where is tesla? and if anybody knows why tesla, the world's ev leader, isn't there, it's tim higgins who's just released his book about elon musk and tesla called "power play." tim, elon musk is tweeting that tesla wasn't invited, right? odd is right. where is tesla? you just heard edward say maybe because it's the big auto industry names that employ the most people, do you think there's a different component there? >> i think maybe that it's a big issue there, united autoworkers. they do not represent the workers at tesla's factory in california. there's been an effort by the uaw to organize there, but it's never gotten very far, and, in fact, elon musk has fought very hard to prevent that kind of thing to occur. joe biden is literally supported by the uaw, and they're going to be there today, so that's probably, if you put a bet on why elon's not there, that's the reason. liz: it is amazing to me that that is even an i issue on a day where the message is so important. i mean, you can argue what elo

i am short the tesla position.hen you are at 15 times and not investing those ways from those years in 14, 15, 16, 17, 18, 19 you can grow your way out of the problem which is kind of what you look at what's happened. apple, amazon, microsoft and facebook were shorts some of these things were overvalued i wrote a piece in early 2000 going into the tech bubble in march saying they would lose money in 15 years and it would have nothing to do with the start of business. they were doing a 38% profit margin because price matters if today's investors do not have the orientation would go back and look at that, you'd see a nasty out come best case scenario you can't value that based on earnings if you presume those would scale up assume a 30% profit margin you get to a mediocre, good return you trade at 20% margin at 30 times earnings and you are looking at a midsingle digit return kathy mentioned there is good little use investing in r&d and growth. in the front end, so 10 years on, today's share holders will lose 25% of

what powers tesla? gasoline, diesel, right in. >> it's an electric car, so that just makes it much different and, in a way, more appealing to consumers with a taste for the future who want something different and not just, like, gasoline vehicles for the last century plus what we've been using. >> yeah, yeah, excellent. i mean, elon musk and tesla have entered a market where, essentially are, it's almost a blank slate. the other automobile makers are still dependent on internal combustion engines. and for people in the u.s. and worldwide who are more conscious about the environmental impact of automobiles, the electric car is appealing. i mean, it promises perhaps the end to the internal combustion engine. and with that, less environmental impact, less than a carbon footprint and less smog and smoke and pollution, less global warming perhaps. and so there's a reason to buy the tesla as opposed to other cars that consumers might feel attracted to. the very nature of what fuels tesla cars as opposed to ot

first, tesla doing a very tesla-like thing and announcing its own microchip.aybe going full blade runner, saying they will build a human-like robot have no fear because elon musk says the tesla bots will be less terminator, maybe more c3po designed to perform manual labor, 5'8" and, quote, overpowered if necessary and apparently will not require tater tots for more let's bring in andrew hawkins, senior transportation reporter at the verge. andrew, okay, this thing has not rolled out yet they haven't started building it who knows if it will ever happen if it does, is this a threat to all humanity >> that's not the way that elon musk was portraying it yesterday. as you noted he said that it could be easily overpowered, which i guess is some comfort. he also said that you could probably easily runaway from it too. the top speed of the robot would only be five miles per hour. if you could run faster than five miles per hour, i don't think you really have anything to worry about from tesla's new robot. he said there's going to be a prototype coming out next year we

we know it is a priority to tesla to hire in that area. they are seeking the best of the best of silicon valley. there are hints that this might involve some prior terry designed around semiconductors. >> what is the general feeling about this? is this the developers day that we get out of apple and facebook? who is the audience? >> on battery day or when they had this event, the tesla fan and owner that elon engages with on twitter. we know that less of those people are invited and there are some quite notable academics from the world of engineering and computing that have been invited. we know that talent is front and center for this. tessa wants to hire in those roles specifically. we are assuming there will be some players in that industry as well. >> a lot of these days don't live up to the hype always. >> tesla is not alone in trying to crack full autonomy. fighting fiercely hard, they are competing against people like apple, google who are also paying. even from wall street. elon musk's other great skill is keeping investors looking

