and tesla already burns a ton of it. worse those competitors have one , big edge on tesla.hey tell millions of regulators and the trucks to absorb the losses made on perfecting their own model three challengers. all of which is a problem for investors paying top dollar for tesla shares. tesla right now is valued at $30 billion, putting it in the top 10 carmakers in the world. but it sales don't come close to matching. take a look. you can't even see them here. to buy the stock of this price, you have to believe that tesla can both change the global car market and beat everyone else. while it does so. the model 3 will have to move fast to catch up with tesla's investors. cory: all right, now joining us from portland oregon, looking at the company in detail. i think that was appropriate set up for this, the tesla model 3, the whole shooting match for this company and its current valuation. reporter: i think liam hit on the most important issues here. you know, tesla it takes a huge , number of challenges going forward. they have said all along even as , a luxury car company,

the unveiling of tesla's model 3. "today in the bay starts right now. >>> good morning, thanks for joining us. i'm kris sanchez in for laura garcia-cannon. >> i'm sam brock. right now we're unveiling your friday with no joke. >> good morning. clear skies as you head out the door and chilly temperatures, again. not as cool in some spots like san francisco and the east bay. 54 degrees and dropping to 4 degrd 2 degrees in the north bay. sunshine and light wind and 70s for the north bay and the tri-valley. this weekend, more of the same. i'll show you that coming up in a few minutes. let's head over to anthony with a check on traffic. >> things are moving pretty good this morning. we don't have much to report. you know the trend, friday light. that is happening right now across the bay area. start you off near the bay bridge approach and we do have a crash and this is on the 580 connector eastbound headed away from the regular flow of traffic. so, we're not seeing much in terms of traffic being impacted on the westbound s

of the tesla factory. we look look forward to meeting their needs in fremont. >> reporter: for every tesla sold, more than two manufacturing jobs are created. >> supply logistics and manufacturing companies. almost 80 companies in the 30 mile radius that can support tesla and this area. >> the fremont location is making up for lost time. a plant owned by general motors closed in 2010. >> 4700 people lost their jobs. 20,000 regionally. so this is a great shot in the arm for the whole economy. >> city council member suzanne lee chan is a tesla owner herself. in fremont in the 9439 zip code, we have the most tesla owners per capita in the entire country. so we are really committed to our teslas. >> the tesla plant is also a show room and the mayor points out the city will also benefit from the sales tax on each car sold there. >> and the preorder surge helped boost shares of the company. shares closed more than 3% higher today. >> president obama is attacking donald trump for his nuclear policy. president oba

tesla's investors. >> i spoke in portland, oregon with more on tesla's plans. >> i think liam hit onll of the most important issues here. number of a challenges going forward. they said all along, even as a luxury company, their brand is underpinned by this idea that they are on a mission to make cars for everyone. this is the first vehicle that will take a step in that direction meeting fully. execution is everything. >> tesla is fueled by big subsidies for the car. some states have added to that. we have seen those subsidies going away, particularly in europe. norway in particular. the suggestion is that by the time this gets out, they say they're going to ship in the last quarter of 2017. they shipped, they only made six cars. so full production, 2018. we look at all of the competition out there. mercedes, bmw, we have a lot of cars that will be there to compete with them in the all electric space even before this thing is in production. >> i think that is why tesla is taking this step of going ahead and collecting deposits before they even show the car. i think they want to creat

for tesla as a company. it represents a challenge. the company goes through tesla models. the model s and x and each was a life or death prop tigs. this raises the -- proposition. tesla has been getting by on a luxury segment of the market. it's trying to compete with auto makers. it prices the carsn the range. unlike the automakers, that can sell boatloads of cars. tesla does not have that luxury. this is a definite turning point trying to be - trying to earn its place, ranked among the highest value auto makers. tesla says the base model car will do 0 to 60. it's april fool's. among the pranks. lexus with telco seats to hold drivers in place. thanks for watching, more news next from doha. >> and a very welcome to the news hour much i'm nick clark, live from the headquarters in doha. coming up in a few minutes, worsening conditions in refugee camps. the panic is real. >>> an israeli soldier accused of the killing of a palestinian released in a military camp. >>> myanmar's parliament votes to

