well tesla investors have always been really patient and they always had to be tesla is still not making any profits with a lost person there of almost three dollars the company is not producing cars quickly enough they keep pushing their production goals into the future month after month but tesla investors have always proven to be different from other investors so i don't think they're going to give up on the start to soon tesla investors have always seen the person of the landmark more than his economic success they keep seeing this visionary a great inventor of new and cool things so in other news today we saw the next round of nafta talks begin with little chances of success. yes and that is mainly because of the american president frequently threatening to completely throw nafta overboard and every time he does that companies and investors here in america begin to nervously shake because most experts and companies and evil even people in washington agree that this could hurt the american economy badly but trump is acting like a businessman here more than a politician placing threat

founded on the new tesla roadster. we have fastest car production car ever made period. even though the crowd here reacted so euphorically many experts in the field are skeptical tesla has a myriad of pressing problems above all the model three intended to take over the mass market instead of the fifteen hundred vehicles that expected to build a tesla was only able to make two hundred sixty last quarter experts say some of them were badly assembled tesla has been in the red for years last quarter it lost millions of euro's and just recently hundreds of workers were let go now more than ever the question remains can test a change its goals or just a series of funny tweets and product presentations you see. well let's ask just that to our financial correspondent at the new york stock exchange so fishermans q hi sophie well how much do you think investors continue to trust tesla if the company is literally not delivering. well test on vessels have always been really patient and they always had to be tesla is still not mak

i think they are by far the most important question for tesla right now i wrote this morning on green car reports that this was these two announcements while red meat for tesla as advocates and fans and owners are really something of a sideshow to the crucial question of whether or not tesla can get the model three into production within a matter of a few months in the volumes it anticipates there in the revenue it needs and at a high enough quality level where they're not forced to do a lot of rework or recall the cars certainly no one's ruling that out but tesla has a long history of not meeting its promise production deadlines and having quality issues in the first year or so of its new vehicles and the model three is really the car that will take it from a small specialized niche maker into the higher end of the mass market so the model three is just vitally important and it's very possible that tesla is going to have to raise considerably more cash although as someone pointed out if they get a thousand deposits at two hundred fifty thousand dollars apiece for their earliest editi

the second generation of the tesla roadster, the car the company was founded on. >> the new tesla roadster will be the fastest car -- production car ever made period. >> even though the crowd reacted so you berkeley, many experts are skipped -- so euphoric lee, many experts first. instead of the 1500 vehicles expected to build, tesla was only able to make 260 last quarter. experts say some were badly assembled. tesla has been in the red for years, last quarter it lost millions of euros. recently, hundreds of workers were let go. now more than ever, the question remains and tesla achieve its goals, or just a series of funny tweets and product presentation? >> it's an important question and we want to help us answer it. that's why we have john here, editor at green car reports.com. consumers are still skeptical when it comes to electric cars. i have a hard time imagining an electric truck myself. what you make of this launch? >> electric trucks are already quickly getting established, say up to 150 kilometers. this serves two purposes, it points up their ambitions to cover all segments of ve

tesla. >> stock is in bear market territory. the conference call is under way. >>> meantime, coming up here, facebook is hitting an all-time high after hours, although giving back some of those gains. the conference call is under way as we speak. we'll hear from ceo mark zuckerberg on the quarter, on russia, on everything, basically, and get instant reaction from gene munster >>> papa john's blaming the nfl for a football problem you will not believe what he had to say about commissioner roger goodell. >>> and the moment wall street has been waiting for, the most important decision president trump will make to date. who will be the chair of the federal reserve? reports are flying it could be evlime powell. ste esman is working his sources. we'll get you the latest after this stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker

well not once but twice tesla c.e.o. ilan muscat postponed to the presentation of his electric big truck but last night was finally the night he unveiled to the long awaited vehicle in california designed to challenge the climate damaging gas guzzlers on the highways and he threw in a surprise sports car as well take a look. it was a big show for a big truck. tesla basilan musk joked that this would be the most useful eighteen wheeler ever tweeting it could transform into a robot fight aliens and even brew coffee and he said it's built for the long haul but. now one of the biggest questions we've been asked about. electric trucks is well how far can they go because well it's perhaps a five hundred mile range. that's about eight hundred kilometers the driver sits in the middle no need for different models with steering wheels on the right or left musk promised his electrode truck would be cheaper to maintain than today's diesels it's set to hit the road in just two years but musk was coy about the price which logistics fi

