plus, tesla delivers. quarterly profits top analyst estimates. 2020 deliveries expected to top half a million as the company's cash pile gross 18%. and, new evidence raises fears that coronavirus could spread undetected. first, i want to take a look at how u.s. markets fared today. it was fed day here in the u.s.. the nasdaq leading the gains as the s&p 500 underperformed. reiterated his ability and desire to propel the economy forward. that means you are getting a drop in 10 year yields, down about seven basis points on the 10 year. the fed makes no moves today. is alsoly, jay powell giving us a stronger dollar, slightly up. it looks like it is going to be a fairly quiet day in this part of the world. futures indicating some modest declines. alsoes for the nikkei weaker by about half of 1%. new zealand is up and running, kind of flat at the moment. we had the trade numbers a little earlier. million surplus, better than expected. the kiwi dollar not really reacting a great deal. much thehat is pretty theme

a short list apple, tesla, amd, snap, spotify, zillow. like facebook and byedo in this market, but how much can you like some of these names given how quickly they have run up >> yeah. jon, that very good question we think valuation right now is still very attractive. look at facebook coming to the year, a lot of investors are very concerned about regulations. i think as we get into the year, a lot of people getting more comfortable because some of the regulatory issues or policy that happened over the last few years has had very limited impact on facebook if i look at it from a valuation perspective, in terms of ebt ebitda for facebook, trading 20 times for the next two years still a lot of upside. keep in mind, facebook, unlike other companies, it has a more important monetized asset in terms of mobile messaging. you have a billion users in facebook messengers in the u.s. and a billion internationally. we see significant upside. byedo, the stock is only trading at 3 1/2 ebit to ebitda. the stock thing that is a broken story at this time

tesla going upon a wild ride this year. electric auto maker up more than 33% this month and trading at all-time highs. but our mike khouw is betting the stock's hot rally could hit a speed bump on earnings next week over at the plasma call to action mike take it away. >> tesla has been a difficult stock to bet against if you have been short this stock over the course of the last six months, you understand now painful that can be and of course a lot of shorts have been taken out as a result. if all you've been doing is buying puts you have felt a great deal of pain becauses in a stock where you see expensive options and of course the stock only gone in one direction we are looking for ways to bet against the stock without spending quite as much money over time or taking the risks you would by naked shorting the stock. lets look at it right now. the options market implying a move of 12%. that's quite considerable when you consider how expensive the stock got. we are talking about a 100 billion-dollar market cap, a $12 billion

going pretty well for tesla.aybe we should put the stock over $600, which is what happs happened here. their estimate for delivery of vehicles in 2020, 500k, well above what analysts rr expecting. their china plant outside of shanghai is ramping up production elon musk on the conference call said they are seeing strong demand for cyber truck >> demand has been incredible. i've never seen actually such a level -- never seen anything like it, basically i think we will make about as many as we can sell for many years. so, you know, we'll sell as many as we can make it's going to be pretty nuts >> by the way, we hear that kind of commentary from elon musk about every vehicle ahead of time when he's talking about them on the conference call. go back to norv. when they rolled out the cyber truck and threw the metal balls at the windows and they cracked and people said this is a disastrous unveiling, look at what the stock has done since then we had the numbers run up, what, 83% since the cyber truck unveiled everybody

cracks in tesla.nd they could be bigger than these. >>> plus calling all option action fans, reach into your pocket, grab your phone and tweet us your question at "options action. if it's nice, we'll answer it on air, when "options action" returns. ♪ "options action" is sponsored by think or swim by td ameritrade ♪ ♪ which is why xfinity mobile data,is a different kindent. of wireless network that lets you design your own data. choose unlimited, shared data, or mix lines of each and switch any line, anytime. giving you more choice and control compared to top wireless carriers. save up to $400 a year when you switch. plus, save even more with $150 off galaxy a70. click, call or visit a store today. it's got all my favorite shows turn oright there.boom, i wish my trading platform worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of t

a tesla exploding in the shanghai garage got the tesla stock to drop 3% last april.an expect to see more of of high brandeos as well as brands their business leaders and celebrity endorsers. there has been a lot of fake videos. there are tens of thousands of views of her in deepfake porn. it will go on to affect many personalities and brands, not just politicians. efforts towards brand safety, be can expect the future to a little better. i am very pessimistic short-term because the ai folks, even mark zuckerberg, who has been promising, pledging to congress since last april that there will be a lot of ai investment in removing this harmful content, that is not happening. there is a deepfake challenge, which is basically what facebook makes in a morning. there are hundreds of millions of videos being watched on facebook every day. jean-claude goldensteain bloomberg's and kurt wagner, thank you. bloomberg technology is streaming on twitter. this is bloomberg. ♪ taylor: electric vehicles are a big focus at ces 2020. crossover has been viewed as a success. ken washington