of the tesla factory. we look look forward to meeting their needs in fremont. >> reporter: for every tesla sold, more than two manufacturing jobs are created. >> supply logistics and manufacturing companies. almost 80 companies in the 30 mile radius that can support tesla and this area. >> the fremont location is making up for lost time. a plant owned by general motors closed in 2010. >> 4700 people lost their jobs. 20,000 regionally. so this is a great shot in the arm for the whole economy. >> city council member suzanne lee chan is a tesla owner herself. in fremont in the 9439 zip code, we have the most tesla owners per capita in the entire country. so we are reallyommitted to our teslas. >> the tesla plant is also a show room and the mayor points out the city will also benefit from the sales tax on each car sold there. >> and the preorder surge helped boost shares of the company. shares closed more than 3% higher today. >> president obama is attacking donald trump for his nuclear policy. president obama

ford and gm are 20 times what tesla is. on any me tritric that you look it the market spriesing in a best case scenario disregarding all the threats and concerns that i have looking out a few years and i think that a lot of the recent buying was fuelled by short covering and if you look at what happened the last time the market collapsed in january, tesla when down to $150 a share when the high pe names went out of favor. >> are you doubtful that they can produce the number of calls they think that they can? or that these amazing order which is they have been over the past week for this new model 3, are you doubtful of that entire story? >> i'm very skeptical. they had trouble meeting expectations of 16,000 yununits last quarter so when people tell me they'll go from 100,000 units to 500,000 units within four years i would not bet money on that there's a lot of better places to put your money than tesla right now. it will probably go down 20 or 30 before then. there's names that have 50% upside. if we look out a few years w

sky 7 hd was overhead while tesla was conducting test runs. >>> to make sure nothing crashes, tesla says online ordering for the model three will now open at 7:30 tonight instead of 8:30. as for what the car will look like, we'll show it to you you tonight at 11:00. >> be sure to tune in. stay here. no dipping at tonight's giants' game. as youngsters take a swing, players and the fans weigh in on whether a tobacco ban is a good idea. plus -- >> motor cross revs up in the bay area, but there's a serious side to the popular sport. plus -- >> i've been a customer since 1970s. >> folks in oakland line up to say goodbye to one of its land mark restaurants. >>> city officials pull out all the stops to welcome a long-time art store from across the bay. >>> "abc7 ne >>> this is "abc7 news." >>> the san francisco giants get ready to host the bay bridge series, fans going to at&t park will notice a big change due to a new city ordinance, banning something that's as much a health issue as a baseball tradition. wayne freedman is live with a story to chew on, or not chew on. wayne? >> reporter: typic

at tesla, we don't make slow cars. >> elon musk finally unveils tesla's highly anticipated model 3. at $35,000 a pop with orders now surpassing 137,000. >>> good morning and welcome to "street signs." we are just an hour into trade here in europe, and sentiment has turned sour on this first day of april. as you can see, the stoxx europe 600 is off just about 1.5%. this will be its second straight day of losses despite some improvement towards the end of the quarter. overall, the stoxx europe 600 did end in negative territory. quite a different story from what we saw on wall street with that dramatic comeback. we'll talk about that more in detail in a little bit. meanwhile, let's get a view on how this loss is playing out. we have seen some concerns once again over basic resources, financials, some of the sectors that really picked up towards the end of the quarter. ftse 100 off just over 1%. the xetra dax and the cac 40 off by 1.6% to 1.7%. we've been watching data throughout the morning. a lot of data coming out here on the eurozone manufacturing as well. we'll get into that more i

we love you. >> the lines were long in tesla showrooms. at least 500 people waited more than an hour here to pay $1,000 to reserve a model 3. >> tesla is the only car on the road that excites me. i've been waiting years for a tesla to come out in my price range. >> i'm buying it sight unseen, but i'm trusting in ee long musk. >> only elon musk could get away with that. >> abc news technology contributor becky says tesla's modeling plan was genius. >> it's bizarre that tesla would do their announcement at 8:30 at night but open preorders about a car nobody knows any details on in the morning. >> the delivery could be ready by late 2017. ab the c 7 news. >>> new at 11:00, hazmat teams took over an exclusive golf course, removed a box filled with chemistry lab equipment. someone left the chemicals and equipment in an isolated wooded area. police think they were using it for making illegal drugs. they say the box was far from homes and not a threat to the public. >>> petaluma police are putting out an alert tonight that there is a high risk se

