but the tesla model s. is too big and too expensive for the city and the new smaller model three does not convince the couple either. is here so if no decision about a new car has been made i because the optimum that i envisage is not yet on the market. they prefer to wait because new tempting offers are emerging. but i see it says the price including batteries between sixteen and twenty thousand euros this is the sort of deal people will go for for the simple. whether new or established car brands the emo bile is becoming cheaper better and more versatile worldwide the times when tesla could just pull ahead of traditional car brands are over. it's home to and i'm we have a very exciting race and i'm curious how this neck and neck race will be judged in four or five years i'm confident that by then the germans will be quite far ahead from me for one otherwise i'm. in the end iran musk's tesla will soon be just one of many. in the. health africa in the primate capital of the world. you've got this kid on a f

tesla wants to go that route. tesla isn't held back because they don't have franchised dealers.n all their stores right now, but there are people that want to compare maybe a tesla model three to an audi or mercedes. the return period is potentially a smart move, but will it be enough to get hundreds of thousands and ultimately millions of people a year to buy vehicles? the german vehicles, they each cell 2 million, 3 million vehicles, roughly, depending which vehicles you're talking about. it just remains to be seen if they can do it, but making the experience easier in retail is a smart move. emily: it's hard to imagine anyone making a purchase as big as a car, a tesla, without test driving at first, but that said, musk speaking at this news conference saying introducing the car at this $35,000 price, he says it's excruciatingly difficult to make this car for $35,000 and will be financially sustainable. how much pressure will this price put on tesla's bottom line? david: well, at the same time, you'll have a lot of costs going out. the theory is eventually, you make it up in v

the head off a tesla also mentioned that at least for this quarter it is unlikely that tesla will be profitable and that probably was another reason for the sell off in the stock of tesla and talking about cars and that industry lift actually filed the prospectus for. initial public offerings so we will see the i.p.o. of lift of probably in a couple of weeks and could get evaluation of about two any five billion dollars worth pretty much as much as the car manufacturer chrysler even if a lift also mentioned here on friday that they won't be profitable anytime soon if at all at some point in the future. car to there on wall street thank you very much and as a way lies economic crisis is now a humanitarian disaster food and other basic goods are in short supply and millions are fleeing the country now a prominent opposition leader alleges that president nicolas maduro people are shifting venezuela's gold reserves out of the central bank vaults the united states is backing an attempt by opposition leader want to force majeure zero to step down and calling you elections it well it has wa

we start with electric car—maker tesla.nounced it will start selling its entry level model 3 forjust $35,000, finally delivering on a promise the firm made more than two years ago. analysts see the lower price point as being vital if tesla is to become a mainstream car manufacturer. but, in order to make it happen, tesla is being forced to make tough decisions about other parts of the business. that means shutting down almost all its stores around the world and moving to online—only sales, as dave lee reports from san francisco. the model 3 in march 2016, he promised it would make tesla mainstream car maker. it has taken time and have been hiccups along the way but finally the price is here. the $35,000 tesla which is considered affordable in the world of electric vehicles. in order for tesla to be able to afford to make it they have to make some big changes to their business. they said they will close most of their 200 or so they will close most of their 200 or so retail stores around the world and that means laying off ma

and i think if you talk to tesla owners, i'm not a tesla owner, but yesterday a tesla owner told me hefeels lucky that he's able to access this technology. i think it's hard for non-tesla to understand what this actually is one other thing that is important to point out and i want to make sure that we capture here, there's a story out there that tesla is announcing model y to generate preorders to basically fund some sort of cash problem we think they'll generate $350 million in preorder, but that is probably going to be offset by inevitably there will be other tesla potential buyers that will hold off if 5% of tesla owners simply hold off, then it's a net wash so this idea that tesla is doing this model y event in desperation to generate cash is likely not the case when you factor in this will have a negative effect on model 3 sales. >> you're saying they will hold off because they were intending to buy another vehicle then you're talking about the issue of cannibalization from its fleet. >> i think it's coming from just to be clear from a point of strength i think they feel good abou

