man accuses tesla of misleading public with false claims about autopilot and full driving features. the suit alleges the companyd reliability of the self driving technology were deceptive. it claims tesla made the statements to boost sales. > >> the 83-year-old founder pataa is giving away the company to fight climate change. the outdoor clothing empire is worth is worth about $3 billion. the founder is turning it to two enl groups. it is predicted the movl give them about $100 million a . that's a look at your money wath report. > >> let's go to a look outside. e not in the normal category. we are saying good-bye to that. >> i will take this any day ovee hot temperatures last week. we are below average this afternoo. as we wrap up this week and inte weekend, happy friday eve. we are so close to the weekend i cn almost taste it. it almost tastes like rain because that's what we are getting as we extend we extend into the weekend. 70s are in the forecast for us in the east inland areas, north ba, south bay. everyone is hand in hand except for the coast where we are in the 60s this afternoon. rain chances really

(gasping) ♪ >> area law firm has filed a class action lawsuit against tesla claiming the company's self-drivinghnology doesn't work is unsafe and should no longer be put in cars until it is ready. kron four's dan kerman reports tesla's claims that its autopilot provides full self-driving capabilities. >> has resulted in a class action lawsuit. the suit alleges since at least 2016, tesla has misleadingly and deceptively hyped and marketed that self-driving capability. even though the vehicle is not capable of driving on its own religious just could make. >> its people buying it because they think they got me or do driving. when we know it's not ready yet. the lawsuit suggests the repeated number of crashes proves it's not ready for prime time. can't shell technology with it, which is reading to the injury of people. and that's where do with the lawsuit seeks to reimburse tesla owners who the suit claims paid extra for an auto pilot feature that not only doesn't work but isn't safe. >> it also seeks to have the company stopped putting the technology and its cars until it actually works and direct

david: it is an electric vehicle company. tesla seems far ahead of everybody. do you compete with tesla? andrew: this is a technology business. in your earlier question about, how did i get involved? manufacturing. manufacturing is an interesting word being used for a couple of hundred years as we went up the technology ladder. lucid offers the technology advantage and is being recognized for it. mostly, it is the distance we can travel without needing to charge, and that is over 500 miles certified. second is our charging time. we can recharge up to 300 miles in 22 minutes. that is technology. those two topics are about technology. the car is aesthetically beautiful, it drives fantastically, it is totally a luxury car, and clearly an experience. the software that supports it is also technology. but what we have been doing is homing in on the technology side of differentiation. is there room for a tesla or lucid or a bunch of others? of course. we are going to see ev's as the primary mode of transportation in our lifetime. david: where does lucid manufacture it

first, it was individual risk takers who placed bets on the crypt currency than it was companies like tesla that invested big sumps. but the biggest bitcoin, visionary of them all, was certainly naya bew kelly, the president of el salvador. he went big on bitcoin and promised to make this central american country rich. as of late, however, d kelly's big dream seems to be falling apart. oh, monica diaz doesn't remember the last time a customer paid with bitcoin. she says no one here cares much for the crypto currency. as for herself, she spent the $30.00 and bit con, that the government gave out to every citizen. and that was it. see, i also sure i bought something for myself with those $30.00. i'm about, i mean, after that, not much happened in her app. it's a far cry from the economic miracle precedent night book kelly had promised, turned himself into an avatar voice fans talking about investment wealth and a huge vision, reconsidering bitcoin city, and nearly tax free community run on energy from a near by volcano to a mission. lucille complex in midland, so far, none of this has happene

sensations was, which is set to be homeless in small doses of full body have to keep that company such as tesla, metal amazon on developing suits. so that uses can feel touch force and thermal feedback on their entire body. this would make the on training more realistic. and that's better at engaging on muscle memory. but it will still take a while before such suits become readily available. i imagine it probably will be a day where we do have that's the reality of so body suit since and magic displays . but in the future de la, since everybody devices a pro b, as in the short term solution to do b, b r one full body should, is the task lawsuit which provides tactile feedback through electoral stimulation. it can even recreate the feeling of rain on skin or temperatures, arranging from $20.00 to $40.00 degrees celsius. that's pretty incredible, but the sued also cost several $1000.00 euros. a cheap option i have to gloves, like the ones being developed by meta. these simulate the feeling of pressure on your skin, which isn't just useful for playing games, but even without happ, thanks. current

american car company tesla has suspended his funds to manufacture batteries in germany. instead, it seeks to take advantage of tax breaks in the u. s. under inflation reduction law approved by president joe biden. last month. anthony mueller, professor in economics at the brazilian federal university of ga, says that europe is close to a real threat of b industrialization as washington to take advantage of the situation. and the german government itself is responsible for the economic downturn, the skiing, as no smith nots them. it all started with northridge, t, which they didn't once open. then there were the problem with norton and one with the grinning crisis. and then there were the sanctions that they have backed us into a corner or so to speak and paralyzed it. i some, they prepare the kind of a suicide to put it drastically absorbed. well t industrial lation is adder weight in germany. it is, of course, the case that we see the large companies on the want side, global companies for which it's not too difficult to expand their foreign sites because they already ha

