they've looked at tesla as the standard to follow. uses his bicycle as often as he can he wants to see more small vehicles like this one but many drivers aren't convinced people often want big cars and status symbols how can we stop that habit. but it's something that has to end there are sound options out there that are modern and now enjoy widespread acceptance like car sharing. the former greenpeace activist even says certain gasoline powered cars could be an option like this by converting to low consumption 30 years ago. taken this development a step further and smaller and lighter cars with state of the art combustion engine technology. we can now have small but city cars. will likely meeting just one and a half liters of fuel per 100 kilometers. that would have helped to minimize the problem is still there. but even a leader and a half is too much if we're serious about ending our dependence on fossil fuels and while one of the big selling points for e-cards is that they help reduce harmful greenhouse gas emissions is still a se

tesla basilan musk is something of a star in germany. tesla says it will employ $12000.00 people at this gigafactory labor unions generally welcome job creation and musk may be a visionary but in the united states tesla is known to play hardball when it comes to workers' rights. you know this is a very top down company so what do you i must want you know i'm i think usually gets and he's been very clear that he does not want does not want a union. like here in america my hope is that the laws in germany are better or stronger and will out for a better relationship between unions and cashflow to keep cattle and check to make sure that they're following safety protocols and they're not cheating workers out of wages and stephen smith tells me that as his factory in fremont california tested pays workers on the assembly line between $15.00 and $25.00 an hour whereas other comic has pay 3 times as much whether the fans include high i don't know about that or not they're certainly impressed by the speed with which the new factory is taking sha

they've looked at tesla as the standard to follow. uses his bicycle as often as he can he wants to see more small vehicles like this one but many drivers aren't convinced people often want big cars and status symbols how can we stop that have it. but it's something that has to end there are sound options out there that are modern and now enjoy widespread acceptance like car sharing. the former greenpeace activist even says certain gasoline powered cars could be an option like this he had converted to low consumption 30 years ago. we've taken this development a step further and smaller and lighter cars with state of the art combustion engine technology. we can now have small city cars. likely needing just one and a half liters of fuel per 100 kilometers. that would have helped to minimize the problem is still there. but even a leader and a half is too much if we're serious about ending our dependence on fossil fuels and while one of the big selling points for e-cards is that they help reduce harmful greenhouse gas emissions it's still

why is this a teflon tesla if you will >> tesla represents a couple aspects people love.ology but also something that you can relate to everyone owns a car. and this is a beautiful car that works fantastically well it is created by a company and a ceo who represents innovation, charisma, and it has a huge sentimental value to investors it is the opposite of course of the reopening trade. so if you want to talk about having a balanced portfolio, you can own some tesla and then you can own airlines and cruise ships because it gives you an opportunity to participate in what has worked so far in this rally. and remember, tesla traded up to about where it might trade today on september 1 right before they split the stock, then it traded down about 20% and now it is coming back up and if they can continue to earn money and we can value it, it might be the sort of name that we would own of course i wish we did given the statistic you just gave us but you can't own all the stocks >> it is easy to look smart after the fact you trim some of your big tech, tell us about fortiv and v

tesla does not do traditional advertising, they rely on word-of-mouth, they rely on existing tesla ownersg up how good their cars are. these build quality issues will hurt them if they do not fix them. on the covid side, elon musk says he has recovered fully from a mild or modest case of covid, we don't know him and more -- much more. we know he was a skeptic of covid-19 earlier on, but he has been quite vocal on twitter questioning how the virus is spread, how dangerous it is, and the infection rate itself. we know if he had it or not, he feels he has recovered. emily: thanks so much, ed ludlow in san francisco. coming up, yup ceo talks about how millions of small businesses are grappling with the pandemic, one aspect may surprise you. his comments from my latest studio 1.0 airing tonight, a sneak peek next. this is bloomberg. ♪ emily: the pandemic has caused tens of thousands of small businesses to suffer amid lockdowns and continuing travel restrictions, nearly nowhere else is this picture more apparent than on the consumer user review site, yelp as it serves as a kind of barometer for