>>tesla shares closed today just under 565 thank you. what do you make of tesla and this strategy? >> sure. i mean, this is extraordinary. not so much that stocks can't do this, but typically it's almost something binary it's a biotech where something can literally change and that's not the case here. we know that they are changing the car industry a lot is priced in being outright short, that's not something i would do, not to imply that that's what you're doing, but this has animal spirits and it's on its own now. >> it is such a cult-like stock. it is in its way binary like a biotech. you've got lovers and you've got haters. >> i'm not a tesla hater i don't hate the cars, i don't hate the company there is actually a case you can make for its earned price believe it or not. if you look forward to 2030, the conservative estimates figure that we're going to see annual electric vehicle sales at that time north of 3 million a year what is interesting here is the theory has always been for tesla is that they own the electric vehicle market

your outlook for tesla in china?look, there is a lot of questions specially with the coronavirus now because not only is the market there soft for cars, soft for electric cars, how do you deliver cars, when the country is partially shut down because of these issues? could delay things. will it stop them all together, no, these things work themselves out over time. just a matter when all that is going to happen. the other question do people want to buy electric cars in china at the same rate they used to? that might not matter. tesla has proven doesn't matter what the rest of the market is doing. it can sell cars in the united states where other brands can't. no reason it can't do that there. the vehicles are coming online at a good price for the chinese market. melissa: jonathan you talked about the parabolic rise for this stock. so many think that is not justified or this is a really dangerous stock. it just continues to go higher. what do you think, does it ever come back to earth and what would cause that? >> in f

brands other than tesla in chinasales were down, right? >> the whole market was down gm reported their china sales today, they were down substantially. ford has been struggling fiat chrysler's presence is limited relative to the other two u.s. automakers in china but really the entire market was down and this is a market that has had i think 14 or 15 straight months of declining auto sales so you are seeing a bit of a console didation taking place ad you will see the smaller brands shake out over the next couple years. >> let me squeeze in two real quick questions about the electric vehicle market. i'm going to assume for purposes of argument that tesla is number one. who is thuis number two right n who will be number two in ten years? >> well, globally i'd say number two in ten years is likely going to be volkswagen general motors will say that they will be making a big effort in that area that would be my guess for ten years from now and in terms of who is thumb two right now, i would say that -- i'm guessing maybe volkswagen, maybe bmw.

tesla is aiming to produce half a 1000000 model 3 and y. vehicles annually at the brandenburg factory that would be equal to the planned output of its just completed facility in shanghai dubbed the factory 3 that was hoping to begin construction on the berlin suburb of green hide of by march but that's unlikely because it's still waiting for a permit just before christmas tesla reached a deal with the state of brandenburg to purchase the plot of land for the new plant . that's it from even w. news is next right after this quick market a. law . firm the. songs are sure. we live in a world that's filled with plastic. and plastic garbage. the consequences for nature and the environment are catastrophic what can politicians business and what can we do to fix this problem the world is drowning in plastic garbage. made in germany in the 90 minutes w. . we had the real talent resides. i come from there lots of people in fact not been a really good use of blood largest democracy give me that's one reason why i'm passionate about people and aspirati

tesla's plan to get a factory outside beilin is already making waves germany's legacy economic is now also one of the piece of the new incoming class. outside of burlington this is a business asia on the wu update on the asian and global business news. carlos gomez made an explosive 1st public appearance since fleeing japan where he was awaiting trial on corruption charges more than a week after his dramatic escape from japanese justice the former chairman of miss sun told journalists in beirut that allegations of financial misconduct against him were untrue and that he should never have been imprisoned he called his treatment a travesty against his human rights he was prosecutors of trying to force a confession threatening to go after his family to let's listen in here's what he had to say earlier i was presumed guilty before the eyes of the world and subject to a system whose only objective is to course confessions secure guilty pleas without regard to the truth. i have come to learn that my unimaginable ordeal over the past 14 months is the result of a handful of unscrupulous vindi

you typically need all three, which brings me to tesla okay because tesla has it all last night teslad a staggering quarter, their second in a row, and it left no doubt that the messon ic were right this thing is going to crash on the surface the results were solid. tesla reported a billion dollars in free cash flow, projection of 500,000 cars to be delivered but underneath it was insanely good, which is why the already red hot stock surged more than 10% today. from listening to the conference call, which was pure joy, by the way, it's obvious that musk could make a million cars this year, and he still wouldn't be anywhere close to meeting the demand for these things. you think a ford and gm production would make more money? if anything, they would probably lose more money. the red ink would drip from those cars given the incredible execution and how quickly tesla can build new plants ten months for plant in china. all right. they built a hospital in ten days anything is happening. there is the one that is going to go up in berlin is going to be amazing musk may be able to get output

tesla is not really a car company. it's a tech company on wheels.s what keeps confusing people almost none of the cars has any demand to speak of at all. except for tesla the some are -- some incredibly smart people have put a ton of thought and effort into the machines and the rest of the industry is nowhere near catching up with them plus, tesla has its own battery business that might turn out to have a genuine earnings power. the business community is embracing this in a major way including batteries. and just imagine what happens if tesla invents an electric car battery that can last 1,000 miles on a single charge seems like a safe bet that elon musk will get there before anybody else does, doesn't it? tesla is the kind of tech company that had little hope of turning a profit any time soon it's one of the rare tech names along with amazon and netflix. funny thing happened in recent months it's unclear that tesla is about to have an earnings breakout you heard me, earnings breakout. company might be able to make as much as $5 in share this year.

