tesla down 17%, 18%. the whole ev stock under pressure, the new company canoe under an fcc investigation we don't know a lot of the structure of the put strategy here and know how treacherous to bet against tesla, at least in the long term, absent various windows where selling did come in >> bernie might himself know that first talking shorting tesla back in december and talking down the whole speculative environment in stocks since the fall granted, speculation has been a story for the early part of 2021 so that has continued to run, despite what has been said now tesla is back down to levels it was in december when he first started talking about shorting it maybe he sees advantage in upping that up now deirdre, seems risky i mean, it's not like tesla trades on car fundamentals anyway we see elon musk's power, at least at the moment to move all kinds of securities. i mean, moving bitcoin, which is moving coinbase. moving dogecoin. i don't know >> very busy man he's very busy calling michael burry the big

tesla is more of a cult phen phenomena. the cars, the vehicles, the electronics, the founder are all popular. but ford is a staple we're in late cycle in equities and ford is a name with 13 pe. although it may be over bought temporarily based on the past trajectory, it's earnings and revenue was hurt from covid. i think they enter and compete and ford is a winner from flight to quality as well as the cult versus cultural importance of ford to american families. >> so your kid will drive around in an electrified soldier not a cyber truck. >> my grandchildren will be electrified soldiers i think ford will take flight here i like gm as well in the past. i think ford's got two platforms versus one with gm they got the commercial vehicles they got a mustang eev to run - >> karen, how do we think of the pull forward effect when it comes to what's priced into these auto stocks. >> yeah. we've been talking about peak auto for a long, long time we saw peak auto and it dipped down a little bit. we saw another sort of mini peak but i

that will make it harder for tesla to grow in europe. you know. locals near the new plant are watching closely to see what happens next environmentalists are worried the plant is located inside a water conservation area the local economy though is in need of a growth spurt the population here has declined for years as people move away for work. take. the high tech automotive industry means more industrial jobs they need all sorts of industrial suppliers the plant will attract service providers and that's an opportunity for mid-size companies to fill orders and take part in the project this specialist is also hoping the factory will bring him business to now he's visited the gigafactory for the 1st time he's hopeful he can secure a contract with the american e-car maker. and finally for those with a little spare change and some wall space to fill christie's is holding its spring sale next week its focus on 20th century art featuring works from picasso and rothko all the way to banksy highlight however is a magnificent head painting but show michell

clearly tesla's competitors were trying to reach elon musk fans.he trend is ongoing in the right direction. for my column i spoke with scott hartmann, you researcher at the university of california davis, in the transportation department. he was sharing data that 11 of the newest battery electric vehicles introduced in the u.s. between 2018-2020, each of those 11 are considered luxury vehicles. so the prices, for now, are going up. dark two reasons for that. one -- there are two reasons for that. one, there continues to be for now competition for the luxury car driver. the second reason is, as automakers, general motors and others, are having aggressive electric vehicle goals, eventually they need to be able to sell and make a profit on each individual car. so if they want to produce them and sell them on a mask out, they need to increase prices to do that, because as of now the prices even selling cars at the loss -- the prices, they are selling the cars at a loss. that is not comforting to the consumer but is nonetheless the case. other experts i

tesla $600 billion market cap. i realize, apples and oranges.esla should be saying we're not a car company, ford is a car company -- and if people want a pure play here that's why they are choosing ford. >> you know what's interesting about this chart i didn't realize this until looking at it this afternoon, gm hit it's all-time record-high about a month and half g. ago. ford's last all-time high was decades ago. decades ago. so what does that tell you about ford does it tell you anything about where the stock should be today? >> well, let's just take a look at it different ways, if you believe -- if you're talking about brand loyalty, obviously they have some an important thing to think about. they've focused on suv's and trucks. if you make a transition to electric vehicles this is actually a particularly strong category for the use of electric power. there's a couple reason for that for one thing, the margins are substantially higher and they have a lot more to work with if you use 100 kilo watt batly and playing $100 to get it that's $10,000

tesla, for one, but others. >> yes, well, in the case of square and tesla, there's between 5% and 8% in bitcoin. so that is no cause for concern. think about it. we were worried that tesla would run out of cash. of course, ark was not worried, but the world was worried that it would run out of cash. it has so much cash now that it has the luxury to put 5% to 8% in bitcoin. microstrategy is another company that has all most all its cash in bitcoin. that is perhaps something different. but if we are in the capitulation phase, we shouldn't be worried about microstrategy either. we do believe this is a new asset class, and that institutions are looking at it right now because the correlations of relative returns and total returns compared to other asset classes tends to be very low over time. so they have to look at it. esg might prevent a move in wholesale, but we do believe that once they understand how renewables are becoming incorporated into the bitcoin mining ecosystem, and that bitcoin mining might accelerate the adoption of solar, and i think elon will come back and be part of th

