speaking of volatility, i have to ask about tesla. you are an outspoken tesla bull.ch has not exactly been the easiest thing to be lately. sentiment on the stock has gotten a lot more negative, a 2-1 ratio of negative tweets to positive tweets. one of our frequent guests has gotten attacked for being bullish on tesla. what is your take on the vitriol out there in social media? why do you think people get worked about how buying the stock and being bullish about it? it is not like you are talking it up and not owning it. you are putting your money where your mouth is. ross: you know, tesla has struck a nerve in the investment community that i have not seen in my whole career, where a company has disrupted or potentially is disrupting so many major industries that many of these industries are not going down lightly. they are using some of the same playbooks that donald trump used to win the election by manipulating the internet, the media, and doing whatever they can to help their short positions. currently, there is over $10 billion short tesla. investment firms like

speaking of volatility, i have to ask about tesla. you are an outspoken tesla bull. has not exactly been the easiest thing to be lately. sentiment on the stock has gotten a lot more negative, a 2-1 ratio of negative tweets to positive tweets. one of our frequent guests has gotten attacked for being bullish on tesla. what is your take on the vitriol out there in social media? why do you think people get worked about how buying the stock and being bullish about it? it is not like you are talking it up and not owning it. you are putting your money where your mouth is. ross: you know, tesla has struck a nerve in the investment community that i have not seen in my whole career, where a company has disrupted or potentially is disrupting so many major industries that many of these industries are not going down lightly. they are using some of the same playbooks that donald trump used to win the election by manipulating the internet, the media, and doing whatever they can to help their short positions. currently, there is over $10 billion short tesla. investment firms like mo

your traders on the desk are karen finerman and tesla is heating up and we're moments away from the company's shareholder meeting and we'll tell you what elon musk says is driving the stock and stocks are within striking distance of all-time highs one top technician says do not start this rally stocks sitting out this rally and nearly 50% of the s&p 500 is in a correction or worse, down 10% or more from their highs and check out some of the biggest names on the list. intel, ups, exxon, sales force all falling from their 52-week high do you buy any of these names for a catch-up trade or are they a no touch pete, where do you start with the list >> i see a couple of names i already own and i will start adding to because i think they've been pushed down enough from the 52-week highs and i think there's room to the upside i would start with finish with intel and add ips. the execution is there and the fundamentals are there and for me they've also got growth when you put that all together, mel, when they pull back, that's an opportunity and those are names i would be adding to >> what do you thin

rhea medina has more on the crash and tesla's response tonight. >> tonight, katrina goodman says she is frustrated and traumatized, she claims she has repeatedly reached out to tesla for a response about her accident but after nearly a week without a word, she decided to speak out, about her experience. >> it seems like it was not in my control. >> reporter: in a matter of seconds, >> it would have cost her life. >> she says her brand-new tesla model three launched forward with so much speed it broke through her garage door. >> you can see the tires, >> slammed into her husband's jaguar parked inside and into the wall. >> my mom was cooking here. >> reporter: causing even more damage in the kitchen. >> the tires came out point >> something like a bomb exploded. >> reporter: she says all she could think of was her two little boys. they normally play inside the garage. >> it's like a nightmare to think about that. >> reporter: the tesla uncontrollably shot forward at a high rate of speed. tonight, the tesla spokesperson told kpix in a statement, quote we investigate the vehicle diagnos

tesla buy here. >> okay. >> chemical space buy it i'm in it.s been beaten up. >> danny >> just buy into g-20. i like buying those after money supplies >> join us, scott. thank you. ou thank y. >> thank you. >> thank you. >> thank you "mad money" begins right now >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramerers welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain, but to educate and teach so call me at 1-800-or tweet at jim

tesla.ot surprisingly -- >> me being an unapologetic tesla fan boy. >> this is the top level performance model tesla 3. want it? >> sure. >> you can have it. >> serious, giving away this tesla. >> he's doing this to raise money for give power. >> give power is a nonprofit that uses renewable energy expertise to provide things like clean water and food security and light to communities around the world. >> i'm not being -- not kicking a gift horse in the mouth, is there other stuff involved? do you get to meet casey, have interaction if you're a fan? >> wait. there's more. >> okay, good. >> you don't only get the car if you win. it is a $10 donation at minimum. want to donate more, you can. for $10, you get entered in to win this tesla, but -- >> also going to cover the cost of the taxes on the car. >> nice. because that's always the catch. when you win something, specifically a car. >> that's right. you're playing for money as well, you got to pay the taxes on the stuff you win. >> ain't not