tesla basilan musk is something of a star in germany. tesla says it will employ $12000.00 people at this gigafactory labor unions generally welcome job creation and musk may be a visionary but in the united states tesla is known to play hardball when it comes to workers' rights. you know this is a very top down company so what are you on musk want iran mask usually gets and he's been very clear that he does not want does not want a union. like here in america my hope is that the laws in germany are better or stronger and will out for a better relationship between the unions and castro to keep counsel and check to make sure that they're following safety protocols and they're not cheating workers out of wages and stephen smith tells me that has a factory in freemont california tested pays workers on the assembly line between $15.00 and $25.00 an hour whereas other comic has pay 3 times as much whether the fans include high i don't know about that or not they're certainly impressed by the speed with which the new factory is taking shape. ju

full speed ahead for tesla.he electric carmakers set to join the s&p 500 next month as its biggest ever new member. the bloomberg new economy form, bill clinton says xi jinping's long-term rain has upended relations between china and washington. happy tuesday and welcome to "bloomberg surveillance." this is what the markets are looking at. the focus is firmly on the vaccine trial data out of moderna yesterday. the focus is of course on the fact that we could have a vaccine quicker than expected simply because it is the second trial data that is better than what analysts and watchers were thinking. this global stock rally powered by hopes that the vaccines will bolster economic growth was paused, partly because investors are weighing the spread of the virus. i think investors are also looking at valuations. and also, there is a bit of profit taking getting underway. inla jumped more than 10% after hours trading after the announcement that it will join the s&p 500 index on december 12 . in other asset classes, tre

they've looked at tesla as the standard to follow. uses his bicycle as often as he can he wants to see more small vehicles like this one but many drivers aren't convinced people often want big cars and status symbols how can we stop that habit . when it's something that has to end there are sound options out there that are modern and now enjoy widespread acceptance like car sharing. the former green peace activist even says certain gasoline powered cars could be an option like this he had converted to a low consumption 30 years ago. taken this development a step further and smaller and lighter cars with state of the art combustion engine technology. we now have small that city cars. are likely needing just one and a half liters of fuel per 100 kilometers. that would have helped to minimize the problem is still there. but even a leader and a half is too much if we're serious about ending our dependence on fossil fuels and while one of the big selling points for e-cards is that they help reduce harmful greenhouse gas emissions is still

jack, tell us about tesla.s company will go into the s&p 500 index as the largest freshman ever to enter that class. >> yeah. just in time for christmas. if you've been agonizing over whether to buy tesla, you don't have to worry about it anymore, you're getting it whether you like it or not in your s&p 500 if you have one, and everyone has one. tesla will go in as the seventh largest company. this is what happens when a stock goes up every day and for years you say, ah, that company doesn't deserve to go into the index yet, it's a flash in the pan, ignore it, ignore it. by the time you have to add it, it's humongous. s&p might have to add it in pieces, the stock market value's $470 billion at this point. if you ask why all the excitement over tesla if you haven't been following it closely, morgan stanley had a report out recently that said if you look at gm who's been a player in electric vehicles for decades, they think by 2030 that gm might sell a million electric vehicles per year. and if it does, by that p

. >>> breaking news on tesla, now with the details. >> the s&p 500 is going to be adding tesla to the index. this is a move that many expected after the company posted a profit in the second quarter but now they're doing it following a tesla reporting a profit in the third quarter. so now you have tesla joining the s&p 500, a move that many expected about three months ago but now they're going to be included and this is why you have a stock up 7 percent after hours. not an unexpected inclusion, but one people were expecting a while ago. now that it's happening you're starting to see a little bit of that pay back in terms of the shares moving higher after hours. melissa. >> wow finally the wait is over, thank you phil this is one reason why the stock ramped up over the summer we should note $11.2 billion was index for benchmark to the s&p 500 of that total less than half $4.6 trillion is actually index funds so they will have to buy tesla shares so that's fuelling the after hour session although the stock is short of the all-time high around $500. guy, what do you make of this? this wa

