tesla's issue is byd. tesla and apple are both cutting prices.ast week in china is offering insurance subsidy but it is not enough to get their sales up. jonathan: let's draw a line between smartphones and ev's. ev is a struggle in china. it is a struggle in the united states for a host of reasons. adoption is not increasing in the way a lot of people hope for. jonathan: we saw that with ford -- lisa: we saw that with ford and gm pushing back and it is hard to know people are just getting ahead of that in terms of their excitement. if you talk to the ford cfo they say it will be an adoption cycle, just a little bit slower than we expected. with respect to tesla, they are a car company. they've been trying to be treated like a tech company, but now they are a car company and that was solidified by apple saying we are done. jonathan: maybe that requires a different multiple. the stock is down another 1% this morning. the bond market shipping up as follows. a big two days for chairman powell around the corner. your yields on the 10 year down three b

, ., ., ., current leader in the space, tesla? ., ., tesla? there is a war on global urowth tesla?nd _ tesla? there is a war on global growth and byd _ tesla? there is a war on global growth and byd is _ tesla? there is a war on global growth and byd is expanded i tesla? there is a war on global growth and byd is expanded in i growth and byd is expanded in europe. they are going to produce up to 300,000 cars going up against volkswagen and other makers in europe. of course there is effort to build a plant in mexico. tesla has a plan and a giga factory in berlin and shanghai and of course graphic to the same level of volume. good to be from hyatt to loewen. which as a full range of models and of course with tessler on the other end of the spectrum. don't count the koreans out. you'll see a lot of effort from hyundai and kia that are building amazing eevvee cars. the european union has announced investigation into some of the biggest tech firms in the world over uncompetitive practices for the matter, alphabet atjones google to be looked into of potential breaches in the digital mark

tesla, it's similar. eps went down 50% from the beginning of last year through the end of last year for the december quarter that they reported, and then they missed that. but the stock doubled. so, this year, i think the difference is sort of, you know, those rate cuts have gone from seven cuts to three. we're now focused more on earnings, and apple missed yet again in terms of the forward numbers got cut. tesla, the forward numbers got cut again, but people actually cared. with google, you've got a different situation where, you know, based on internal politics or whatever, they are doing a bad job of moving to this a.i. generation. now, they could change that overnight if they fired 10% of their work force and said, look, we're going to provide accurate answers, not politically correct answers, because they have more data that anybody on the planet. they can give you what you need for an a.i. conversational search product, but they just won't do it. so, with google, that's the one i have the most hope

and when you look at tesla, tesla is at the front. to be reporting q1 deliveries in a week plus. we think you'll see some of those impacts as sort of an ev winter. a slowdown in china, impact from the roloff of subsidies in europe, and this is certainly questioning the pace of growth for them going forward. we're looking for something in the $420 to $425 range. some of the data points out of china imply some downside to that. >> so 420,000 to 425,000 units in the first quarter. the consensus is 468,000, so a modest sort of cut there. phil, why are -- why are electric vehicles losing their popularity? >> it depends on the market. look, they're still growing in terms of sales, tyler. >> but not as fast. >> let's talk -- well, let's talk about the united states. you have two major headwinds going on right now. one is pricing, and yes, tesla fans like to say, well, look, you can buy the model three, and with the government incentive, you can get it down in the $30,000 to $35,000 range. but the fact of the matter is, the average transactio

well, this tesla model x with autopilot engaged as a tesla approached a paved area, dividing the travel lanes of the highway from an exit ramp on a pilot turned the car. a sharp left right into the concrete median hall was critically hurt and died later at the hospital. and ntsb investigation determined that the crash was caused in part by the tesla autopilot system not properly operating holmes family is suing tesla. court proceedings started 08:45am. happening tomorrow. the sfmta they're expected to talk about the locations. 33 speed cameras. they plan to install in san francisco around this time next year. transit officials are now looking to install 33 spots including school zones and areas that have seen sideshows officials say warning notices are to be sent to those speeding in the first 2 months of operation. then after that fines will be sent to those caught breaking the law. >> we would be very happy if this program earns no revenue. what we're trying to do is change behavior. well, the locations for the cameras >> are going to be talked about at the sfmta meeting tomorrow afte