with tesla.100 billion. i think tesla is properly valued in here. it is never a bad idea to take, maybe, 10% of your position and put it into something that's cheap, you know? liz: you know bernstein tech analyst tony, he knows a lot about this company, he says the stock may have run up a bit too much. he has a price target 325, i believe. we're at $500 and 38 cents. $538.15 as we head into the closing bell. let me just say, would you buy it if it fell to a certain level? what would be the level again? >> i would definitely add to my tesla if it came back down, started the year, like 420, you know. you know, we've been doing this show, talking about tesla a lot, you and i, liz. liz: oh, yeah. >> through lots of ups and downs. tesla is just getting going. as a long term investment i think it is a freight investment. my long term clients own tesla. we're not changing that position. if i don't own tesla, i want to get into it, this is a very high price to start buying. you want to be a little patien

tesla over autonomous cars forget tesla autonomous cars are probably five years away. buy the chips that go into it. buy adi. >> autonomous vehicles, most of us with these we are not going to notice the that much in the speed. yes it will be faster. >> 100 times faster. >> for most of the apps we are using here -- so it is going to take a second and a half for me to see something on here instead of two and a half seconds into right. >> but to the autonomous car side that is critical. they said it over and over again, at ces last week. that's truly where their benefit lie is for the heavy users of pull data like that. >> i have got to bounce. take a break good to see you. thanks for coming in here's what is coming up on "the halftime report." >>> morgan stanley shares spike on earnings while u.s. bank corp. gets a downgrade our experts didn't the financials straight ahead. >>> plus we want to hear from you. the investment committeewill answer your questions in ask "halftime. go to cbs.com/"halftime" or tweet us "the halftime report" with scott wapner and the traders is

plus, it's not just tesla.le has a new biggest bull on the street one analyst boosting the price target to 375. we'll give you details and where's the beef why soaring beef prices could become a potential head wind to some of wall street's favorite restaurant stocks. all that when "power lunch" returns. >>> welcome back i'm sue herera here's your cnbc news update the 2020 oscar nominations are out and they reflect previous troubliing trends o o a lack of diversity and inclusion. there are no female directing nominees and only one acting nominee of color and a normally warm year could be responsible for 1600 more deaths by injury per year in the u.s. according to a new study researchers say most of the deaths would be caused by drowning, transport accidents, assaults and suicides. the states with potentially the highest number of deaths, california, texas and florida. >>> jury selection in harvey weinstein's rape trial enters its second week in new york. a more intense phase is set to start thursday with lawyers

live on the ground in vegas covering ces 2020 for us more from him in a few moments >> we begin with teslan musk in china, the stock opening at an all-time high. eunice yoon has more >> elon musk definitely showed his enthusiasm for the chinese market and perhaps investors are taking a cue from that today musk did a little dance at a shanghai event which marked the delivery of tesla's model 3s made in china to ten customers, to the general public, for the first time he also made several announcements saying that for the model y production would begin for this suv in china. he also said that the model y demand he believed was likely more than all other tesla cars combined he sees future models made in china at this factory and aims to open a design center to create an original car for the global market. the plan is to raise the production capacity which stands at 150,000 vehicles a year to 250,000 and also comes at a time when the market here for the auto industry is slowing down, when the trade tensions between the u.s. and china are quite high, and when china is scaling back its aggressiv

later, tesla ceo elon musk has reason to celebrate as tesla's production and delivery efforts in chinaet moving. this is bloomberg. ♪ taylor: it's no news that microsoft competes with amazon in the cloud business, but a new target seems to be in retail customers. for details, i caught up with bloomberg and mizuho analysts. >> we are talking about this, microsoftll, because ceo satya nadella is keynoting a big retail show. retail is one of their most important sectors. generally speaking, web services amazon dominate the market, but none of the retailers want to work with amazon, which is one of their biggest competitors. you do not want to line amazon's pockets with cloud revenue. microsoft is working with a lot of these customers, like kroger and walgreens and now ikea, on a bunch of different things like store of the future concept. ways to help these companies e-commerce sites better, monetize, sell more advertising. things that will help these retailers do a better job of competing with amazon's consumer business. and, at the same token, these relationships help microsoft's cloud b

