because i have a tesla. just-- the door handle came out, and i just felt like it was my fantasy. i said i don't need the damn movie, i've got a car. >> yeah, we kind of want the car to be your friend, actually. in fact, with the new version of software coming out you will get to be able to name your car. like it's a pet or something. >> stephen: really? >> yeah. >> stephen: what would you name your car. >> well, i actually, since i have the advanced software, i have named my car. (laughter) >> stephen: really? >> yeah, i named it -- -- that's nice. >> stephen: don't name it old yeller. >> right. >> stephen: okay. let's talk about space x for a second. people know you already from tesla. i want to show a little bit of footage here of one of the test flights you have done for reusable rockets. >> okay. >> stephen: that is one of the most bad ass things i have ever seen. (applause) >> stephen: that, that is what we were told rockets were going to be able to do when i was reading all of those '50s science fictio

are we overblowing it or is it just because it's tesla? >> root for tesla. tesla. i think that's -- you have to be in their corner. he's wild and crazy and everything capitalism is. shooting things up into space. go for it, elon. invest in it? i don't think so. >> warren buffett -- >> the growth investors out there that own tesla and are buying tesla are looking at a company that has drive train cross parity with traditional vehicles today and over the next three to five years you'll see them cut that cost in half. what will that mean for detroit? big things. that's why people are involved in tesla. a lot of growth ahead. >> we would agree with that. >> all right. thanks, guys. turnover dominik chu for a quick market flash. >> we have united continental holdings. this is interesting. it's spiking after it raised its second quarter passenger revenue growth forecast. that stock is now up about 5% in the after hours trade. it's interesting only because we had american airlines with positive news. in the weeks before we had both lufthansa and air france with mor

we'll start with tesla.rs are focusing on the electric carmaker's upcoming plans for its factory where the company will house all of the parts for its vehicles. the street is looking for a gain of four cents on revenue of $811 million. expedia, the travel company, is -- folks are looking for the onlan travel company to report second quarter earnings of 76 cents a share of revenues of $1.44 billion. expedia has beaten forecasts in 8 of the last 10 quarters. current quarter is usually their strongest quarter. analysts expect gopro to earn six cents on revenue of $238 million in the second quarter. and linkedin as well. we'll get all of those for you after the bell heading over to the earnings desk as we speak. >> thank you, bertha. >>> heading toward the close and it looks like we're heading lower. we'll get to the closing countdown if a moment. >>> then after the bell, the pros tell us what tomorrow's closely watched jobs report may bring. should you prepare for another sell-off or could that number bring the

matt, what do you think of tesla? >> i think tesla over the long haul probably do well but they have a lot of issues to work out. they are still trying to work out the lithium battery situation. at end of the day you don't get excitement driving a electric car rather than a gas car. liz: i couldn't disagree more. david: we know people with a lot of money, with 100,000 or so can afford to do that but what about peep in the middle class? they're trying to work on middle class electric car. so far that model has been extraordinarily elusive for automakers that done that? >> i agree. perhaps if oil were to come down quite substantially it would continue to be not a car that they're going to want. if oil skyrockets electric car makes sense. liz: if that were the case, fewer people would buy iphones because they're so expensive you would buy a cheaper phone but people still want the iphone. when you talk about kids, i saw a tesla. my own children, my 10-year-old said i saw a tesla on the street. they know what it looks like

des e tesla and linkedif and expedia. we have the latest details from those reports and how to trade them next. . television announcer: mattress discounters' $197 mattress sale $197 mattress sale is ending sunday. bulldog: mattress discounters' $197 mattress sale! television announcer: that means sunday is your last chance to get a serta mattress any size, for just $197 each piece when you buy the complete set. bulldog: any size mattress - twin, full, queen, or king - for one low price! and they'll deliver it free. television announcer: the $197 mattress sale... bulldog: oh boy! television announcer: ...ends sunday. ♪ mattress discounters . tesla volatile in after hours trading. the electric car maker trading lower. let's bring in senior research analyst who joins us on the "fast" line. ben, great to have with you us. it looks in jen like good quarter. although we talked about expenses rising the third quarter, which is what you alluded to. that was a concern of yours. >> breaking up into the three different parts, for th

tesla is great for the environment. i own one.elievable how well it balances because the batteries are balanced throughout the car rather than having one big gas engine. anyway, elon's awesome. if he wants to do another startup, i will be ready to back him. >> is he the kind of guy that will actually listen to your feedback or do you just give him money and he does whatever he wants? >> pretty much both. he listens to feedback. i would just give him money and he could do whatever he wants. he did do something -- he made public the hyperloop idea. i think his hands are full with spacex and tesla. he had this great idea for the hyperloop. at draper university of heroes, we have got the students focused on the hyperloop and coming up with good ways to actually make the hyperloop happen. hyperloop is a very high-speed train that was planned to go from san francisco to l.a. and back. it is great -- what he does is he thinks big anything to the future and then he says, this could happen. then, most of the people say, that will never hap