it may be ten years from now some of us might own tesla automobiles. none of us own a tesla.but a decade from now if we are still around we might be looking at more people like henry ford brought the model t in range of average consumers we might be looking at a vehicle the mainstream consumer buys. the technology, we are only narrative technology but it may be a driverless automobile, what elon musk enters i have in mind with the tractor-trailer introduced yesterday evening to have these autonomous vehicles on the road starting over long stretches and that might change the trucking industry so it appeals to our love of technology and driverless cars in the future and our love of technology in another way. have you seen advertisements on television for tesla? in the 1950s the car age, 9 of every 10 ads on television was for automobiles and there's still a lot of car ads on tv, maybe not that kind of traction but you don't see tesla advertised. how do they advertise? they lure consumers into their showrooms but there is what today to advertise? >> social media. >> exactly. soc

tesla shares up 2py 5% this morning.rade from jeffreys bernstein reiterates an underperform raiding citing growth obstacles and political precious urs out of china. tony, always good to have you. tell me what you think is going on in china where it's a more competitive market perhaps than we have certainly here in the u.s., maybe even in europe, and you are seeing, what that they are starting to export out of china, meaning they don't have a great growth trajectory there? >> yeah. so the question that we receive most frequently following earnings was tesla's overall revenues grew 10% from the first to the second quarter. china revenues were down by about the same amount. unlike the u.s. where tesla has been raising prices, tesla introduced a dramatically lower-priced model y in china about $11,000 lower in july, and they also cut price on their model 3. so, you know, the question is, why does this seeming dichotomy exist between what's happening in the u.s. and what's happening in china that's really what we were trying

the broader tesla story. tesla story-— is important to the broader tesla story. thank you very much. if you fail, try and try again — that's what the us federal trade commission is doing with its antitrust lawsuit against facebook. our north america business correspondent michelle fleury takes a look at what they've got planned, second time round. call it a do over, two months ago a usjudge call it a do over, two months ago a us judge throughout the federal trade commission anti— trust suit against facebook saying it had failed to provide enough evidence but the judge left the door open for the agency to try again and here it is. the f tc taking fresh aim at the social media giant. delegation in the new complaint accuses facebook a bigger monopoly and buying up the competition and it wants the company to be broken up. this go around, the updated suit is longer and includes more arguing no other personal social biking provider in the us remotely approaches facebook�*s scalp. facebook condemned the move, saying

the chair and ceo of tesla at the time. i want to bring in our guest to covers tesla.id he have to weigh whether elon musk properly removed himself to avoid conflict of interest? what will the judge be deciding? >> today we hear final testimony from antonio, a longtime musk ally who served on the tesla board. he was on the solarcity board, he's on the space export. what's interesting about his testimony is that he was like, look, elon refused from voting -- recused from voting on the deal. as the ceo he has a responsibility to provide insight into what he saw. the bottom line is, what does recusal mean? is it enough he was recused from the vote but still involved in the negotiations? that's what the judge will have to think about. emily: musk testified, tesla board members testified, how well did they make their case? dana: i was not in the courtroom in delaware, but i was able to dial in today to listen to antonio, and i think it's a hard case. if you take tesla perspective, this acquisition was five years ago, it was $2 billion. $2 billion is a drop in the bucket if

and the teslas involved were in auto pilot mode. 765,000 tesla vehicles involved in this investigationnded the auto pilot technology for years now there are some who said he has suggested that you could drive hands-free all of the time with auto pilot. he comes back and he has said and i've heard him on conference calls saying look, we have told people and there is language in the tesla vehicle owners manual that said you must pay attention when the vehicle is in auto pilot mode nonetheless, there have been some changes made. the model 3 and y both have cameras inside that face the driver those cameras were turned on in some model 3s and ys this year and many have suggesteds that the type of technology that needs to be in all tesla vehicles across the board. so that it could alert a driver when they fall asleep, when they get distracted, whether they're not paying attention that is the type of technology that you see in super cruz, with the gm and other automakers where they have the driver identification cameras so that they could tell if you get distracted, if you fall asleep, if you