would tesla have gone up that's a high beta stock and tesla bounced because the market bounced and the reference point not withstanding and the reference point was there and at this point do you take some profit sure >> tesla is anybody's guess and one could say they have a viable product, of course, they do and i see them on the roads and i've been in one myself and you can't talk about valuation and anything other than it's a dream, and not the cars, they're real, but what will ultimately become of this company is too unknown and no one can speak on that with authority and there are bears and bulls and that's what makes it. >> >> this is a short-term call for you and is there a chance that we'll bounce off of 180 again and can we re-do this raid >> if you go back to the low that is want a positive development. you want to continue the momentum even as we revisit the low and the presumption is that you would break that low. >> first of all, great call, carter it was basically jumping in there where sentiment was as low as it's ever been and that was part of the reason he went that way

coming up, tesla in turmoil. shares have been spiraling downward and one top analyst cut his price target for the third time this year he will be here to explain why plus beer stocks are, of course, bubbling up this month there's one surprising name leading the way. we have those details, and we're live from times square in new york city. erisucmothe mh re "fast money" right after this which brought people together to invest in all the things that move us forward. every day, invesco combines ideas with technology, data with inspiration, investors with solutions. because the possibilities of life and investing are greater when we come together. ♪ is this ride safe? i assembled it myself last night. i think i did an ok job. just ok? what if something bad happens? we just move to the next town. just ok is not ok. especially when it comes to your network. at&t is america's best wireless network according to america's biggest test. plus buy one of our most popular smartphones and get one free. more for your thing. tha

let us get to tesla, he took to the stage in california. tesla shareholder meeting.sing the crowd of stockholders and tesla, there is no demand problem specifically saying his less expensive model three outpaced its competitors in both numbers and dollar amount. he took audience questions on the business press, at least according to the audience is so negative about the vehicle giant. a question about what new world is for tesla. >> have an exciting question. >> quad or something? >> quad core, boat or something. >> on the water physically. >> on or under or both the water. [laughter] >> that's funny you should mention that. [laughter] we do have in mind for a submarine car. [laughter] like the one from the -- where it turned into a sub. i thought that was the coolest thing, we actually have that. >> this by, that was among my favorites. musk said tesla has a decent shot at achieving a record quarter, that's a shareholder yesterday an early this morning but the chart, 3% although we had been up to.4%. you can see the big fall. "wall street journal", the optimism did

the spotlight is always on tesla. especially when it has its annual shareholders meeting.ace this afternoon. there will be a couple key points for shareholders and the market. one, whether or not elon musk backs up his delivery forecast for the second quarter recently the leaked emails from us to employees had implied that tesla was on pace to break his prior record for deliveries in the quarter which was in the fourth quarter of last year. the other will be whether or not musk is reaffirming tesla's swing back into profitability in the second half of this year. demand and profitability have been to be concerns for wall street although tesla stock over the pasts llied big-time after falling to a three-year low. it's up about 20% since last tuesday. up another 2% in the early going today. inflation remained very sluggish. the government reports that wholesale side prices road old rosalie a 10% -- from a year earlier. that was significantly weaker than the annual gain from april. stock market off to a good start. six session winning streak going and the dow is up by over 140

>>harcourt is suing tesla her attorney alison gokal the way the tesla works is you simply just have to touch the break and tap a lever down just like he would to tap down and engage your windshield wipers. >>her attorney says roughly 10 days later, she delivered her baby prematurely. >>she had to deliver a channel naturally through the broken pelvis. >>harcourt is recovering anderson is in therapy. she says she wants parents to be aware that certain features marketed for convenience may be more dangerous than they know. >>that was kimberly chang reporting in a letter to the lawyer handling the case tesla wrote that the suv quote responded to the operators inputs as designed. the letter wemt on to state that the company doesn't believe the incident was quote reasonably foreseeable. >>your help tonight the cdc has really sarah latest measles report send the result 971 confirmed cases in the united states so far this year that means 2019 officially has the highest number of measles cases reported in nearly 3 decades. half the states in the country have reported at least one case so far th

tesla is the brand with the highest exposure with imports to the u.s.l of the cars sold in china are coming from the u.s. plants. so if these tensions continue, this is not going to be a good thing. that's because the mega manufacturing deal is not working. instead of that, it might become an exporter for the future expansion of the brand. >> what about component parts because, of course, one of the potential flash points between the u.s. and china is that of rare erkt minerals we heard china talk about the restrictions an that's important to the e.d. sector do you think tesla could struggle to source the necessary components if that kind of restriction is put in place? >> yes, yes. it's going to be more difficult to find the confidence everything i mean as hong as they don't have it, they will be always dependent on what happens between china a nd the u.s. >> i want to take it back to the actual financial situation of the company. tesla lost $700 million in the first quarter of the year an it's seeing a drop in vehicle deliveries there are many concern