we love you. >> the lines were long in tesla showrooms. at least 500 people waited more than an hour here to pay $1,000 to reserve a model 3. >> tesla is the only car on the road that excites me. i've been waiting years for a tesla to come out in my price range. >> i'm buying it sight unseen, but i'm trusting in ee long musk. >> only elon musk could get away with that. >> abc news technology contributor becky says tesla's modeling plan was genius. >> it's bizarre that tesla would do their announcement at 8:30 at night but open preorders about a car nobody knows any details on in the morning. >> the delivery could be ready by late 2017. ab the c 7 news. >>> new at 11:00, hazmat teams took over an exclusive golf course, removed a boxx filled with chemistry lab equipment. someone left the chemicals and equipment in an isolated wooded area. police think they were using it for making illegal drugs. they say the box was far from homes and not a threat to the public. >>> petaluma police are putting out an alert tonight that there is a high risk s

we'll find out when coming up. ,,,,,,,,,,,,,,,, the company is a >>> tesla is recalling 2700 model x suvs. >> no one should ride in the third row before the problem can be fixed. >> reporter: you know, the tesla model x is believed to be the first family-friendly tesla because of the third row seat but it announced that their own tests determined it could snap forward. >> could you tell us more about the second row seat? >> reporter: the rear seats passed 15 strength tests before failing the 16th, and the company said there are no reports of seat failures from customers and no mention of the recall on the company's website but the company said it sent an e-mail to owners today outlining the voluntary recall saying we expect all replacements to be replaced on a rolling basis over five weeks and ask that you to the have anyone sit in the third row seat. and tesla acknowledges the inconvenience and points to safety as the primary concern but makes no mention providing loner cars to the families f amily -- loaner cars to families who need that third row. >> so a lot of families purchase

just as tesla ramps up production of model -3's in early 20-18.-- most tesla model- 3 buyers. will not get the full 75-hundred- dollar tax break. coming up. we have an update on a prized stolen scooter that has finally been recovered. been recovered. those are some good looking tomatoes. yep. how long have you been growing them? for a couple months. me too. hey leonard, if we've been growing our tomatoes the same amount of time, why did your dirt grow more than my dirt? because my dirt's better than your dirt. oh. nature's care organic potting mix produces more tomatoes than those other guys. that's some good dirt. >> pam :happening tomorrow. san francisco giants player hunter pence will return a recovered stolen scooter to the make-a-wish foundation. it will take place at that a-t- &t fan lot tomorrow morning. the scooter was autographed by pence. and was later stolen from the make-a-wish offices after being auctioned off for charity. police recovered the scooter monday after officers recognized two men in a surveillance video. three suspects hav

will tesla be able to deliver? ron, that's the big question we want to know. >> the $35,000 question, if you will. a couple of hundred thousand people are betting or at least putting down that thousand bucks that tesla will deliver coughing up that down payment for a car that's not only not been produced but never at that time even seen. this morning, the demand for tesla's new model 3, its most anticipated electric car yet, surprising even the company's ceo, elon musk. >> this is kind of crazy. >> reporter: buyers flocking to their nearest dealer with their $1,000 deposits in hand just to get on a list to get the coveted car. >> i've been waiting years for a tesla to come out in my price >> that's something that i can afford. >> reporter: the new sedan lists at $35,000, less than half the price of a current tesla model s. nancy feldman braved the crowds to secure her very first tesla model. >> the first guy in the line got there at 10:00 at night and he slept there. he slept in his car. >> and all of those preorde