on a very long run i think you want to be long tesla. in the short term, you have a great risk/reward here you know that 292 from the other day is your love, your stopout point. you're trading at 315, great, but you have a great risk/reward. >> what's the long run, though the markets could potentially not be as strong as today. would a stock like tesla do well if there is a pullback >> no. but i'm not saying long run, i'm talking five to ten years. what i'm talking about, again, the decarbonization of the electric grid. this plays into the different disruptions that are out there >> risk/reward, there's no way you touch it here. i think you're disappointed as a tesla investor i think law of diminishing returns on these announcements when there's no detail, we start to lose the umph >>> the chart master sees something that's trouble for the group, i'll tell what you that is i'm melissa lee. you're watching cnbc, first in business worldwide meantime here's what else is coming up on fast. >> where shares are on fire. and there's something t

tesla roadster. with a ridiculously fast zero to 60 time of 1.9 seconds, the all-electric roadster is expected to have a range of 620 miles. >> you'll be able to travel from l.a. to san francisco and back at highway speed without rech. [ cheers and applaus] but the point of doing this is to just give the hard core smackdown to gasoline cars. >> reporter: tesla fans love the idea of a super fast sports car. but many are waiting and wondering when tesla will straighten out production problems that have slowed deliveries of the company's newest car, the model 3. >> at some point he's got to deliver those before he can, you know, convince everyone he's going to be able to deliver things lik trucks that have to deliver things for businesses and have to be reliable. >> reporter: tesla knows customers will remain loyal as the company plans for a future with electric cars and trucks. phil lebeau, "nightly business hawthorn, california. >>> walmart says it plans to be among the first companies to pilot tesla'

rajini: tesla has unveiled its first electric truck. chief executive elon musk boasted that it will blow your mind clear out of your skull. the tesla semis claim to travel 400 miles after half an hour's charging. but with the firm struggling to meet demand of existing models, some analysts are asking if tesla is promising more than it can deliver. in loshe launch angeles, this report. reporter: by bringing some of its trademark speed and style to trucking, tesla thinks they can unseat diesel as king of the road. >> the thing looks like it is not moving -- [laughter] is a diesel truck. reporter: elon musk has promised it will be able to travel up to 500 miles on a single charge, and when dragging the heaviest trailer allowed on american roads, it will still accelerate to 60 miles an hour in just 20 seconds. he wouldn't say how much the vehicle will cost, but argues that when fuel and maintenance are factored in, it will be cheaper and more efficient than diesel, claims that were met with considerable skepticism by some. >> it is really a

also tesla slows down production the lead again on tesla model spray as the electric car maker bitten off more than it can chew. this is d.w. business well today u.s. president donald trump is due to announce his pick for the new leader of the federal reserve now will he be the new man at the helm of the world's most important central bank if you believe an increasing number of reports well his name is jerome powell he has been a fed governor since twenty twelfth he's a centrist on monetary policy and is known as a pragmatic and down to earth official with both private sector and government experience the head of the u.s. federal reserve is the most powerful central banker in the world some past fed chairman have even attained new cult status like alan greenspan he opened the money floodgates and sent equity markets into a feeding frenzy it led to a time of unprecedented growth fueled by credit. until the bubble burst in two thousand and seven unleashing a global financial crisis greenspan wasn't around anymore it was his successor ben bernanke who had to do the damage control but he

of the fed and tesla stalls electric comically delays delivery of its new sedan and post its biggest quarterly loss ever. and then fizzle and that's the business the bank of england has raised its key interest rate for the first time in more than a decade from one quarter of a percent to half a percent the rate increase was already priced into the markets so the focus now is whether the rate is likely to be slowly inched up over the next months higher interest rates could see the pound rise sharply. over to frankfurt for the european reaction on this story with all the bonds our financial correspondent ali would you say that this is a sign that the economy is now really pulling itself together in the u.k. or is this a warning sign because it it breaks. it's a warning side warning sign because of. some people say the weak the weakening british economy is about to strengthen again the labor market but the pound is still trading at fourteen percent below the level that it was trading at before the bracks a vote and the british people and industry are feeling it with imported inflation i