if 1000 new jobs and a regional image boost tesla gigafactory near berlin is considered a big win for all concerned and the u.s. electric car maker might be starting a trend among the locals german car makers are poised to faustina brandenburg next to berlin other major car makers have also expressed interest in the region. the brandenburg economy minister believes the area could soon become a cluster for the electric vehicle sector attracting suppliers as well as skilled labor. you're already seeing a stablish german manufacturers opening up to new technologies asking whether there are opportunities for them here they're asking one of the requirements what made you interesting to tesla there is a knock on effect. nothing to what this one. is aiming to produce half a 1000000 model 3 and why vehicles annually at the brandenburg factory that would be equal to the plant output of its just completed facility in shanghai dubbed factory 3 tousled was hoping to begin construction in the berlin suburb of green hired by march but that's unlikely because it's still waiting for a permit just bef

nothing to what this one tesla is aiming to produce half a 1000000 model 3 and why vehicles annually at the brandenburg factory that would be equal to the plant output of its just completed facility in shanghai dubbed you've got factory 3 i was hoping to begin construction in the berlin suburb of green hired by march but that's unlikely because it's still waiting for a permit just before christmas tesla reached a deal with the state of brandenburg to purchase the plot of land for the new plant here to talk more about tesla is our correspondent elise now aside always test lab has been making inroads abroad in fact today was quite a significant day for the company in china tell us more. it was a great day for tesla you know also inside the company delivered its 1st for a model 3 as a manufacturer in its factory but also introduced its a model wide to the chinese market a good news that propelled the company's market valuation above $84000000000.00 less then $2000000000.00 shy of general motors and ford combined abrade in its initial success in china at a time for example the general mo

right now, tesla costs are still -- tesla's cars are still high compared to locally made cars, but theyll be able to lower the price. that will give them more cost parity. taylor: and then in the soundbite we heard in the beginning, he was talking about how the model y demand will eclipse all the other models combined. when do we expect the model y crossover? dana: he has said that before on the earnings call. what was news to me is that they are going to begin model y production in shanghai as well. and they have not begun model y production here in fremont yet. it sounds like they will launch on two continents in parallel. and the y is the lower cost suv. tesla had a lot of challenges wandering -- launching the model x. i think they have learned a lot of lessons. i think most people in the world want suv's as opposed to sedans. taylor: the biggest issue, as we remember, was the production. how did they avoid that in china? it appeared to be a seamless rollout. dana: it's hard to say. we have not heard much from the company about what they did. but i think tesla has sort of reinvented

plus what tesla is doing right having its stock hitting record highs. we are live with that answer and new details emerging about carlos ghosn's escape from japan. a very busy hour ahead when "worldwide exchange" returns after this i can. the two words whispered at the start of every race. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward. the same two words that capital group believes have the power to improve lives. and that, for over 85 years, have inspired us to help people achieve their financial goals. talk to your advisor or consultant for investment risks and information. talk to your advisor or consultant stay resthe new rx,the icon thatcrafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer. some things are too important to do yourself. ♪ get customized security with 24/7 monitoring from

so not a pure reflection of tesla's value. you have to subtract all the debt that ford and gm has. >> and if you look at the enterprise value, ford is more valuable than gm and tesla all the way down at like 88 billion, 89 billion but that has been a point all day. nonetheless, i think that we're getting to the point where $500 a share is not only a possibility, but could happen relatively soon. and remember, remember when elon musk's contract was redone and his compensation package people said, you know, if he ever gets to a market cap of $100 billion i can't remember what his compensation is, but it is a big pay day. that is not too farfetched only $15 million away from that. >> and you can take just a tiny sliver of that money and go to dancing school a little fred astaire action phil, thank you very much. >>> are and speaking of debt and tesla, i know karen you've been doing a bit of digging tesla has some debt. you found some interesting things >> yeah, so one of the these cease for the bears is the balance heet but when

that tesla ta shows could do quite well, in fact, the tesla registrations in in china jumped 14 foldmore than 5,000. priorities are certainly going to be to capture as much as that market as they can. some of the projections have been pretty wide-ranging, at the end, only 21,000 could be sold this year of the made in based onel 3s, that is the history of production delays as the la has as well fact that the macroeconomic issues are very difficult. on the high end, some are ptimistic, they could sell 100,000 vehicles or more in china. david: great stuff and she is watch there musk n a very windy, as you can see shanghai. from one musk company to another go to live pictures 9. the falcon it's the third mission since 2019. some uld be landing at point very soon as well. reading a couple of things here as well. will be landing the falcon 9 first stage with the i still love you drone ocean, 45the atlantic minutes after liftoff. vonne: 60 new star link satellites are going to be joining this mega constellation here today. that, of course, live, we'll bring you those live of ures there, yea