for tesla last year, it was like $24 billion.o you are just looking at the comparisons for some of these things, 24 versus 5$523 billion i understand that it is a growth stock, i understand that elon is brilliant, you see him shooting men into space -- men and women into space and that is awful great. but spacex is not part of tesla and if i had the choice of owning a piece of a business, i think i would take the walmart >> tesla is seen as what replaces internal combustion engines in the world >> i know. >> and you have -- kathy wood comes on and she's got, you know, a lot of really far -- they seem at the time to be hyper billion lihyp hyperbolic views ron has been right about it all along. >> and he's made a ton of money. >> almost went from the stone age to the drill age and we'll go from the internal combustion engine and henry ford and model ts and all that and we'll go into this, you know, emissionless future. and i think tesla has although dreams in the stock price. >> a lot to push through a stock. >> every stock is valu

says yes, it's going to be a race with tesla. wanted to know the fully electric vokes, wagon id 3 goes from 0 to 100 kilometers per hour in 8 seconds. the compact car starts at $36000.00 euros. it boasts a range of 360 kilometers and a top speed of over 200 kilometers per hour. this promotional video highlights the tesla model 3. the midsize car is the company's most inexpensive model, but still not available in europe. it has a bit more range, but cost $7000.00 euros more. with this id 3 and other models folks aims to break through the hype surrounding tesla, which currently leads the electric vehicle market in sales. in the eastern german city of speak, oh, v.w. is refitted an entire factory to produce electric cars. this is where the id, 3 and the new electric id for sport utility vehicle are built. for v.w., it's a worldwide offensive, but is it already too late? when it came to s.u.v.s, people ask the volkswagen group, aren't you too late? and i think we were just right back that the technology was mature and the many differ

tesla getting set to take off. and tesla is up 9 today. we're going to take a look at the growing musk empire. and booming sales at walmart and home depot but the stocks not getting that same boost today. "power lunch" starts right now >> welcome once again to power lunch, i'm john fort boy, it's hard to swim up stream in the amazon. cvs, wall green, right aid and dorsey and zuckerberg and ceos testify in front of the senate one bright spot in the s&p 500, cruise stocks as norwegian is near the high of the session for more on the market action, let's get to bob pisani. >> hello, john it's sort of a choppy, indeterminate day. the market can't quite decide what it wants to do today. we've had a great run in bank and material stocks. the cyclical names have done really well recently those are on the weak side today. tech is kind of flattish overall today here and then we had energy stocks and reits. so energy has been holding up very well today and so has real estate investment trusts on top of that. teak take a lock therok there there's the

tesla has been successful. tesla almost weaponize did share price. was able to raise more capital. that has enabled it to lift off. there was a time when tesla looked like it might run out of money any day. now investors are pretty confident. the way the car company is coming to market, they say they've raised enough money. is things are unpredictable in the auto industry. things could always go wrong, whether the need to recall vehicles, perhaps problems with needed supplies. very unpredictable. i am worried these companies could run out of money. they will have to cut back. if they're relying on the retail , that might bee a bit more tricky. kailey: is there room for everyone or is this market getting too competitive? chris: these companies are targeting very different sectors . people not looking at delivery vans or others looking at commercial vehicles. than the classic car company. i am worried there is a lot of competition. clearly markets will grow hugely. if you believe that combustion engine vehicles need to disappear fast to halt the climat

guy: tesla is lowering the car that competes with the p7.roblematic do you think that is going to be with that chinese produced tesla? brian: i think tesla is certainly a very worthy evpetitor for the chinese players, including xpeng. their model three is selling very well in china, particularly the domestic made model three. the phenomenon turbocharged market develop it for ev's because more and more gas engine drivers are switching to smart ev because i think the education provided by tesla and other players. we definitely welcome better products to be available in productnd we think our has certain advantages over the of its smartecause features, locally developed. catalyzesk it overall the conversion to the ev market much more quickly. alix: that is what most carmaker say about tesla, the diplomatic line. but at the end of the day, you still have to sell cars. can you sustain these profits if you are dealing with a cheaper model three and you still have to deliver to new models -- deliver two new models over the next few years? brian: we