there are those three stocks, tesla is down again as another firm gets negative on that name, now the worst-performing stock in the s&p 500 losing another 5% today and barely hanging onto 160 as you saw, tough day for small caps as the rate is up, the russell is lower, it does take us to our talk, the return of volatility and if investors need to prepare for a pickup, especially with another federal meeting looming, let's ask joe terranova. he's a cnbc contributor, is that your expectation? is that what we are trending, it's about to get interesting for little bit? >> i think the market will get very moody and that the day for -- dangerous place for investors, we have been trading off of a sunny disposition, the personality of the market, now you get into this environment where it's about the mood, everyone wants to be a monday morning armchair economist which is the most dangerous and worst thing you could be doing right now. >> i can think of nothing more exciting. >> exactly. everyone within the market is looking at all the losers year- to-date saying okay, is it time to pivot in t

byd has started — like, in the space, tesla? byd has started to _ like, in the space, tesla? started to expand into europe. they have a hungarian plant that is actually going to produce up to 300,000 cars going up against volkswagen and other makers in europe and of course there are other efforts to build a plant in mexico. tesla already has a plant in berlin, a biggerfactory in shanghai and it is going to be a battle between the high—end and low—end which has a full range of models and of course with tesla on the other end of the spectrum and don't count the spectrum and don't count the koreans out— see a lot of effort from hyundai and kia who are building amazing ev cars. the european union has announced investigations into some of the biggest tech firms in the world over uncompetitive —— practices. in the world over uncompetitive -- practices-— -- practices. apple and meta have been — -- practices. apple and meta have been looked _ -- practices. apple and meta have been looked into - -- practices. apple and meta have been looked into the i have been looked into the potenti

effected the tesla factory. but also people who live in the area who were without electricity also for a week. so it's been, it's been quite an impact for, for it has let itself, this company has said its loss up the hundreds of millions of dollars or euro is because of this. and so, you know, i will eat on mosque was there to boost morales to tell the employees there that he's not giving up on the test the project in germany, and that 0. they actually want to continue with plans to expand the factory. what is there? is there a hostile environment right now between i guess the people who live around the factory and the, the tesla management or, well, we tesla has plans to expand the factory. and this is an area that is full of for us. and we've seen that last month, residents in the area, 65 percent of them voted against the expansion of the factory. they're concerned that they basically don't want more for us to be torn down, but they're also concerned about the water supply. is an area outside berlin that is a

oh, tesla is also approved to treat psoriatic arthritis. don't use oh, tesla. if you're allergic to it, serious allergic reaction actions can happen. oh, tesla may cause severe diarrhea, nausea, or vomiting. some people take new tesla had depression, suicidal thoughts, or weight loss, upper respiratory tract section and headache may occur >> with clear skin. movie night is a groovy night live in the moment. >> asked your dr. about oh, tesla. >> last month, i spent hours on a spreadsheet color-coding expenses, and tracking subscriptions. then i got hit with two unexpected charge that's when i switch to rocket money, an app that automatically tracks and categorizes your spending. dalen rocket money. today hearings took place on friday in two of donald trump's legal matters that could impact >> when or whether the cases go to trial. you're in georgia, the election interference case, a hearing over whether to disqualify the fulton county da fani willis concluded without a decision. the judge said he'd issue a ruling within two weeks, and all of trump appeared in co

so tesla's on trial. and this is a big case because obviously testa tesla is used by millions of drivers throughout the world and throughout america, of the eyes of the auto industry. we'll be watching what happens in the courtroom right behind me again, it's tesla to blame or do you believe that the consumers in this case, while to wong's family that he believed that the autopilot system was going to protect. >> interesting. all right. thank you very much. meantime, tesla's settled a multi-million dollar racial discrimination lawsuit. >> this is actually the second settlement stemming from a lawsuit filed by all india is black man who worked as an elevator operator at the company's fremont plant. the u.s. says his left racist graffiti in the restrooms and regularly use racist epithets. federal jury previously awarded diaz 3.2 million dollars in damages. the terms of this second settlement are confidential. tesla has denied allegations of racism. they say it has a track record of equal employment opportun

phil lebeau joins us now with more on teslas woes. phil. >> it's a lot things that we have been talking about. the industry has been talking about for some time. people are now saying, maybe we should expect tesla to really face slower growth over the next couple of years. or at least in 2024. really, three things stand out. first of all, the hybrid ice vehicle demand. ice vehicles, the sales are not growing there. they are so gradually losing their dominance. it's still a nice market. hybrids are growing in sales. there is ev price war, especially in china we are seeing it worldwide. that brings up the question when comes to tesla, what do we expect for 2024 deliveries? i went back and checked the analyst's estimate. go back to january and most were about to .17, 2.18. you look at the fax at estimates that's not the case anymore. it's down closer to 2.07 million vehicles expected to be delivered this year. they delivered 1.8 million last year. meanwhile, the berlin gigafactory which was shut down because of suspected arson nearby, th