buy teslas, not because of ev. >> you talk to most tesla customers they are buying it for the brand. can be cool and help the environment because it's electrofied as well a lot of discussion of tesla's challenges of ramping up and becoming a mass manufacturer, which are a lot of challenges they are working through what's not talked about electrofied product, there's lots of software management in that they have a big advantage over oems they are just now introducing electric products and it's yet to be seen can they master that. i thought it was interesting ceo of vw in an internal meeting said, listen, we're far behind on software and we need to up our game that's a really interesting comment coming as they are launching id 3, are they having issues as they ramp and master the software skills necessary? who knows. >>> speaking of software, autonomous is also again part of the investment case for tesla where a lot of people who are positive on the company's prospects believe it has an opportunity to dominate. when you're at ford we are talking about autonomous that's starting to rear

but doesn't the history of tesla and the future of tesla need to be surrounded by its ability to fills to be the issue. they've got to ramp up rolling these things off the assembly line. i know he's doing that now in china, but you know, if you're going to feed that waiting list, whether it's the cybertruck or the model s, don't they need to speed this up just a bit, and $4,000 seems a little extreme. you've got shorts swirling around this company. yeah, they're getting stepped on but one day they might not. >> i think the key here is to keep a very big eye, that's a very myopic way to look at the company. what we have to think about is how many giga factories can tesla bring online over the next two to three years? we have seen they have giga factory one, giga factory two and have launched giga factory three in china. giga factory four is coming. these are the modern generation monuments. these are the wonders of industrial world. i should say technology world. each giga factory by itself is at least valued at $50 billion. what it brings is economies of scale, scope and efficiency wh

is our correspondent host said the least they horo now with other ways tesla has been making inroads abroad in fact today was quite a significant day for the company in china tell us more. it was a great day for tesla you know also inside the company delivered its 1st a model 3 is a modern factory needs to factory but also introduced its a model wide to the chinese market good news that propelled the company's market valuation above $84000000000.00 less then $2000000000.00 shy of general motors and ford combined abrade in its initial success in china at a time for example the general motors a warmed over continued challenge there following a double digit sales decline in 200-1000 the chinese market it's not easy her know we cannot forget that focus there is because a chinese electric vehicles her sales her harbor have been growing rapidly propped up by government subsidies that said china has now begun reducing its incentives for electric cars and sales of new energy vehicles have started to decline. thank you louise to her there on wall street for us. prosecutors in tokyo have issue

has an order for 25 tesla tractor trailers. they're leaning into this.dea is to save not only on the vehicles themselves but long term on maintenance repairs. you have the fleet the size of u.p.s., that's a substantial savings. >> you bet professional athletes moving off the fields and into venture capitals as they look for a new kind of play book. kate rooney joins us live from san francisco with the details hi, kate. >> that's right, tyler athletes and venture capitalists telling me it's a win for both parties, having more money to invest in salary caps. venture capitalists want athletes on the deal because they bring millions offe followers. they can get in a lower minimum investment and in return they can spread the word about the company, lowering marketing costs. bay area athletes have a leg up on getting in on these deals with silicon valley right in their back wrard and some are looking to investing as a full-time career after sports. guys >> it is interesting, to your point on bay area athletes having an edge steph curry has been in the forefron

it may be there at some point, tesla dominates this market.f you believe we are at an inflection point, you what nt to be in tesla. that's why so many people have moved into this stock. >> that's right, phil. >> that's like discussing plant-based meat even though it is one company. >> you are right >> there are other ways to play the ev market. kree is the material supplier to everybody making silicon car bite moss fits allowing you to make a smaller battery tesla is the primary customer but everybody will be using those. using material from kree or a secondary competitor they are a perfectly valid way to play evs for a company executing pretty well at this point. >> maybe not as much as the fan appeal as tesla and elon musk. >>> coming you, we'll show you what some companies and ceos are saying about the coronavirus outbreak and looking at shares of facebook earnings out from dupont matching estimates on the bottom line and reporting lower than expected revenue that stock luke like it is down about 2% we'll be back after this what do advisors

the ford and gm versus tesla comparison is just a parlor game tesla has electric vehicles.t's the future. gm has an electric vehicle that one wants. wake me up when tesla is double the value of ford and gm put together that's when i might take a pause in my bullishness only if ford and gm gain in value if they decline a double is too easy stick with cramer. . >> announcer: tomorrow, kick off the trading day with "squawk on the street." live from post 9 at the nyse >> what? >> at the end of -- sdmres's a seen. >> well, okay, i have a lot to say and not a lot of time. all right? and i got to do enough free association to stun you. >> i'm like, huh >> announcer: it all starts at 9:00 a.m. eastern. knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested, well protected. voya. be confident to and through retirement. see how to keep people moving, ♪ to keep a city moving. with esri location technology, you can see what