ed: tesla may deliver 500,000 vehicles this year.on, toyota and vw will do 10,000 vehicles a piece. morgan stanley is looking beyond the vehicle and looking for the topline growth tesla could see, which is an area where they could lead in terms of robo tacxis. other automakers are looking at that space. in the future, there are other products that come along with electrification, the computing capabilities of these cars. there's a lot in the valuations that investors are finding in companies like tesla that go beyond producing cars with four wheels with a battery electric powertrain. taylor: thank you to bloomberg's ed ludlow. one day you will give hius more than just tesla on this program, but i love it. continue to stay with us because it is done with this edition of bloomberg technology. i'm taylor riggs. and bloomberg daybreak: asia is coming up next. this is bloomberg. ♪ ♪ haidi: good morning. we are counting down to asia's major market open. shery: welcome to daybreak asia. our top stories this hour. asian stocks set for gains

tesla overnight rallying more than 10%.musk getting 15 billion more dollars worth to his wealth jumping over mark zuckerberg. what a week it has been for elon musk. us put that in context for elon musk. great round up there. lovely numbers, set of data. i don't have this problem at the moment. my net worth has not gone up by 270%, but his has in the space -- let's have a look at it. here today. -- year to date. on rich go,ckerberg there is a function on your bloomberg. let us talk about the relationship between the united states and china. it is the lowest in a decade. you have a new administration set to take place in january. the top voices in business and politics are calling on both countries to reject unilaterally. >> a comparative approach to china was inevitable, but keeping it healthy and not pernicious is vitally important. that will not be easy. some cooperative to slide into catastrophe. the highest levels of diplomacy at an early stage, they can -- >> an open world economy that works for all. that safeguards a s

full speed ahead for tesla.s&p 500 next month as its biggest ever new member. the bloomberg new economy form, bill clinton says xi jinping's long-term rain has upended relations between

tesla is up more than 500% in the past year.in special guest phil lebeau for more on a big milestone but one that is kind of hard to believe just how big tesla has gotten and how valuable. >> well, just because it's happened primarily over the last three years. i mean, this stock went public ten years ago, and if you would have told somebody back then, look, tesla will be in the s&p 500 one day they probably would have scoffed at you for up to two or three years ago beginning of the model three deliveries real we sales took off those sales were important because with the sales came the ev tax credits which are then able to and have been able to sell to their competitors, and you'll hear the critics say, look, the sales of those tax credits, that's the only reason they were able to turn a profit over the last five quarters. i think it's a little disingenuous to say that's the only reason. one reason to say, okay, they made profitability and can be in the index but really if it wasn't for tax credits they wouldn't be there. >> yea

>> right, and so certainly there is going to be some impact of tesla coming in. it's the map going to come in relatively large and will displace some of the smaller names in the bench mark and there could be short-term volatility about it what we would suggest for individual investors is that are the scarcity in the market today is actually looking at long-term investments and investing for the long term. we think you could, if you will, fade it a little by taking advantage of the update and trimming a little and taking advantage of the big down days and adding but overall go back to asset allocation, go back to the idea of dollar cost averaging and have a good core position in index funds to give you broad market participation and add some extra value elsewhere whether it's through specialized index funds or through individual stock picking and those areas that you think have the bet growth possibilities over the intermediate term. the. >> all right so you can kind of ignore it as long as you have a long enough time horizon. retiring december 21. >> thanks for s

the next tesla is tesla.on why this company is what $538 billion capitalization and the stock is up 600% for the year tesla is the most popular electric car s on earth the promise land it was not easy. so far many tried to build a better electric car. they all failed. elon musk had been at this thing for 17 years tesla does not need to advertise it in an industry. i think ford actually can pull it off they're rolling out the electric persi version of f-150 truck but it is not until 2022.insane i am skeptical like candy technologies. n nikola's stock has been making a come back after an important and positive change imagine. today it got down at 21% it was lot worse than what they negotiated for the fraud charges. a little downside, i would say right now nikola is a little risky. the change in management is a good thing i am getting nervous of plug power. i am starting to get a little nosebleed. not enough organic orders. it is hard to think this stock gotten way ahead of itself especially of the organic last