you brought over tesla -- you brought up tesla, his battery factory could eat up 17% according to goldman. >> ryan, you were there with tesla motors from the start and now you're building electric buses. is this possible supply constraint, is that what keeps you up at night? >> no. i think we have found lithium to be a stable commodity and source of technology for our transit buses. one of the things that benefited us is other industries have come before us. in terms of scaling up and delivering mass quantities of high-quality lithium ion. if you look at the history of lithium-ion, it was first developed for the consumer electronics industry. countries like tesla commercialized it into cars and companies like proterra are taking it into infrastructure vehicles. it is a very sophisticated industry and you have great companies supplying it. >> what do you make of elon musk's plan for a $5 billion ego gafactory? gi >> it makes a lot of sense. car companies want to control their drivetrain technology and vehicle design. for tesla, they are going to move into the core technologies that really

this car has been out there -- a lot of people that want the tesla have the tesla. more pipe -- people are buying them still. to get to 35,000, they will have to get you a massive increase in demand they are not seeing yet. >> what about the battery giga factory? will that help them produce more mass-market cars? did you learn anything about the model three-car? anyone says they will do something cheaper than they have ever done it before, i say call me when it is cheaper. ist aside, the giga-factory seen as an important marker for tesla's future. there is some weird stuff in the press release. there is one sentence i want to read to you. here it is. pay careful attention to this. "in june, we broke ground just outside of reno nevada, on a site that could potentially be the location for the gigafactory." it isy broke ground, but a potential site of the factory. they have some bulldozers pushing some dirt around, but they have not decided if that is where they're going to build anything. to me that they are not very far along here. they want to suggest to us that the

tesla has the law on their side. judgment is on their side this is an obvious attempt at extortion that i don't think has any merit or traction going forward. >> i'm wondering, colin what your to the are, there have been some reports, a exceptcompetito yours, tesla will need a big boom if order to make the second quarter products. is there any reason to believe maybe they are back end loading the quarter and depending on a strong june? >> i think you need to see a strong june from these folks. the demand levels for tesla are not diminishing. they were actually continuing to grow. we know they have an awful lot of inventory on boats in april and may and those deliveries were happening in june. we seen for the indication they will miss that guidance and certainly the full year guidance suggests we will see a big third and 134th quarter 30% from q23 levels. as we look forward into the back half of the year, we see very strong fundamental also. the real issue for this company and at these prices are really the long-term

tesla plans to sell its four-door sedan for $60,000. lutz at g.m. volt to be more of an everyman car. how much is it gonna cost me, the consumer? >> i started out very optimistically and said, "okay, well, i think we can sell this thing for $20,000," and that turned out to have been, like, one of those, "i wish i hadn't said that." and then we started hoping for well below $30,000, and now we're trying to keep it south of $40,000. >> bob lutz is trying not only to produce a moneymaker but also prove with the chevy volt that his company and his town are still the address for innovative cars. so a lot about general motors' reputation and image is riding on this. >> that is probably an understatement. >> so basically, in your mind, it has to succeed. >> of course, it does. for what it's worth, i stake my reputation on it. >> in late 2010, g.m. rolled out the chevy volt with a price tag of $41,000. the volt was received so enthusiastically by the automotive press that motor trend voted it the 2011 car of the year. by then, bob lutz had retired from g.m.

to better understand what happened, tesla has requested to take a look at what the vehicle. >> teslaof the bold investments tim draper is made over the years. aereo, what are the risks of technologies and ideas? back with me is tim draper. tim, welcome back. when you hear the stories about tesla cars, they have had issues with fires before -- does that worry you? think there are far fewer tesla fires and there are gas powered fires. i think it is actually scarier to be in a gas powered car now. your general question is a good one. i think it is that incumbent can afford lobbyists who will then sometimes stifle creativity and progress. i think in a lot of cases that happens. whereas a startup does not have a lot of lobbyists and does not think they have to go change things in washington in order to create their new technology. threatens anlogy existing inc. -- an existing industry because it is a better way to go for the consumer and everyone, then that threat is ofetimes -- instead competing in the marketplace, sometimes companies will go to washington and try to get a law changed. a

tesla told -- sold nearly six

tesla is wonderful for the environment.able it is how well it balances because the batteries are balanced drop the car, rather than having a big gas engine. elon musk is awesome and if you want to do another startup, i'm ready to back him on day one. >> is he the kind of guy who will listen to your feedback or do you just give them money and he can do whatever he wants? >> pretty much both. i listens to feedback and will just give him money and he can do whatever he wants with it. [laughter] he did do something -- he made ideac the hyperloop because i think his hands are full with spacex and tesla. he had this great idea for the hyperloop and that draper university of heroes, we've got the students focused on the hyperloop and coming up with good ways to actually make the hyperloop happen. the hyperloop is a very high-speed train planned to go from san francisco to l.a. and back. it is great. what he does is he thinks big and thinks of the future and then he says this could happen. willof the people say that never happen, b