. >>> and a bull on tesla. the worst in the s&p this year and it is getting a fresh ding from one bull. >>> and disney shares set to wrap up the first quarter with the proxy fight moving to the main stage it's thursday, march 28th, 2024. you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. thanks for being with us let's get you ready for the trading day ahead. we kick off with the check of the u.s. stock futures with the s&p coming off another record close. look at futures which are mixed. dow opening 20 points higher nasdaq in the red. s&p is flat. we want to look at stocks as they wrap up the week and month and quarter. the dow is up 5.5% the nasdaq is up 9%. the s&p, the best performer, up over 9%. off to the best start since before the pandemic in 2019. and the stock we have been talking about a lot is super micro. it is up 250% for the year that is followed by old dominion and then nvidia and followed by constellation energy >>> we are checking bond

tesla while tesla's autopilot feature is being blamed for causing the accident. person dies after a car crashed into bus stop in san francisco. now a concern residents pushing a petition trying to get that specific street. the crash happened on the close down to cars. we'll be right back cars. we'll be right back after the break. wendy's breakfast 2 for $3 is so good, the crew is giving every combination codenames. bis-squared. egg and cheese biscuit and sausage biscuit. 2 biscuits! i'm impressed tyler knew what squaring was... mathletes! no matter what you call it, choose wisely. choose wendy's breakfast 2 for $3. at tj maxx, you can afford to turn your closet into a place of endless expression. with the quality, styles, and prices you love. ♪♪ it's time to get away and cache in, at cache creek casino resort, to rock and to roll. to go all out or... go all in. with four stars and rising stars, northern california's premier casino resort is the perfect place... ...to do as much -or as little- as you want. make your get away now and cache in at cache creek casino

meantime, tesla has settled a multimillion-dollar racial discrimination lawsuit. this is the second settlement stemming from a lawsuit filed india's a black man who worked as an elevator operator at the company's fremont now, diaz says that his colleagues left racist graffiti in the restrooms and regularly use racist epithets. the federal jury previously awarded diaz 3.2 million dollars in damages. the terms of the second settlement are confidential. tesla is denying allegations of racism and says that it has a track record of equal employment opportunity. >> still ahead on kron, 4 news at 6, a bloodbath for the country. what former president trump was talking about when he said that could happen if he's not reelected. plus, search underway in san jose tonight for the 2 suspects who police say. shot this german shepherd puppy. we know about those involved and the drug that's normally used by veterinarians to treat animals now being linked to overdose deaths humans will break down what it isn't what lawmakers arour top story this half-hour, dozens of vehicles broke

short time later, the tesla model x veers out of control, slams into a divider, splitting his tesla in half. he would die from his injuries a few days later, his family is suing tesla for many reasons, including the auto pilot system failed to see the markings on the ground and veered into the divider. also, they claim that the auto pilot program was supposed to be perfect to the point where consumers believed in it and where walter actually was playing video games because he believed in it. tesla said that the auto pilot program, we're supposed to reduce the risk of accidents, not can remove it altogether. they also point out to the fact that the auto pilot program, as far as they're concerned, they tried to tell ah, wong to retake the control of the car multiple times before the fatal collision. this is going to be played out for a little while in court, but it will be watched closely. but a lot of people in the auto industry because anytime you're talking about tesla, it moves the needle and people want to know exactly what's going to happen with tesla. as far as the auto pilot prog