stock and could it harm tesla's growth as the world's most valuable car company? a little that, i mean the shares fell roughly 7 percent the 1st 2 days trading after the n h t s se disclose the investigation. but today it's actually popping right back up to percent. so why the news does put a damper and has some bad press on tell, so it has become available tech company. and like most tech companies, the date, it's trading at an absurd premium and for future growth, tesla kind of how to deliver on as auto pilot, their stuff now, because they basically over promised all this, they're still the leaders in the space right now and the future hinges upon it and the only reason they're in the position there and now it because their software, it's more advanced than others and their battery, which is currently better than the competition boom bus. it's christy i and ben swan, thank you so much. and finally, from south driving cars to the future of robot, boston dynamics released some fascinating, also completely terrifying footage of its atlas robot, navigating an obstac

i have about 45 seconds left, but it has its own situation impacted tesla stock and could it harm tesla's growth as the world's most valuable car company? a little bit. i mean, the shares fell roughly 7 percent the 1st 2 days trading after the n h. t s se disclose the investigation, but today it's actually popping bye back up to percent. so why the news does put a damper and how it shows them bad press on tell. so it has become available tech company. and like most tech companies these days, it's trading at an absurd premium for future growth. has the kind of how to deliver on his auto pilot their stuff now because they basically over promised all this, they're still the leaders in the space right now. and the future hinges upon it. and the only reason they're in the position there and now it because their software, it's more advanced than others, and their battery, which is currently better than the competition boom. but it's christy and ben swan thank you so much. and finally, from salt, driving cars to the future of robot. boston dynamics release some fascinating. also completely terri

beyond that, take a step back and look at tesla your they don't spend as much -- tesla.y don't spend as much on research. the revenue has taken off as they have ruled out model after model. that said, you are talking about 5% of sales going into research now as opposed to more than 11% back in 2017. so whether that's an issue, knows. we certainly -- an issue, who knows. we have certainly seen issues with them before. they soared before going into the s&p index. the net, a decline of 2%, even though you look over the past year, the shares had been way up. one other piece of the puzzle is tesla's in a different financial position now -- tesla is in a different financial position than it was before. and now the recalls or whatever might happen with the investigation, you are talking more than $60 billion of cash on hand, for five times that a year ago. guy: they will need to spend some of that. thanks very much indeed. i think this is interesting, because you could argue the difference in terms of the valuation between tesla and say volkswagen and other car companies, they

tonight, other catheter, to get vaccines authorized for kids under age 12. >> a tesla i a tesla i causingestroy the home. 7 on your side investigation is straight ahead. >> we will be back joint pain, swelling, tenderness. my psoriasis. cosentyx® works on all of this. cosentyx can help you look and feel better by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting, get checked for tuberculosis. an increased risk of infections—some serious— and the lowered ability to fight them may occur. tell your doctor about an infection or symptoms, or if you've had a vaccine or plan to. tell your doctor if your crohn's disease symptoms develop or worsen. serious allergic reactions may occur. watch me! get real relief with cosentyx. i get it, maybe you can see just fine. but as a vsp® premier program doctor, let me tell you, everyone needs an annual comprehensive eye exam- like a vsp wellvision exam®. i see things you wouldn't expect to see in an eye exam, like the early signs of serious health conditions such as diabetes or high blood pressu