the woman claims tesla has been uncooperative. we reached out to tesla for comment and so far, no word back. >>> the roof is in danger of collapsing on a historic building in san jose. we see the trouble at the dear don train station. >> this transition in san jose is on the national registry of important historic places. but if it is so important, why is it so hard to keep the roof fixed. built in 1933, is a classic example of italian renaissance revival architecture. as a working train station, it is home to nearly half of a dozen train and bus systems serving the south bay. it is named after a famous transportation expert who was still alive. >> what happened to? >> it has been leaking for six or seven years. >> inside, the water damages plaintiff see. peeling paint, water stains across plaster,. and caltrans says building maintenance is not the main priority. >> the safety of the railroad is the top priority. we have a responsibility to protect historic buildings. we are looking for solutions to get repairs done. >> translated

they are actually more oversold than tesla is but to me, that is kind of the point. i think that the fundamentals right now are a case are demand is truly being questioned, some of the biggest analysts on the street like adam jonas have basically referred to this as a restructuring story which means there's a lot of restructuring to go. >> it's just like any other stock. there are a lot of people who like it long i think we've all liked it short but this is the point where i think you want to take the road less traveled. >> if you get that bounce because it's just, to your point, it might be an oversold bounce so where does it find massive resistance, where is the breakdown. >> this is a fast money show, option action, it's all about finding trades and making money if we can. the point here is to try to catch something that is oversold for, what, could it be 6%, 4%, 12% but you want to be quick as you're paid to take the risk to gamble on a speculative stock in an oversold condition >> when you said this is a company with no fundamentals >> what are the fundamentals

me change my perspective on tesla does the thought process about whether or not tesla can achieve q2ion and delivery targets, does that change because of these emails? this is about the fourth or the fifth we've seen in the last month, month and a half. and, really, it doesn't change because the language of the email is pretty similar to what we've seen in previous emails. it's very much we're close let's work hard. if we put our minds to it, we can achieve our goals. pretty standard stuff there. so it's different than when we'd see elon musk's tweets in the past because i think they were much more definitive in terms of stating either goals or targets than these emails. and that's why at the end of the day, you look at the stock it's up two bucks. not really doing anything. and the reaction when these emails have come out, it's less and less of a move for the stock whenever the emails are finally leaked out >> phil, there's been so much focus on demand and just how strong that's been for model 3 if the implication here in these emails is that if they don't meet their delivery target

the tesla model 3. steven taylor bought his tesla model 3 eight months ago. >> we love it. yeah. it's great. >> reporter: and he says he will never go back to a gas powered car again. >> want to move to helping the world get to transition to electric vehicles. >> as a human, we have to save the environment. >> will you get rid of your gas car eventually, do you think? >> definitely. >> reporter: both tesla owners believe electric cars are the wave of the future, and eventually gas powered cars will be few and far between. and could they be right? according to the san francisco chronicle, electric car sales have surged in the bay area. last year accounting for 13% of new passenger vehicle registrations, up from 7% the year before. and the tesla model 3, the company's least expensive model, is partly the cause of the electric car upswing. >> i haven't met an owner who doesn't love their car. >> reporter: according to the council on clean transportation, it ranked highest in the u.s.hil be driving electric cars at some point? >> definitely. there's definitely enough resources to mak

tesla, a bit of optimism that head of the shareholders meeting.'s take a look at the snapshot and take a look at the futures that are pretty flat moving forward. stocks slightly higher. this is a day that was not quite as rock 'n' roll as many investors have been used to. shery: also for oil, not a lot as we have seen in the past. what happened? su: a lot of investors getting ready for the regular supply data. some concern we are starting to see a buildup. let's take a look at the five-day chart and you will notice the five days but we ended close so that $53 mark. at the big picture, we are down almost 18% since the april peak. a lot of concern about the china trade, the demand story, slowing growth. morgan stanley and citi warning of a slowdown in trading and bank fees on top of everything else. shery: thank you so much for the snapshot of the markets. joining us now for market analysis is bruderman asset management chief market try to just oliver pursche. great having you with us. you wrote in your notes what a difference a month can make. so o

the tesla that uncontrollably shot forward. >> i'm glad my kids were not there. a nightmare to think about that. i could not sleep for three days. >> a tesla spokesperson told kpix 5 the statement, we investigate the vehicle diagnostic logs when a driver claims that the car suddenly and unexpectedly accelerated. and in every case the vehicles diagnostic logs confirmed the vehicle operated as designed. but she insists that that is not what happened to her. she says she doesn't feel safe in a tesla anymore until the company proves whether it was her fault. >>> new details in san jose this morning. were an elderly man lost his life after a driver speeding away from police rushed into his minivan. the chase began on southbound 280 and then continued onto highway 101. the deadly charisma and happened at the offramp in san jose. authorities say the suspect has admitted to being under the influence of math. the chp said he blew through a red light in this bmw and t- bones on the minivan at more than 100 miles per hour. then the driver ran from the scene. officers nabbed