driving cars, it's already sold so if you have it capable tesla, you will be able to turn it on, tesla hopes if you like it, you will keep it and pay them $12,000 for a door 200 bucks a month, fsd is not really full self driving no matter what they want to call it. in fact, tesla's about to go to court to defend itself in a lawsuit but by a man who was killed by 2018 in mountain view on 101 after a self driving tesla steered itself into a barrier. the driver who worked as an engineer and apple was playing a video game instead of driving according to federal investigators, this lawsuit does not claim he's not at fault, the lawsuit is essentially saying tesla convinced in his car fsd would drive itself, and clearly it doesn't. >> interesting to note, thank you. >>> in the east bay, there is a march highlighting families vulnerable to evictions and displacement, they started a rally at 9:30 this morning on east 14th street, this comes after about 60,000 renters in the eden area were left out of the just cause ordinance, this is a measure to protect low- income families from addictions in

that's in the case of the 2018 fatal crash involving a tesla. now the lawsuit alleges tesla's autopilot system caused the crash. kron four's will tran is live in san jose with more on the story. will. james tesla is on trial more specifically its autopilot system. and it's going to happen in about 2 and a half hours. >> at a courthouse right behind me. let me show you the video. it was nearly 6 years ago march of 2018 when walter he was going through mountain view on 101. now, according to tesla, he was not the driver that autopilot was engaged and that they claim he repeatedly ignored warnings to take control of the vehicle. why is that important? because walter wrongs family says that the auto pilot was engaged at the time, should have made sure that there was no crash. what happened was all of a sudden his car veered into a center divider head on basically ripping the car in half at a divider. tesla says that the autopilot system is not a guarantee system where you will never get into a crash. it just makes it less likely to occur. the ntsb,

and flint over toes tesla sharea shares. so many organizations and media outlets say tesla shouldn't be in the mag 7 anywhere, shares down 4.5% on track for their lowest close since may of last year as tesla germany has been forced to halt all a work due to a suspected arson. the plant is expected to remain down for days as they figure out and tamp down on the fire. in the meantime, meta if also declining after facebook and instagram were hit by outages earlier today. that stock down 1.6%. so let's get right to the floor show 'cuz we've got a lot of moving parts here. blackrock's global co-head of fixed income etf, steve blakely and tom hayes who says, you know what? it is possible to brace for a correction but still be bullish. what do you mean by that, tom? how do you do that? >> warren buffett said beware of geeks bearing formulas -- [laughter] and the narrative of the market for the last two months has been a.i. and bitcoin. well, a.i. is going to change the world. it's just not going to do it by next tuesday. the market

tesla, down 35%. we will drill down on those names and what they mean to the market. >> it is never too early to start investing. a powerful increase in accounts set up for children! we will talk to one teen investor. plus, we get a look at the markets right now. that is a lot of red, folks. s&p 500, down a little bit more than that. the nasdaq composite, down. the company beat on our earnings. the guidance, or lack thereof for the coming year. we've heard a lot about people photoshopping their pictures. it is not clear how much money adobe can make off of that. right now, its shares off by almost 15%. down 14.25%. >> he is managing partner at the cla and a cnbc contributor . good to have you with us. it's been a pretty good start to the year. >> it has. it is nice is to see the rally broadening. >> so it is not just the less than magnificent? >> no, what you are seeing is at least the breath of the market improving. you are seeing other areas attracting capital. whether it is in commodities, healthca

lisa: is this a tesla problem or an electric vehicle market problem tesla is catching up to?hat i am talking about is more of a tesla problem. i am pretty cautious on all of the tent -- on all of the auto industry. you're talking about a product that is old. we are seeing customers not interested in it. why we drove the downgrade is the impact of the price cuts is having a smaller impact on volume. first have to second half of volume went up 3%. the pricing cuts are painful. it costs almost 7000 in growth premium. as you mentioned in the intro you have risk to the brand, risk to residual values and that will cost disgruntled comps tumors when your vehicle is worth last. there's a lot of pain to do the price cuts, a lot of profit losses, and we are not seeing the volume. that is why we will have to make a trade-off and capitulate we cannot grow deliveries with price cuts. lisa: using the discussion point around the fact that china is driving the weakness in tesla might be overstated, there there might be more in play domestically for the company? colin: we are seeing weakness

manufacturers over tesla.y put the solar panels on the cars from the solar city acquisition a few years ago. >> by the way, x announcing a cheaper model or cheaper ev in china so that could be real competition for tesla. finatresrep xtl ad a une. ontario has all the partners you need to make the electric vehicle of the future. with one of north america's largest i.t. clusters. 65,000 stem graduates per year. and all the critical minerals to make electric vehicle batteries. ontario. your innovation partner. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. glp-1 drugs used in weight loss treatments stand out as the biggest global blockbuster, but these tre