why is it that tesla gets singled out for this conversation? >> i do think tesla gets singled out.how much further ahead and how much more risk they were willing to take. so, i do think tesla is singled out right now. their cars are -- i would say -- the most advanced autonomous technology available to the public but other manufacturers are coming but as i just said, look, no technology driving, until we get to level 4, which is where the car can drive itself and you can reach your book or check your email, no one should be hands-free until we get to that point. >> dr. cummings, thanks for being here. appreciate it. >> thanks for having me. >>> still to come your best tweets and the facebook version, have you voted? go to smerconish.com, was the situation until afghanistan today inevitable or the result of policymaking mistakes? can't wait to see that answer. (vo) how do you know when you've found your team? whether you're winning, or just doing your best. when you're on the lanes, they're right behind you. reunite with your team. go bowling. millions of vulnerable americans strugg

tesla's ceo elon musk promotes a autopilot as it if allows tesla to drive itself 1 00% of the time intay engaged behind the wheel still, there are pictures and videos on social media showing tesla drivers who appear to not be paying attention while driving, which raises the question, does tesla's autopilot do enough to make sure drivers avoid a crash? and if the safety measures are strong enough, what caused the 11 crashes where tesla's in autopilot mode hit emergency response vehicles? tesla recently turned on driver-facing cameras in some of its model three and model y cars to make sure drivers are paying attention when using autopilot an approach gm has built into its super cruz hands free driving system if the driver isn't paying attention, they immediately get an alert if that doesn't work, the car will automatically slow down and eventually stop. whatever happens with the tesla investigation, one outcome is guaranteed drivers using autopilot will still be expected to always stay engaged. we reached out to tesla for a comment regarding this ntsa investigation but have not yet hea

you have seen a lot of these tesla events.d robot, which is not yet a robot, is elon musk for real? dan: it continues to be a bit of sci-fi movie. it is great to show the vision, the technology, no one argues in terms of what musk has created going forward. but i believe these things start to become a sideshow and frustration for investors that are focused on the arms race and the electric vehicle and chip shortage capacity. i think things like this are great to show where they are going, but i view them as almost a side distraction. ed: you have a $1000 price target on the stock. you have seen these events before. . . i'm thinking about elon musk's comments in 2019 about one million robo taxis by the following year. that never happened. is this just the latest project we will be waiting infinitely for? dan: i think that is part of the frustration. we are bullish on tesla because of the green tidal wave, because of electric vehicles, clearly the china story. even going back to robo taxis, which we were critical of, and even la

tesla up about 3.9% at this hour. uber and lyft are on the move ahead of their latest check you should the hood later this week with. under the hood, but could those green arrows turn red due to new blue competition? listen. >> is it blue skies ahead for tesla as electric moped start-up rebel prepares to unleash a fleet of 50 blue model ys in new york city? take note, it could be coming to a city near you, and what does that mean not just for tesla, but all the other ride-hailing companies? i've got the story on "the claman countdown" coming right up. ♪ ♪ usaa is made for the safe pilots. like mac. who can come to a stop with barely a bobble. with usaa safepilot, when you drive safe... ...you can save up to 30% on your auto insurance. usaa. what you're made of, we're made for. get a quote today. (struggling vehicle sounds) think premium can't be capable? think again. ♪ (energetic music) ♪ ♪ ♪ ♪ ♪ introducing the first ever at4 lineup. premium and capable. that's professional grade from gmc. [sfx: psst psst] allergies

has helped tesla immensely and will in the future going forward. but remember, this is a camera-based system and while they are logged tens of millions of miles and that helped improve the full self driving software this is a system with limited auts on mus capability why am i bringing that up. i wan to show through chart going back to april 23rd of 2019 what happened on april 23, 2019, they hold autonomy day and you'llon musk said we will have one million roby taxis on street by 2020. there are none on the street there are no full self-driving tesla manufactured nor is that going to happen any time soon. all of this is to point out that often at these events we will hear promises or expectations set by youhe'll on musk and peel say is that possible look at the last three tech days, the first three days afterwards hasn't been a big boom it hasn't been team saying got to get in on this. why? often elon is talking about many real technical stuff that while it is promising down the road and some of that technology has been developed over time, it is o

