followers are consult like in their devotion until elon musk is removed from the premises, the tesla bullsl love the stock. if he somehow keeps his job they'll be back as biers they can't resist the car or the man. his best defense at this point might be to invoke a sanity plea my advise to you, please don't drink the kool-aid let's take some calls. let's go to eric in texas. eric >> how you doing any question is about ge stock you recommended as a buy below 15 i bought at $12.50 and it's still dropping is it still a long term hold, should i cut my losses, or dollar cost losses >> it was predicated on the idea that perhaps they had a plan that would very quickly fix the balance sheet and that did not come to pass i think you can hold it. but i can't recommend taking a big swing at it. i just can't there's got to be more tangible evidence that that balance sheet can be fixed i want to go to tony in oregon >> hey, how's it going >> doing well. how about you, tony? >> i'm doing pretty well, too. >> okay. how about a stock? >> my question is, back in february the stocks kind of tanked after mo

let's bring in collin rush you're clearly a tesla bull. just yesterday you came out saying you do believe tesla will basically hit the high end of the guidance of 50,000 >> i didn't actually say that. we said they are tracking well on volumes with the model three and that bodes well for growth market. >> but you have an outperform rating. >> yes we are looking at fundamentals the real concern weighing on the stock here is not just elon's behavior but his behavior coupled with an s.e.c. investigation and what's coming out of the tweets and if there's some misdoing going on with the organization when you see two chief accounting officers leaving within the span of a month, that's not a great signal to the market as we look at this, we're looking at a company that's kind of -- what we thought hit a key inflection point in terms of its growth accumulating problems at a dizzying rate based on the ceo we think it's time for the board to step in and actually start taking some action here. the board has been passive with elon, riding his coattails

this for some time i continue to predict it >> tesla shares closed lower by more than 3% yesterday tesla bullsove it when old detroit executives tell them how to run a car company i guess if anyone knows how to take a car company into the graveyard, these guys know how to do that as well as anyone they've done it a couple of times. that's what they say let's bring in bob lutz to run it my rap is on the brother's hat the people who love the tesla story, they're down from earlier this year. but it gets nasty when you start looking at your account. i think tesla closed yesterday at 240 >> 280 >> 240 is the low. so it's still well above its 52-week low, but down from much higher levels, up in the 3s. >> i think it was at 318 or above 318 -- >> it went up higher than that when he first put out the take private thing. 385. it's not about the brother's hat. >> his brother is on the board of tesla kimbal >> my brother is doing great >> this thing never comes off. i tonight know you're at the new york stock exchange >> they have quirky personalities. >> let me ask you this retsler comes in here in the

tesla these days. one of the biggest self-described bulls for tesla doesn't have the stomach anymore. mentioned it fell as much as 4% and did pare some losses today but when your company gets downgraded from buy to neutral and your price target gets course by about $100, of the share price is going to take a hit. i want to show you where we stand right now in terms of analyst aggregations function. here we are for the most recent day, you can see these are the buys here in white. the holds or at 11 and the sells are at 12 here in the green. tesla actually leads to s&p in terms of sell recommendations. this is also not a great superlative that you want to be talking about. let me switch at my terminal and i also want to show you what's happening in terms of the price target. the price target is at $315, here in blue. 200 79 is where the share price is right now. there are reasons for pessimism and optimism, but it seems like the reason for pessimism outweigh. podcastk was seen on a smoking marijuana. depending on where you stand on the issue, you're not going to be happy about that, es

tesla tonight. downgraded from neutral to buy at nurm aire, t analyst who had been one of wall street's biggest bulls on the stock now calls tesla uninvestable, in part becau of yoe olone musk's. errotic behavi >> the risk is that if this behavior continues he continues to be under scrutiny, the brand, the tesla brand starts to erode. and if the bra starts to erode then i think that spells trouble. for people not necessarily in the wooerds they may have second thoughts about buying a tesla vehicle if they feel the company is not around longtime. >> the price target was dropped to $30 oh share. the stock falling 2% to 279.44. cbs saw the rating cut to neutral from buy at they say the uncertainty around management changes lim moves higher in the stock. yesterday we told you about the departure of les moonves allegations. price target of n c $60. the stock rose a fraction to $55.40 today. >>> nike was upgraded to buy om hold at annuity the analyst says nike regained footing and expects longtime gross mrjen gains. the price target, the stock rose a fraction to 82.63. snap was upfreighted from to outperfo

. >>> long time bulls on tesla tesla is quote in need of a better leadership. nomura is quote moving to the sidelines. tesla announced this morning, moving two of seven tesla colors off menu on wednesday to simplify manufacturing >> the issue is the erratic behavior of ceo elon musk. this is best expressed of the number of tweets per day which increased 15 per day since may four per day previously. >> put that in your model. >> tweets were day is a new one. jesus, what's the president's tweets per day just putting it out there. joe rogan's podcast. these are signs of a couple of interviews that jim stewart gave that perhaps there are something right. i know that this behavior and i like the word he chooses is erratic because erratic is not so damming erratic behavior of a man who head as company that's so uniquely to him is not something you want to have happen. >> you were even as recent as last week we are saying this is not the behavior of someone who should be running. >> medical leave is fine i think the board puts him on medical leave. that's not a sin it