garrett nelson was a tesla analyst and joins me now.d compulsive behavior have anything to do with total stock declining? >> thanks for having me. of course it does. the stock price reflects all available information regarding the company including musk's behavior but we argue the pullback was overdue, when you look last year, tesla shares doubled, for the stock to have a 30% pullback is not all that surprising. that is what we've seen so far this year but there's a lot of positives we see with the total story and we are buyers. stuart: this is a pullback, it's a dip and you are buying. why are you buying? what are the positives looking forward? >> tesla is different from the company of 3 or 4 years ago. the company has in investment grade balance sheet, they are sitting on $29 billion of cash, hardly any debt, ramping up cybertruck production, they have a new factory under construction in mexico and we think they are going to unveil their mass-market ev model later this year so there are plenty of catalysts. you are seeing other automa

and this is the only tesla factory in the whole of europe. yeah, so it is quite a big thing also for germany. what he said today is that no, he doesn't have buyer's remorse. what we've heard that came out of this meeting that he has at the factory and today that he's ready to go ahead and he sort of, you know, try to give a morale boost the workers. but certainly he must be asking himself, is it worth going ahead? and this is also a question that is probably also working for the german, local and federal governments. because german is not an easy country to invest in. the salaries are high, the cost of labor is high. labor laws are very strong and protecting workers, and also red tape is notoriously, pretty terrible. so if protests also come into the next, i'm sure that some big international companies might start questioning even more. is germany a good choice? yeah, well, he said he came here because, you know, they were highly skilled workers. are huge, cool, highly skilled workers here which, which he needs what we'll see. i mean, he says

also coming up on the show. tesla's european assembly planned nibble in bryan's to a halt because of the suspect to austin attack on me by power lines. a left wing militant group says it was behind the and i them on you can syndicate and thanks so much for being with us. we start to in the united states, west super tuesday appears to have looks in a rematch in november general election between donald trump and joe biden, who has no significant opposition in his democratic policy. major reports now say that republican trump's only serious challenger the former you and on both of them, nikki haley has decided to drop out of verses in 16 states from alabama to alaska. had better wants to choose the preferred nominee in their respective policies. amongst republicans trump one o, but one states that gave him at least $995.00 convention delegates to hailey's $89.00. she did wins a month, but failed in states where she had a chance of at least disrupting trump campaign. the super tuesday. this time did not come with big surprises. as donald trump cemented his hold on the republican presiden

tesla has settled a multi-million dollar racial discrimination lawsuit.s is the second settlement stemming from a lawsuit filed by a windy as a black man who worked as an elevator operator at the company's plant in fremont. diaz says his colleagues left racist graffiti in the restrooms and regularly used racial epithets. federal jury previously awarded diaz 3.2 million dollars in damages. the terms of his second settlement are confidential. tesla is denying allegations of racism and says it has a track record of equal employment opportunity. >> meta is under investigation for its alleged role in the sale of illegal drugs. u.s. prosecutors subpoenaed the social media company last year requesting records regarding drug content and illicit drug sales on the company's platforms. both of meta's platforms, facebook and instagram are part of this investigation. federal investigators are reportedly working on the case and partnership with the fda. meta says they are constantly working with other tech companies and outside entities in order to screen advertisers a

dw use political correspondent hands brands is at the tesla plant. and he told me more about the group. that's claiming responsibility. yeah, they call themselves the vault group, which is a reference to the mythological god of fire because there are a tax there on. yeah, a tax, i guess the, on the quote that i always performed with fire in this case, to the set fire to a pile onto a and electricity cable exchange at a place where the cables were getting on the ground to where it says factory applies. that's about a 1000 kilometers on the sides of his factory somewhere in the, in the countryside. in their statement as i say that, that i feel that test destroys the environment to the old. so on an anti capitalist group. so they are against these kinds of large factories in general. there's also some sentiment against it on musk involved. um, uh, and that talk about code test that caused with all the cameras being a surveillance instruments for the capitalist system. it's a very, very long statement ended refers to a whole lot of different issues and i