tesla ? nobody knows. who were paper that? the government? tesla? nobody knows. —— the beast.nd schedule. they are cutting back production. they are spending about $1 billion to keep things moving. 0ne analyst we spoke to says that tesla a re 0ne analyst we spoke to says that tesla are all about disruption. china has been active in electrics, and it would be a strong market moving forward, especially coming to buses and trucks. what you think? is ata buses and trucks. what you think? is at a wise move? as you say, they have not rolled out an affordable car? analysts are saying it is a big risk. a lot of it will come from how far these things can go on a single charge. analysts are putting it between 200 miles of charge to 400 miles of charge. that is still quite a bit less than your standard diesel which, on a single can go up to about 1000 miles. you need a human being to be doing that, though. and, later need the latte. thank you for that, matt morrison, and we will be at the launch as tesla releases the beast. chinese emissions are quite high. they are already the biggest m

as last check, tesla shares were down about 7%.pix 5's jessica flores reports that the company's production goals for the new model 3 are also falling flat. >> reporter: diane mcdermott says she is on the waiting list for the tesla model 3. she signed up a year and a half ago. >> just got an update a couple of days ago that said, hey, we're kind of behind but still looking forward to getting you your car. >> reporter: tesla is way behind to produce 5,000 models a week by the end of 2017. they only produced 260 in the 3rd quarter. does it worry you they're not meeting their production goals? >> i don't care. >> reporter: a lot of owners here at this mountain view tesla charging station are huge fans of the company. and they're unfazed that it missed its production goals. still, investors are taking notice. >> investors are not happy at all that tesla is not meeting its model 3 production goals. elon musk does not expect the company to start producing 5,000 model 3s a week until the end of the 1st quarter. that's well off his origina

tesla's ceo elon musk unveiling the company's first big rig, already has its first orders, but tesla also unveiling another pretty surprise. is it enough to blow away investors' minds >>> owning a home, long the american dream, but it may not help you build wealth. surprising new data to make you think twice about buying a house. "power lunch" starts right now ♪ >>> welcome everybody to "power lunch. when i buy, it is the peak when i sell it is the bottom. that's my life story stocks, they are down this hour. the dow and s&p 500 both on trek for a second straight down week, but the nasdaq is on pace to finish the week higher watch the bond market, folks yields on the two-year treasury note hitting the beginning of the financial crisis a 1.71%. check out the etf that tracks energy we are on pace now for the first week in more than a year big moves in retail to tell you about. abercrombie & fitch up 25% on earnings ross is up 10% footlocker up 25% on its earnings more on that ahead >>> the death of retail may be exaggerated. we're watching apple, the tech giant delaying a key launch of

my brother drives a tesla. is all about tesla.one at the moment is because of the cost. it is cost prohibitive for the normal consumer. that is something that is coming up here in terms of the customer who is making the purchase for the trucks, the larger companies, who are used to deal with in my former life as a food company founder, are they going to be buying thousands and thousands of vehicles? ca ntos loo k thousands and thousands of vehicles? cantos look that demand given that they have had to go back and solve problems with their electric cars —— can tesla ? problems with their electric cars —— can tesla? we saw a las vegas, a self driving car, shuttle bus, that was involved in a crash. this is the issue. how smart are these particular machines? they are saying that they are working with all sorts of technology. dedicated lanes on highways is absolutely not a bad idea. in beijing they are talking about short distances, 100 mile distances, under 100 miles. tesla is claiming 500 miles with this particular truck, which is rea

tom: tesla just unveiled its first electric semitruck. elon musk had promised a beast, and he delivered. it offers the longest range and fastest charging time of any electric vehicle ever made. musk: one of the questions we've been asked is how far can they go? 500-mile range. [applause] tom: i climbed in this truck, and it is cool. the driver seat is in the center of the cab with an expansive view of the road. the cap is incredibly spacious -- the cab is incredibly spacious compared to the standard big rig, and the specs are impressive -- the cab is incredibly spacious. in the world of trucking, the only thing that matters is the cost of doing business, and crucially, musk did not give the sticker price. but he said it would cost at least 20% less to operate than diesel. it does so in part by borrowing parts from tesla's model 3 sedan. but this truck was not the biggest surprise that tesla had in store because the back of one of the semi's opened up, and this rolled out -- an all new roadster sports car that no one was expected. the $200