a driver appears to be asleep while his tesla is on autopilot on a very busy highway. >>> also, americaer pressure if you're stressed, simple steps that may be the best prescription >>> next tonight, the shocking video that appears to show a man asleep in his self-driving car for at least 30 miles as the tesla continued down a busy los angeles highway. miguel almaguer on the questions it raises. >> reporter: on one of the nation's busiest freeways, commuters spotted this driver, who they say was asleep behind the whee a semi-autonomous car. >> i just couldn't believe that i was actually seeing it. >> reporter: shawn miladinovich says for 30 miles, the tesla driver had his head slumped over as the self-driving car plowed down the 405 in los angeles. >> i realized he was just fully sleeping, eyes were shut, hands nowhere near the steering wheel. >> reporter: miladinovich called 9 11 and believed a driver tied a device around the steering wheel to bypass the safeguards and keep autopilot engaged. the incident, latest captured by commuters as more video surfaced of drivers who may be asleep

just ahead a driver appears to be asleep on a street his tesla is driving on a highway. >>> american pressure, if you're stressed simple step that may be the best prescription. less major bleeding than the standard treatment. eliquis is fda-approved and has both. don't stop eliis unless your doctor tells you to. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. if you had a spinal injection while on ellquis our doctor right away if you have tingling, numbness, or muscle weakness. while tang eliquis, you may bruise more easily... and it may take longer than usual for bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines.ou tell yr doctor about all planned medical or deal procedures. what's around the corner could be surpris g. medical or deal procedures. ask your doctor about eliquis. but prevagen hel your brain with an ingredient originally discovered... in jellyfish. in clinical tri

tesla down 35% since the beginning of the year.oming up, the ontario finance minister will weigh in on canada's budget, this as recession fears loom. this is bloomberg. ♪ the latest innovation from xfinity isn't just a store. it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. it's a now there's one store that connects your life like never before store. the xfinity store is here. and it's simple, easy, awesome. mark: i'm mark crumpton with bloomberg first word news. received trump says he what he describes as a beautiful and warm letter from kim jong-un, but that he is not yet ready to meet with the north korean leader for a third time. the president said talks between the u.s. and north korean nuclear negotiators need to advance before another meeting. talks between the two nations ground to a halt after a february summit in vietnam concluded without a deal or any substantial progress toward kim's regime of its nuclear weap

this is bloomberg. ♪ -- can they be the tesla of china -- beat the tesla of china?loomberg. ♪ emily: this is "bloomberg technology." let's return quickly to our top story -- broadcom cutting its full-year forecast. the ceo said huawei business was .orth $9 billion last year >> with respect to semiconductors, it is clear that conflict,hina trade including the huawei export ban is creating economic and political uncertainty and reducing visibility for global oem customers. demand follett hillary has increased and our customers are actively increasing -- demand volatility has increased and our customers are actively decreasing inventory levels. already oneadcom is of the world's most valuable companies, and now it is planning to raise a lot more money in the form of a confidentially filed new share sale on the hong kong stock exchange, and if it happens, it would be one of hong kong's largest ever share sales. what do we know about this offering? >> as you mentioned, alibaba has confidentially for a share sale that could raise as much as $20 billion. this would be the

tesla making a major push to meet delivery targets.c on deck the high-stakes meeting kicks off in vienna, austria we'll have a preview when it comes to feelings, it's more like five million. there's everything from happy to extremely happy. there's also angry. i'm really angry, clive! actually, really angry. thank you. and seat 36b angry. you're clive owen. and you're barefoot. yeah... there's also apprehension. ...regret... ...relief. oh and there's empathy... ah, i got this in zurich! actually, what's the opposite of empathy? but what if your business could understand what your customers are feeling... and then do something about it. you can turn disappointment into gratitude. clive, you got to try this. i can't i'm working. turn problems into opportunities. thanks drone. change the future of your business change the whole experience. alright who wants to go again? i do! i do! i have a really good feeling about this. has been excellent. they really appreciate the military family and it really shows. with all that usaa offers why go w

a record year for tesla on multiple fronts.d 4% after the bell and now the stock is down about 2% and trading around 213 we had to bring phil lebeau in to squeeze all the tesla news. why aren't the shares hanging on to their gains >> a nice move in the last eight days up 22%, 23%. not surprising that it gave back a little bit but the three headlines that came out of the annual meeting yesterday from elon musk let's start with what he said. strong demand. been this question since the beginning of may about whether or not slower demand is hurting sales. no, look, we think we might possibly have record deliveries and record production in the second quarter and with regard to china where they're building a giga factory he's optimistic that they're making progress and up to speed by the end of the year and finally the question of, as they advance production, will they be able to make batteries fast enough? he said we may have to get into the mining business so we have all the raw materials needed to supply the batteries that we thin