does this highlight how far advanced tesla is in this race or does it show us tesla is going off on a>> historically thinking, tesla has already taken on these tasks. that's sae level five autonomous driving. that is something that will operate in a generalized wayer so basically go anywhere, do anything when you take a problem that makes sense to automates that the only viable robot product is a roomba. that works great but the 350i7 dleen. are dads dancing is that a term? >> that's fine coming up. we'll talk about the most important demographic for can tent streamers skids. we'll talk to brian robbins. just finishing a big week for retail earnings. a few key reports out this morning. same store sales compared to a slight decline the buckle beat earnings thanks to more instore shopping on "squawk box" on cnbc. over the years, mercedes-benz has patented thousands of safety innovations. crash-tested so many cars we've stopped counting. and built our most punishing test facility yet, in our effort to build the world's safest cars. we've created crumple zones and autonomous braking. acti

, tesla, tesla, tesla has gone up for a number of reasons. elon musk's determination, creativity, ingenuity, roku, counterpart risk associated with deflation and i think bitcoin would be a hedge against that eventuality. teledoc, what you will not see us do with the chinese stocks is pull out of those names that are more endemic to china itself shopify, coronaviruscrisis changed the world dramatically and permanently. consumers and businesses are not going back to the old world. i loved being a woman in this industry this is amazing. >>> good thursday orning, welcome to "techcheck. i'm carl quintanilla with deirdre bosa big day ahead. cathie wood is with us at 11:30 a.m. eastern time. responding to the shorts that have been piling up at ark we'll get her take on tesla, robinhood, chinese stocks and more that's all coming up at the bottom of the hour then call it alex carp diem, palantir and why one analyst says you need to dump that stock today. the market prefers sweaters. investors cutting hood after vlad warns of a trading slowdown, d. >>

is that going to knock one tesla buyer of o'their tesla probably not i think that's going to be the casealuable their incredible first mover advantage really is. >> and it's also, steve, worth reminding that this stock before presplit was under $200 not that long ago it completely levitated but it's stayed up there and i can only imagine how much that's caused short sellers in terms of losses >> yeah. the shorts are eating it right now. of course. and they're taking a bath in those calls and we've heard more about that today the elan of elon, as we heard. but that's the thing that's also the risk, isn't it, when so much is tied to the personality and whims of one guy who, you know, is on "saturday night live," who is posting doge memes and so forth obviously his behavior has had zero impact on that. but what happens if he decides to divert his energy elsewhere on the last earnings call last week he said i'm not going to do these earnings calls anymore, i have other stuff, more important things to focus on what happens if he pulls a bezos and decides i'd rather go to space than work on th

so, seeing tesla be top of the mix and seeing tesla being probed on what is the most advanced area ofthe stc, the idea of the stc investigating, you know? i think we're in the thin line of being excited about the new technology and talking about food what we have to remember and what tesla is very clear about is that this technology has to be supervised by the driver. so, if you agrethat tesla is communicating that properly, then everything they're saying about the capabilities of the technology [ inaudible ] but what we have to remember is tesla is saying the technology has to be supervised >> understood. one of your main points is that you believe tesla is years ahead of the other legacy oems on efficiency, oebs you do not worry about competition. we've heard so many amid the wave of competing models tesla's under the gun. >> you know, maybe say sell a car that k competitive, on paper w what tesla is selling at a similar margin if they can do that, then i think the gap is filled up and narrowed down to nothing but today, $35,000, $45,000, to take another excelling price and it's slo