yes, tesla unleashes the beast. but will the electric truck transform road transport, or prove too heavy a load for the company? plus, tax relief for president trump — as his $1.5 trillion reform plan clears the house of representatives. but it could be short—lived as the debate moves to the senate. and global stocks rebounding at the end of the week as investors snapped up bargains after the recent sell—off, encouraged by solid quarterly earnings reports on wall street. and we'll be getting the inside track on donald trump's tax plans, plus what is happening in saudi arabia with our business editor, simonjack. and it's being reported that scientists have sent a secret message to reach alien life elsewhere in the universe. today we want to know — what would you ask or say to any extra—terrestrials out there? just use the hashtag bbcbizlive. du toit in and let us know you're out of the world responses. we start in california, where in the last few hours electric car maker tesla has unveiled its latest venture. founde

tesla vasil on musk joked that this would be the most useful eighteen wheeler ever tweeting it could transform into a robot fight and the ins and even brew coffee and he said it's built for the long haul. now one of the biggest questions we've been asked about. electric trucks is well how far can they go because well it's perhaps a five hundred mile range. that's about eight hundred kilometers the driver sits in the middle no need for different models with steering wheels on the right or left musk promised his electrode truck would be cheaper to maintain than today's diesels it's set to hit the road in just two years but musk was coy about the price which logistics firms had been hoping to find out. tesla's car business has so far served a small niche small than expensive luxury cars that's where most had another surprise up his sleeve the second generation of the tesla roadster the car the company was founded on the new cars the roadster. we have fastest car production car ever made period. even though the crowd here reacted so euphorically many experts in the field are skeptical te

the tesla fa ns thing for the tesla faithful.a new roadster. that has got this energetic crowd extremely excited. the bad news for tesla fans is it will not be on the road until 2020. and that is it from china for the moment. there is absolutely no doubt that we will be back here pretty soon. in the meantime, you can catch all of the backstage find on facebook and the bbc twitter. —— fun. thank you for watching. we will see you soon. colder air is in to stay for the weekend before mild air makes a fight back next week. friday had sunshine and showers and cold air in scotland across southern and eastern parts of england. hardly a cloud in the sky. this is the view from the isle of wight. scotland will have the best of the sunshine. there will be a brisk wind, with isobars close together. cloud and patchy rain extending across wales and south—west england and other parts of england and wales through the day. patchy frost to start the morning. not as widespread as friday. sunshine becomes more limited for many of us through the day.

after to postpone a tesla c.e.o. elon musk has finally presented his new baby to the world more than that weighing in at more than thirty three thousand pounds it was a big and tesla's new big rig truck was unveiled last night in california electric powered it's meant to challenge the climate time damaging gas guzzlers gas guzzlers already on the roads just because that's the kind of guy he is he threw in a surprise sports car. it was a big show for a big truck. iran must joke that this would be the most useful eighteen wheeler ever tweeting it could transform into a robot fight aliens and even brew coffee and he said it's built for the long haul . now one of the biggest point. we've been asked about. electric trucks is well how far can they go because well it's perhaps a five hundred mile range. that's about eight hundred kilometers the driver sits in the middle no need for different models with steering wheels on the right or left must promised his electrode truck would be cheaper to maintain than today's diesels i

tesla unleashes the beast. but will the electric truck transform road transport, or prove too heavy a load for the company? plus — tax relief for president trump, as his $1.5 trillion reform plan clears the house of representatives. but it could be short lived as the debate moves to the senate. and on the markets: asian markets have built on the previous day's gains. they head into the weekend on a positive note, as traders were buoyed by news from the us that donald trump's tax cuts have moved a step closer. we'll take a look at that and the other market moves later. asa as a mentioned, it has proved positive for the markets. president trump's plans for the biggest shakeup of trump's plans for the biggest sha keup of the trump's plans for the biggest shakeup of the country's tax system since the 1980s took a step further on thursday. the house representatives voted to pass a broad package of tax reforms being pushed by the president. he says they will boost the us economy, but critics on the democrat side call