they have gotten a boost from tesla this year.usk, his net worth has risen more than $100 billion this year. three-quarters of his wealth does come from tesla. the stock is valued over 400% this year. he still trails amazon's ceo jeff bezos for the top spot, but at this point, anything is possible considering what has happened to this stock and for this man, elon musk. we will see where he goes next year. back to you. liz: yeah, he's one of those if you can dream it, you can do it. and he is doing it. i remember when they were thrilled to get 24,000 deliveries per quarter. now it's 500,000 for the year. unbelievable. we will be watching for that number. thanks, cheryl. cheryl casone. >>> all right. so what are we talking about? an all-out street fight broke out in the pharmacy sector last week. amazon pharmacy knocked some of the biggest names in the drugstore sector to the mat, but coming up, one of those opponents who took a bruising last week, yeah, goodrx, is here. the co-ceo doug hirsh on why he's not worried at all about ama

tesla goes up, let's buy tesla hydrogen, let's buy hydrogen it is like they are herd animals.hey are herd animals. hey, you know what, the steelers are in first place, buy the steelers that's the way they think! they do. >> it is working for them. >> it is -- that's my point. that's my point, the s&p 500 is old-fashioned to these people. >> it was a number of months back we all thought, well, we'll watch this new cohort drop off, but they haven't >> they're more involved than ever and they're smart and, carl, they're fun. they love it they love individual stocks. even though we think they only love indices, they love stocks and i think it is fantastic. >> we hope it works out for them, guys we'll take a break more to get to with the opening bell in ten minutes. don't go away. with this seal, this restaurant is committing to higher levels of cleanliness. ♪ ♪ ♪ ♪ the expertise that helps keep hospitals clean, is helping keep businesses clean too. look for the ecolab science certified seal. shall i put her in snow mode? nope! what about off-road mode? nah. sport mode it is. let's

you can see tesla has a crazy -- crazy high valuation right now.s the enter the s&p 500 biggest ever company to enter into the index. not only does tesla separate market cap exceed all of them combined, but there is now a question about valuation. 500,000y have developed vehicles this year, but look at developed 600,000 in one month alone. the change is folk -- the chain is focused on the growth strategy, and top and bottom lines of tesla reflect the valuation. vonnie: so it is a balancing act for investors, the fact that tesla gets into the s&p, does that bring up questions? ed: there are crosscurrents of play here, vonnie. a number of index tracking funds, some mutual funds, will have to sell tens of billions of dollars of their existing s&p 500 holdings to make room for tesla stock. it is also a liquidity right. they're looking for an exit, and now they know they are -- there are buyers out there for them to do business with. we know the s&p dow jones committee is thinking about whether it will be one go or two separate pieces given the scale of

what gets tesla to 1000? dan: it's all about china.e are at an early inflection of demand, with what we are seeing in the china opportunity. 4% penetrated today. 10% in the next two to three years. tesla in terms of where they are positioned, see where the dots are -- not just in china, but in europe. we could be looking at a million units for tesla in 2022. that is why in the ev market right now, it is tesla's world and everyone else is paying rent. taylor: what about competition? ford, gm? dan: this is going to be a transformational opportunity for many players. when i look at gm in particular, that is one that has a big opportunity to be a success. of course come in china, byoc, and some of these others, look at the overall ev market, it is not just going to be one winner in terms of tesla. competitively they will narrow the gap. and fremont are 18 to 20 from whence ahead of any competitor, although you look at what gm is doing, that is an interesting thing domestically in terms of competition. taylor: dan, you also cover vmware. --

the comparison of the two, i would have to go with tesla. i continue to see the growth and potential and data and the different sides of it. i think it is a tech company more than a car company. if you put me in the box, i am going tesla. >> hospital stocks, why one may be the cure for your portfolio >> a company that got burned on its earnings results yesterday ♪ you can go your own way it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get 5g included and save up to $400 dollars a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile. >>> welcome back to "fast money. the supreme court hears argument regarding obama care there is betting that hospital stocks could have a lot to gain or lose. mik