. >>> coming up, a warning for tesla drivers. the new way thieves are breaking into vehicles. >>> mark was sightings of wounded box could lead to a criminal investigation. why we are seeing a spike in injured deer. >>> coming up all new at 6:00, dozens of bay area students forced to stay at home and quarantine days after the first day of school. the covid concerns leading parent scrambling this evening. >>> plus, items once belonging to one of alcatraz's most notorious residents hitting the california! all of our homes share power. but heat waves can stretch our supply to its limits. flex alerts remind us when to use less energy from 4-9pm. so we can all stay up and running. sign up today. >>> safety improvements coming to mt. diablo. today park officials and bicyclists joined together to unveil plans for dozens of bicycle turnouts designed to help cars and trucks passed bicyclists safely on the road. >> sometimes there are cars that cut corners, around blind spots, and make us a little nervous. we've had a few close calls. >> on

they're so far apart you could drive a tesla through the numbers. very difficult to find a fundamental valuation for tesla. i'm a long-term tesla bull but i also think you have to trade it you have to throw that trading hat on and sometimes we're in and sometimes we're not. we're not in it right now. the history shows us that when really tesla starts to come unglued and people get bearish of the name, ultimately that is when you're a buyer. so i think jc will tell us the levels to watch. my guess is will probably break the levels to the down side. that is when i'm be a buyer. i'll look to go the other side >> let's turn to the technicals, jc before news of this probe, tesla was having a rough year. the stock trading down as much as 30% from the recent high. >> that is right tesla was a was a momentum stock it's incredibly frustrating for investors when you own a momentum stock that morphs into a stock that's consolidating, that's moving sideways, right? the question is how much longer does it last as quinn stated, we really need to pay attention to

us road safety regulators are investigating tesla's self—driving autopilot system.safety administration says it has identified 11 crashes in the last three years in which teslas on autopilot have hit emergency vehicles. the investigation will cover roughly 765,000 cars — all tesla models made since 2014. samira hussain reports from new york the worry for officials here in america is tesla's autopilot situation's ability to detect emergency vehicles are. in the ii emergency vehicles are. in the 11 crashes, there were instances in which tesla's using the autopilot system and hit ambulances and other first responders, despite using flashing lights, flares or cones warning of any hazards. the investigation will focus on how the autopilot system ensures that tesla drivers are in fact paying attention to the road. the only�*s manuals instruct tesla drivers to keep their hands on the steering wheel at all times, but the autopilot function will still work, even if the driver only lightly tap the wheel. news of the investigation rattled wall street where shares of tesla fell

tesla challenge -- tesla charges $10,000 a month for a subscription. evaluation is not based on how many vehicles tesla is delivering, it is about the future, robo taxis, full autonomous vehicles. it is completely unclear how much bite, how much teeth, this probe has. it is not the first time they have looked at the autopilot, i'm sure it is not the last, but it has not carried serious consequences for does not. haidi: ed ludlow with the latest on the probe and the tesla stock crash. aia group reported results from new business for the first half that blew past analyst estimates. it's first-half operating profit came in at $3.1 billion while net income was $3.2 billion, a jump of 48% year-over-year. aia launched new operations and received regulatory approval to open a new branch. k ag is creating a new digital infrastructure company focused on cloud assets in japan and other asian markets. the private equity firm has invested $2 billion in assets in the space. the newly appointed chairman says it is targeting $10 billion in enterprise value in five to

something like tesla would be a competitor.s will tell you that tesla remains a very niche car. they want to create electric vehicles for the mass public, for the average german, who is going to want to feel like i want to buy my german car and make it electric and still by made in germany. that is the spin on this, but it could be a potential rival for the politics here in germany. they will tell you this is all part of a comprehensive package. this is an economy that does need to get more digital. it does need to get more green. it is a key issue in the election in september. who is going to be the chancellor that can really take the german economy forward, move from that very industrial base into the industries of the future? >> important strength being touched on by maria in berlin for us. elon musk expected on the ground behind maria and a little under an hour or so. coming up, we will look at your stocks to watch, including adidas, as the sportswear giant sells its underperforming reebok brand. details are next. this is b