i like tesla.his is not the actual numbers and about the vision and keeping that vision and excitement up. morgan stanley has good notes. i would agree with them on tesla. i would be owner for long term here. melissa: simon, you talk about vision, how do they make their way into the mass market, not just high-end what we're talking about. what do you think the odds are there and listen to on the front. >> i think odds are low. unless they get battery faster charging. a faster charging battery would be useful. fill up gas tank, half a minute and done. how long the battery lasts will be important factor. third thing is, can they survive without government subsidies? melissa: jared, what do you think about that? >> well, okay the charging thing, first of all, i was a big, there is lot of contention nobody will sit there to charge their car for eight hours or hour. now down to half an hour. reality we're socially adapting to do this. a lot of people i know bought teslas changed their lifestyle. melissa

in san jose, allie rasmusen, ktvu news. >> happy 4th. >>> tesla motors says they plan to -- tesla sayscale and sense of cooperation the vet have and tesla is not alone. the national unel -- unemployment has dropped compared to 6.1% for the general population. >>> a man behind hidden cash is at it again but this time he's giving away ice cream. >> love free ice cream. >> thank you. >> you're welcome. >> who doesn't. jason teamed up with ben and jerry to celebrate america's birthday by handing out free ice cream. free scoops were given out from 2:00 to 5:00 p.m. >> i participated in the hidden cash at the sac state and downtown at the dog park there. but i never found any hidden cash. >> but you got free ice cream today. >> i got free ice cream. i got something out of it. >> reporter: ben and jerry stores in new york and washington, d.c. also participated in the ice cream give away. >>> so far the forecast today, there's been a fireworks forecast. now we're talking about the weekend. a bit of warming trend especially inland. that process started today at least the warming. warmest locati

they chased the tesla until it crashed.the driver kept going and then they had to rescue several people from one of the cars. >>> it's the first continental european country to impose tighter security measures in response to u.s. concerns that al qaeda is trying to develop a new kind of bomb. u.s. authorities feel that extremists with an american or other western passport could carry a bomb on a plane without being detected. the extra trucks may cause delays on flights. >>> european airplane manufacturer airbus is revealing a plane design that includes a cockpit without a view. take a look. the windows in front of the plane would be replaced by video screens showing footage from outside along with holograms along with obstacles that if they decided to put it in front, the pilots don't necessarily need to be there. they could put it in the bay or the tail. it adds weight and takes up space that could be used for seat-paying passengers. you should know this design is just a concept now. >> wow, very interesting. >>> still to

the man driving the tesla was not injured. >>> the safety of tesla cars bail an issue earlier this year after two fires were reported in the car's battery pack. since then, tesla has identified a titanium plate to further strengthen the casing that protects its battery. >>> all right, tc. 7:13. they've been planning it for years. now the plans to extend b.a.r.t. into the south bay have hit a snag. coming up at 7:30, the problem that may delay the project. >>> video of a chp officer beating a woman in the middle of a busy freeway is sparking outrage. the reason the officer says he did it and what's happening today in response to the video. >>> and we're looking at a commute that is busy in many areas, including on the east shore and on highway 24 and a lot of the east bay freeways. we'll tell you more about the drive times in these locations. >>> and our warming trend will peak this afternoon with temperatures reaching in the upper 90s to 100 for those hotter spots. i'll have a detailed look at the afternoon highs for your area and a cooling trend in the extended forecast -- coming up. >

when life gives you lemons just return it to tesla.told you any girl about a first-ever lemon lawsuit filed on behalf of the test model-s under. >> he was in the shop 66 days, the car wouldn't start. the batteries wouldn't holds the charge, the doors wouldn't let him out. wiring harnesses were replaced. melissa: 68 days later refund has been repaid by to as low. the exclusive interview with the attorney -- the king of the lemon laws. thank you for joining us. did they have to admit this was a lemon? >> we settle it, filed the claim under the lemon law and sent the demand and asked for a refund under the lemon law, and mileage under the lemon law, they have not admitted it is the lemon law per se, but their actions shouldered that it was a lemon, under the wisconsin law, tesla has to brand this as a lemon. melissa: not the whole group. not all model-ss but just this particular one. says let's, trying to get their side of the story, as they said they considered this, quote, case closed, that is from the them. i wonder what the implicatio