look at these gains in month, nio up 75% tesla, up 43%.ou watch cnbc, we introduced you to arsimoto years ago. it was a lot of fun and these stocks are soaring because people talk about the future of transportation and the lack of fossil fuels but even as electric cars get all the media love, guess what else has been quietly red hot this month oil and gas stocks in fact this month occidental up 83%, northern oil and gas 82%, and little old sm energy is up 185% this month. of course you can say it is a bounce off extreme lows and you would be right, but hey, november 2020 will go down as the month humanity may be saved by vaccines also the month where they say the industry can't be saved. oil and gas trumped the future of fuel. random but interesting and very profitable >>> back to the futures. just one day after dow 30,000, something could happen that could perhaps suspicious us over the edge even more, a flood of new economic data. today jobless claims, gdp, spending, consumer sentiment, october new home sales just to name a few let's bri

really appreciate it >>> speaking of tesla, despite the huge run in these names, electric vehicle are the most shorted right now, tesla is the shortest even though the stock has risen 650% this year and nio down today. and brick and mortar getting crushed today after the online black friday results come in we'll discussion all of it when "power lunch" returns. ♪ should auld acquaintance be forgot ♪ ♪ and never brought to mind ♪ should auld acquaintance be forgot ♪ ♪ and auld lang syne ♪ we'll take a cup of kindness yet ♪ ♪ for auld lang syne next customer please. ♪ ♪ it's moving day. and are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? delegating? oh, good one. move your xfinity services without breaking a sweat. now that's simple, easy, awesome. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. >>> welcome back, everybody. i'm sue herera arizona has certified joe biden is the winner in the state's p

the morning move this morning is tesla. the news is sending stocks soaring even as the rest of the market traits down. we expect a decline of 250 points at the opening this morning. ryan, thank you and we will see you tomorrow, everyone. "varney & co." begins now. stuart: good morning. make no mistake if a corporation got a grip on the virus locked down and just as operations successful, profits are good, revenue really good case in point walmart did well because their online selling shows spectacular growth. pickup and delivery are the way to go, same-store sales up 6%. the stock has turned slightly south. home depot same-store sales up a huge or 21%, but they are extending their pay to frontline workers of an annual cost of a billion dollars and that's why the stock is down. down 1.6%. tesla, the stock that's going straight up and it has nothing to do with the virus. tesla, 500 index meaning a lot of money managers have to buy the stock so up it goes and by the way the gain of $53: 13% makes elon musk the third richest pe

abigail: today, tesla right in the middle of the pack. it is this seesaw.f tech were to drop, that could really be an issue for the broader market. energy is only about 2% of the market. a very healthy, broad-based rally on the day. taylor: abigail doolittle, always appreciate your insight. after weeks of inaction, the chief of the general services administration acknowledged monday that biden was the "apparent winner" of the election. the trump legal team also suffered fresh setbacks. gregory, talk to me a little bit about that transition. in the 1:00 hour today, getting key updates. >> after three weeks of a delayed transition because president trump refused to concede losing to president-elect joe biden, now we are off to the races and we have a transition that looks like a healthy transition. biden formally putting forward some members of his transition team. beginning to hire people. and we got word this afternoon that president trump has signed off on president-elect biden receiving the president daily briefing, which is the most top-secret intelligen

there's the performance for the year of tesla. the reason they reported their fifth consecutive quarter of profit, $8.77 billion and they reportedly delivered 139,300 vehicles during the third quarter. that was a new record for the company as well. on that news you mentioned this, liz, most ev stocks got a nice boot. lordstown, ticker symbol ride, that stock up more than 9.5%. but this is kind of i guess the tide that lifts all boats, if you will, or whatever, the reverse of that. i forget how the saying goes. there you go. all the boats and cars are getting lifted. it's fun to watch. it's fun to watch. liz: yeah. the rising tide of course. fisker, henrik fisker worked at tesla. that's an interesting one. he's been on the show. we will be watching him. he went public via spac. again, it's a crowded field but maybe it's the future. we are watching it. cheryl, thank you. >>> all right. dow jones industrials down 188. the elf that just can't stay on the shelf. from new star powered relationships to going big on social media, the ceo