you doubting tesla at this point? >> i think tesla's had a lot thrown at them, but they also have a lot of levers that they can pull, as well. and when you look at what's happened to them, look at what's happened to the other ev car makers, look at what's happened to fisker, look at lucid, look at what's, you know, happened to rivian to a large extent, but it's just basically right now, your options for buying an ev are tesla and rivian, so, yes, and i know there's the chinese ev makers, as well tesla still head and shoulders above everybody in the ev world. the problem is is that the american car makers pivot and go hybrid like toyota, that's a problem for tesla. >> i mean, the assumption, though, is that these competitors go away and that the demand is still as strong, but if the demand also goes away, then that's still a problem for tesla. where is the chart at this point? >> i mean, there's so many ways -- one could say, listen, if a stock can go from 11 to 400, it must be doing something wrong. but they also lost

the tesla charging station has been the best out there.l because everything is on the same plug. in the us, if you purchase a tesla, it is fabulous for those who purchased cheslers. everybody else got on board but there weren't enough charging stations sotos i made a deal with ford and so forth down the road. everyone is jumping on board and ford is the first to have access through their lightning after one hundred 50 truck to charge in a tesla charging station which is really good because one of the biggest issues is finding reliable charging and this may solve some people's problems. neil: chesler has the most chargers so that makes it easy. the other competitive systems have their own charging systems and networks. how much of a game changer would that be for them if those people go to the tesla charging station? >> a lot of the charging stations come different ways, you can get level ii charging which is going to take the same it would at home. and the charging that tesla planned for their people, originally part of the car you got, fr

and the tesla is europe an assembly plant nibble in grinds to a halt because of a suspected austin attack on nearby power lines. the left wing millison group says it was behind the incident, the by the i'm on youtube mccain and welcome to the program. we started in the united states west super tuesday, appears to have looks in a re match in november. the general election between donald trump and joe biden biden has no real opposition in his democratic policy. and media reports on now saying that trump only serious challenges. so the republican and a full month's un invested, and nikki haley has decided to drop out verses in 16 states from alabama to alaska . had that chance to choose the preferred presidential nominee in their respective policies, among republicans from one old but one state that gave him at least 995 convention delegates compared to hayley's 89. she did wins a month failed and states where she stood a chance of disrupting trump campaign super tuesday. this time did not come with big surprises. as donald trump cemented his hold on the republican presidential nomination. s

in fact, tesla is currently the worst performer in the s&p 500 a top tesla investors says musk himself is to blame. it's not the only crisis that he's facing right now. fred pleitgen was with him today outfront it seemed like a major win for elon musk, his company spacex, managing to launch the world's most powerful >> rocket called starship for other than ever before, while losing both the ship and the booster rocket and the test but back on earth, elon musk is in damage control mode, visiting his tesla factory near berlin, germany after an arson attack claimed by an activist group opposed to the plant, knocked its power out for more than a week. mosque unwilling to speak to the press. some reporters yelling questions. the offense led near berlin, hundreds protesting during the electric vehicle production could seriously impact the entire areas drinking water supply test tesla's production is in a drinking water protection area that's protester says they therefore endanger people's drinking water, not just here, but in this region and all so in berlin bosque is facing backlash after r

oh, tesla can help you get clearest. don't use a tesla if you're allergic to it, serious allergic reactions can happen. oh, tesla may cause severe died area, nausea, or vomiting. some people take new tesla had depression, suicidal thoughts, or weight loss, upper respiratory tract infection, and headache occur. >> live when the moment asked your dr. about oh, tesla at morgan stanley old school, hard work meets bold new thinking to help you you see untapped possibilities and relentlessly work with is it possible to count on my internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats to your data. moaire dida twoo? - your data, too. there's even round-the-clock customer support. so you can be there for your customers. with comcast business, reliability isn't just possible. it's happening. get started for $49 a month. plus, ask how to get up to a $800 prepaid card with a qualifying internet package. don't wait,

let's look at tesla, elon musk exerts near total control over tesla. he is in an argument to get more control and has threatened to take his ai elsewhere if he cannot control it. it is good enough for elon musk but not good enough for openai. caroline: hypocrite versus hypocrite. ed, you heard from the other hypocrite. ed: i wrote to elon musk and asked him to join our program. i did speak to his lawyer who politely declined to give an interview or, the program. that is my question, we talked about elon musk's history of litigation. whatever his motivations are, i don't understand what the end result is. we know are looking at openai's model and people position ship with microsoft. the compute costs are high, they're commercializing as quickly as they can. what is muska going to try to get out of this? -- elon musk going to try to get out of this? max: i think the goal is to attack a competitor. he has a point here. there is something weird about the structure as we have been talking about and others have been talking about and regulators are going to

