki onishi took advantage of the program and started a business last year. he produces a

captain of our team below find links to reports into a catch more of who sees first hand reports from panasonicand telemovie on in the coming days your nineteen national team. malnutrition lyla. drug addiction insecurity. the news reports on the philippines today monarchy. it was a nice big these headlines around the well stocked with all or if i'm asked to read nigeria the report of the three hundred people a fool to be killed off the on off the ground and it's still winter of one time with cameron told the insurgents targeted local market this spring gunfire into the crowd before embarking on a twelve hour rampage torching buildings in dumbing down anyone trying to escape well the rams dead leaves as he sees been increasing in recent months by jerry's is still reeling off the hunter's school bills are abducted moved three weeks ago but the same group which threaten to sell them into slavery. rhonda hundred and fifty miles protest is in constant security forces west of venezuela's capital caracas my place along with national guard troops fight to get some of the bullets in it and to try to dis

japan will invest around 20% to 30% in both sony and panasonic will have 10% each. all the pans are said to be the front-runner in the next generation tv race. these companies are currently developing prototypes separately. pan s they tried to double up the panels in 2012 but ended up dissolving at license at the end of last year. with this new company, the company plans to make displays within two years. >>> modi has been sworn in as the new prime minister. he promised to maintain the integrity of the nation. we are joined now from delhi. what's your take on what he will be like for the country and how he will interact with the central bank? >> well, the finance minister of the country is a bjp veteran. he has held the ministry of commerce, the ministry of disinvestment previously when india was in government. he knows his way around town. he is a reformist, a lawyer by profession. he has taken charge of the finance ministry earlier this morning. he's also going to be given another large ministry, that is the defense ministry along with that, he also get corporate

but as the company struggles competitors like panasonic and sharp are rebounding as they smell blood. >>> toyota is one step closer to packing up its headquarters in california and driving to texas. the city outside of dallas has given th the incentive package o lure companies there it lists the state emergence in the auto industry. tesla is another target of texas. they want to be home to tesla's battery factory. rick perry said he will do whatever it takes to ha lasso tesla. glen, tell us a little bit about what texas is doing to get them there. >> well, they've been very aggressive they've had some problems with natural disasters in japan, safety and recall problems. beyond that they have recognized that their leadership functions in the united states have been scattered about the country. some engineering and manufacturing and kentucky, sales and marketing in southern california, some functions in new york. under the relatively new ceo they made this decision and move more towards the center of the country. >> there were four main contenders that plano beat out. but plaini plano c

we know panasonic has signed a letter of intent. what about the others who are players in that industry? and can they actually make this happen by 2017 and bring in the costs as they have projected? if you are a bear, if you think that elon musk cannot deliver, you look at today's -- or yesterday's conference call and you say, i think there's too many gambles there, too much risk. if you are a believer in tesla, you look at this and you say, elon musk has delivered in the past, there was nothing in that conference call where they said we don't think we're going to be able to make it, therefore you buy into tesla. the question is, which side do you fall into, guys? >> phil, heard you this morning on "squawk," and those who say they reported the $50 million loss, and your comeback to that was, well, they're spending a lot on r&d. what are they supposed to do given the business they're in at the stage of the industry -- >> yeah. >> -- that they're in it? >> 650 million to 850 million in capital expenditures this year. i've not heard on

also announced that panasonic has signed a letter of intent to sign with tesla.esla stock tumbled 7% after concern about delays in producing innew model x. tesla said it would produce the model x in spring of 2015. it had previously announced an earlier date. >>> 5:22. we now know two of the men resigned for the warrior head coaching job. when we're also hearing about a decision will be made. details, next. >>> welcome back. outspoken seahawks quarterback sherman weighing in on the donald sterling controversy. during a recent interview with "times" sherman was asked if he thought the nfl would ban a team owner for making racist comments. sherman said, no. "we have an nfl team called the redskins. i don't think the nfl is really concerned as they show. the nfl is more of a bottom line league. if it doesn't affect their bottom line, they're not concerned." >>> there is an apparent front-runner for the job. "new york daily news" reached out to broadcaster and former player steve kerr just three hours after firing jackson. the job is his if he wants it. the warriors

panasonic expects to beat tesla's old battery manufacturer and the company's factory.4, 2%. look at netflix, shared the low 400 this morning. that stock is down. and moving up, 1909. two biggest gainers in the s&p our first energy and exxon. nice gains for both of them. un to the sea change in europe, and believe me this is a >>. voters over there rejecting the e.u.'s policies showing strong support for anti-establishment candidate. a lot of these groups in britain and france are not really fringe groups, they are moving toward the mainstream and they really don't like the european union as it stands now. >> they are mad. this is an election that went across europe, members of the european parliament. they were voting for the delegates to the european parliament to. who do they elect? people who don't like the european parliament. it is the canary in vocal mine. whether it is left-wing or right-wing or independent they all voted similarly. they don't like america, don't like the european union, don't like their established political parties, they don't like austerity w

panasonic has signed a letter of intent to provide lithium ion battery cells when tesla builds its newlan musk says it will break ground on at least one of its two locations starting next month. that's the story on tesla's first quarter earnings. back to you. >>> ford will buy back up to $108 billion in stock, 116 million shares. the move will offset the potential delusion of its stock from convertible debt and stock based compensation for employees. they are holding their annual shareholders meeting in delaware. ford stock up around 1% after hours. down 0.5% in frankfurt. >>> we'll take a short break. still to come, investors have backed barclays radical turnaround plan with thousands of job cuts and the smaller investment bank on the agenda. more from the ceo later in the show. >>> you're watching "worldwide exchange," i'm ross westgate. headlines from around the globe, the ax falls. barclays says 19,000 jobs will go over the next three years. the stock rallying. the ceo tells this channel the difficulties in the fixed income division, though, will continue. >> outlook for ficc is qu

the only company i keep talking about which has exited is panasonic.hat's the only company in japan that i know of in the current environment that continues to exit. >> okay. thank you so much for joining us. senior analyst at jeffreys in singapore. >>> today marks the final someday of voting in india's five-week general election. ahead of today's exit polls, shares indicate a record high and the repeat was also sent soaring to the highest level since june of 20.13. we are in mumbai with nigel, the investors say don't trust the exit polls over the next few days or so. can i ask whether the exit polls traditionally would over or underestimate support for the bjp party right now? >> reporter: indeed, traditionally the exit polls throw up a bigger number for the bjp, but this time around the market men are expecting it will be right on target. so they look at the number out in the next five hours. at 6:30 indian time the exit polls come out. today there are three big states that are going to interpoll. it's the final leg. and any number below the 250 numb

expenditures and with regard to the giga factory, there has been a letter of intent signed with panasonic that gigafactory will start as soon as next month. here is the ceo elon musk. >> we're going to break ground on multiple points to complete the gigafactory and we expect to break ground on the first of those probably next month. so it's really quite soon and then shortly there after, a month or two after that, we will break ground. and it's fair to say that california's potentially backing the running but that's sort of improbable. >> that last mention of california got a lot of people talking online. is it possible that california could get the gigafactory? could more than one state get it? we should hear an announcement in a couple of weeks. tesla beat the streets on the top and bottom line for the first quarter. it's the guidance that all eyes are on. as for toyota, the full fiscal year earnings more than double than what they expected to do last year. they were up 90% in the first fiscal year for 2014 but the guidance going forward because of the currency issues and because of a l