right now tesla partners with panasonic for its cells, so it could be good news for people buying a tesla. it could soon sell the vehicles cheaper if it's making its own batteries. >>> new details of ceo zuckerberg is speaking out about the fake video of nancy p in re was too slow in flagging the video. it took the social media giant more than it. on plotsest does not drink. >>> well, that weather looking great this weekend. if you are planning to go out in the water, i want you to be extra careful. check out this video. that's a paddleboarders being rescued from the bodega bay jetty on tuesday. the paddlebearder needed help, but we're finding out they'll be just fine. >>> how's the weather going to be, kari? >> it's to be really windy. you should always check the weather conditions before going out on the water. that look like it would hold into the weekend as the onshore weekw a look at the fog over the golden gate bridge. it is amazing toss high from above heading toward lunch hour. our temperatures are in the 60s and 70s as you go ahead ready to head out. in the next hour in your lunc

the tesla also hit a pickup truck 2 other people were also taken to the hospital. >>the tesla into the going back and forth between the. it's a and a white pickup truck. continued going in and coming to rest some 100 feet away. >>well that tesla driver stayed at the scene no word yet if he'll face any charges in the crash. san francisco police are looking into what caused the driver of a car to smash right into a building on mission street. so the driver it in the hospital now with life threatening injuries this happened just before 2 saturday afternoon near the intersection of 17 the mission street. police say that car also hit 2 other vehicles before kerr washing right into the building. another driver sustained minor injuries, no one inside of that building was hurt. democratic presidential hopefuls came to california this past weekend to pitch their case to voters young law has the details. this weekend at the california democratic party convention. it was progressives who ruled the floor they believe that the way forward in defeating donald trump. >>will be to

tesla's c.f.o.s will play an increasing role and be a significant part of tesla's revenue so in creasing commissions regulations will increase this business for tesla. shery: chrysler in discussions to merge with renault. we're hearing from disk nissan that they're going to spend their interest. what's this about? >> there's a lot of interest that any carmaker has in such an alliance. they're competitors and doing so everywhere from the dealership level to the supply chain to the factories themselves. all of these need to be negotiated and each company wants to have its interest protected. a good example would be mitsubishi motors, which is currently part of a three-way alliance with renault and nissan. it's introducing its first cross vehicle with nissan based on the outlander motte in the u.s. that's going to be a competitor to some of fiat chrysler products like their dodge ram and also their jet stream line of vehicles. so in a case like that where you would have the alliance supporting the deal

a 22-year-old man was driving the tesla. he is cooperating with police that say alcohol and drugs are not considered factors in the crash. >>> new haven unified and striking teachers union will return to the table tomorrow. they tried to broker a deal to end the strike. the big roadblock is teachers salary. high school graduation ceremonies will continue with or without a deal. the last day of school is june 13th. >>> golden state warriors look to rebound tomorrow night following the game one loss to the raptors in toronto. thursday night's defeat is first time they lost under steve kerr as coach. >> a second day of rest. a second day of preparation. each warrior's player knows what he needs to do better. green shared a telling yet subtle attitude change he kaussw klay thompson in practice. >> he doesn't just show emotion. you can get a feel for when he's mad. you could just see it when he was walking off the floor. it's a certain bounce that he has. like i said before, you ever to just come play the game. >> reporter: you'r

they have the vote after a coming up on tesla, well, they have had their share of scuttlebutts. what the ceo is saying about the falling demand for tesla >>> as kids are sinking into summer vacation, a new report finds most kids aren't learning. how a lesson unlearned could affect their future. >>> good morning. i'm rahel solomon at cnbc headquarters. wall street looks set to open in the red today. the markets failing to hold onto early gains yesterday. the nasdaq fell for the first time in five days. on today's watch list, consumer price in tkebgdeindex. elon musk said sales of the model 3 have outpaced rivals and tesla has a decent shot at a record quarter. he said the model y suv will likely go into production next year. and they could show off an electric prototype of a pickup truck this summer. a number of americans said their parents never talked t they nev were taught primarily about savings. the report says that sons are more likely to learn aboutle dan more about giving. marcus and kris? >> hmm. maybe we should teach everybody about everything. >> be nice. >> that would