that will make it harder for tesla to grow in europe. you know. locals are watching closely to see what happens next environmentalists are worried the plant is partly located inside a drinking water reservoir raising serious concerns over future water consumption and possible shortages but the local economy needs a growth spurt the population here has declined for years as people move away for work take who are taking vehicle to move the high tech automotive industry means more industrial jobs they need all sorts of industrial suppliers the plant will attract service providers that's an opportunity for mid-size companies to fill orders and take part in the project so. this man is also hoping the factory will bring him business to now he's visited the gigafactory for the 1st time he's hopeful he can secure a contract with the american economy for. 2 e.u. china relations now the rocky road to ratification just got rockier the e.u. has shelved its efforts to win approval for its massive investment deal with china aster tit for tat sanctions were impo

tesla trading 591 this morning. burley has a big short sale coming up talking about the fact he is positioning himself against tesla. it is not the first time he has done this. he has suggested their weaknesses in the model. he suggests elon musk should raise money when things were shooting higher. in terms of how quickly the narrative can shift within the investment community, any evidence that is happening? benedikt: not as of yet. there is a lot of distraction around the tesla stock, a lot of people wondering what elon musk is doing with bitcoin and so on. then you have someone like michael burry come in who has built this famous track record as being able to sniff out a bubble. he did it with the housing market. he did it with the tech bubble. him coming in now saying there are certain issues i have with tesla, that might start changing the narrative that more people start listening. it is not the first time tesla has been through this. there are a lot of naysayers, probably as many as there are fan boys. things

let's turn now to tesla.0% during all time high back in january. 172 billion dollar mark cap loss on the shoulders >> yeah, i mean, the story of when even elon musk said, i believe more than one time, that tesla stock is over valued you get to that about a price weighted index tesla as usual, so many things about tesla show you that two things can be true at once or elon musk it is a successful car company that is super over priced i feel like this is sort of -- it was inevitable. despite having they would have self-driving cars by the end of the year, the engineering reality is nowhere near that >> you have tesla down 30%, i think you mentioned energy name, the financial names have been up by about the same amount >> it's not an auto company. depending on how conveniently you want to choose it being an auto company, they will deliver a million cars this year which i don't think they will do tesla's valuation makes no sense. it was about ford's ev game. i think the competitive landscape around tesla has never

tesla down 1%. this was the fifth consecutive weekly decline for tesla.hat is the worst run of weekly declines since march, 2018. whatever you say about elon musk, the number of cars, the fact of the matter is tesla stock is not in a good run right now. when it comes to apple, there was no real conviction moving one direction or another. some good days, some down days. the end of the week, there was this drop in apple share price. we know what is at stake. i know you will talk about it in the rest of the show. emily: meantime, as i mentioned, a tense three hours for tim cook. the most high-profile witness in the showdown between apple and epic games. i was at the courthouse. the apple ceo arriving and then leaving. he waved to us, the press, outside. epic games ceo tim sweeney had been at the trial representing the game maker. the stakes for both companies are high. epic trying to prove apple is a monopoly with respect to the app store. apple working to defend itself. in the face of broader regulatory issues. listing -- listening to the testimony, epic's

the messages we have to our clients on tesla, bear cases and bull cases at the same time.ear cases we think are china, apple and overhyped autonomy but there are bull cases too you tell me where want to go from here. >> well, adam, broaden this out to the broader ev space. we've seen names there bouncing back quite strongly over the last week or so last week spoke to the ceo of lucid motors peter rollinsson wouldn't or maybe couldn't confirm delivery targets for next year, the production targets. he laid that out only a few months prior in terms of their spac presentation to investors is that something that should worry investors that are looking at, or have gotten into that spac or do you chock it up to early innings what you expect from companies this early on? >> deirdre, without referring specifically to that spac, yes it should worry people. we think that you should set an incredibly high bar of selection for these companies. many of which, again, not referring to the speck company you mentioned but many of which in our opinion should not be publicly traded, but they

tesla's new factory near berlin is key to its european expansion but work has slowed there lately with a planned july opening bell push to the fault in the fast moving electric car market where big brands are gearing up to challenge has every delay is cause for concern. authorized personnel only here at the site of tesla's new plant under construction just outside berlin this fire safety contractor is excited to be allowed in because as a mosque is my 1st time here we got a call because they're having some difficulties they want us to take a look at argo which is what was once the plant is almost finished but it still lacks final approval by the regional environmental authorities a sign of the snail's pace of german bureaucracy if it is i told you i think it's sad actually officials in germany need to be a bit quicker and in cases like this push things through if we're going to get something innovative like this we need to adapt a bit and move things along on its own possible guscott the addition of a huge battery factory next to the car plant means yet another round of approvals and p