. >>> tesla is getting into the big rig business. the electric carmaker says it's shaking up the $700 billion trucking industry with the unveiling of its first electric semi tractor-trailer. with the pomp and circumstance of a big tech unveiling, elon musk showed off tesla's new electric semi truck. >> it's unlike any truck that you have ever driven. >> reporter: he says the semi has a 500-mile range on a single charge and contains many of tesla's signature features including the autopilot system. to meet demand, tesla says it's building a network of solar- powered mega charging stations which need to be ready when the truck becomes available in 2019. but the announcement comes as tesla faces major challenges. it lost a record $619 million last quarter and has struggled with production. >> you will not be able to buy a better car for $35,000. >> reporter: it is way behind on orders for its low cost sedan, the model 3, with some customers waiting 18 months or longer for delivery. cnet's tim stevens attended last night's event and says

it does so in part by borrowing parts from tesla's model 3 sedan . not theck biggest surprise that tesla had in store because the back of one of the semi's opened up, and this rolled out -- an all new roadster sports car that no one was expected. the $200,000 base model can go zero to 60 miles per hour in 1.9 seconds, making it the quickest production car on earth by a good margin. and it can go a stunning 620 miles on a single battery charge. the original roadster helped you find tesla as a company and this new version sets the bar for the motors, fourhree seats, a convertible roof top, and a massive 200 kilowatt hour battery pack. musk: the point of doing this is just to give a hard-core smack gasoline cars. tom: it's hard to imagine how tesla will bring all of this to promised, by 2020, as even as it struggles with its 3 sedan. it may very well push the entire transportation industry even faster toward going electric. here with us to discuss the details from last night's unveiling, jean munster joins us from raleigh, north carolina, but was in l.a

tesla's cash burn. $1.4 billion, that is the most that tesla has on record.n what analysts were expecting. we are seeing tesla share price falling over the past two quarters. all is not lost. , bloomberg newe energy finance is saying by 2018 tesla will be in a good position, beating general motors , saying they think that in 2018 will emerge as the standout. they will eventually be thing some hundred 9000 vehicles -- 700-9000 vehicles. 700-9000 -- 709,000 vehicles. giving us a really good look at the u.s. auto market. child.et over to james great to have you on the program. let's start with tesla. is this a temporary blip? he does not know how to prevent it from happening again. tesla is entering a new phase going from much lower production volumes to a magnitude of difference in the terms of model three ramp-up. they have had some production .ssues i would expect them to get through this in the coming months to ramp up nicely as we get into 2018. it is a little early to say how long these production issues will go on for. i would expect them to get through t

also reporting results, tesla.t could be the moment of truth for the model three at the heart of teslas bet for mainstream success. ♪ the tax reform bill is released tomorrow, gop leaders will have just 10 official legislative days before the holiday to do nothing short of rewiring the u.s. economic engine. here to talk about what is feasible is congressman chris collins come a republican representing new york. he joins us now from capitol hill. chris: good afternoon. are reports you have managed to find some kind of compromise with congressional leaders that will allow deductions for state and local taxes to remain in some form. is that true? we're it does look like going to have a continuation of the deductibility of property at aboutbe cap $10,000. toyour property taxes of up $10,000 you can deduct. if they are over 10,000 you would be limited to 10 plus your mortgage interest deduction. i do think what it still means is 85% of americans will take a new standard deduction of $24,000. even though we are putting i

tesla released its earnings report. not only did the company lose more money than expected, $619 million, but it's also making less model 3 ss. ceo elon musk promised 1,500 in the third quarter, but only 220 were produced. because of delays at its battery facility in nevada, tesla said it now expects to make 20,000 model 3 ss per month by the end of march. putting them about three months behind. >> i understand it's not the easiest thing to do so there's bound to be road blocks in the way that you have to get past. good that it's being done. >> reporter: tesla is falling behind its own schedule, it may find people are looking at all their options. neil mcgwire drives the electric hybrid chevy volt. he's not willing to put down $1,000 for an electric car that's not quite ready. >> a nice style to the vehicle. i've seen all the car companies coming out with electric vehicles. so i'm anxious to have choices across the board. >> reporter: the news has hit tesla's stock pretty hard. it's down about 7.5%. reporting live in sa