qualcomm, tesla among the biggest laggards.e, 2018 was a record-breaking year for venture capital. with the rise of supersized funding rounds and astronomical deals. this year, one venture capital firm said no to more cash. maveron just announced its seventh fund, another $180 million. maveron says it turned away $70 million. it is backed by several companies including ebay. joining us to discuss is anarghya vardhana, a maveron partner. thank you for joining us. why turn down $70 million? anarghya: in an era where funds are raising more and more money, we thought for us, it is about being disciplined, being focused. it is being a small fund size, focus only on consumer and living on that. turning away $70 million and focusing on the $180 million fund was a way to example of buy that. emily: do you think you could have farmed more goods to invest in if you had taken that money? anarghya: the ubiquity of what to do, there is a ton to do. maintaining our small fund size allows us to be focused on what really matters. we believe ev

tesla was heavily cited in the report and said the period ceptions are inaccurate. >>> we're following up on an adorable viral video we showed you on "today in the bay" and of course right here on this newscast. >> now the father and son have parlayed the fame into a nice doverment deal. >> that's your favorite cartoon? they canceled it? oh, man, we've got to send a letter to the network and tell them they have to bring it back. my d.j. and kingston are stars in a denney's commercial, just talking about the baby's life. not too far off the conversation over a tv show earlier this month. that video has been viewed on facebook more than 58 million times. >> it's so cute. >> it's like yeah, dad, you're right. >> they say that's the best way to get kids to talk. they're communicating. and he's going to talk nonstop. >> that's true. nonstop is this nice weather we've been having, hopefully. >> hopefully. but as we go into the weekend, you know, i think we're going to turn back up that summer heat. elsewhere the skies are clearing, the temperatures feel nice. we work our bay inland to walnut

. >> a driver error or tesla error. a tesla accelerated plowing through the garage. another car and into her kitchen. going right through and speeding up the driveway. there's the car there. business tech reporter is in san jose. you're familiar with the model. what happened? and tesla's response. >> the important thing to note is through the years lots of cars have fallen victim to what people call sudden acceleration. this ended with a car driving through that garage. >> it was coming back from work. >> she works us through her garage. the scene of a crash she says happened. when her new tesla unexpectedly accelerated. >> it slammed the other car. into the cabinets. >> her security cam kra shows her coming home from her job at apple. and it wept through the closed garage door. it was damaged. the other car was damaged. and the kitchen on the other side of the wall was damaged. >> my kids -- >> she's only owned the car for a few days. and says she didn't have it set to autopilot. she also says her air bags didn't go off. >> i don't know what happened. they should fi

so, vendors are coming to us and saying give me a put on tesla. we buy those claims at literally what is happening they're paying us one point a month and we could stop it at any month so, you're making low teens types of returns on something where it's got $30 billion to $40 billion of equity value. kind of hard to get hurt doesn't mean it doesn't happen, but plenty of time to get out. >> doc, you have a thought on that strategy? >> i love it the same way warren buffett made his money. selling but he does it in insurance companies through geico and so forth that's how warren got rich he didn't get rich on shirts for berkshire hathaway >> as long as, i wouldn't do the put and give somebody a two-year that's the difference. if you can do every month, every month we could determine do we still want to take this risk so, if all of a sudden tesla's eqqu equity value drops to $10 billion, we're out the market is telling you there is more risk so, that's what we are -- >> or would it go to 2% a month instead of 1%. >> we'll keep charging more. >> you're

tesla says the study didn't survey actual tesla owners. >>> in the south bay neighbors celebrated the return of a beloved neon sign with a cookout. the dancing pig on montgomery street in san jose marks where a sausage factory once stood. its fate was in question when google proposed to buy the land around dear done station. but after the restoration the pig is once again dancing. >> that's good. next at 5:00 a.m. vgts santa cruz named the least affordable city for educators. what's being done to help teachers in that area. >>> california efforts to stop trump administration abortion rules blocked in court. the rules the state will have to follow while it files the appear. >>> cal state hid a shocking >>> spring turns into summer. a live look at san francisco from the exploratorium camera. a cool start to the day. we'll heat up this weekend. farther insfland. >> look at you being grammatically correct. >> you're never more than seven minutes away from my accuweather forecast. meteorologist mike nicco bring in the summer forecast. >> absolutely. take a look. let me get a tower cam up t

its federal tax credit will drop to $1875 a tesla tax credit will disappear at the start of next yeardit right now that's at 3,750 pretty substantial but once a manufacturer has sold 200,000 of those cars to us buyers. why that credit starts being phased out tesla was the first to hit that mark and this is the lightest machine ever to take flight engineers at harvard university. but what they're calling a robobee the little robot weighs 259 milligrams i relies on solar cells and an extra pair of wings to achieve the lifted power needed to fly its own details of the development. those were published in this month in the journal nature, the next goal decreasing the power the robot requires and adding on board controls that will let it fly outside. >>and nba free agency is nearly under way the warriors expected to make a little more than offer to klay thompson mark carpenter and a special >>and welcome to the set of bay area sports night getting ready for 7 o'clock show on kron on i mark harmon are joined by a very special guest and honored to be joined by bond a hail with 95 7 the game