there that will make it harder for tesla to grow in europe. you know. locals are watching closely to see what happens next environmentalists are worried the plant is partly located inside a drinking water reservoir raising serious concerns over future water consumption and possible shortages but the local economy needs a growth spurt the population here has declined for years as people move away from work take who are taking vehicle to move the high tech automotive industry means more industrial jobs they need all sorts of industrial suppliers the plant will attract service providers that's an opportunity for mid-size companies to fill orders and take part in the project for. this man is also hoping the factory will bring him business to now he's visited the gigafactory for the 1st time he's hopeful he can secure a contract with the american economy for. returning now to our stop top story about falling fair trade sales in germany i'm now joined by. the c.e.o. of fair trade international welcome to the program if you could tell us a sales in germany are

and tesla's elon musk sends bitcoin into freefall. he says the carmaker will no longer accept the cryptocurrency because it uses insane amounts of energy. ♪ i'm brent goff. to our viewers on pbs in the united states and all around the world, welcome. we begin with the escalating conflict between the israelis and palestinians. egyptian negotiators are talking to both sides, but so far, the's no breakthrough report. israeli forces are reported to be building up on the gaza border, and the army calling thousands of reserves. israeli forces have hit back with devastating airstrikes on gaza, and mob violence has broken out in israeli cities. the death toll in israel and the palestinian territories is rising. >> they are shouting, "revenge." hamas supporters in gaza hold funerals for 13 militants killed in israeli air raids. the atmosphere is charged as the conflict between israel and the militants worsens by the day. one of the israeli casualties of the manhundreds of hamas missiles, a soldier who died too young. israel's prime minister sa

he said tesla is not important to the stock market.n some ways it is the stock market there are so many different positions and derivatives and delta i strategies based in the equity or options. maybe that is an overstatement how much does tesla matter to the market >> i actually think it matters a lot. it is starting to matter more. part of the reason is it is now in the s&p since its inclusion, you can't talk about the index without thinking about that. obvi obviously its weight is not that large yet. people are forced to track it with the inclusion tesla has always been a psychological bogie for people in reality, you have the breadth of crypto and momentum as that falls, people wonder in general about the style rotation and where value is going versus growth i'll tell you one thing, there is a point in time as tesla's money call options were so big and the implied volatility were higher than the puts that had gotten back to normal the reality when it was over-bid like that, you don't want to short tesla because that gamma we talked

tesla and blink down more than 20%. and work course down more than 40%.ng holding them back is what the verge is calling mark's broken ev charging system it is also the reason 20% of ev owners in california switched back to gasoline powered vehicles that's according to a study by fisher davis this man who was featured in the verge article and joins me now. haase does this business work? there is need for it how much is this like gas stations i guess you want to be a trusted provider that makes it easy for people. >> when it comes to getting gas. you can walk up as driver and pay and throw it into your vehicle. when it comes to filling your electric car imagine if you had to have a accurate app and a accurate user for every network. that's exactly what it is. >> do you actually get the power from the landlord, build out the charging system and somehow the landlord gets a share of what's charged? or you are taking the risk that people are actually going to work it? how does that work >> ev passport is a hardware and software company we sell to businesses of

investors focused on tesla, it's a slideshow.hat something that is a balancing ask for -- balancing act's -- act for mosque. they just want to focus on execution. this comes on the same day china numbers came out pretty soft from tesla. this is definitely going to be a trying time. emily: what is your outlook for tesla coming out of a pandemic, knowing that more people might want to commute in a car and not take public transportation. it's a more aspirational kind of car for a chinese consumer. >> we are seeing that green title wave in china. competition is increasing. the biggest issue right now from a pr perspective and safety issues. making sure that mosque is able to navigate the political issues. if there are speed bumps, that would do rail a part of the thesis. would we continue to keep our thesis in terms of china. these coming months are key for mosque to play nice in the sandbox with beijing. emily: dan ives, always good to have you on the show. lots to watch. now to a future market participant in what could be one of th

month in california a man was killed when his tesla slammed into an overturned truck.. tesla says even in autopilot mode drivers need to keep their control.or thans, het a ticket driving. took a hourfastball to the face was back at the ballpark last night. kevin pillar brought out his lineup card and suffered multiple fractures when he was hit. he says only some swelling prevented him from playing again. >> despite not looking so good, i feel as, you know, close to normal as possible. the only tough thing is my right eye a little bit right now is suffering from a little bit of swelling and i can't really breathe out of my nose but besides that i feel good. >> pilar calling the whole thing a minor setback. >>> coming up in "the pulse," an alligator visits a wendy's. >>> also ahead, the water skier yo i'm erin. -and i'm margo. we've always done things our own way. charted our own paths. i wasn't going to just back down from moderate to severe rheumatoid arthritis. psoriatic arthritis wasn't going to change who i am. when i learned that my joint pain could mean permanent