>> yeah, i mean look, tesla's track record is short lived. apple has been around 30 years and delivered ten straight iphones like clockwork with very minimal operational glitches tesla with its model x had very significant manufacturing ramp issues, but more importantly had very significant initial quality issues with the doors, with window fitting, and that was okay because it was a relatively limited product in terms of its volumes, but the worry with model 3 is, this is a mass market product, so if there are quality issues, and again there is precedent for that, you know, that's really significant for the company at this stage in its life >> tony, it's good to talk to you about it we'll see what they bring us tonight. thanks again talking some tesla this morning. >>> let's get to another one of our own here, sara eisen is in atlanta where she just talked to koch ceo his first interview since taking the helm, sara >> james quincy has been ceo for six months, in that time they've been cutting costs and what he calls reinventing a more than 1

and tesla unveiled their truck of the future and it's electric the government says just has to do seal two emissions and boost the company's fortunes. on a warm welcome to you i'm. germany's search for a new government has gone into extra time after a stalemate at all like talks in berlin unlimited conservatives want to trash out of cornish and deal with the pro-business free democrats and the greens but the parties remain too far apart on issues including the environment in migration now they're back at the negotiating table hoping to avoid another election. another round of difficult talks at the seedy hughes party headquarters the negotiators are coming off a long night with very little sleep but they know for you to reach an agreement could may new elections chancellor merkel says she's determined not to let that happen villain despite all the difficulties in these negotiations i am determined to form a government as mandated by germany's vote as they definitely won't be easy it'll definitely be hard but it's worth going into a second round of talks one that by in a while so that a

tesla will be able to make its electric semi.n able to do it on any of their models so far. assuming the new lorry can be produced in numbers, will hauliers actually want to buy it? tesla is promising low running costs and a high degree of driver comfort, but that may not be enough. the problem with electric lorries is the price point. a new lorry, a diesel lorry, costs us £85,000 each at the moment. these new teslas are probably going to be around the £200,000 mark. that‘s way beyond the budget of most hauliers in the uk. tesla is already struggling to turn itself from a niche luxury car—maker into a mass—market producer with its new model 3. and hidden in the back of the electric lorry was yet another new project, a hi—tech roadster which tesla says will be the quickest production car on the planet. now analysts are worried the company may be trying to go too for too fast. theo leggett, bbc news. australia have retained the women‘s ashes, with an emphatic six—wicket victory over england in the first twenty20 international in sy

tesla has unveiled its first electric truck.sla semi is claimed to travel 400 miles, afterjust half an hour‘s charging. but with the firm already struggling to meet demand for existing models, some analysts are asking whether tesla is promising more than it can deliver. from the launch in los angeles, dave lee reports. by by bringing some of its trademark speed and style to trucking, kessler thinks it can unseat diesel as king of the road. —— tesla. thinks it can unseat diesel as king of the road. -- tesla. it looks like it‘s not moving. of the road. -- tesla. it looks like it's not moving. elon musk has promised it will be able to travel up promised it will be able to travel up to 500 miles on a single charge and when dragging the heaviest trailer allowed on american roads it will still accelerate to 60 mph in just 20 seconds. he wouldn‘t say how much the vehicle will cost, but argued that when fuel and maintenance are factored in it will be cheaper and more efficient than diesel. claims that were met with considerable sceptici

tesla is getting hit with another lawsuit accusing them of racial discrimination. it's the third lawsuit filed this year against them. >> i liked what i did i didn't like how i was treated. >> reporter: marcus vaughn was making $18 an hour at the fremont plant. the 25-year-old said that it was over shadowed by an offensive racist environment where he and other african american co workers were called the n word. >> by me being called that i know it made me feel worthless basically and stressed me out a lot. >> reporter: he said he wrote a letter to hr and the ceo but nothing changed. monday he filed a class action lawsuit accusing the company of race based discrimination and failing to prevent discrimination and harassment. according to the lawsuit the ceoe mailed staff in may that said part of not being a huge jerk is considering how someone may feel who is part of a less represented group. sometimes these things happen on accident in which case you should apologize. in fairness if someone is a jerk to you and apologizes it's important to be thick skinned and accep

the tesla semi.s on the roads, doing 0—60 miles per hour in 20 seconds. on the left, the thing that looks like it's not moving, is a diesel truck. as you might expect, it comes filled with a host of tesla technology, including autonomy. this thing will change lanes on its own. now, a diesel truck is twice as expensive as a tesla semi. if you move from diesel to electricity, which is significantly cheaper, these trucks will be significantly cheaper, and they could pay for themselves in just a few years. other companies are trying to pull off the electric truck. cummins is a truck firm that has been around for more than 100 years, and it unveiled its own electric truck recently. but that one has only 100 miles per charge, of no interest to any serious trucker. in classic steve jobs style, elon musk had one more thing for the tesla faithful. so, the tesla fans that came here today certainly expected to see a lorry, what they weren't expecting to see was a new roadster, and that certainly has got this en