plenty of interested buyers in the tesla showroom.irst thing most of them ip into the seats, but under tesla's plans to move into online only sales, they wouldn't be able to do that anymore. >> if you'reng trip, are all my grerreporter: ryan willis and vanessa smith are split on online only sales. >> it seems like a good deal. it cuts out the middleman. >> that's part of the experience of being encased in it, not just seeing it on a screen. >> reporter: in a blog post tesla said the $35,000 model 3 is now available, but the company said it had to cut costs to make it happen, "shifting all sales online combined with other ongoing cost efficiencies will enable us to lower all vehicle prices by around 6% allowing us to achieve the $35,000 model 3 price point." one tesla owner said he supports the company's plan. >> it's a good idea if that's what it takes to deliver the car for 35,000, which they promised. they're doing it so the cost ths more cars into people's garages, i think that's really cool. >> reporter: as for the all important t

there are people who love tesla and don't love tesla. why is there no common ground?ink it gets to some of what makes elon musk a really good marketer is that he is very good at creating that polarization and painting a picture of the future that is so fantastic that it excites people. in doing so, you kind of turned people off. it is hard to imagine elon musk stepping fully away, even fully away from twitter because he has been so effective at selling the car and selling his vision and without his twitter feed, what do you have? you don't have commercials, stores. the one thing is, people drive this car and they like it and you could imagine a word-of-mouth thing. it is hard to see how you are able to sustain the kind of growth they want to see without spending significantly or without a lot of crazy tweets. tweets outs take the of the equation. do you see a lot of crazy demand? >> yes, i think the demand for the car is there. it is a quality car. it is a good value. them. really like tesla has a tremendous first move advantage in the ev space. emily: craig, would yo

it's a customized 2014 tesla model s 85. it's the city's first fully electric-powered patrol vehicle. the police department will be used to help determine the economic and practicality of deploying a tesla for patrol. a team will monitoring the performance, durability, range and costs of the patrol vehicle. tonight... a second federal judge has ruled that the trump administration's decision to add a citizenship question to the 2020 census... is illegal. the san francisco judge said today that the government's move would violate a constitutional requirement that the census count everyone in the country. the judge says evidence showed the question would result in a significant undercount of non-citizens and latinos. a federal judge in new york had previously blocked the administration from adding the question to the population count. the u.s. supreme court has agreed to review that decision. (vicki) president trump's homeland security chief facing tough questions on capitol hill today. kirstjen nielsen was grilled about the bo

prices are sold at fixed just like tesla's..ithout the thing i think we might miss out is that if you drive the model three, it is impressive. you can't even get to know how impressive it is unless you drive it. an electric car drives differently than a traditional gas car because when you throttle back on the accelerator, it slows the car down. you don't have to use the break as much as you do in a traditional car. it is different and a lot of fun. us, you context for don't know how the car drives if you can't test drive it. >> that is important. they are closing most stores and they are talking about how the stores will convert to service centers and that is a big issue because it is hard to listen to elon musk talk about closing the stores to cut costs while at the same time putting emphasis on the idea that they will improve their service which has been showing signs of strain. to their credit, they have been delivering more cars. it is hard to get the infrastructure to handle repair work. have a lot more cars out there tha

california, some tesla news. to discuss, we have got venture partners in minneapolis and keith in detroit. >> going with a lower-priced model three gives elon the opportunity to meet the very ambitious targets. they are planning to produce 400,000 model threes, that is a lot. and you can't sell them all at over $50,000. having a lower price should bring in new customers, bring in value customers. the average price of a car in the united states is $37,000. this makes it a joe average kind of tesla for the first time. emily: hasn't tesla promised the price would eventually come down to $35,000? >> yeah, this is the original promise back from two years ago. in some sense, this is not news, but in other respects, it is the biggest news since the model three itself was announced. the simple math was that many felt that for this car to be produced profitably at $35,000 was impossible. that is what is so important. $35,000 does not sound that significant, but compare that to the rest of the car industry. the few that do