when you go through the endless calls on tesla, they often include assumptions for the tesla roofs andeatened by what you're saying about auto pilot >> i think it's an important factor absolutely when you look at tesla, it's not about the auto company. there's other factors that we included in our analysis as well yeah, you're going to see full self-driving rollout from most of the discussion out there. this is going to be an advanced level 2 system, not level 4 and 5 which is the absolute complete version of self-driving many poem may be thinking of. if that's the case it's going to put more on self-driving there may be more features that may raise more concerns for regulators which might become a bit more of an issue for the company. >> you remind us that without the credits tesla wouldn't necessarily be a profitable company. as far as the auto business, are things trending in the right direction as far as you're concerned? >> things are good but maybe not as good as the optics look like. they have $1.5 billion in ev credits and they also pull out stock-based comp if you take out tho

you see tesla, twitter, on did declines materials and commodities weak today. they didn't have big selloffs this year. but they topped out. this is that peak everything story that i think is going to become more important. and in terms of where we are for the markets right now some frothiness coming out of the market thematic tech. mega cap tech 7% to 13% off the highs. reopening still strong going great but peaking. peak everything. peak earnings. peak economic data i want to see the minutes badly. emphasis on inflation continue square space went public at 48 the reference price was $50. i think this is the first company that's a direct listing that opened below the reference price. i think the market wants the fed to be more proactive to start communication about when they start thinking about thinking about. eager to hear what the minutes have to say. >> aren't we all thank you very much. >>> let's get to rick santelli for the first headlines from the minutes? rick >> i'll translate. what i'm reading in the first several headlines is the economy is coming ba

of billions of dollars were wiped out of the cryptocurrency market after a major announcement from tesla c.e.o. elon musk will break down what happened plus the colonial pipeline restarted operations after last week's ransomware attack and now the white house has his issued an executive order to prevent future cybersecurity mishaps and later equities are up after 3 days of losses as the u.s. releases more doubt on inflation what they can do those details with a packed show today so let's dive right in. and we leave the program with a major hit to cryptocurrency hundreds of the billions of dollars were knocked out of the entire crypto market after tesla c.e.o. elon musk announced the company would suspend vehicle purchases using bit coy now in the now infamous tweet posted wednesday must said the electric car maker is concerned about rapidly increasing use of fossil fuels for big point mining in transaction especially coal which has the worst emissions of any fuel in the twee must added tesla will not be selling any bitcoin as the company looks for other crypto currencies that use less th

the tesla's owner was killed. truck driver in the good samaritan that stopped to help him were seriously injured. hendrickson was a tesla enthusiast, posting often on social media, sometimes from inside the car. in this video showing no feet on the pedals or hands on the wheel, clearly comfortable with the system. chp says they haven't ruled if autopilot was used saying there has not been a final determination made as to what driving mode the tesla was in or if it was a contributing factor to the crash. they also say autopilot in the tesla should be used with care. requires the drivers full attention. >>> it is the 29th federal investigation into tesla autopilot systems. >>> tonight on 48 hours, the sister of a man convicted of murdering his parents in a modesto home is speaking out for the first time. he was accused of hiring a friend to kill them in 2013 but his sister has stood by him from the beginning. >> why is brandon sister so convinced he had nothing to do with their parents death back >> brandon petix a

. >> right now, the highest rate the back of a tesla. >> the warriors continuing their stretch run tohe playoffs tonight against.the utah jazz. we'll take you live to the chase center for a preview. >> hot temperatures. dangerous fire weather around the bay area. fact. the fire has broken out. we will show you where coming up next. >> tonight, chp is looking for a man who they say road through the bay area in the back of a tesla that no one was driving. take a look for yourselves. people told chp officers about someone in the back seat of this car. new berkeley over the weekend without a driver new tesla's do come with autopilot pilot features, but someone is still supposed to be in the driver's seat in the event of an emergency last month. a tesla crashed in texas getting national attention because authorities believed no one was behind the wheel at the time of the crash. 2 men died after the tesla model x one off the road, hit a tree before going up in flames. speaking of that same crash in texas near houston last month. new questions now being raised as part of its preliminary repo

3 a major announcement from tesla c.e.o. elon musk will break down what happened plus a colonial pipeline restarted operations after last week's ransomware attack and now the white house has his issued an executive order to prevent future cybersecurity mishaps and later expertise are up after 3 days of losses as the u.s. releases more doubt on inflation will dig into those details but the facts show today so let's dive right in. and we leave the program with a major hit to cryptocurrency hundreds of a billions of dollars were knocked out of the entire crypto market after tesla c.e.o. elon musk announced the company would suspend vehicle purchases using big court now in the now infamous tweet posted wednesday must said the electric car maker is concerned about rapidly increasing use of fossil fuels for big point mining in transaction especially coal which has the worst emissions of any fuel in the twee must added tesla will not be selling any bitcoin as the company looks for other crypto currencies that use less than one perc