. >> palo alto tesla releases earnings report and the dollars and cents are not the only thing people will look for. what they could reveal that means thousands of jobs for california. >> a wake-up call for anyone who owns a cell phone. the extra charges appearing on the bill you may know nothing about. >> looking for a cheap way to catch a 49ers game? [ female announcer ] the internet gets more exciting the faster it goes. that's why, coming soon, xfinity will double the internet speed on two of our most popular plans. xfinity continues to innovate, bringing you the fastest, most reliable internet, period. [ heart beating ] xfinity internet from comcast. double the speed. [ heart beats ] >>> covering cupertino, conquer, -- concord, wine country and all the bay area, this is abc7 news. >>> the mystery over where tesla motors will build the battery factory could be solved today. the palo alto based carmaker is reporting quarterly profits after the close of trading today. analysts expect to hear if the property found a home. california is in the running. there is word from japan that pa

look at what that did in a smaller country like sweden for tesla?r china, it's a big move. >> that's a car for the masters. it's not intending to be anything like the sportscar that a tesla is. it's a golf cart for people in chosen. i think that's a big, big deal. >> all right. we should know. tesla concernearnings out after bell. the parts spending grew 7.5%. cars made the highest rate since the first quarter of 2006. but post-car loans are subprime some could we be headed for more trouble if they are? in there the question, though, is how much did they fall on the first quarter, which were reversed. this gdp football was helped by exports. your point is well taken. when you look at the auto industry and the refresh cycle going on, i think we're in the middle of it. u.s. is close to seven million vehicles. i think that the auto makers are making better cars and they're locking in new customers and that's where there is real demand. >> in terms, yes, maybe they are. maybe more people are buying. so how are they buying those cars if one-third -- >> t

tesla split in two. collection is here. ♪ ♪ during the cadillac summer's best event, lease this all new 2014 cts for around $459 a month or purchase with 0% apr and make this the summer of style. e financial noise financial noise financial noise financial noise hard it can be...how ...to breathe with copd? it can feel like this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells,... you can get hives, vision changes or eye pain, or problems passing u

tesla began the stoppage today through august 4th. it will allow for improvements needed to help usher in the next major tesla vehicle, the model x crossover suv. the $100 million upgrade at the plant is also expected to boost production at the facility by 25%. and tesla says all paychecks are still being issued. >>> silicon valley social media leading the campaign trail. i'm scott budman, complete with tweets. coming up, hillary clinton meets her fans virtually. >>> hundreds of people in pleasanton are without running water tonight, but it doesn't have anything to do with the drought. why people are filling up water from the pool just to flush their toilets. >>> and we're seeing temperatures mostly in the 70s right now, but we continue to see unusually high humidity levels. tropical moisture may fire up summer showers. that in your forecast straight ahead. >>> then at 6:00, a small south bay community fights back. >> we want jobs, but not at the safety of our children. >> the bold move to stop a giant corporation from making their re

the tesla wound up in a synagogue. the tesla driver is in critical condition as is one of the passengers from the the honda. >>> some anxious southern californians are relieved over a hospital quarantine. here's why. it's delaying the release of the pillowcase rapist in their community. people who live in lake los angeles near palmdale are angry the state is releasing christopher hubbard in their community. he's admitted to attacking more than 40 women in the 1970s and '80s including some here in the bay area. monday's release date is now delayed for two weeks because of the norovirus at the minuhospit where he's incarcerated. >> this is a nationwide recall of foster farms chicken. the chicken sickened hundreds of people. >> live in santa clara about what you need to know and this is just one of many recalls from foster farms. >> reporter: it absolutely is and right now the specific chicken that we're talking about is no longer on story shelves, but it was carried at big chains like safeway and most cases, the label sa

now, tesla comes in with their new model to sell direct and i give tesla a year to sell direct. operating completely outside of the law. and i just say to them, listen you need to get together with the legislature, i'm not going to step in and enforce this law vigorously right now because i'll give you time to work with the legislature to get a law to my desk to selleck directly. for a year they don't do anything. you know after a while, you know, i take an oath to enforce the laws. not just the ones i like but all of them. >> your motor-vehicle commission did change the regulation. >> we didn't change the regulation we enforced a regulation that already existed based upon a statute. the fact is we looked the other way for a year, to allow tesla to do what they were doing. i couldn't look away any longer. i just can't pick and choose the laws i like to enforce and don't. i gave them a reasonable period of time to operate the way they were operating and to go to the legislature to get it changed. >> they say you opposed them at the expense of new jersey consumers. >> what would y

the fiery crash that left a tesla torn in two. and our local hot dog eating champ reaches a milestone, but it is not what you think. first, here is jimmy kimmle. >> thanks. here is a sample of the nonsense we have in store for you. >> mike tyson makes eggs. >> can you help me? >> yes. what do you want me to do? >> nothing. >>> another tense day in murieta, california as protesters on both sides of the debate refused to back down. they are waiting for more buses carrying undocumented immigrants to arrive. rob mcmillin reported from the border patrol station where there were already several arrests. >> with shouting and chanting there was passion on both sides on the center of the debate over illegal immigration. >> what do you hope happens with all of this? >> i hope we turn them back. >> i am here for the people who have been blessed to this country. >> we cannot handle this invasion. >> this is not what the country is all about. the children need a debate. >> not knowing when the buses would arrive, some people spent the entire n