it's a milestone for tesla.ng, briefly topping $500 for the first time after oppenheimer boosted its price target to 617. china's government signal it continue to cut electrical vehicle subsidies as the same rate as last year. nissan is examining the possibility of breaking away from renault. relations between the partners have turned his functional since the ousting of former chief carlos ghosn. it is unclear how a separation would work. nissan'sis largest shareholder. and that is your business flash update. now, joe, this is a story that has been capturing people's attention. those people who watch tv and actually go to the leaf eaters because oscar nominations were announced. netflix is going to get two shots at best picture award with irishman" as it looks to become one of the big players in hollywood. it missed out on the golden globes because it did not walk away with anything of note. joe: they give nominations to websites? that crazy. scarlet: it is not a website. it is a movie studio. that made a lot of

tesla combined.r: i spoke with hall, who covers tesla. >> it is the only plant without agv. it sets it apart from other models. it's a wholly-owned tesla facility. they get a lot of funding from banks and the speed of construction really astounded people. a year ago it was like a muddy field, and now they are having a big party. a lot of chinese government officials were there. musk was dancing. taylor: take a look at a chart i'm showing inside my terminal. china is the largest market for ev's. they have some of the most demand. this really has been the bull in the bear season on the stock. can they actually capture that chinese market? is this the first step in what could really set tesla apart? >> in the middle of this trade war, having local production helps lower the cost. right now, tesla is assembling the cars in china. as more of the supply chain is localized, full on production will happen and then they can lower the cost to the consumer more. costs are still high compared to locally made car

microsoft and tesla gaining ground. it is really a broad risk off day. we are talking semiconductors for thethe declines philadelphia semiconductor index at the lowest level in almost a month. take a look at copper. it is seeing its record stretch of losses. we are talking 12 down days in london and of course this reflecting the sentiment out there when it comes to what happens with this coronavirus and global growth. take a look at what the markets in this metal would mean. the biggest consumer of the red metal right now is china, taking about 50% of its use. it is just followed by europe and in the u.s., which really do not compare. so the big question at the moment for the red metal is what happens to china's factories. of course they were away for the lunar new year holiday, but not with the coronavirus spreading across china, will they come back? until that question gets answered we may continue to see the pressure. amanda: a very interesting read from copper. we are starting to get reads for what that might mean for emerging markets. some of course

kpix's andria borba is live near tesla headquarters. she's in fremont with the story. >> reporter: well, in the fourth quarter alone, tesla delivered 116,000 cars off its assembly line to customers. analysts say this d coulbe for promises made, promises kept for electric vehicle maker tesla. for the first time ever they made their delivery goal. >> the answer is delivery of the vehicles. if you make a payment that you're going to deliver and stand by it, that's the winning of the game, and that's how he was able to capture the interest of the stock market. >> reporter: dr. fred barras says it all comes down to making good on promises for the electric vehicle maker. he says the stock price was also goosed by the opening of the new factory in china. >> demand in china is huge. >> i love it. you save on the gas prices. >> reporter: even tesla customers had to wait to get behind the wheel. but that looks to be ending as production speeds up. >> had to wait over a year. the second one is fine, yeah. delivered on time. >> reporter: all these

however in a blog post tesla maintains quote there is nounintended acceleration tesla says its investigated every single incint where a driver maintains this kind of thing happens and they determined it is not true quote the car accelerates if and only if the driver told that to do so and it slows or stops when the driver applies the brake. >>back live in pleasanton the identity of the driver has not yet been released. we can also tell you that in addition to speed we'll be looking at other factors such as whether drugs or alcohol pyed a role in all of this the autopsy is still pending live in pleasanton dan kman kron 4 news. >>thank you dan also in the st bay police in are investigating a double shooting at a shopping center happened about 7 30 last night near the starbucks. at the reams shopping center talk moraga road usually very quiet area. police say they found 2 shooting victims in a car. at the shopping center. the victims or witnesses told officers that the suspect had run aw from the scene officers eventually caught the man they took him into custody. the victims are expected to b

shares of tesla soaring. the electric car maker delivering a second straight quarter of blowout earnings and speedy executions. record revenue beating estimates. esther musk is speeding up the introduction -- mr. musk is speeding up the deliveries of the new model y in march, months earlier than expected. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm viviana hurtado. this is bloomberg. guy: thank you very much, indeed. viviana mentioning what is happening next week. we will bring you special coverage of the iowa caucuses. it is going to start at 10:00 p.m. eastern time monday, february 3, live from des moines. tuesday, we will carry president trump's state of the union address at 9:00 p.m. eastern. great coverage coming up. this is bloomberg. ♪ ♪ alix: live from new york, i'm alix steel. guy: from london, i'm guy johnson. this is "bloomberg markets." alix: we went to get a check on the markets with abaco too