. >>> bring on october and q-4 can the bulls keep running in 2019 >>> plus, negative charge. tesla falls as the s.e.c. goes after elon musk. we have a top short on the stock and an analyst who says hold the phone. and a bold call on nvidia's next move "the halftime report" starts right now. >>> it is good to have you with us on this friday, the final trading day of the third quarter. here to debate and trade the biggest stories of this day are jim lebenthal, stephanie link, jon najarian let's begin with the bull run for stocks, what lies ahead as earnings, trade, all front and center for your money. doc, we're going to keep this going, right got through the historically worst month -- >> turned it into the best month of the year. >> great quarter what happens now >> well, i think we all talk about when bad news can't drive a stock lower, for instance or if, in this case, the broad market we had almost a 5% decline out of italy today that was huge. i mean, when you have people worried about a big economy like that and you can't drive our market down, we were briefly but we've turned

there was a tesla who said he bull whoe to see -- said he would love to see tim --k become teslas chief of sort of where we go from here, how likely is it that mosque is actually going to -- elon musk is actually going to leave or will he reach some sort of settlement? >> they had reached a settlement with tesla and elon musk, but elon musk backed out at the last minute. interestingly, the reporting says he would be banned as an officer of a public company. perhaps there is a way of putting a time limit on that, i'm not entirely sure. the issue is not whether he had a deal in place, it's whether he had a deal at that price in place. nejra: thank you so much to alex webb from bloomberg opinion. isabelle mateos y lago from blackrock investment institute and valentin marinov from credit agricole stay with us. italy's government has reached an agreement on the budget after negotiation.e . the target is 2.4%, over the 2% threshold which emerged as a litmus test for financial markets and finance minister tria. the 10 year rising on the highest since june. credit agricole was one of the houses

. >>> bring on october and q-4 can the bulls keep running in 2019 >>> plus, negative charge. teslae s.e.c. goes after elon musk. we have a top short on the stock and an analyst who says hold the phone. and a bold call on nvidia's next move "the halftime report" starts right now. >>> it is good to have you with us on this friday, the final tr

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after a big rally yesterday, tesla giving back some of those gains. one of the biggest bullsing in the towel today, saying the stock is uninvestable and take a look at treasuries, the two-year yield hitting the highest level since way back in 2008 remember 2008? >> we do it remember it. we've been remembering it all day, in fact we begin with the big story of the day. hurricane florence the category 4 storm is expected to strengthen later today and make landfall early friday longer florence is expected to produce life-threatening storm surge and winds of up to 130 miles per hour nbc meteorologist michelle grossman joins us now with more. michelle, what's the latest forecast what can we expect at this point? >> hi, there yeah, still a very serious situation. we're going to be watching this hour by hour over the next few days and this is what it looks like on satellite so just a huge textbook hurricane. we have the center right there, lots of thunderstorm activity. so really, a very powerful storm right now. a major category so we have a category 4, 130-mile-per-hour winds. it

bulls would say one way and the bears the other. unless you really wanted one of those colors, that is probably good news for most tesla supporters.n also the boys, the company -- all sorts of ways, the company bit off more they could chew and i think the limit that is a good thing. i looked at the kind of limited time, supercharger offer as a little bit of a red flag, because it is starting to feel like you are pulling out all the stops, doing everything you can to boost sales and a sell as many as you can this quarter, and you wonder how many levers they will have to pull next quarter and in the one after that. emily: what is your take on this investment in lucid by the saudis, and what it means for their continued interest in tesla. you have them investing in a competitor formally. max: i would not read that much into it. there are a lot of these companies trying to build luxury electric vehicles, in other words competing with tesla. neo in japan just went public. i think the real players are the big automakers. bmw, audi, etc, so that is where i would sort of think about this sort of competitive stuff. i do think that this is,

bull's-eye. joining us on the phone is david neuhauser. david, you are short on teslaough this came about long before the sec lawsuit against elon musk. what does a tesla without elon musk look like? still -- actually, we need to go to the president right now. hold tight. we will check in with the president first. president trump: i will let the senate handle that. they will make their own decisions and they have been doing a good job. very professional. only hearing a little bit about it, because i have been with the president of chile. i guess the vote was a positive vote, but there seems to be a delay. i will learn more about it as the day goes on. >> what did you think about dr. ford's testimony. >> i thought her testimony was very compelling, and she looks like a very fine woman to me. a very fine woman. and i thought that brett's was reallylikewise, something i have not seen before. it was incredible. it was an incredible moment, i think, in the history of our country. but certainly she was a very credible witness. was very good in many respects, and i do not kno

elon musk rolling the dice with the soek is tesla facing a life without elon the final trading day of the month andy decent september, nice rally will the bulls charge into the last quarter of the year we have the play book straight ahead. power lunch starts now >> and welcome, everybody to power lunch i'm tyler mathisen glad you could join us stocks erasing earlier losing posting modest gains as you see, very modest, very modest the dow and s&p 500 higher for september. don't always see a that with the s&p racking up a sixth month of gains. but the nasdaq is down for the month. chip stocks moving big time. intel rallying following comments from the interim ceo and nvidia surging but amd has been a leader tanking pop goes the weasel over there. more on what is driving this group coming up. and a number of stocks hitting all-time highs right now edward life sciences, take 2 interactive and lowes among them courtney. >> thank you very much i'm courtney reagan here is what else is happening. after an evenings day brett kavanaugh facing a senate committee vote about 30 minutes from now we head to wrkt in a moment. and good news for power lufrmers