the fiery crash that left a tesla torn in two.ot dog eating champ reaches a milestone, but it is not what you think. first, here is jimmy kimmle. >> thanks. here is a sample of the nonsense we have in store for you. >> mike tyson makes eggs. >> can you help me? >> yes. what do you want me to do? >> nothing. things on purpose? youe not a color found nature. there's nothing wrong with tha. i can hear your arteries clogging. ok. no. this is tap water. i can't let you buy this. oh. crystal geyser please. crystal geyser. bottled at the mountain source. [ female announcer ] the internet gets more exciting the faster it goes. that's why, coming soon, xfinity will double the internet speed on two of our most popular plans. xfinity continues to innovate, bringing you the fastest, most reliable internet, period. [ heart beating ] xfinity internet from comcast. double the speed. [ heart beats ] double the speed. surprise!lcome back. crystal geyser alpine spring water. crystal geyser. crystal geyser. news flash, it's bottled at the source. ne

the chase started right after the car was stolen from a tesla dealership. people were hurt including the suspect. >>> there's a rowdy standoff at a u.s. border patrol station in riverside county. for the second time this week. bigad shaban reports protestors say a small california town is now a symbol in the immigration debate dividing the country. [ screaming ] >> reporter: demonstrators on both sides of the immigration debate spent their 4th of july just outside a border patrol station in the small town of murrieta in southern california. because of the backlog in texas, hundreds of undocumented immigrants are expected to be bused here for processing over the next month. murrieta resident john henry says he plans to block the road to stop the next batch of arrivals. >> they are forcing small towns to take care of the federal government's problem. >> reporter: an official with immigration and customs enforcement says most of those bused in will be released as they await their immigration hearing or deportation. jackie believes that will strain an immigrati

the tesla driver was unarmed. >> the question is whether or not tesla is attracting an irresponsibleiny. >> we focused on the three fires that have occurred because of the tesla battery. the lithium ion batteries catch on fire and they shoot flames. it's very colorful but elon musk will point out that 300 house and car fires per year and a 4000 accident per day, yes we focus on this things -- on these things disproportionately. >> coming up, a millionaire with a warning for his fellow one per centers, if things don't change, grab a pitchfork. ♪ >> live from bloomberg headquarters in new york, this is a quote market makers." >> you are watching "market makers." our next guest is a self-described member of the 0.01% to says he has been rewarded obscenely his success and now is thriving beyond the dreams of annie plutocrats in history thanks to an early investment in a startup called amazon.com. he is now a seattle-based venture capitalist who has done some serious thinking about inequality. here is what he wrote in an op-ed for "politico." good morning to you. >> good morning. >> first

it was not just the tesla.a 100 mile per hour high-speed crash in the afternoon through los angeles. the police crash and then the tesla crashed later. car also ran into a parked mercury and a honda civic that had five people in it. it was a disaster. that should be set first. anytime you have a high-speed crash, if you had a pole at 100 miles per hour, it is going to be a serious problem for the car and its occupants. the car split in half. half of it was wedged in between two walls of a synagogue. the other half went off and exploded into flames that were stories high. this is not just a little fire. when theset happens lithium-ion batteries catch on fire. one of the local residents told a local television station they thought it was fireworks because it was on the fourth of july. some other celebration or that someone's box of fireworks had accidentally ignited. obviously, it is a serious issue for tesla. they have had this problem with lithium-ion batteries catching on fire in the past. they have issued fix

could tesla survive without elon musk?s poll. plus we'll be previewing tonight's earnings. "squawk box" will be right back. >>> when we return, jobless claims data that will move markets. plus, the ceo of toyota financial services, on what's driving kids for future success. "squawk box" rolls on, after the break. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. weit's not justt we'd be fabuilding jobs here,. it's helping our community. siemens location here has just received a major order of wind turbines. it puts a huge smile on my face. cause i'm like, 'this is what we do.' the fact that iowa is leading the way in wind energy, i'm so proud, like, it's just amazing. ♪ i voted for culture... ...with a 'k.' how

wine fridge and a tesla.lk my wife out of getting one of those wine refrigerators because too much money for a kitchen remodeling we're doing. thank you very much. i hope she is not watching right now. cheryl, good to see you, my friend. >>> well june car sales beat analysts expectations handily. it is estimated that dealers sold 1.3 million vehicles last month. automakers on track to sell 17 million this year. highest number since back in 2006. more customers mean more advertising from car brands which are projected to spend $2.5 billion on ads just this year. joining us now, dave winslow, dealer.com chief digital strategist to talk about the biggest trend in auto advertising. but, dave, i first have to ask you about gm. what surprised me about gm going way up, the stock going way up, investors didn't seem to care about recalls. do they think customers won't either? >> yeah. i think it is interesting dynamic where gm as a brand is taking a hit in the news because of recalls and that recently increased even m