we mentioned the downgrade of tesla. lot of news in the airlines specifically regarding that alaska airlines flight. a lot more when we come back. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) >>> welcome back. it

walter wong's family is suing tesla believing that tesla misled them. >> as well as millions of consumers. but how safe their auto pilot program actually works. and nearly 6 years ago, this is march of 2018. walter was driving southbound on one on one in his tesla model x when he engaged the autopilot program, he felt so secure about it that he actually starts to play video games on his iphone a short time after that, the car veers into a divider splits his tesla in half the injuries so horrific that wong would die a few days later. now, according to the lawsuit filed by the widow as well as the 2 minor children. >> for they claim that puto pilot program. >> failed to see the markings on the ground and actually accelerated into the divider causing long to die. they also claim that the auto pilot program was supposed to keep everyone safe to the point where played video games that tesla says the auto pilot program is not completely safe, that it minimizes the chances of getting into an accident. not completely eliminate it. they also claim that was repeatedly warned by the car to retake th

oh, tesla is also approved to treat psoriatic arthritis. >> don't >> use oh, tesla. if you're allergic to it, serious allergic reactions can happen. oh, tesla may cause we're diarrhea, nausea, or vomiting. some people take new tesla had depression, suicidal thoughts, or weight loss, upper respiratory tract infection, and headache may occur with clear skin. >> movie night is >> a groovy night live in the moment asked your dr. about, oh, tesla. >> did you know there's no t in skechers? >> what he told about rodolphe is always been scheduled t and these get too slippery is ten please get to slip bands nucleus rombo thing is always in sketch of when moderate to severe ulcerative colitis takes you up lee pill when i wanted to see results fast, we're invoke delivered rapid symptom relief and helped to lead bathroom urgency behind the check. >> would you see tried to slow me down. i got lasting steroid free remission with runbook check >> and when you see cause damage, greenville came through by visibly repairing during my colon lining. check rapid symptom relief, lasting s

t tesla the worst performer in the magnificent seven.t be time for another to take its place? let's ask alex kantrowitz. alex, some say tesla is not performing the way the othering magnificent seven stocks are. is it too early to kick it out? >> i would not be opposed to having a magnificent seven to a super six. we know tesla will have tough times ahead with the discounts and potentially flat growth. look at where the story has gone from the ev story with elon musk to a.i. you put nvidia in there and it is tough for tesla to have fundamental issues and story issue. if you want to go super six instead of magnificent seven, i'm for it. >> we spoke about adobe and what is happening there. adobe is the beneficial area of the a.i. buzz and creative suite for people who use their products has been a huge driver of the growth at adobe. is adobe one of the stocks that could maybe be that stealth magnificent seven stock? >> adobe is impressive. of course, it beat earnings, but they had sluggish expectations for the quarter and that is a concern.

but for tesla, it is all they're playing with, right?sla has been an incredible rapid growth of the last few years. and now elon and team are suggesting it is going to be much slower this year, and all of these signs in the last few weeks and months are really making it even more worrisome how slow that growth is going to be one of the remarkable things about tesla is if you look over the last three years, for example, the first quarter has shown growth that has been better than the fourth quarter, which is rather remarkable who wants to go by a new car in winter kick the tires, right? that underscores how much growth there has been and now there is real concern this quarter won't be as good as last quarter and that's worrisome to some people >> do you think some of mandates that we have had from the biden administration, do they get pushed back and does that matter to tesla is tesla dependent on -- i know that certainly subsidies help, but on the mandates that get to a certain place by 2030, if that gets pushed back, would that hurt tes

jack: we talked a lot about the mag seven but we haven't mentioned tesla investors are not happy withck is down 29% and will they be part of the ificent seven but no longer with the big and s&p 500 is very easy to say this is an eb problem but that's not it tesla has its own problems the sales are not what used to be in the margins have been shrinking you can have the balls on wall street like adam jonas at morgan stanley they're starting to get nervous and pointing to the sloping car business, you cannot have the big gains off the autopilot and subscription's and things like that unless the car business is doing well not use the other auto makers rivian, with two bottles and not many will buy these but it's a sign that tesla needs the new car which is not expected until 2025 at the earliest i look around and see the cyber truck and if you like the road warrior that's a great card to buy by elon musk's meeting with donald trump and i know our route for bearings one of the big things that tesla needs is to give it to republicans to buy ev's in the meeting between trump and elon musk an