if the dmv finds tesla is violating state rules, it could suspend or revoke tesla's autonomous vehicle permit. we reached out to tessa for comment and have not heard back. >>> federal regulators essay elon musk impersonators have stolen more than $2 million in crypto currency scams. the federal trade commission says con artist pose as celebrities promising to multiply the crypto currency that investors send but then pocket it instead. the ftc reports crypto currency scams have surged since october. nearly 7000 people report bogus investments since then and lost more than $80 million. >>> a major media merger just unveiled today, it could create another streaming heavyweight. at&t and discoveries they they struck a deal to create a new company combining discovery with warmer media. under the terms of the deal, they would get $43 billion and a combination of cash and that. shareholders will have a 71% st the other 29%. stomach it looks like the show will go on for the bottle rock festival. and this evening we know who will be headlining. >> those are some incredible videos. that is just

of billions of dollars were wiped out of the cryptocurrency market after a major announcement from tesla c.e.o. elon musk will break down what happened plus the colonial pipeline restarted operations after last week's ransomware attack and now the white house has his issued an executive order to prevent future cybersecurity mishaps and later actually does are up after 3 days of losses as the u.s. releases more doubt on inflation what they can do those details at the back show today so let's dive right in. and we leave the program with a major hit to cryptocurrency hundreds of the billions of dollars were knocked out of the entire crypto market after tesla c.e.o. elon musk announced the company would suspend vehicle purchases using bit coy now in the now infamous tweet posted wednesday must said the electric car maker is concerned about rapidly increasing use of fossil fuels for big mining in transaction especially coal which has the worst emissions of any fuel in the tweet must added tesla will not be selling any bitcoin as the company looks for other crypto currencies that use less than

and if you've been saving up your pennies for a tesla. want to convert all those coins to dozier coin. tesla ceo elon musk is hinting at the idea of accepting the crypto currency as a payment for his electronic cars electric cars. us took to twitter to see what his followers thought and 77% of the more than 2 million respondents support. this idea just a few months ago, tesla also begin accepting bitcoin as a form of payment. coming up next on kron 4 news at 6 we'll be joined live by political science lecturer donna crane to discuss what's next for liz cheney end for the gop. >> plus taxpayers in the middle and lower class could see a tax reduction. that's if you're candidate kevin faulconer becomes the next governor details on his comeback tax cut plan. and baseball is now in oakland city council members hands after major league baseball gave the green light to the a's to relocate. we'll take a look at the powerful pressure >> today. >> house republicans remove congresswoman liz cheney from their leadership team. the vote took only about

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, tesla cannot be worth more than all of the car manufacturers in the whole world.the end of the day, it's a car company. >> newly-born tech wrecks, according to him, we were listening together, talking about the number of names in the s&p, dozens and dozens of components that are down 20, 30, 40, 50% from the highs >> look, barry is a brilliant business person. by the way, he's modest, he's too modest, he came on "mad money," when the starwood, his reit had gone down 16, distribution was high, and he said, look, i would buy it, business is great, he's a great business person, he's looking through the prism of being a great business person and he's right. he sees stocks that are cheap, the faang stocks, that was great, saying i know, faang stocks have fallen apart i like the faang stocks. but there are, i mean the valuation of peloton is a little high i've been saying that. the management doesn't care for my view on it. and shopify, love the company, but yeah, i mean i can't recommend the stock. it's also a wood stock and i can't recommend any wood stocks. >> any >>

jonathan: down 10.8%, and the tesla ceo has decided you can't use bitcoin to buy your tesla's anymore. on environmental concerns, on electricity uses. many people surprised he didn't know that already. tom: we have no expertise here, but you've got to ask, is this sec material? jonathan: we have no expertise here. i look forward to seeing what the sec has to say about it. tom: what about a theory him? -- what about if th -- what about ethereum? jonathan: what about doge? tom: vet bill got a little bit of doge a year ago. jonathan: i think what nick maroutsos did was beautiful. i wish i had the same position. walk away, be with the kids. what a move. tom: i can't see you with dogs, let alone kids. jonathan: i love dogs. tom: unreal. jonathan: i love dogs. babies come at the moment, i'm not sure about. let's move on. [laughter] the s&p down by 46. in the bond market, unchanged. euro-dollar $1.2071. wti crude coming into .5%. tom: -- coming in 2.5%. tom: going back to the yield, 1.74% is what we need. jonathan: that was the high at the end of march. . it's quite a turnaround, isn't it? t

tesla down 14% the ark innovation rte cathie wood.ove, apple is now down 7% on the year. incredibly, only six s&p 500 stocks are higher this week. six! i can read them. peloton. ironically, peloton, which suffered a crushing recall recently of the treadmill, is the best performing stock in the s&p 500 this week. one of the few that is higher. all right. stepping out of the markets and to the other top stories >>> including another fatal tesla crash investigated contessa brewer is back with that >> reporter: brian, let's start with the aerospace giant which is getting faa approval for fixes to an electrical problem that issue grounded more than 100 of the 737 max jets. it is official children ages 12 to 15 can receive the pfizer covid vaccine as early as today. it comes after the cdc announces the recommendation of the and the federal aviationine. administration is investigating a crash of a tesla in southern california the model 3 slammed into the overturned semi last night the ntsb is reviewing. brian. >> contessa brewer, thank you v