the tesla will last a little longer.sue is sometimes they forget to plug them in after the shift. >> the tesla headquarters manufacturing is right there in fremont. thanks for joining us. lester holt is next. >>> tonight president-elect joe biden blasting president trump for challenging the election as president trump escalates his efforts to overturn his defeat, biden calling him one of the most irresponsible presidents in american history and the dueling messages on the pandemic the white house task force holding its first briefing since july but the president not taking part. and what biden sai about potential legal action of his own to force the president's hand. >>> the new cdc warning, americans urged not to travel for thanksgiving as covid surges and hospitalizations hit a new record. >>> dr. fauci on

this promotional video highlights the tesla model 3. the midsize car is the company's most inexpensive model, but still not available in europe. it has a bit more range, but cost $7000.00 euros more. with this id 3 and other models folks wagon aims to break through the hype surrounding tesla, which currently leads the electric vehicle market in sales in the eastern german city of speak, oh v.w. is refitted an entire factory to produce electric cars. this plant alone can produce $300000.00 electric cars annually. it could soon overtake tesla's total production. v.w. is known for its combustion engines, but will the company be willing to convert more factories for electric vehicle production? we are already planning our next factory ended will also be able to produce electric models including the id in china. it will be extremely fast as always v.w. is aiming to be climate neutral by 2050. it has been equipping combustion vehicles using similar modular systems like this one for a long time. modular construction of many car brands under on

by the way, keep an eye on tesla this morning we're off the morning highs.e were up 11% now at 7% about a one week high now at $438 as they will make s&p 500 inclusion next month and elon musk now the third wethstern t wld we're back in a minute hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the cost. next, let's look at a medicare supplement plan. as you can see they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance, but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look a humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office visits, and medicare deductibles are covered. and,

it's the answer to tesla model 3, but at a lower price. yeah. it was known for its combustion engines. but will the company be willing to convert more factories for electric vehicle production? we're already planning our next factory. emden will also produce electric models, like the i.d.f. so we still have some breathing room in china. it will be extremely fast as always . factories will be springing up like mushrooms, modular construction of many car brands under one roof has been a key driver of b.w.'s worldwide success. the company's been making combustion vehicles using modular systems like this one for, a long time. now it's using that system to produce electric cars to b.w., same, to be climate neutral by 2050. when the going gets tough, you need a tough call. it's a toyota. most of the car in the world. the reason why it's so fascinating, this car makes you dream, dream about adventures and wilderness highlights is one of the last wheel expedition cars out there. the european market for pickup trucks is growing rapidly in 2015, around 25

this promotional video showcases the tesla model 3. the company's most inexpensive model, which is heaps faster and has more range, but costs $7000.00 euros more than the v.w. . with the id 3 and other models both stock and is aiming to catch up with tesla, which currently leads the electric vehicle market in sales. in the eastern german city of speakout, b.w. has refitted an entire factory to produce electric cars. this is where the id 3 and, the new electric id for sport utility vehicle are made. for v.w., it's a worldwide offensive. but is it already too late? i says on what it seems to s.u.v.s people asked the folks back in the group on chichi late and i think we were just right back down. the technology was mature and the many models just develop faster with those with whom and because this plant alone can produce 300000 electric cars a year it could soon overtake tesla's total production books. book the headquarters of the world's largest car maker. the it produces the id for, for the fast growing s.u.v. market. the compact id 3

at tesla headquarters in palo alto, california it it's 11:00 a.m. on wall street "squawk alley" is live ♪ >>> good tuesday morning i'm jon fortt with carl quintanilla back again it is a busy day on wall street with the dow hitting an all time high making another run at 30 k. that comes as president-elect joe biden is reporting tapping former fed chair janet yellen to run the treasury department. tesla is continuing the record run now topping half a trillion dollars in market cap. making elon musk the world's second richest person on paper and apple making another concession, carl on app store fees a lot going on >> yeah. we talked about that early moving being the small crack that starts to widen as for tesla, i mean, whether it's some of the reports about a hatch back in europe or longer range vehicles or just enthusiasm over the ev space as we gheet into a biden administration on top of the gm news yesterday, jon. so there is a lot happening in the ev space and then more bullish news headlines regarding the chip cycle for apple. >> we have thanksg