i want to talk about tesla. let's kick this off with tesla. going on, stu so the first things first. a sell-side firm just upgraded them so that always helps, but i think the more important thing to play right now is its got to be really good to be a beneficiary of the infrastructure bill. you look at the potential for more charging stations and stu, the lack of charging stations right now, that is the biggest headwind to us really accelerating the adoption of more and more ev's but stu, when i look at the valuation of tesla relative to the other automakers that are coming for them, it just doesn't make sense. it's a little too pricey here. stuart: okay, under armour what's the story there? it is right now up 3.5% it's a solid gain. the story, please? >> yeah, looking pretty good for under armour so there was a bullish report that came out from baird and baird called it a catchup trade to nike so under armer underperformed nike by about 40% over the course of the last three months but i'm not quite sure how much of a catchup trade it really is

people are buying teslas, they're not buying ev's just yet.thing that is going to change. >> and that is an important point. because elon musk was not invited to that white house meeting, mike. is tesla really the entire electric car market right now? it may change. you have lucid and lordstown, but right now is tesla pretty much the entire market >> pretty much, yes. i mean they are still at about 70%, 80% of sales. and while you have people coming no the segment, we don't them there just yet and gm was supposed to go up against them with the ev and ford that is the best competitor coming out with the mustang mach e, but tesla is dominating the space. people expect that come down and analysises expect that to come down even though they weren't at the white house, the bill, the aspiration or the executive order will benefit them quite a bit and they have a giga factory going up in texas that they're go looking to do with the pickup truck and to see how the pickup truck does and we have the f-150 lightning coming it is a very interesting time r

charger, like i'm seeing here, the only thing i can charge there is a tesla vehicle? >> exactly what elon was saying here, what, in the last couple weeks is ridi ridiculous there's not enough ccs connectors to retrofit the network. it would take years, and the chip shortage, what he said just didn't make sense. he was posturing the supply that's in place has already been engineered in place, the commitments that people are making are incremental, and for a tidal wave like that, it's just not realistic. but that's elonelon. he's grandiose, and prone to hyperbole. >> if the biden administration wants to get to 50% by 2030, what comes first is it the infrastructure for the charging, or the cars? i'm not too excited by buying an electric vehicle unless i know i can find a plethora of charging stations without any trouble don't you need that first? or is it the other way around? >> well, it's an open debate what i will say is 80% of charging is at home. so either if you have it at work or grocery store you do typically pick a route that coincides with your preferred charge

are you going to be the tesla of - going to be the tesla of commercial vehicles, going to be the teslacial vehicles, is that where you're headed? well, i'd like to be _ where you're headed? well, i'd like to be but _ where you're headed? well, i'd like to be but in _ where you're headed? well, i'd like to be but in the _ where you're headed? well, i'd like to be but in the end - where you're headed? well, i'd like to be but in the end the - like to be but in the end the customers will determine that. after many months in lockdown, shoppers in the uk returned to the high street in force. but the finallifting of all covid restrictions in england injuly was not quite the bonanza some retailers had hoped for — the recent growth in sales, while strong, is now slowing. the number of empty shops on the high street is still rising. so have we alljust got used to ordering online? joining me now is kyle monk, director of insights and analytics at the british retail consortium. why do you think there wasn't that used when we were all let cut to the high street to go out shopping?— out shopping? t

now we are looking at 765 cars from tesla, which about 50% of what they have produced. for them. if it's just an on air update that that's that's like i do. that's not going to be expensive, but if it is a hardware problem, something has to do with their machine learning and the camera and it's going to be very expensive. and this is all signals to the other manufacturers to be careful about it. you cannot say this is an auto pilot or atallah scar. we are not there yet. big picture here. tesla ceo elon musk continues to sort of hint at this notion that someday in the not too distant future, we will have cars that. will in fact drive themselves given the issues that are going to be raised here by this federal investigation. realistically how far off are we from that being a reality? well we're gonna look at 10 years from now, given that the advancement in machine learning. and in the problem with tesla is now they are using a camera and this camera has to be trained on millions of pictures of different object has got a problem with parking cars and preferring vehicular c