the fiery crash that left a tesla torn in two. and our local hot dog eating champ reaches a milestone, but it is not what you think. first, here is jimmy kimmle. >> thanks. here is a sample of the nonsense we have in store for you. >> mike tyson makes eggs. >> can you help me? >> yes. what do you want me to do? >> nothing. heat shields are compromised. we what's that alarm?ures. fuel cell two is down. i'm going to have to guide her in manually. this is very exciting. but i'm at my stop. come again? i'm watching this on the train. it's so hard to leave. good luck with everything. watch tv virtually anywhere with the u-verse tv app. with at&t, the u-verse revolves around you. murieta, california as protesters on both sides of the debate refused to back down. they are waiting for more buses carrying undocumented immigrants to arrive. rob mcmillin reported from the border patrol station where there were already several arrests. >> with shouting and chanting sides on the center of the debate over illegal immigration. >> what do you hop

go pro, tesla, expedia reporting earnings after the bell. see whether the superhot stocks keep up momentum. dow jones industrial average now down off the session lows, lower by 297 points. it is sell-off thursday. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays

. >>> buy a apartment and get a tesla. 6 million bucks for anyone trying to settle down in a nice condo. more "money" coming up. ♪ [ male announcer ] some come here to build something smarter. ♪ some come here to build something stronger. others come to build something faster... something safer... something greener. something the whole world can share. people come to boeing to do many different things. but it's always about the very thing we do best. ♪ [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling, imagine what they can do for yours. make it matter. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future

shares of tesla, and a reminder tesla will be reporting the second quarter earnings after the bell tomorrowing to focus on, tyler, it's going to be the gibba factor, what did they tell you about development and finally breaking ground on the giga factory. will we get any news from tesla? that will be the focus tomorrow. guys, back to you. >>> phil, thank you very much. we'll watch for that closely. >>> that will do it for us on "power lunch." the dow is down 57. another big hour coming up with the fed. >> good to have you back, sue. >> thanks, ty. >>> we just have to show you this, brian has a com i don't in "sharknado 2" yes, he does, there is brian, where is he? he's running, i'm told. >> and he's fast. >> there he is. look at the panic in his face. that's a still picture of it. it premiere tonight at 9:00 p.m. eastern tame with brian sullivan at 9:00 p.m. on sky ficifi. >>> all right. now that you have revealed that i'm a coward and i flee giant sharks flying from the sky, it's all right. i promise you, america, the words you will not here on "street signs", giga factor. we won't say it

bump in the road for tesla. the company is struggling with lagging sales in europe, now being sued in china over its name. a savvy chinese businessman, registered the tesla trademark there first. investors are concerned that tesla said it resolved this back in january of the also, elon musk really talking about fact that china is where the growth is coming from. you're laughing, you're snickering? >> kind of a frivolous thing but i think for investors right now, tesla is a classic case of a stock that is priced for perfection. i think there is too much risk here. it remains to be seen whether this company can scale up battery production in a way that can bring down its costs. it is very difficult to achieve economies of scale with batteries in particular. i'm not sure profits will be there to support the stock price. >> i think what will happen this company may or may not break the trail and having a hard time doing it f it does, big companies with big capital structures come in and take market share because the

. >>> plus, looking to buy a tesla anyone in pennsylvania? why it's going to soon be a lot easier.athy. >> it is steamy and about to turn stormy. we'll time the storms for tonight and tomorrow. they could become severe with damaging winds and there are concerns for flooding. i'll have that coming up with the seven day. >> thousands of cyclists take over the ben franklin bridge as part of a 65-mile journey. we'll tell you why this race is very, very special when "eyewit >> welcome back everyone. an exciting sunday for space enthusiasts off the coast of virginia. >> three, two, one and we have ignition. >> and that was liftoff of the rocket carrying a cargo slip to the international space station. cigna took off from wallace islands virginia carrying more than 3,000 pounds of supplies food and experimental exercise outfits. nasa says the new clotheing is resistant to bacteria and odor so the astronauts won't smell as much during their two hour daily workouts. saturday marked the 5,000th day of continuous human habitation in orbit. >>> tesla dealerships will soon be coming to the keys

what's more, that shiny new bart station will be a 10- minute walk from tesla. >> when you put those two things together, what happens? >> the ability to have a bart station right next to a place like tesla is very special. >> reporter: last week, the city council rezoned 879 acres of mostly open land around that new bart stop dubbing it an innovation district. there will be 4,000 new relatively affordable homes and enough room for 12,000 new jobs, combined with top-notch public schools in one of the safest cities in america. >> it's going to make sure people look at fremont and consider it a viable place to locate their business to come to fremont to live, educate their children and have a great time. >> i think what they are doing is absolutely brilliant. >> reporter: he says having tesla nearby is huge. >> being near a technology leader inspires other companies to be like them. >> reporter: it will attract startups who can't afford silicon valley. >> in the tech world you want to have the coffee shots every shops, the theaters -- you want to have the coffee shops, the theaters, so