meantime, tesla's settled a multi-million dollar racial discrimination lawsuit. it's the second settlement stemming from a lawsuit filed india's. >> black man who worked as an elevator operator. the company's fremont plant. diaz says his colleagues left racist graffiti in the restrooms and regularly used racist epithets. federal jury previously awarded e u.s. 3.2 million dollars in damages. the terms of the second settlement are confidential. tesla is denying allegations of racism and says it has a track record of equal employment opportunity. >> the state assembly has passed a proposal to exempt some fast food restaurants from california's new $20. minimum wage law. well, most fast food chains have to increase their minimum wage to $20 per hour on april. 1st, this bill would exempt fast food locations in airports, hotels event, center's theme parks and museums. the author of the bill defending it today responding to critics who say it was a negotiated behind closed doors. >> this was a process that was transparent. unlike a lot of negotiations that happened arou

tesla shares already down 30% in 2024.oing on to say the ev maker is no longer magnificent, calling it a growth stock with no growth. which is what many people here on this desk thought for months now. where are you, guy, on tesla at this point? >> i think it continues to go lower. 150 is a recent low, recent, within the last year or so. and everybody will point from that move, from $113 to $300 and say, unbelievable move, you missed it. and to a large extent, yes. but think about tesla over the last four years, when it was north of $400. >> it's about 60% off its all-time high, in a broader market that's at its all-time high so, tesla's been a horrible stock now. now it's beginning to accelerate to the downside. that recent low of $150 is in the cards. >> yeah, this does feel like it's getting a little bit overdone, where even though you get to that $150 mark, i see the sail same level, as well. there's momentum both up and down, so, maybe you capture at $10 or so to the downside. but i think we're getting a little long w

tesla we discussed the jonas note obviously, he still has a 320 price target for tesla, so say what you want, but the guy is still amazingly bullish. looks for almost a double in the stock price. >> he likes ford that's his favorite name. >> the other interesting point about his note only a fifth of his target is based on the car business. >> i know. look, i mean people are using sum of the parts everywhere. every time you can't make the numbers the sum of the parts. >> sum of the parts is great if you can get the parts separated and see what happens. >> there's so much s.o.t.p., adjusted ebitda has made a comeback. >> adjusted ebitda is everywhere good for us to remind people that adjusted means we're not including stock-based com. >> right. >> like well what's going to happen if you can't give people stock anymore and you have to give them cash that said, it never seems to rise enough to become the issue that some would say it should be. >> who is at the forefront of stop >> gary gensler. >> marc benioff. his buyback insures that doesn't occur his stock has declined 20 points since --

oh, tesla can help you get clears don't use a tesla if you're allergic to it. serious allergic reactions can happen. oh, tesla may cause severe diarrhea, nausea, or vomiting. some people taking the tesla had depression suicidal thoughts, or weight-loss, upper respiratory tract infection, and headache occur. >> live in the moment. >> asked your dr. about oh, tesla >> have you heard sling tv offers the news you love for less weight you look and sound just like me. actually i am, you because on the same news programs on sling for less, you mean you're me but for less money, a lot less. i'm all your favorite news programs and more on sling starting at just $40 a month. everything great about me, but for less money, which makes me greater than you think it's the business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. the go-tos that keep us going. the places we cheer. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. see why com

there's also a settlement involving tesla involving a multi million dollars. and this is a racial discrimination lawsuit. this is the second settlement stemming from a lawsuit filed india's a black man who worked as an elevator operator at the company's fremont plant. diaz says that his colleagues left racist graffiti in the restrooms and regularly used racist language. a federal jury previously war to diaz. 3.2 million dollars in damages. the terms of the second settlement are confidential. tesla denies the allegations of racism and says it has a track record of equal employment opportunities. a judge appointed a special master to oversee the women's prison in dublin. this is part of a lawsuit filed by 8 inmates claiming abuse from some of the prison workers. this is also coming after the fbi raided the prison last week as we first reported agency's computers and documents since 2021, 7 prison employees either pleaded guilty or convicted of abuse. another case is still pending. oakland police are investigating 2 separate friday night shootings. the first happ