dan thorn has the latest. >> a risky autopilot stunt in a tesla caught on video. the driver seen waving from the back seat along. i 80 in emeryville before speeding off other pictures showing the man alone in the car. seemingly carefree and grinning for the camera. by all means do do not do this. it's incredibly dangerous to be sitting in the backseat of a vehicle as it's as it's traveling, even if it appears to be in control. >> keith barry is in autos, reporter for consumer reports the organization recently did an experiment on how easy it is to have a tesla drive on auto pilot without anyone in the driver seat at this point was completely driving on autopilot when no one in the driver's seat. they found the tesla model y was unable to identify if the driver was paying attention or if there was a driver there at all. we were surprised how easy it was to defeat the insufficient safeguards. there are lots of video circulating online of people doing things like of using autopilot and abusing the system. it shows that it is too easy. >> to defeat the safeguards that

on the news the price of bitcoin fell as much as 14 per cent while tesla stopped dropped as much as 4 and a half percent so let's dig into this with the host and she's a crypto analyst as well kristie i chrissy this is such a wild story what do you make of the situation in this movement that we saw in crypto and tesla stock following that tweet. well 1st of all this news is just overblown and frankly it really doesn't make any sense tesla just for its treasury back in january and he specifically said that they will not be selling any so this i believe is just more showmanship from a lot that could be construed as market manipulation in order to further his own games he's obviously not selling that coin and by treating those in a widespread market he caused the price to drop giving himself and his friends another opportunity to write and the fact that he is not selling shows actually is still in fact on the side of decline no matter what his words say actions speak louder and right now he is still a hardliner so must he also like to be contrary in your life to go against the crowd in a

this guy in the back seat of a tesla.obody in the driver's seat just carelessly cruising along very freeway. not such a great idea and we're getting reaction tonight to those dangerous antics. but first, dan thorn live for us in san francisco. he joins now with more. can only imagine. >> begin grant witnesses who share that video with us say they were stunned to see essentially a driverless tesla moving down the freeway. the only person in the car sitting in the backseat auto experts tell us that the idea of an auto pilot feature has been something that's been getting talk to about a lot. it's also interesting. but doing something like this, especially on public roads is incredibly reckless and dangerous. >> a risky autopilot stunt in a tesla caught on video. the driver seen waving from the back seat along. i 80 in emeryville before speeding off other pictures showing the man alone in the car. seemingly carefree and grinning for the camera. by all means do do not do this. it's incredibly dangerous to be sitting in the bac

plap. >>> the chp is look sboog the case of a tesla with no one in the driver's seat.ate peers to have been spotted in east bay. the pictures are now going viral. chp posted them on facebook along with a message urging people to report activity like there. all teslas are equipped with self-driving mode but there needs to be a driver's seat. admitted to the california dmv that the cars are not fully autonomous yet but he working toward that goal. >>> elon musk was good for saturday night live's ratings but not necessarily for dogecoin. it was the third highest rating show but the meme inspired crypto currency plummeted broadcast. >> i'm excited for my mother's day gift. i just hope it's not dogecoin. >> it is. >> musk called himself the doge father on the show and talked about dogecoin in the opening monologue. the value dropped nearly 30%. it's rebounded down 17% at last check. worth about 57 cents. >> what is it, man? >> i keep telling you it's a crypto currency you can trade for conventional money. >> oh, so it's a hustle. >> yeah, it' kind of know elon. he could hav

outside of tesla there has not been a lot of organic demand.vernments use carrots and sticks to force us into all the evs. we have car coach reports editor-in-chief, lauren fix. lauren, there is no vehicle that says americana quite like the f-150. what are your thoughts on this electric version? will it live up to the hype? >> got to remember general motors came out with the gmc hummer. they will be having that coming as will. there will be a lot of vehicles on the market. i think ford has been pushing this f-150 electric. a lot of excitement behind it. this is a name they used in the past called lightning. they have done tricks and pr moves and pulling a million pound train. i suspect we'll see some of that tonight when we see the reveal. having some early information i can't release because i get in trouble with them but i will tell i think they do have a good truck but i think the price point will be high because it costs money to make this technology. that is going to be the killer when it comes to a lot of electric vehicles. then people ha