point, it has worked for tesla.lon musk. >> and it has worked mostly for the stock as well. tim higgins of "the wall street journal," author of "power play: tesla, elon musk" out tomorrow thanks for being with us >>> meantime, looking to avoid a dent in your portfolio this earnings season? these stocks regularly miss expectations and they see their shares slide get the full list on cnbc.com/pro we're back in a moment if you're 55 and up, t-mobile has plans built just for you. switch now and get 2 unlimited lines and 2 free smartphones. and now get netflix on us. it's all included with 2 lines for only $70 bucks! only at t-mobile. (vo) introducing 48 square centimeters of earning potential. flawlessly designed. undeniably versatile. unlimited 2% cash back. this is the card built for... ...real life. (dad) she's gonna be a drummer. (cashier) yeah she is. that's gonna get loud. (dad) right? (vo) the new wells fargo active cash visa credit card. unlimited 2% cash back on purchases. that's real life ready. millions of vu

you mentioned tesla. arianna skibell of ene news mentioned the heads of the big three automakers were represented at the event at the white house yesterday. the washington post noting that on twitter elon musk, the chief executive of tesla, suggested his company was snubbed from bidens' event. he wrote, seems odd tesla was not invited, he wrote on twitter. yes, phase out gasoline powered vehicles. how soon do you want to see that? caller: we are going. to be phasing out over 100 years ago there was a guy who patented hydrogen cars. the original -- if you look at the original cars when they were first made they were mostly electric. then the big guys with oil, the rockefellers and those guys, came in and took the electric out. they passed these things that mandated gas power. it is well-known and well-documented. all you have to do is do the research. they wanted to make the money. also, in 1948 there was an antigravity machine patented, in october i believe. two years ago or three years ago the secretary

government opens a probe into tesla's auto pilot system we're watching elon's twitter, of course. later on, uber over amazon why one analyst is changing his top buy on the street, d. >> we start with stocks after a week of record highs for the s&p and nasdaq stocks are largely in the red today. led lower by sell-off in the nasdaq it was down about 1% last i checked. wall street continues to remain bullish on tech. and if you miss the hottest names in that sector on the way up, today might be your second chance to get in dom chu has a look at those stocks and where there may be some opportunity. >> a lot of the opportunity has come in some of the parts of the market that have not participated as much in the upside within technology and within communication services, deirdre, carl. the reason we want to show you this, if you look at the relative performance of the s&p 500 technology and communications services sectors, technology has been a market performer. you see here roughly the same amount as the overall market on a year to date basis communication services, a decent amount of

coming up, what elon musk revealed at tesla's a.i.ring tesla's humanoid robot to a bans floor in your home -- dance floor in your home. the dow up nicely, 223 points. "the claman countdown "coming right back. ♪ ♪ observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. derriere discomfort. we try to soothe it with this. cool it with this. and relieve it with this. but new preparation h soothing relief spray is the 21st century way to do all three. even touch free. preparation h. get comfortable with it. i'm not always on my game. but lately, my uncle is, especially with his type 2 diabetes. with once-weekly trulicity most people reached an a1c under 7%. plus it could help you lose up to ten pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't

tesla has done a lot to localize the supply chain.a lot of money on those cars, but it is worrying about what it signals for the company 's performance in that market. emily: how is the performance compared to the rest of the world? the world is their oyster, right? ed: it is still the biggest market, but china was the growth market, because it is the world's biggest automobile market. the difference with china, and we have a chart that shows tesla's revenues by different regions, the blue bars are china. for long time in recent quarters, that is where the growth is coming from. it slowed down last quarter when this started happening, the kind of clash with consumers, regulators coming in. emily: and is that going to continue to slow? ed: well, the latest data set is not a good sign. we know that for a long time that tesla was the darling of the chinese government. they really helped the company get set up, but now it seems they will have to do a lot better to improve the situation for consumers and allay some of the fears. emily: mea

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