the plant will produce batteries, many of which will go into tesla electric cars. it should employ about 6,500 people. under the deal, tesla will build the building, and panasonic will make the actual batteries. >>> driverless cars could be on the roads in britain in less than six months. the country plans to start a three-year tile program in january in three different cities. the plan will include two types of driverless technology, one which will have the ability for a person to take control of the car if necessary. the other would be fully autonomous. so far, the test cities have not been named. >>> and here's a twist. amazon is willing to pay you for delivery. over the next three months, amazon prime members will be given $1 of instant video credit if they choose a no-rush shipping option. that means they will get the item in 5 to 7 days, business days, rather than the normal 2 with prime. >>> a seattle police officer's job is in jeopardy for being a buzzkill. the officer has been reassigned after a review found he wrote 80% of marijuana tickets issued in the

police were chasing a person driving a stolen tesla at speeds of about 100 miles per hour.ls say the chase ended when the tesla slammed into two cars, hit two light poles and then split in half. the driver is in critical condition after being ejected from the car. five others were hospitalized.including two l-a- p-d officers. in sports. the giants search for some runs as they fall farther behind the dodgers. . and a big day for the a's. they go twelve innings with a fantastic finish. jason has the highlights. and all the sports. next and then build thousands of people can now for the fourth of july parade. the parade is put on by the: tease club. safeway understands you got to make every dollar count these days. that's why they have lots of ways for you to save. real big club card deals, the safeway app and gas rewards. celebrate the fourth with envy apples, just $1.99 a pound. rancher's reserve tri tip roast is only $3.99 a pound. for the grand finale, dreyer's ice cream is just $2.99. there's more savings to love... at safeway. ingredients for life. heat shields are compr

the delays and the waiting list for tesla in china have been growing.is one market where they can do very well. i'm of the belief that we're pricing in a stock here with no competition. and we're using extreme valuation metrics and calling it a technology company. it's a great company. but, you know, little things like this are enough to on a day -- one to two-day basis give it a trading rally. they will be allowed to bypass dealerships in pennsylvania and sell directly, and this has been another big issue for tesla, it's good news, it's good news for the stock today and tomorrow, it's not good news for the stock next month. i would not be buying a stock on this news. >> the other good thing about the china news is that this leads you into the tax incentives which start on september 1st. where they are exempt, they and also domestic vehicles, domestic from levees through the end of 2017. >> you know, elon musk was extremely positive in china. it wasn't kept a good secret, they're behind on all of their benchmarks. they wanted to forecast out to 2020. th

. >>> also, tesla shuts down production at its fremont plant and it's because business is too good. >>> and a look at the new parking concept that has some people crying >>> i'm going to do what i can with the authority i have to act. the rest of you, of course, need to keep putting pressure on congress to pass federal legislation that revolves this problem once and for all. >> amen. >> amen. >> president obama signed executive orders today to protect lesbian, gay, bisexual and transgender employees from workplace discrimination. the move adds sexual orientation and gender identity to the list of protection. the second order protects federal orders from discrimination based on gender identity. >>> tesla has shut down its fremont manufacturing plant until august while it prepares for the highly anticipated crossover suv. for the next two weeks workers will retool the main assembly line to increase production of the model s sedan, which has been selling well. the palo alto company expects to make 1,000 cars per week by the end of the year. the reconfiguration also creates space for the

also, shares of electric carmaker tesla moving the opposite way.his one is kind of a big surprise down $8. there was a high profile crash over the holiday weekend tesla model s going from a dealer out in l.a. leading to a police chase reaching speeds of 100 miles per hour of a car crash into several other vehicles and hit a light pole. the car split in two, it caught fire, tesla is working with police to examine the wreckage. that is definitely hurt shares of tesla writes now. the stock fighting record highs. oil prices are slipping lower. both are down right now. down almost 3%. again, not a lot of volume, as you can see, but there you go. news libya will be busy with exports is certainly one of the things w we're watching. let's bring in the guys from our floor show. the cme group and the nymex. talk about volume and volatili volatility. what can you make of today's numbers the fact we are still flirting with the 17,000 number? >> i think i would agree with you, the holiday weekend has been extended, cheryl. it is just a doll summer monday, all o

it's not in the same allegory is a tesla, but i guess if you want to buy seven all carts and one tesladoing charging stations and they will be a big presence in china. charles: i think so also. the stock was up nice today. we are talking about policy misfortune and i think if-- china knows at some point they will have to-- as people start to make money-- because right now all the wealthy people are taking the money out of the country. they are making billions and taking it out and at some point they will have to make the transition. >> is electric cars will cause like 30,000 without the tax subsidy. charles: let me blow the whistle and open up a page from pains investment playbook. for years there has been outrage over the number of people incarcerated in america. one out of every 108 adults in jail or prison and that's a rate that is anywhere from five to 10%-- 10 times rather more than european countries. we are talking clothing, feeding, general care and it isn't cheap. coming out to $74 billion a year. this currently bipartisan support for sentencing reform including a bill introdu