emily: tesla down big time for the week.t had to be pretty transparent about how it is benefiting and not benefiting from its bitcoin investments, since it is still holding bitcoin, just not accepting bitcoin as a form of payment. ed: tesla shares down the most one week off since february. it is about communication. in the first quarter of this year, 1/5 of their pretax profit was the gains they made on bitcoin. during the earnings call, that call basically said we are monitoring the situation closely, his words, we will continue to accept bitcoin as a point of payment for our vehicles and build up our own bitcoin holdings. two weeks later, elon musk tweets a contradictory statement. the other element is of surprise. don't forget tesla is also an energy company. one would assume elon musk has some knowledge in the area of renewable energy and energy storage, because that is what he is trying to do with his company. people were confused, why is elon only now talking about the energy consumption part of bitcoin? emily: that is

they are no logo going to be selling tesla's. i don't know if anyone is buying. tesla and bitcoin.eslas for bitcoin. we saw the price plummet after the decision to return to currency. caroline: continuing the commentary and getting into chats with -- scenting coverage -- sending coverage. many have come back and said enough. did he really not know this before he decided to start taking on his balance sheet? joe: that is the weird part. let's bring in ed ludlow from san francisco. what is the deal with that? he knew all this. he understands energy. everyone talked about this from day one. how is it that two months later, fossil fuels? ed: the mission statement of tesla is to transition the world to sustainable energy. elon musk has only ever been consistent on that point. he talks about that is the whole rationale for the company. he talks openly about a carbon tax. he is the chief executive of spacex and has set openly i would happily pay a carbon tax to offset spacex's in mission. -- in mission. he gives the appearance of gang an expert in both fields, energy and cryptocurrency. w

the features on the 2019 tesla model s.e crash happened, the ntsb found it was unable to engage the system known as auto steer which helps the car stay centered in the lane elon musk disputed the auto pilot system could have caused the crash. >>> shares of novavax with steep losses as the company is having difficulty getting clearances. shortages of raw materials are slowing the ramp-up in doses novavax is expected to complete regulatory in the u.s. and uk by the end of next month. now pushing that timeline to september. >>> the ceo of america's biggest mall owners simon property groups is seeing shopper euphoria that outlook with the earnings call yesterday the visits are improving week over week, but it is still difficult to know what will stick and what is short-term brian, back to you >> listen, real estate folks and retail folks tend to be the most wildly bullish and optimistic. i wonder, frank, when is the last time you were at the mall i have not been inside a mall for a long time. >> i haven't been to any other mall

let's take tesla, for example. i own volkswagen and i own porsche.olkswagen in terms of the voting stock they sold 130,000 evs in the first quarter versus 180,000 by tesla. volkswagen itself, over 500,000 evs and they have got the market share in china that tesla wants, 29% of the entire market it's selling at seven times earnings, less than seven actually so i think tesla, we keep hearing or kept hearing from the bears competition, competition we've been hearing it for five or six years guess what, it's finally arrived. in terms of the others, they are defensive. now, i own apple it's not my favorite tech stock. it's had flat revenues, basically flat earnings the last couple of years but you can't really sell it if you sell it, you're triggering a tax event that you just don't want. the same goes with microsoft, amazon and google. they're market stocks. markets go up 90% of the time. these will go up maybe it's a pause here, but yes, you pointed out, it's a great point, they are defensive. they're not going to make you the most money but they're not

names like tesla, rackspace, affirm all seeing outsized

aha, real competitor to the likes of tesla and others?— tesla and others? question. we're - tesla and others? a good question. we're still - tesla and others? a good i question. we're still waiting to see in all honesty. they have a couple of electric cars this year but they really feel like half efforts, to be brutally honest, they are not a big game changer that their rivals have a ready—made. but you know was toyota that the rnd investment is fair and you know the products are to come. it as a case of wait and see for what they can do when they threw everything at this new type of technology. we appreciate _ type of technology. we appreciate you - type of technology. we appreciate you getting up so early and getting stuck into those numbers. now on to a innovative way of providing energy. sarah merrick is the founder of ripple energy which is a co—operative of households who are building and operating a wind farm in wales. in exchange for supplying electricity bills to the grid, they get reductions in their energy bills. take a look at this. learn everyt

capabilities of tesla's autopilot system.weeted and spoke on an earnings call on about con's of villages about confidence that the software could achieve full autonomy. however when the dmv asked the director of the autopilot software about these claims, he said that the tweet does not match the engineering reality.>>> a moderate earthquake near tahoe had thousands of california citizens shakeup. people in the bay area were thinking about what was on the way. >>> and the deputy ambushed and shot. and an elderly woman used as a human shield. the hostage situation and shoot out. >>> how hot is the east bay real estate market? how about $200,000 over >>> you are watching kpix news at 5:30. >> right now and streaming on cbs bay area. home buying horror stories will take you a long as people pay 50 % over the asking price.>> and wild crime sprees in gold country. a violence call has a woman shot in her own home.>>> 30,000 californians were shaken up last night when they thought a big quake was on the way.>> within seconds of the e