>> sure. >> he nailed it, he said you go along tesla a buck 75 or so. he said the upside is 225 or so. we talked about pulling the rip cord if you were fortunate enough to carry the trade to the levels for at least a day and a half it has proven correct to answer your question, absolutely at least goldman sachs' timing is right this time and i think there's down side risk. >> for more on tesla and all of the calls, go to cnbc.com. here is what else is coming on fast i'm melissa lee. >>> yes, that's what stocks did today. if you missed a launch, don't worry. a top technician will give you three names to catch the ride. plus, apple sitting out the rally today. >> sound the alarm. >> we will tell you why the tech giant is warning things could be about to g aotet l worse there's much more "fast money" right after thisuse beyond risk. welcome to the neighborhood, guys. there is reward. ♪ ♪ beyond work and life... who else could he be? there is the moment. there is human ingenuity.. ♪ ♪ every day, comcast business is helping businesses go beyond the expected,

dana, exactly what is tesla's plan here?sla has historically had a division that was the asian region that included china, japan, korea. now they have revamped the focus so it is a greater china business unit, and they are putting more emphasis on china as a region, the second largest market for tesla outside the united states. and this gige factory they are building outside of shanghai is coming online quickly. it is an effort to align the business unit more closely with china. >> the latest quarterly results missed analyst estimates. how much do they need this? dana: it is huge. because of the trade war in tariffs that car companies pay, it is kind of cost prohibitive to enter china. the factory itself seems to be going up quite rapidly. at the shareholder meeting last equipment said that is being installed and they hope they can begin producing model threes in china by the end of this year. a divisive stock, one of the most heavily shorted. is this going to change the opinion of the tesla bears at all? dana: i don't think

five people in the tesla were injured. and an investigation in the crash shut down haste street downtown tofor about 12 hours saturday. a 22-year-old san leandro man was driving the tesla and cooperating with police and alcohol and drugs are not considered factors in the crash. >>> in the south bay, it was a chance to check out the tools of the police trade today. the santa clara police department held its open house giving residents a glimpse at its cruisers, mobile command center and when it really needs some reason form its tactical armored truck, the police did some demonstrations for those who showed up. >>> the city of hayward today raised its gay pride flag in support of equality. the rainbow colored banner will fly high through the end of the month. hayward city council last month designated lbgtq, two spirit and gender nonconforming pride month. the action is to convey the city's pride and support for its lgbt plus residents and elected leaders elsewhere, whose efforts to celebrate pride has forced opposition. >>>

. >>> tesla's ceo elon musk says it won't be long before the company will have a car with a 400-mile range on the road. he made the announcement during tesla's shareholders meeting yesterday and he also says that some time next year drivers will be able to use self-driving features in their vehicle without intervention. he also says all teslas built since october 2016 will have autonomous driving capability. >>> another elimination game for our dubs. dropping down to 64. pretty comfortable coming in and going out of the game. afternoon highs tomorrow, the 90s are gone. 100-degree temperature highs today and notice the 60s along the coast, even to 59 in half moon bay. now friday we've got 60s around sausalito, half moon bay and notice the 70s and the 80s as you move inland and for saturday temperatures very comfortable. after three days of obnoxiously hot heat very comfortable days in our midst. comfortable nights, also. starting sunday some 90s will creep back to our inland neighborhoods and get even hotter next week. right now i'm not seeing any 100s. let's get a check of the mornin

>> we read the usual tesla turbulence that goes unexplained. a little disappointing for those of us who enjoy the drama and glamour of it all, but i will agree moderately with craig, who is quite the optimist today, that for investors, that was not a bad meeting. it did seem like he's certainly putting out a rosy picture on demand, which doesn't seem to match the facts beyond craig's on-the-ground research, and the production's been down by a third. they've surprised us badly in q-2. in fact, end of q-1. but q-4, they told us he's going to be profitable for every foreseeable quarter in the future he couldn't estimate it, even just, you know, three months out. he was so far off. but also just taking a look at the continued turnover in management -- they have a huge delegation problem some 40 senior people in a year -- two generals counsel, two vice presidents of communications, hr, engineering, even people working on batteries and things that have been leaving and the automatic pilot, where they've had the terrible crash that "consumer reports,"