so, tesla making 50,000 cars a year. to put that into perspective, sam. the largest car dealer in the south bay, del grande sells about 35,000 cars a year. fords and shevies. i'm comparing a carer with a car dealer. it's apples to oranges. how few cars tesla actually makes. >>> april fool's day and companies making announcements. virgin america new logo. my favorite, though, is from france. take a look. >> single fries. >> single fries. exclusive at burger king. >> i don't think you need to speak french to understand what is going on there. >> so french for them to say, fries so perfect you just need one. >> no way that narrator was french. i do a better. >> freedom fries. >> they don't like it when we call them freedom fries. thanks, scott. >>> well, here is a live look at at&t park this morning. does it look like it's dressed up and ready for baseball? yes, it does. tonight game two of the bay bridge series. the a's versus the giants right here on nbc bay area. >> and as you probably know, the season hasn't technically started yet. still in spring train

. >>> and plus, tesla rolls out it's affordable electric car. this is aljazeera america, live from new york city. i'm richelle carey. we're following new developments out of north korea for you right now. a top north korean envoy told reuters that north korea is pursuing a nuclear ballistic program. there's a state of semi-war on the korean peninsula. south korea said just this morning, the north fired another ballistic missile into its waters. this all comes as president obama is at his fourth and final nuclear security summit in washington. thousands of leaders are gathered there today. thursday night, the leaders vowed to ramp up pressure. live for us in washington outside of the summit, jailly, we have heard threats from north korea before. and what's different now? >> well, not a whole lot, concept the level of bellicose rhetoric continues to escalate, as well as north korea's actions. it's a source of real concern in washington, and something that consumed much of president obama's day yesterday as he met with the leaders of south korea an

plus could the success of the model 3 mean the end of musk at tesla? >> it's april fools somewhere. >> but this ain't no joke to tesla investors. we'll explain. >> and here's what u.s. stocks are doing to the rest of the world. but here's what could happen next. >> drago with a hard right hand and stuns rocky balboa. >> and believe it or not we'll tell you how to profit from all of that. the "action" begins right now. ♪ flying high now >> let's get right to it. tesla shares surging nearly 4% today on very heavy volume on model 3 demand. two big questions today. can they make good on the deliveries, sand there more room to run in the stock? let's get in the money right now and we'll kick it off with carter braxton worth. he's back. >> thanks for having me back. this has been a huge gain off of the low. talking about something up 75% since the market lows, and the market up 15. the issue is, is this move overdone? and obviously on a percentage basis, on a duration basis, 12, 15 weeks in a row it is a little overdone and that's why it's backing and fillin

elon musk unveiling the newest in the tesla linethe model three. the model three has a range of about 200 mileswhich means you could get to sacramento and back on a single charge with a little bit left over.experts say the model three is a game changer because of the price point$35,000 which puts it in the same class as the audi a3, the bmw 3 series and the lexus is. musk is proud of tesla's latest accomplishment. >> elon musk : you will not be able to buy a better car for $35,000 or closeeven with no options. >> jeff :customers were lined up at showrooms across the bay area to put a thousand down to get on the list to buy the latest in the tesla line. i'm really excited about having an electric car that i can afford and i'm excited about tesla because they have really great electronics and great features. it's just so exciting to be on the forefront of a brand new product and it's a bit more affordable than the other models and it just seemed like a perfect combination of affordability and something really exciting and new. and, i signed up becaus

tesla unveiling the latest model last night to rave reviews and big lines. already getting 150,000 preorders in the first 24 hours with some suggesting that number could double through the week d weekend. >> it will be $35,000. and i want to emphasize -- i want to emphasize that even if you buy it no options at all, this will still be an amazing car. >> well w shares already up more than 20% in the past month though is it too late to get in? does the high valuation even matter? that debate begins right now. josh brown, what do you do here? >> you avoid if you're not already in the name because the valuation does matter. it just maybe doesn't matter right this minute but it's a really, really tough situation. what is this company really worth and look at the leading analyst covering the stock using dcf models on hypothetical 2020 numbers. if you're a trader and you're in this because it's momentum and breaking above the prior high congratulations you're making money. if you're an investor it's tough to make the case that you're getting in anything reasonable