that is what they told tesla.after, the next day, tesla put out a statement about a threat the service department -- sheriff's department had deemed not to be credible. emily: in the meantime business insider is reporting elon musk took issue with an responded to one of the reporters, lopez, responding to one of her stories saying it sounds sketchy if true. if it possible you are serving as it inside trading story -- and exit employees said he was bright and was given valuable ip in exchange, is this true? this.sider has denied is there any evidence of some sort of broader conspiracy at work? >> the individual tasked with trying to find trip at this time was involved in investigations, he is going on the record in our story saying they never found evidence to suggest he took a bribe. trip never admitted to it. there is no credible evidence to substantiate accusations. emily: what is next now with what these folks have told the sec? could they take action? >> as we reported, trip did talk to the sec, last summer, t

but he said he has hope that tesla will be profitable by the second quarter tesla shares fell four point nine percent to around three hundred four dollars in pre-market trading on friday but reports noted that the stock is still up from where it was on tuesday before musk took to twitter to announce that he had some tesla new decision to close brick and mortar stores follows the announcement that tells lies cutting three thousand one hundred fifty jobs or about seven percent of its workforce this tesla store here in washington d.c. is one of around one hundred stores in twenty three states across the u.s. but tesla has notably run into problems with local and state governments in recent years and twenty seven states have banned the company from selling cars directly without operating franchise dealerships with online only test level no longer give customers the opportunity to test drive vehicles before purchasing them but it will our customers to return cars within seven days or one thousand miles for a full refund allowing them to buy a tesla drive several hundred miles for a weekend ro

now back to you yes and now these tesla updates don't seem to have impressed investors that much now have they. not at all this talk of tesla sold off quite a bit losing about eight percent in value here in the friday's session as far as i understand tesla is not just selling some we've killed some online but all of their week old so in the future it will probably not be possible to book the to purchase tesla view killed in test stores and we have to wait and see how that goes down with potential buyers and then on top of. the head off a test also mentioned that at least for this quarter it is unlikely that tesla will be profitable and that probably was another reason for the sell off and the stock of tesla and talking about cars and that industry lift actually filed the prospectus for. initial public offerings so we will see the i.p.o. of lifted probably in a couple of weeks and could get evaluation of about two any five billion dollars worth pretty much as much as the car manufacturer chrysler even if a lift also mentioned here on friday that they won't be profitable anytime soon i

tesla isc suggested doing this because it did not get a positive reaction on orders. this is on the same day that musk announced the $35,000 model three. could it be that the online orders did not measure up with expectations? >> that could have been a factor here, i am not sure to what -- what extent tesla is communicating, it sounds like they are being cagey with the analyst randy about what played into this but it stands to reason that reading the tea leaves you are seeing reports as we rode up last week from inside v's, fed does an estimate of how many cars tesla is selling and they see a slowdown in the model three and the model s sales as well in the first couple of months of this year. some of that will be seasonal with the first couple of months of the year is weak for the industry and tesla did say they would focus on deliveries to europe and china this quarter so it is not a total surprise. you have seen some of the analysts raise concerns about weaker sales and that may be playing into mosques guidance a couple of weeks ago that he does not expect to earn a

are people going to buy tesla just because it is a tesla? sandy: i believe they are.ave learned about that car and elon musk is this is not a car company, it is a cult. quite frankly, elon musk attracts people in a way that no one -- in fact, all you have to do is think which car executive would anyone on the street know except for him? certainly, he's got that going for him. quite frankly, he's got hidden plans, just like he did when he turned the seat heaters on on the back of the car or modify the braking when consumer reports gave him some static. he will pull some rabbits out of his sleeve. i don't think anybody is going to buy a $35,000 car because they will want autopilot and a few other things that brought extra charges. we know he can probably get down to that point, but he has left some new things inside the car like 8s and whatnot. if you want it, all you have to do is send him an email. he will turn it back on and you just pay the $6,000 and away you go. you has a totally different business plan. emily: what does that mean for demand and supply? max: we do