the tesla driver stayed at the scene after the crash as police began their investigation. this is the first vehicle we reaching stop. thomas to share a witness to crash and called 911 he says drivers need to be careful in the think they were. >>just having a great time like it wasn't like they were really young it was an even which is really unfortunate to us have to. how that happened on this street. >>3 other passengers in the involved vehicles were taken to the hospital no word on their injuries. again the driver of the test flight 22 year-old man from san leandro is cooperating with authorities. police say drugs or alcohol were not factors in the crash. just speeding live in berkeley get along and fora news. thank you take a look at this san francisco police are investigating how a car ended up crashing into this building. >>the driver of the car was sent to the hospital with life threatening injuries. the crash happened just before 2 o'clock this afternoon near the intersection of 17th and mission streets. police say the car hit 2 other cars before crashing into that

the move to insurance has been panned from analysts and even warren buffett tesla shares are up less than 2% but still down, brian, more than 30% this year. i'll send it back to you >> we'll look forward to that car story. that submarine car storypen thank you. >>> your top corporate story united technologies to scrap its proposed mega merger with raytheon front and center major united ceo bill acman he sent a letter to greg heys saying the deal makes, quote, no sense. we cannot comremend the strategic logic behind such a transaction. if the company goes forward, we will oppose it publicly, if necessary. not just him, fellow ceo holder also opposes the deal. shares not reacting. they are both higher in the market utx up 1%. in the meantime the ipo rush continues. this time it is crowd strike getting ready for its public market debut they are a cybersecurity company and they priced their shares last night at $34 apiece above the expected ange. giving crowdstrike valuation of $6.8 billion trading under the ticker >>> more live reports from hong kong where tens of thousands of protester

on monday is the worst possibly over for tesla we have john petridas. of bad news and people downgrading expectations for volume sales all the other headlines and the stock seems to have snapped back from a multiyear low does that tell you anything? >> i mean, for the bulls on tesla, you really are happy the month of may is over and june has come what a rally in the stock. i think the stock is at a crossroads strong conviction on the upside or downside, no in between you're buying it for the long-term. you think and tesla will continue to dominate the e-car market five years from now or you think they're going to drown and burn through cash and the stock will go consistently lower. no in between here we're in the case of the bear side we think valuation is just not attractive for this capital intensive business where more competition is coming to the market >> back above $200 a share some folks feel like that maybe is passing the first test but we'll see how it goes from here. very jumpy stop. thank you very much. for more "trading nation," head to our

>>investigators say the tests also hit a dodge pickup truck, the tesla going back and forth between the. >>the ford fiesta and a white pickup truck. continued going in and coming to rest some 100 feet away. >>the alameda county coroner's office identified the woman as we vet monarch, police say monarch in a 32 year-old woman sitting next to her had to be extricated from the car. monarch later died at the hospital. the other woman suffered critical injuries. the tesla driver stayed at the scene after the crash as police began their investigation. 3 other passengers and the involved vehicles were taken to the hospital we don't know the extent of their injuries. >>but police says alcohol or drugs are not factors in this crash just speeding live in berkeley get long run for use. thank you san francisco police are investigatnng how a car ended up running into a building. >>the driver of the car was sent to a hospital with life threatening injuries. the crash happened just before 2 this afternoon near the intersection of 17th and mission streets. police say the car hit. 2 other cars before cr

even on the debt side, quickly, the we works and thend teslas the company debt.nk there are bubbles there, too. overall, there aren't many bubbles in the market, but there are sure some in these pocket >> david sowerby, thank you very much for joining us. >> my pleasure. >>> wo have some sad news tonight in the world of economics and finance. economist martin feldstein has passed away. he first came to prominence as chairman of the counsel of economic advisers under ronald ntagan and he was also presi obama's economic advisory board any president emeritus and a ti lo professor of economics at harvard university. martin feldstein was 79 years old. ♪ ♪ >> the premiere ent for the fast-growing vid why game industry is under way and that's newe cutting-ed technology is on display and innovative new games are shows cased and tyear, a few new trends are e merging and josh lipton is in los angeles tonight. this year at e3, the $166 billion video game indtry is imagining a world where fans can play games any time anywhere. >> no need for a pc or game console. microsoft t

according to gupta her foot was on the break pedal and the tesla uncontrollably shot forward. >> it's a good thing my kids were not there. it was a nightmare to think about that. i could not sleep for three days. >> a spokesperson told kpix 5 a statement that they investigate the diagnosis lots when a driver claims her car suddenly and unexpectedly accelerates. in every case the vehicle diagnostic logs confirm the vehicle operated as designed but gupta insist that's not what happened her. she says she doesn't feel safe in a tesla until the company proves whether it was her fault. >>> ils tsearfor a ssg anthe delta. teams using sonaequip and say they found the wreckage. a boater reported seeing the plaintiff down on sunday night. we are told that the pilot who was alone had taken off from buchanan field coord. his identity has not been released. >>> investigators in new york are trying to determine the cause of a helicopter crash that left one man dead and rattled nerves throughout the city. laura podesta reports from manhattan's west side. >> reporter: an investigator for the national