it has bought a stake in snapchat, and also in tesla. you understand the world around them. and by notjust talking about semi—autonomous cars, no, tesla now has a new track. here is david lee in los angeles. you‘ve really got to hand it to elon musk, when people were telling him he can‘t do something or that he‘s doing too much, what does he do? he goes and launches an enormous electric truck. here it is. the tesla semi. he says it will go 500 miles on a single charge. carrying the heaviest loads allowed on us roads, it will do zero to 60 mph in 20 seconds. the thing that looks like it‘s not moving, is a diesel truck. as you might expect, it comes filled with a host of tesla technology, including autonomy. this thing will change lanes on its own. now a diesel truck is twice as expensive as a tesla semi. if you move from diesel to electricity, which is significantly cheaper, those costs will be significantly cheaper and these trucks pay for themselves in a couple of years, in theory. other companies are trying to pull off the electric tru

tesla had a big announcement to make and everybody kind of knew they were going to reveal their teslad, but then they also released to a very surprised crowd the tesla roadster, and shock waves went event. >> roadster! >> and a lot of youtube celebrities were invited to be a part of that very exclusive unveiling. you time's youtube channel. >> they say it can do 0 to 60 in 1.9 seconds. >> the roadster is due to come out in 2020. the people at this event had the opportunity to reserve theirs, right then and there. for $200,000. the tesla roadster starting at $200,000. they're not making a lot of them. when you consider that in supercar terms for 200 grand this say bargain. >> how about looking for a house for 200 grand. >> if you follow tesla at all their high speed mode is called moodicrous mode. this is called plaid mode and you'll see why. >> three, two, one. [ bleep ]. >> notice the center console it goes plaid. i think brooks realizes his deposit is well worth it. >> that never gets old. >> he at first didn't think he'd notice a difference between the tesla that he owns and this.

let's move on to tesla. are missing delivery targets for the model three.the headline tesla past 250,000 in cumulative sales. did the skeptics predict that? reporter: here's the thing with tesla. it is all about the production. it's all about can they get these cars into people's garages? there -- these are very sophisticated cars. if you have driven one, you know what it's like. getting them right, and he is a stickler for details. the seats, for example. i'm always fascinated in the detail just of the seats. emily: the door handle. reporter: they are very sophisticated. getting them right is a very difficult thing, always a challenge for tesla. you have to ask this question, as sophisticated as the technology is, people want to think about tesla as a tech uto company. an oua if you can't get the cars in the right place in the right combination, all the advances do not make a difference. emily: even if he is sleeping in a sleeping bag on the floor of the production line, essentially. it seems like this is a

the car's base price though, $200,000. >>> the tesla sports car will seat four.in just 4.2 seconds. anthat's the "overnight news" for this monday. for some of you, the news continues. for others, check back with us a little later for the morning news and cbs this morning. from the broadcast center, in new york city, i'm elaine quijano. captioning funded by cbs >>> it's monday, november 20th, 2017. this is the "cbs morning news." the infamous murderous cult leader charles manson is dead at the age of 83. >>> sexual misconduct allegations against roy moore are not stopping some christian conservatives from backing the conservative candidate. >>> and turkey day is almost here. these two birds are sitting pretty as they prepare to shine at the white house. >>> good morning from

i've got the numbers for tesla a wider than expected loss tesla losing $2.92 a share the estimate was $2.29 a share revenue slightly better than expected not a big surprise here since we get the delivery numbers from them revenue coming in at 2.98 billion. the estimate was for revenue of 2.94 billion we're just starting to pore through the investor letter. that's where you find the little nuggets that are most interesting. when it comes to model 3, they say they plan to be at a production rate of 5,000 model 3 vehicles per week by the end of the first quarter. they've already set a target of 10,000 per week by the end of some point in 2018 we're going to go back, look at the letter, and give you more. tesla, a wider than expected loss of $2.92 a share. back to you. >> all right you were on the phone. we see you shares are down 3% thank you, phil. 5,000 per week by the end of the first quarter. this is a company famous for saying, yeah, but we're going to do better, we're going to get there. going back to what they did in the third quarter, they delivered 220 model 3s kevin, what do yo