the latest on the most recent controversy surrounding the tesla ceo. our top story.ears,eeks, months, apple has finally revealed it is all in as a services company on monday. they unveiled a new magazine service, a video gaming platform, and with a parade of hollywood elites from jennifer aniston, steve carell, even oprah, a new premium video service to rival the likes of netflix and amazon. listen to ceo tim cook. tim: to bring together your favorite shows, movies, sports, and news, and make them available on all your devices. -- you can spend less time looking for something to watch and more time enjoying it. emily: apple has a brand-new credit card facilitated by goldman sachs to facilitate payment. the card is attached to apple pay, which they say has been adopted by 39% of mobile payment users. mark gurman.h's of tech -- of technalysis. what did we learn about the tv service besides seeing a lot of stars that we already knew were connected to it? >> we learned pretty much nothing to be honest. we knew which shows were coming every time a new show went into devel

our guest has an outperform rating on tesla and craig, who covers tesla for us. post doesn't say anything about the reason why. what do we know about the motivation here? little.e know very the company has said next to nothing about its rationale. we know it is a decision that caught employees and investors off guard. analysts were not expecting this whatsoever. with all due respect to call in, i think the comment -- two colin , it looks like amateur hour on the part of tesla. this was a decision that sort of blind-sided everybody and i think there's accommodation of factors that maybe led to the reconsidering. it's going to be difficult for the company to get out of leases where it has stores. there were all sorts of concerns from customers about not being able to see and touch and feel the cars, and after all the ways in which the industry is changing, that still matters to a lot of people. emily: that comment coming from ever core, which says it is amateur hour, tesla needs a stronger layer of middle management. are you happy with this decision? >> it is in di

welcome back tesla motor company has announced it will soon join the long list of companies that are trying to online sales and as a result will be closing most of its traditional brick and mortar stores in the near future archies rachel clemons steers us to the details tesla has announced that in order to cut. it will be closing doors in the next few months and moving to online only sells for its electric cars tesla c.e.o. ilan musk has granted this major shift in the company's business model has a path to both cut costs and a follow through on the promise to sell the company's model three for thirty five thousand dollars in a statement tesla said that shifting all cells on line combined with other ongoing cost efficiencies will enable them to lower all vehicle prices by about six percent on average musk admitted that the first quarter of twenty one thousand is not likely to be profitable but he said he has hope that tesla will be profitable by the second quarter tesla shares fell four point nine percent to around three hundred four dollars in pre-market trading on friday but report

now, tesla says it will start selling its model three for $35,000 in the united states. promise the company made more than two years ago. it was always hoped this model could be the first electric car for the masses, but to make the numbers work, tesla is shifting to an online only sales model and closing down retail stores in a bid to balance the books. i asked a north american technology reporter dave lee whether this will be enough to make the car affordable. yes, i think that's right, on the good news side they managed to get that $35,000 sweet spot for the electric car, which i still don't think seems particularly cheaper most of us, but many a nalysts cheaper most of us, but many analysts think that might be a good pricing point to bring on a whole new sector of society, frankly, they can now afford a higher end luxury electric car, a tesla at that price. it has taken a bit of time, two yea rs, it has taken a bit of time, two years, as you say, just to get to that point. in order to do it, in order to make the company afford to be able to do that, becomes comes at