. >>> still ahead at 6:00, a fiery crash that left a tesla split in two. tonight why police were chasing after that luxury car in the first place. >>> also the first hurricane of the season makes landfall. we'll show you what arthur left in its wake and how it affects air travel. >>> and i'm monte francis live if san francisco where there are two big concerns about tonight's fireworks show -- fog and traffic. i'll show you how people are coping with both of those things, coming up. ♪ ♪ ♪ ♪ ♪ get your taste of the season, at raley's, bel air, and nob hill. >>> happening now. right now, thousands of people headed for san francisco, oh, and this is what they might find, a live look here at the city. you can see the fog banks there. they rolled right in. we were hoping to have a real clear night for the fireworks. still could maybe get that. it's a couple hours away. getting there, folks could run into a little bit of trouble. monte francis is joining us from a caltrans train station. >> reporter: this fireworks session is supposed to start at 9:30. a lot of p

officers chased the tesla until they got that an accident.pt going but then crashed as well short time later. firefighters had to rescue several people from one of the other cars. >> world cup team back in action. 1 had the host country brazil facing columbia. fv soup of joy. team brazil fans at san francisco brazil restaurant celebrated team first goal just 7 pints into the game. party continued as brazil scored again and then held on for 2-1 win over columbia. german soccer fans cheer on their team today. france fought hard but couldn't get the ball in the net. team germany scored early and held on for the win. highlights coming up later this hour in sports. and you can watch saturday world cup match live here on abc 7 and sister network espn at nun am argentina versus belgium on abc 7 and 1:00 p.m. netherlands versus costa rica a on espn. >> another 30 minute of abc 7 fuss at 9 is moments away. coming up. july 4th celebration are about to begin in san francisco. we peek in if the fog allows. also another tense day in murietta as protestors

. >>> tesla motors is facing new legal action from a businessman claiming he owns the trademark right to the electric carmaker. bloomberg reports the chinese businessman is suing tesla and demanding the company shut down all the of showrooms, service centers and charging facilities in china. he is demanding $4 million in compensation. the businessman registered the right to tesla name in china before the carmaker entered the country and tesla is responding to the lawsuit and a spokesman says the big man is the one attempting to steal the carmaker's property. >>> now a check on the weather. >>> the clouds multi layers unlike normal so it will be a different time that it leaves us. i show you a beautiful picture of the monsoon moisture that brought us a beautiful sunset in livermore. thank you, christie, for sending that to twitter. love the pinks from the clouds. always looking for great perks of mother nature. >> half moon bay has half mile visibility. the marine layer is out there but not hitting the reporting stations. patchy drizzle is possible. it is winding down, as we get deeper

tesla powering up its third model. the new car set to hit the road in 2017. will it live up to the hype? >>> just me, myselfty and i. immortalize image on piece of toast. that is so money. do you ever have too much? ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. share your summer moments in your mercedes-benz with us. we're changing the way we do business, with startup ny. we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov ♪ i voted for culture... ...with a 'k.' how are you? i voted for plausible deniabilit

tesla bringing sexy back. the new moves by the bay area automaker, next. >> lakers fan reaches out to jeremy lin, the special deal he's offering when linsanity lands in l.a. at 1-800-dentist, we're about one thing. helping you find a dentist you'll want to go to for the rest of your life. we've helped over 8 million people find that dentist, and we can do the same for you. call 1-800-dentist today. ♪ call 1-800-dentist today. heat shields are compromised. we what's that alarm?ures. fuel cell two is down. i'm going to have to guide her in manually. this is very exciting. but i'm at my stop. come again? i'm watching this on the train. it's so hard to leave. good luck with everything. watch tv virtually anywhere with the u-verse tv app. with at&t, the u-verse revolves around you. >>> 5:15, new this morning, russia has detained two subway employees in connect with the deadly train derailment in moscow. investigators say a new rail switch where the train went off the track was not properly installed. 22 people died

tesla?w people buy it because they love the darn car. >>> sure this market is getting difficult. the patterns are messed up right now. you know what? it's still one of the most rewarding markets. still more "mad money." retailers have been put through the wringer this year. time to turn your problems onto profit. shares of snapple being snapped up today despite this market. time to put their tools in your belt? a stock that could give you a fresh coat of green. stay with cramer. >>> in a market that's within striking distance of it's all-time highs it can be difficult to find genuine high value stocks. there are a number of retailers performing down right awful of late. we need to look at this not as a reason to get bearish, but an opportunity. every now and then it's worth taking a step back and looking at the market, not as a trader but long-term investor. best way is viewing stocks with the lens of private equity firms. these leverage buyout artists are searching for companies with underp