tesla releasing q4 delivery numbers this morning phil lebeau is live in chicago with details for us.an, these numbers are better than many expected. most expected 104, 105,000 for fourth quarter you look at tesla deliveries, the bulk were model three and more of model 3 than expected. total is 112,000 for the full year of 2019, tesla did meet its minimum guidance of 360,000 vehicles delivered the total coming in at 367,000 vehicles delivered in 2019 we'll get the 2020 guidance when the company reports earnings in the next four to five weeks. in terms of how much impact china played in 2019, very little but they have opened the plant, built about a thousand vehicles, what they call saleable vehicles public deliveries, already delivered some to tesla employees there, but public deliveries start in china next week as you look at shares of tesla, the stock getting a bit of a move higher today on news that it did exceed expectations but really, what's pushed the stock higher, mike, has been the expectation that china along with the model y and margin potential, ability to grow margins wit

tesla is made in china moment.musk is shanghai as the consumer rollout of vehicles gets underway. ♪ welcome to "bbg surveillance." i'm francine lacqua in london. these are your markets. a defiantly optimistic mood is

apple is 14 times the market cap of tesla keep in mind elon musk owns 20%, 25% of tesla so the available shares are not even the full market cap all this is to say is that the activity is becoming very intense and frothy the stock is down 25% off the day's highs. so obviously it is consuming pretty much all the available energy that it has i think in the short-term nothing says there's a certain level or number of days it can't go on for. but it gives you an idea of how much hot money has been going through right now and it probably doesn't last this long for too long. >> is the term of economics for something that's anomalous called a good that's something that the consumer demand for it actually increases as it goes up in price, which flies in the face of typical supply and demand curve it seems like the higher it goes, the better is odds are people feel that the company is going to be fine financially, which is what the big bear case was two years ago. so the higher it goes, the more people want in, which is i guess something we've seen before. >> of course, josh i mean, we're long be

because coming up, tesla with elon musk dancing.k down the company's asia ambitions with gene munster, that's all next. this is bloomberg. ♪ taylor: earlier this week, tesla ceo elon musk had something to celebrate. tesla has kicked off production in china and the company handed over the first china made model 3 to the public. and now tesla's growth potential in the country is exciting wall street. rounding up the week, analysts boosted their price target by more than 30%. still with us is gene munster of loup ventures. so, gene, i have to ask, again, as you sort of saw that big jump in china and the big success in china, is that why you had predicted, or were they more successful than perhaps you thought they would be? gene: it moved faster than what i thought. they had set that expectation of the gigafactory in china to be producing cars by the end of 2019. just given tesla's history of missing its targets, i expected that to be sometime in the first quarter. even at that, they did it in a year, which is remarkable. give them cred

well, within the last half hour tesla are reportedly saying that in every case where tesla has a vehicle'sa, it confirmed that the car operated as designed. when the news broke friday, it did slow down tesla's record run, but shares are still up more than 22% since january 1st. closing just above the $510 mark on friday. u.s. stock and bond markets are closed, yes, you know that, for the martin luther king jr. holiday, but the rest of the world is off to the races. japan's nikkei edging higher ahead of the bank of japan's two-day policy meeting. we had the china shenzhen market jumping more than a percent and the shanghai composite moving higher. and the hang seng in hong kong, of course, closed lower by just under 1%. to europe, germany's dax up slightly while the united kingdom's ftse100 finished lower as business leaders gather in davos, switzerland. brent crude is trading above $65 a barrel today, touching its highest price since january 9th. higher than $66 a barrel. two large crude production base withs in libya have been shut down due to a military blockade. you have at this moment

plus, tesla delivers. the electric carmaker with a record amount of deliveries, but will the tesla turnaround continue? and price targets for apple raised to $300 per share. rbc and bank of america. we will discuss the optimism of iphone sales in the holiday quarter. but first, to our top stories. a u.s. air strike that killed one of iran's top military officials. in the wake of the attack, the director of the u.s. cybersecurity and infrastructure security agency, heeded warning urging the public to brush up on iranian tactics in order to pay attention to critical systems. to discuss, we are joined from boulder colorado by tom telemann and in studio bloomberg reporter. want to start with you. thank you for joining us. i often read that iran will respond to our sanctions and sometimes it has been the in and increasingly, it looks like it is cybersecurity. do you see increasing cyber security threats as you have been covering them? >> i think there has been persistent threats. i think most organizations are

i wonder if it is soon enough to catch up to tesla. if they think they will be successful there. craig: that's a great question. the idea that this is essentially two companies that are inexperienced in bringing electric vehicles to market does raise questions about whether it's too little too late. it's also worth pointing out that there are a lot of electric vehicle joint ventures in china that we don't hear a lot about because they don't do a ton of volume. they are essentially pumping out compliance cars to allow for these companies to be able to -- to hit the tougher emission standards that car companies are being held to in that market. about when we think electric vehicles in china, one of the first comes to mind is china and the shanghai factory. could this venture pose a significant challenge to tesla? craig: we don't know yet what sort of volumes we are talking about. the venture still doesn't have a formal agreement. we don't know how big their ambitions are. we know that foxconn is a huge company and does serious volumes. a

tesla posting 105 million dollar profit.l bear when you look at facebook or apple's earnings yesterday. nothing in comparison. it shows up quite strongly. there is a real sense, they feel, that tesla is here to stay. because it wasn't making profits for such a long time. in the first half of last year lost about $1 billion. this is a very significant turnaround. they have made profits for the last two quarters. there are many naysayers out there with respect to tesla, there has been a loss of, of course, social media talks about the crashes that have happened, and this article actually suggests that some of the short sellers, people who expect the stock to go down then go short on them, that they have been amplifying the stories about the crashes have been on social media, so thatis have been on social media, so that is an interesting take. there have been crashes. the regulator has been interested in that. and therefore there is still a lot of talk about is there a current move up in prices, in share prices, is a justified