tesla has signed an agreement with lenders in china for a i2—month facility of up to $521 million forry in shanghai. let's go to our asia business hub, where shara njit leyl is following the story. this is quite a big development, is it not? yes, it is a big development, and it is also interesting when you bear in mind that the loans are all from the big chinese banks. the likes of china construction bank, agriculture bank of china, and a number of others. the loan matures in march 2020, and it comes after years of negotiations with chinese authorities to become really the first foreign automaker to fully owned manufacturing facility the company. tesla broke ground on the outskirts of shanghai with this gigafactory injanuary, and shanghai city government officials said that the factory is expected to actually be completed in may. tesla has said that the gigafactory will cost about $2 billion to build, and elon musk has said the company plans to start battery and model three production at the factory by the end of the year. this is crucial because producing cars in china is likely to h

she gets a tesla right after that and says, there's nothing like a tesla. nothing.ne of these cars says the same thing. when you're selling 400,000 cars a year, which is what they'll sell this year from 250, they're going to sell -- i think they'll sell a million cars, a million one in two or three years and they're going to sell -- elon musk was talking about selling a million cars. they will sell as much as batteries as they do cars. the idea of400,000 cars saturating demand is a crazy idea. there's 90 million cars that are sold, 400,000 cars. last year they sold more than half of the luxury sedans in the united states, over 50% shares against bmw, against audi and mercedes. in europe, they're just selling them right now, they're selling -- they're the leader seller in germany of all places. automobiles is their industry. when you get people in germany who are very careful about quality, that's their life blood, that's what they live on, they live on these cars and if all of a sudden they're buying tesla cars, norway, the leading car in norway, china, they do -- a

i think it's too early to say whether or not nio will be the tesla killer or if tesla will end up being dominant player in in or if there will be another emergent company. >> reporter: it is a new industry and riggs said there are likely to be ups and downs for electric carmakers for years to come. >>> we are just getting in new pictures of a mountain lion captured today in saratoga. it's a 60-pound female. she was spotted wandering in a neighborhood along parker ranch road. she was sedated, tagged and released into the nearby open space. >>> speaking of animal encounters, you don't need a boat to go whale watching on the bay right now. viewer michael pierson sent us these photos of three gray whales cruising around the shallow waters. he says two of the whales showed up a few days ago. a third has been around at least three weeks, but there is some concern about their safety tonight because of how close they are to the busy shipping lanes and ferry routes. they are beautiful if you get to see one in person, majestic. >> they are gorgeous and they are right here, which is kind of cool.

a change of plans at tesla.lectric car maker now says it's reevaluating its decision to close many stores and move to online-only sales. instead, tesla will keep stores open and raise prices on most models starting next monday. >>> number 5, you've been asking for it. it's here. look at the lack of clouds, a lot of sunshine. 30s this morning. 60s this afternoon. >>> number 6, we had a crash cleared up a few minutes ago in san jose. northbound 280. right around 17/880 split. off o definily seeing residual delays. about 14 miles an hour in the backup. >>> number 7, it is the day after daylight saving time. that means it is officially national napping day. short ten to 20-minute naps can be effective when midday fatigue hits. or in our case -- >> right now. >> this is midday. definitely ready for a 20-minute nap or an hour or five hours. >>> i can nap any time. >>> alexis knows 20 minutes turns into four hours quick. >> slippery slope. >>> look at that beautiful sunrise. comes up later but it's pretty when it happe

and the reason being is that tesla, now that their manufacturing woes are put behind them, tesla is onef the leading manufacturers of autonomous vehicles and tesla in the event last night, elon musk stated that they are going to be fully ready this year with complete end-to-end full self-driving. neil: do you believe that, though? i don't mean to besmirch the guy, but he said a lot of things and they haven't come to pass. reason why i mention it is that i was talking to a friend of mine who wanted to buy a tesla vehicle and he was actually asking me, i should have said i talked to john meyer, he was saying neil, do you think tesla will be around, i want to buy one of their cars but will they be around. i bet he's not alone. what do you think? >> you bring up a valid point. elon musk has had a pretty hit-or-miss track record with hitting timelines. that's why it's important for folks like you and i to take a look at the realities of where the hardware and software is today. so if you have a friend or you know someone who has a tesla, asking for a ride and the reality is if you are going