it could soon overtake tesla's total production. volves book, the headquarters of the world's largest car maker of produces the id 4 for the fast growing s.u.v. market. the compact id 3 is intended for customers with a more modest budget. it's the answer to tesla model 3, but at a lower price. yeah. it was known for its combustion engines, but will the company be willing to convert more factories for electric vehicle production? we're already planning our next factory and in will also pretty selectric models like the i.d.f. . so we still have some breathing room in china. it will be extremely fast as always. factories will be springing up like mushrooms, modular construction of many car brands under one roof has been a key driver of b.w.'s worldwide success. the company's been making combustion vehicles using modular systems like this one for a long time. now it's using that system to produce electric cars, b.w. same to be climate neutral by 2050. i when not going gets tough. you need a tough call. it's a toyota, one of the most a c

it's the answer to tesla model 3, but at a lower price. yeah. it was known for its combustion engines. but will the company be willing to convert more factories for electric vehicle production? we're already planning our next factory and, and we'll also produced electric models like the i.d.f. . so we still have some breathing room in china. it will be extremely fast as always. factories will be springing up like mushrooms, modular construction of many car brands under one roof has been a key driver of b.w.'s worldwide success. the company's been making combustion vehicles using modular systems like this one for a long time. now it's using that system to produce electric car, b. w. games to be climate neutral by 2050. when the going gets tough, you need a tough vehicle. it's a toyota, one of the most a car in the world. the reason why it's so fascinating, this car makes you dream a dream about adventures and wilderness. the hummocks is one of the last we'll expedition cars out there. the european market for pickup trucks is growing rapidly. they

>> i took a road trip across country in my tesla.is a state having a moment right now. [ cheers and applause ] >> jimmy: right, home to joe biden. >> he, aubrey plaza and i being the most famous people from delaware. >> jimmy: i have news, neither of you were there already, he was the vice president before this. >> i know, i know, but i have a, i'm from delaware. i have a small beachhouse there and i kept thinking about how badly i wanted to be there. >> jimmy: oh. >> and this idea of driving across country in an electric vehicle which, you know, four years ago wasn't even a possibility that got me super excited. i hopped in the tesla, and i allowed it to dictate my path. you want to hit the super chargers. if you don't hit the super chargers, you are sitting for a longtime. >> jimmy: i know this, i learned this the hard way. [ laughter ] >> how so? >> jimmy: my wife has one of those teslas. we miscalculated. eye tell you a sneaky thing they do. >> what this. >> jimmy: on the super charger, if you put your destination in the car, it

you're not a tesla analyst, i get it let's use tesla as an example.erprise value to sale just one metric. i use other metrics but they don't make money i'm not picking on those companies. do valuations matter in certain segments they mattered in 2001, didn't in 1999, do you worry that parts of tech have gotten way too hot >> well, you know, you asked a lot in there, sully. and so valuations absolutely do matter to a certain extent but this market and over the past couple of years as a lot of things have been running heavily on emotion i'm not saying that's the case in tech. i want to be very, very clear. we are in the midst of what i would like to call a digital transformation if we're being honest our world has now integrated tech the same way that we do toothpaste and soap. i'll use that as an example for you there. we're in the midst of a digital transformation and that will continue to propel the growth in this market. that doesn't mean that value stocks aren't going to do well, doesn't mean that banks aren't going to do well because you look at w

tesla up 9%. shares of pharmacy giants are under pressure after amazon said it was jumping into the prescription drug business bowe is off a little pour than 100 points nasdaq and s&p clinging on the gains. >> coming on today's show, retail earnings season full swing. shares of cole's are higher after topping eps estimates this morning. we will talk with the ceo. plus, as the u.s. is seth coronavirus records we will talk with dr. eric gooseby. all of that still to come. first let's focus on the big stories today. mike santoli is tracking the market phil lebeau has more on tesla's spree into the s&p 500 and we will talk about the pharmacy space and amends's move into it. mike santoli let's start with you. >> it was the morning was off the lows a mild pullback. market seemed like it needed to cool off and rest for a day. right now riding the upper rail here we close at a record yesterday remember that. above 3600 working below week ago monday's high hard to tell whether that's going the matter or no