hello, los angeles. >> i have to tell you, tesla is the story of the morning. >> tesla? >> tesla.l tell you why. this is the stock that's impossible to value. we are now valuing a company based on lines. based on lines. when is the last time that happened? apple iphones. tesla will be -- i don't know how to value the thing, but it's a loved, loved, loved car. >> it is i don't know if it's still true. i did an analysis last year, everybody picked holes in it, it's not real analysis. it was never meant to be real analysis, i was trying to make a point that tesla is valuing every car sold at $1 million. >> how much do they lose per car? >> gm, it would be $30,000 value per car. >> they make money. >> it's rudimentary fun stuff. tesla is over $1 million per car. >> and they lose per -- what do they lose per car? it's an amaze statistic. >> you've said this a billion times. it needs to be said over and over again. i love the cars. i love what elon musk is doing. you can love the company. because you love a product doesn't mean you have to love the stock. >> that's right. it's the only

all this together spells a tough challenge for tesla and elon musk. cory: microsoft makes a big bet on artificial intelligence after bet led to a sexist, racist tweets. we'll show you their take on ai. spotify and pandora singing a different tune. ♪ cory: this week, microsoft is hosting their annual developers conference in san francisco. their ceo announcing their intention to be a leader in artificial intelligence. their latest attempt was kind of hilarious. ai tweetingd an program. it ended up tweeting racist and sexist things. >> we want to take that power of human language and apply it to all of the computing interface. to do that you have to infuse ,nto computing all around us intelligence. that means you have to bring forth these technologies of artificial intelligence and machine learning so that we can teach computers to learn human language, have conversational understanding, teach them about the broad context, people places -- people, places, things. context about your preferences, your personal knowledge. so they can really help you with y

something of tesla's technological complexity, you have a lot of them.hing is more complicated. the second road doors swing upwards as opposed to outward. they've been having issues with them not wanting to open, not wanteding to close, not detecting something overhead. also things that are carrying over from the model s sedan, such as the beautifully laid out but really buggy center control stream. >> you there? >> i am. >> i apologize. they were talking in my ear. you say that the problems with tesla are dramatically more impressive than other vehicles. what do you mean by that? >> well, typically when you see a new vehicle of any sort arrive on the market, you know, sometimes you'll see things, you'll hear wind whistle that shouldn't be there, sometimes the transmission might be a little clunky. but the it still works. these are problems where you may not be able to actually operate the vehicle. if the front door won't open, you can't get into the vehicle. they went for something that was really a technological leapfrog from pretty much anything else

for tesla as a company, it represents a challenge. the company goes through tesla models. the roadster, the model s and x and each was a life or death proposition. tesla has been getting by on a luxury segment of the market. it's trying to compete with auto makers. automakers is that price the car in the $20,000-$30,000. unlike the other automakers that kan sell boatloads of cars. to fund research into electrical vehicles, tesla does not have that luxury. this is a definite turning point trying to be - trying to earn its place, ranked among the highest value auto makers. >>> josep guardiola reporting. tesla says the base model car will do 0 to 60 inless than 60 seconds it's april fool's. among the pranks. lexus with telco seats to hold drivers in place. during aggressive manoeuvring. there's a crazy suit. google's joke is a same-day delivery service, and restaurants announced a new app allowing people to get a taste of the food by licking it on the phone - do not try this at hotel. i'm richelle carey, keep it here for more live from london. >>> this is al jazeera. >>> i'm

tesla's new car. >> good one. >> buying frenzy.e fuss is all about. >> did you come up with that. it's electric. >> it was on the teleprompter. >> do you read everything on the teleprommer. >> pretty much. and clean and real and looking good and sandwich and soup and a little help and soup and sandwich and study group. good, clean food pairs well with anything. try the clean pairings menu. at panera. food as it should be. lowe's personalized ever slawn care plan, up for i've been up on my hind legs trying to get a better view of his grass. it's so beatif - aghh! cramp! cramp! my tiny unicorn legs can't take it. get a free john deere® dump cart or spreader with purchase of a john deere® lawn mower, at lowe's. well this a predicament. homestyle sounds good. but country style, not without it's charms. brown sugar hickory. who says no to hickory? single-serve vegetarian? sure! there are no rules here. no rules on aisle four! with 17 delicious flavors cooked according to our secret family recipe,