if the dmv deems tesla's claim a violation.d face a suspension of autonomous vehicle permits among other penalties. >> several employees at southern california dmv offices are in hot water tonight after admitting that they accepted hefty cash bribes to change the scores on driving test federal charges have now been filed christina pascucci is following this story for us. >> this lincoln heights. dnd is where one of the managers accused in the scheme worked and we went to her home earlier to get comment. this is what happened. >> ivana. >> is someone else who lived at the home where 44 year-old giovanna to me. ken battles lives claimed that she wasn't there. we also reached out to her lawyer will tell you what he said shortly. but the 44 year-old former manager, this lincoln heights dmv pleaded guilty on monday to a federal charge of mail fraud for taking cash bribes. investigators say that nettles is one of at least 5 former southern california dmv employee admitted to be part of this. essentially what they do is change test sc

ed: we know that tesla and the company has an agreement where tesla can use their tech for testing and don't believe it goes beyond that. we think tesla could be benchmarking their self-driving system against the technology. as you said, elon musk has been very critical of the need for lidars. wares academics go, no, it is a central part of the self-driving autonomy. so there is confusion on twitter and reddit forums, because that tesla vehicles have been spotted in the world using the lidar systems. and we set the record straight, while tesla may not believe in lidar, they are certainly experimenting with it. emily: and tesla shares are up today, almost 4.5%. ed ludlow, check out more on bloomberg from ed and the team. thank you for joining us on this edition of "bloomberg technology." tuesday, we will hear from the ceo of vimeo after her company starts trading in its ipo. statement for that. i am emily chang in san francisco. this is bloomberg. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinit

now amid the growing number of crashes involving tesla. the california dmv is reviewing whether tesla is violating state regulations. my advertising, some of its cars as fully self-driving the company showcases a full self-driving option on its website, but also says those cars can drive themselves and need active supervision. some safety advocates say that's not enough. >> there are 2 and a 1000 people that die get seriously injured every year in the bay area on our roads and it's just the height of irresponsibility. >> now, if the dmv deems tesla advertising as a violation. it could face suspension of autonomy vehicle permits and have its manufacturers license revoked. we'll be right back after the break. the a's are playing at the coliseum for the first time since they made it clear that they're looking at other cities and states for a new ballpark. ron force. kate rooney takes a closer look at the next steps. the oakland a's confirmed to kron 4 that they will be headed to southern nevada next week. that trip is to explore potential new

you can see down more than the rest of the market today tesla. we are talking off 40%, 45% off the 52-week highs and when does the momentum traders have abandoned this come back in to play this again? it's not there right now fundamental guys were not interested in this stock another thing to keep an eye on is reopening trade in general. remember february and march? the airlines up 30% in about a month. it is not works very well today. united is up boosting capacity in july. generally positive comments and not a notable reaction in most airlines today and that's an indication that it is tougher to move the stocks forward. they had the big moves and since then a lot is essentially sideways and the same with the other sectors like the hotels and marriott, mgm resorts and the travel companies pricing markets, hard to move them forward. >> good do see you at the nyse what is it like on the floor there? >> i felt the moment was right it is like the rest of the country. slowly reopening but trickles. people coming in, some people not comfortable with t

elon musk is saying tesla will be suspending vehicle purchases using bitcoin. he's talking about concerns about bitcoin's environmental impact. elon musk saying tesla will not be selling any of the bitcoin holdings he has right now, but he's talking about concerns over bitcoin's environmental impact. of course this has been raised numerous times as we continue to see the huge electricity usage mining bitcoin entails. elon musk now saying tesla will be suspending vehicle purchases using this cryptocurrency bitcoin, although they will not be selling any bitcoin. we're seeing the cryptocurrency right now under a little bit of pressure. let's now get over to vonnie quinn with the first word headlines. vonnie: china has deployed warships to a disputed area of the south china sea. before and affairs of secretary says the south asian nation is considering another round of protests after beijing increased chinese vessels in the contested area to 300 from more than 200 in march. he plans to take up the matter with his chinese counterpart. >> [indiscernible] this is esse

that is what tesla has been doing. i think that is the key thing.le appreciate elon musk pointing that out. do not use it as a currency, use it as a digital reserve asset to store your value. guy: the ransomware attack on the biggest pipeline that chips product in the united states, gasoline stations are running out. hackers are being paid in cryptocurrency. do you think that will be a problem? you think that will further reinforce the regulatory clampdown that may be coming as a result? michael: absolutely. i love when you pin me down on these things. in a way it is not going to use bitcoin for payment. how does the u.s. government catch the silk road, they follow the payment. you have to use something like a privacy corn. the key thing in regulation space is digitalization of the dollars. at some point etf's. if the government -- the government loves when you use bitcoin to paper things so they contracted and they can find it. it is the battle of the geeks. usually you can track it. alix: we call them pointy heads on this program. guy: we do. we c