announced tesla is moving all sales to online orders only.y are going the amazon way. no more storefronts although amazon is now going back to storefronts. it almost appears that the electric car maker will do the same thing. it tapped its brakes between the announcement two weeks ago and now. while they are still moving toward online only sales, they are not shuttering all their stores quite as quickly. we thought how are online sales doing? we reached out to tesla, we called them to find out how the sales have been racking up but the company has not yet responded to our requests. they are usually pretty secretive. nevertheless, online sales poised to be a very disruptive force in the auto industry. our next guest is smack in the middle of all of this. he's got a string of major dealerships that sell some of the biggest car brands, bmw, chevy, cadillac, infiniti and lincoln. he joins us now. steve, thank you so much for being here. i just want to get right off the bat to you, i'm sure you have an online model as well, but all online, when yo

killer, and we'll talk about tesla. i think tesla is killing themselves but how about candy, one of these chinese names everybody thought would take over the ev market and that was a disaster of a call. >> do you want to do tesla now >> yeah, let's do it tesla is hitting another speed bump after barclay's put out a bearish note ultimately the question is what's going on with tesla should i keep going? >> why is tarzan on the show >> it's the call of the day. tarzan is yelling the call, i guess, i don't know. we have a lot of things that don't make sense. >> okay. whatever you say tesla. barclay's cut the price target today. call of the day, by the way. >> sometimes they don't run the sound. >> what are we, like laurel and hardy? what's going on. >> you probably wanted to ask me does this imply that there's new news out on tesla that should have the street either cutting their prices and ultimately with all the bad news in tesla over the last three weeks, i'm kind of surprised it's taken a lot of the guys on the street t

as usual on tesla gabe, the stock was down 3.2%.ou think the news is that investors are processing? >> well, i believe investors are looking at what the first quarter might hold for tesla when they report their sales in early april. their deliveries specifically, my channel checks indicate that first quarter will be a total disaster. inside evs estimates model 3 sales are down over two thirds in just the u.s. consensus for the first quarter is about 58,000 model 3s and 300,000 for the year one thing i would ask any tesla bull is how much of a miss would it take for youto change your view >> gene? >> i love to answer that i think a miss of 20%, 30%, it would take a huge miss and the reason is this to actually believe in the tesla story you look beyond the noise quarter to quarter that may seem like a convenient escape route for someone bullish and the company struggles near term but that's the way to look at this. a couple very simple data points last year in the u.s. 2% of cars were sold were electric. tesla had 80% of the market sh

it is one of tesla's security guys, and the tesla security guy seems really worried.ys, we have just had a threat called in. we heard that this guy, martin trip, this whistleblower is coming to shoot us up. so the sheriff goes to investigate, and he finds that the threat is bogus. after the threat, the tip is discredited, after the sheriff says it is not true, tesla calls reporters and says "hey, guys, did you hear there was a shooting threat at our factory? it was that whistleblower guy. he sure seems crazy." like -- just in the corporate world, this is so bizarre that you would publicize a shooting threat that no one would have known about if you hadn't. i mean, even on the day of the threat, while the sheriff was trying to find the whistleblower, elon musk was emailing reporters himself and saying, "we just had this threat. it is this whistleblower." jason: amazing. so you have these, as you pointed out, you essentially have whistleblowers effectively on both sides of this issue in a lot of ways. where does it go from here? zeke: yeah, so this brings us to sean gut