. >>> and tesla's starting off 2020 with a bang. the boost it's giving the company on wall street. >>> showers moving back for part of the weekend. i'll have the details and the timeline. plus, why you might like these storm systems and the timeline. and when it's going to move in and move out. i'll explain all that in about eight minutes. >>> well, they're accused of stealing cars across the bay area. these two men are behind bars tonight. police arresting them yesterday. police say they caught the men red-handed, stealing a car near grant road and el camino real. that duo is responsible for taking at least eight cars in san jose, sunnyvale and mountain view. >>> an environmental agency says we should create more eco-friendly habits. they are urging restaurants to do something about plastic serve wear at restaurants. >> reporter: stop waste in oakland is a public agency that works with the cities in alameda county to reduce the amount of waste that goes to landfill. the agency is currently trying to figure out how interested city l

the parallels between rahim and tesla are extraordinary. mostert hada good but not a remarkable college career and went undrafted and bounced between five different teams n. 2017 he rejoined the niners and saw legitimate play time even if his production wasn't quite there yet. by 2018 he put up fantastic numbers and you could have stolen him in the draft. he's done so well now. just broke out nine days ago when the niners took the packers in the championship. kevin coleman went down and mostert had to carry the offense and boy did he deliver i carried the ball 29 times, a total of 220 yards anz four touchdowns and setting records along the way. it was stunning. cometh the hour, cometh the man. not just because his playing is electric sorry, hi to do that here is a company that had been plagued by skeptics for years. the stock felt like it was in a rut like hrahim. skeptics have turned into believers overnight. what happened. tesla reported maggent -- magnificent and they delivered a surprise profit and the stock hasn't looked back since it

tesla surging past estimates pushing further as a result. on the flip side, investors unfriending facebook as its growth slows to a crawl. it is thursday, january 30, 2020 "worldwide exchange" begins right now. >>> good morning and welcome to "worldwide exchange. i'm courtney reagan in this morning. stock futures are pointing to a lower open after a down day yesterday. right now, the dow is set to open lower by 130 points we are off the session lows of the morning. this comes as investors prepare for the busiest day of the earnings season. nearly 50 s&p 500 companies are set to report including amazon, verizon, visa, coca-cola and ups. a flight to safety for the bond market yield 10-year note under 1.6% at 1.567% the 2-year at 1.477. we are watching crude taking a turn for the worse wti is under $53 a barrel. trade being felt worldwide with asian stocks falling deeper. pain being felt in europe in early trade. team coverage watching market reaction willem marx in our london news room matt, we'll start with you >> reporter: another sharply dr

will tesla's record rally hold strong what do you think?never know what to look at this as. is it a battery company, is it a car company? was it a going out of business company? is it the sec company? that's what we're worried about slaps on it. and all that stuff seems to be sort of analogous to the overall market it shook off a lot of different headwinds, and right now, technically, the stock is just helium and i see overshoot levels of around 500 to 520. every day we come in with another tailwind, makes me more confident we'll get there. and when you look at the relative strength index, the way when it's overbought, it works it off, really, really quickly and just ratchets right back higher again >> i mean, listen, i have said it countless times i thought this would stall in the $320s or so, and here we are pushing to the levels steve just talked about on seemingly nothing except a lot of hope now. i think the headlines from china, a lot of the china headlines regarding tesla, i think that's a lot of this people are getting jazzed up may

it's actually a larger ev maker than tesla is in china.ite as cool looking and we are going to go out with carlton's pick. >> 's picking this sports betting team are going for diamond eagle. it announced last month it's going to. jack: not making money yet, but a lot of potential out there. >> a lot of potential, it's a bet, deafly about. jack: thanks for those ideas to remorse out this weeks of barron's.com different files on twitter at barron's online, that's all for to kill that. we have a lot coming on next week, i'll see you you here, have a good weekend. >> from the world economic forum and davo switched on here is a special edition of maria wall street. maria: happy weekend everybody welcome to the program the looks of the week it was in position you for the week ahead. this week coming to the world economic forum here and davo switch on. a big program weekend just a few month my one-on-one interview with donald trump we talked about his priorities for second term as wells get his reaction to the senate impeachment trial underway. t