we asked a local expert if the automaker tesla has the ability to serve the mass market.hat's all coming up at 6:00. >>> finally, a powerful symbol of the struggle against aides is on display. >> a panel there the aids memorial quilt are hanging in san francisco's grace cathedral. it sends a profound message of compassion and support to the lgbt community. >> that's the power of the quilt. to have that in our space. i don't know if we dignify it as it dignifies us. what an honor to host a beautiful piece of art that is more than art. it is a sacred statement about the value of human life. >> the display, in a 30th anniversary of the names and project and the creation of the quilt. >> world news with david muir is next. >>> tonight, your money. president trump's sweeping new tax plan. the president promising a, quote, big, beautiful christmas present. how much would middle class americans save? how much would wealthier americans save? and who pays for it all? >>> also tonight, the man who allegedly opened fire inside a walmart. the image, walking in seconds before the shoo

at nouncment comes as tesla faces challenges, lost $619 million last quarter. we will not be able to buy a better car for $35 t. >> significantly behind on orders for low cost sedan, model three. some customers waiting 18 months or longer for delivery. tim stevens attended last night's event and said production is one of issues tesla needs to address. >> struggling to get those out the door and meet the preorders they have now. need to get those out and revenue flowing to pay for products like the semi. >> stephens says the auto maker needs to shake the reputation that some of its vehicles aren't always reliable. >> when you are talking commercial truck that businesses will depend upon, need those things to be absolutely bulletproof. tesla will have to prove to industry that their trucks will be more reliable than the truck that are on the market today. >> tesla has said reliability concerns are out of step with reality as the company is constantly making improvements to the cars. at the end of the event. musk unveiled one other surprise for the audience. he sh

tesla also reported third-quarter results with disappointing numbers.e will review the production setbacks for the highly anticipated model three. a bigger picture emerges with the sophistication of expertise behind russia's influence campaign. we will show you use some of the ads is by kremlin sponsored hackers and the fiery exchanges as we wrap up day two of tech hearings in washington. to our lead. facebook recording another quarter of record sales despite a tough week on capitol hill. shares climbed to a record just before the earnings report and are trading slightly higher in extended trading. revenue rose to more than $10 billion in the period far above the top range from expectations. not bad for a quarter that was dominated by reports that russia allegedly used the social network to meddle in the election. in a statement, mark zuckerberg said facebook is serious about blocking abuse, stating, we are investing so much insecurity that it will impact our profitability. protecting our community is more important than maximizing our profits. the comp

here is the tesla semi, and, yes, that's what they call it, the tesla semi what are the numbers, thermance numbers, that elon musk is promising? 20% lower costs, a cap on the charging rate, and a guarantee for up to 1 million miles that this truck will not break down as if that wasn't enough news last night, there was this, and this is the eye candy that has tesla fans talking this morning. it is the new tesla roadster it goes zero to 60 in 1.9 seconds with a range of 620 miles. >> people have been asking us for a long time, when are you making a new roadster? we are making it now >> a lot of cheers last night. by the way, that roadster is scheduled to be built and delivered starting in 2020, but guys, as you know, as you look at shares of tesla, there are more pressing questions that wall street have right now no discussion about that last night, elon musk did not do a briefing with reporters as he usually does before these types of events, so still more questions than answers when it comes to the model 3, but at least last night elon musk and tesla fans had some things to talk abou

and tesla unveil that old electric truck of the future the company says it will help reduce c o two emissions on those the company's fortunes. i'm phil gail welcome to the program. germany such for the new government has got into extra time chance and i'm going to machall originally said she wanted an agreement by yesterday but math and talks on the night to fail to produce a breakthrough a conservative blocky seeking a coalition with a pro-business free democrats on the greens but now they're back to the negotiating table hoping to avoid a fresh election. another round of difficult talks at the c.d.u. party headquarters the negotiators are coming off a long night with no concrete results much is at stake for you to reach an agreement could mean new elections but chancellor merkel says she's determined not to let that happen. despite all the difficulties in these negotiations i am determined to form a government as mandated by germany's vote as they definitely won't be easy it'll definitely be hard but it's worth going into a second round of talks. that by in a while so that in this in. we al