jason: and why the sec forced tesla to a point in a "twitter-sitter." >> the giga factory is tesla'sattery factory. it is in an industrial park in reno. it is in the middle of nowhere and is one of the biggest buildings in the world. we spoke to some whistleblowers who worked there and had crazy stories about what went on. carol: such as? >> so it all started last june 4. the story appeared in "business insider" and said there are huge amounts of waste, that there are highd parts piled up around the factory, and that tesla was perhaps using damaged batteries in its cars. from reading the story, it was clear there was some sort of whistleblower who had gone to "business insider." the story was, there are so many crazy things going on with tesla, people moved on right away. didn't make a huge splash. carol: another day, another crazy story on tesla. >> right, but what we found out was that elon musk was not ready to move on. he was really angry that anybody would leak and hired a team of special operatives to track down this leaker. jason: so i want to talk about the operatives. as i w

plus, tesla is blind-sided. employeescaught many with his announced that the carmaker would shut down most of its stores and move sales online. shares of tesla fall to their lowest since october. google denies a new report it is continuing to work on launching a censored search engine in china. we will discuss the status of project dragonfly. to this top -- to the top story, closing apears to be controversial program that logs phone calls from millions of americans. that's what kevin mccarthy -- kevin mccartney told reporters. ofy collected the records 500 40 million homes in 2017 and 151 million the year before that. in those years, court orders were used to target terrorism .uspects the aide said the trump administrationthe aide said thep administration hasn't used the program in over six months and that authority may not seek to renew it. was in the fbi cyber division. what does this mean? >> these programs are becoming obsolete. the repercussions of the snowden incident from 2013, when edward snowden reveale

>> it is important to note that alex lives in pasadena, owns a tesla, and has a very pro-tesla for ahile. this decision to close the stores was a complete 180 from what tesla was trying to do if you look at their regulatory filings. emily: last quarter, they opened multiple stores, including more than they had in any quarter in a year-and-a-half. they also touted their retail strategies. it does not seem like something tesla was considering for a while. it certainly does seem like it was an abrupt decision. >> that is what caught investors off guard. there is an argument to be made that americans are shifting most of their purchases to online. there are a lot of dealerships and startups trying to help dealers with the online sales process. so it is not unreasonable that tesla would want to experiment with online sales, but to announce they are completely shuttering most of the stores. that really caught people by surprise, including the staff. emily: i do want to talk about tesla's employment worldwide. almost 50,000 people. looking at this chart on the bloomberg, headcount has been

he owns a tesla. he has been pro-tesla for a while.s decision to close the stores was a 180 from what tesla has said they were planning to do if you look at their regulatory filings. openedlast quarter they multiple stores including more stores than they had in any quarter in a year and a half. retailso touted their strategy. it doesn't seem like something tesla was considering for a while. it seems like it was in an -- an abrupt decision. >> exactly. it cut investors off guard. there was an argument to be made that americans and people around the world are shifting their -- andes to online, but there are a lot of dealerships and startups trying to help dealers with the online sales process. it is not unreasonable that tesla would want to experiment with online sales, but to announce they are completely shuttering most of their stores and switching to online only, that really caught people by surprise. including the staff. emily: i want to talk about tesla's employment worldwide, almost 50,000 people employed. the headcount has been in

we have no issues with tesla.f we can believe the vehicle was safe we would not be deploying in this pilot program. >> the tesla patrol car will hit the streets next week. the department will test it for the next six months to a year to see if it is actually a good fit. t ill nebe put. >> a major lab fight could stretch the limits of any space city. showdown over a plan to add thousands of new homes and people fighting to keep a buffer of open space between not just a way to commute, a safe haven why people are fighting so hard to save a unique bus line in the south bay. >>> for the last week we have been watching this river plowed to the pacific. tonight we are going to show you a little bit of the mass left behind. . >>> we follow breaking news at 5:00 30:00. a disturbing discovery in the south bay. police are investigating after the bodies of a mother and her two young sons discovered inside their apartment. the father discovered their bodies this afternoon. at this time police confirmed the woman committed sui

tesla, theturn to shares are lower today on cash concerns.ter elon musk unveiled the new is a vehicle for the company, a crossover known as the model y. david welsh is here. the whole event seems underwhelming for a car launch, therefore you have to question whether it was a car launch. have hadwe it -- have we had a car launch or a meeting exercise? -- media exercise? >> i think from the onset we are talking about a car launch, but go to the website they wanted $2500 deposit for a model y. when they did the model 3, they only wanted $1000, and for a model y you are looking at least at a year away, some think it will be 2020 by the time it comes off the line. that is a lot of money and it has renewed concerns that tesla needs cash. take a look at the numbers. $3.7 billion at the end of the year, they just paid off $9 billion in debt, and they have to pay more in november. a lot of cash. and the model y, albeit it is very similar to the model 3, you still need new tooling, and he has a lot of other ambitions, including a semi truck, building o

tesla shares going down again. elan musk saying the company probably will not post the profit for the first quarter hbo's long-time ceo is stemg down amid the at&t restructuring and going unplugged. why you might want to get in all your screen time while you can today. we'll explain on this friday, march 1st, as world wooitd exchange begins right now. >>> i am brian sullivan. happy friday thanks for joining us. by the way, welcome to march, and guess what, the ides o march, not with the futures. they're up triple digits 155 points on the dow. the retail giants is spinning off old navy while keeping its other brands like the gap and banana republic in a yet to be named company. gap ceo art peck explaining the move on a conference call last night. >> i feel strongly that this combination of brands will be powerful by bringing them together we can better leverage capabilities and investments across the brands, share best practices, and drive efficiencies to create value for all stake holders. new co will have $9 billi

tesla makes cars overseas, east coast.ct do you believe this blog's estimate of the sales are? dan: we continue to believe that so far it's tracking and they spoke to investors, it's tracking slightly below expectations, but nonetheless, most investors are looking at 1q is really the trough quarter as a tradition -- transition into europe and china. production obviously has been steady. having demand will ramp up in march. europe is the key to 1q. so far, it's been pretty smooth, especially the last few weeks. obviously the stoxx had a lot of gut punches we've seen the last few weeks. emily: meantime, tesla is updating their charger networks. the goal to have wait times, to cut wait times in half. you have easy rollouts with their own infrastructures. what impacts will doubling down on the supercharger network have? dan: that's really, if you have the barriers to entry, it has been the supercharged network. that is something they do need to double down on, especially with competition increasing, not just in the u.s. but in

still ahead, the sec is calling on the federal court to hold tesla ceo elon musk in contempt.ion could impact musk's claim over the electric carmaker next. this is bloomberg. ♪ ♪ emily: the elon musk-fcc battle -- sec battle continues. a new judge was asked whether the tesla ceo violated his agreement without holding a hearing. the sec is holding elon musk be held in condemned -- in contempt after a production forecast they claimed -- as required by the settlement. elon musk defended his twitter use, saying the sec relies on radical interpretation of the order. joining us to discuss, max chafkin. the story continues to develop very what is the latest as of today? max: the latest is the sec has responded to elon musk saying the judge should offer a hearing on this and decide whether or not this tweet from february that elon musk put out without the assistance of his twitter sitter -- this is the person who is in theory responsible for vetting tweets from the ceo of tesla to make sure they don't contain any material information, whether that tweet was ok. musk said it was ok bas

liz: they like tesla. they came in and they say that people have consistently second-guessed incorrectly that elon musk will go down and they believe the stock will go to $300. they did not give a time element. >> listen, i hope the best for elon musk. i will say this. i don't like the fact that a ceo knows he's got a security clearance, should know he's not supposed to be smoking pot because it's against the rules of getting your security clearance, and does it anyway. one other thing, people forget this, he had to resubmit his application for a security clearance. the reason why he had to resubmit it is because -- liz: talking about nasa. >> yeah. yeah. he had to resubmit it, because he had to tell the government, the department of defense, that he smoked pot and it has to be on that form. one other thing. reuters looks so bad right now. they tried to attack my first story, where i said he was under review and in query for smoking pot and could potentially lose his security clearance. they maligned my st