when when started with all these companies, like a solar power company and tesla and space x, he was getting all this government money. we called him the $5 billion man because i don't think there was money. whose companies got more money than elon musk yet. but i do i do like fact that he has kind of woken up to the dangers of wokeism that he is now like this show doesn't have any. for example, he wants to he's an advocate of free speech and i have to you know, you have rights, you have the right to say what you want to say. i have the right to say what i want to say. this idea that i don't like. what's peter you're saying? so i'm going to shut your voice down. i don't think that's you know, we're pretty rare in this country among all the countries in the world that we have the bill of rights, which are really to sacred, you know, the right of assembly, right of religion, the right of free speech, you know, the right to bear arms, the right the right of a fair trial, all of these things are really in history, not very prevalent. so i admire that about elon musk at the end of godzilla

saturday at 20:10 on ntv this program continues to be released today employees of the american company teslaout uncomfortable working conditions during the pandemic, they all worked remotely. however, recently the owner of the corporation, elon. musk demanded that the staff return to their jobs. now employees must be in the office for at least 40 hours a week by the return of workers in the company were clearly not ready in the offices there are not enough desks, chairs and other furniture. there is also a lack of electronic equipment, despite such an approach to organizing labor, the corporation's management regularly checks forest workers on the ground and prepares reports for elon musk. at in london, the farewell ceremony for queen elizabeth ii began, the coffin with the body of the monarch was installed in the palace of westminster, people began to be allowed into the parliament building after the service, which was attended by the children and grandchildren of her majesty, as well as other members of the royal family, people began to gather in deminster hall a few days ago according to

i think they all expect to see tesla try to prove that it can differentiate from the other companies, like boston dynamics, that are working on this stuff. we will probably see what tesla has been feeding and elon musk has been tweeting which is manual dexterity and showing that the robot can really do fine motor skills by doing some sort of demo, probably cracking open a beer. i'm sure it will be something weird. maybe throwing a giant metal ball at a truck. ed: we have to see tesla's work around artificial intelligence. we are really focused on optimist that the focus to this point has really been about self-driving. sean: they have spent a lot of time, they have a lot of engineers who have been working on the fundamental research and development and engineering that goes into trying to make their cars be able to drive themselves. they are not there yet and they're going down the path more than any other automaker. the thinking is, in the pitch for elon musk is, we are doing all this work, there's a way that we can leverage that into other lines of business. so whether or not that i

these new revelations come as musk's company tesla set to uni have a human mid to robots at the company'stion and congratulations fox business host larry kudlow crushing the competition on tv and earning "the national reviews" william f. buckley prize for leadership and political thoughts. >> in the midst today of a very fierce battle between the progressives or the socialists who want to tear apart our history. we are fighting a different war it is the same totalitarian evil that is trying to take down america. and we must not let it. >> carley: larry kudlow receiving the award at the ronald reagan presidential library last night in southern california. he crites women buckley as a huge influence in his life. a well deserved honored. congratulations, mr. larry kudlow. >> brian: yeah, number one in fox business. things are going good for him what an honor. >> pete: look how involved he has been in our markets and business and the intersection with politics, larry kudlow has been in the middle of it. >> brian: right. he has. he fit right in with this cull tu you see him in the lunchroom an

some of these companies that are requiring this in to office movement starting today, they want people in the office full time, goldman sacks, morgan stanley, bank of america, teslaies based on the east coast but also in major cities. one expert saying the reason you're seeing this push and pull between employers and employees is folks in these major cities don't want to do the long commutes anymore. they don't want to get stuck in traffic and give up their time they could be spending at home being productive. goldman sacks saying it right here, september 6th, that's today, colleagues can enter goldman sacks offices across the country except in new york city and lima regardless of vaccination status, no requirements to participate in testing or wear face coverings, basically saying there's no reason not to come into the office. there are some companies getting on board with the work at home movement. some are saying, if you can do your job at home, no problem. airbnb, twitter, spotfy. yelp put out a statement saying they're getting rid of office space in three major cities because just 1% of their work force came into the office voluntarily after they said, open

these new revelations, as elon musk's company, tesla, is set to unveil a new fleet of humanoid robots of the company's annual ai celebration. that sounds futuristic, guys. humanoid robots. >> brian: i hope that goes away. i'm not into it. >> greg gutfeld not happy to see that. >> carley: i'm not happy see that. >> brian: everything is gone. hurricane ian submerging businesses across florida like this car dealership you are looking at. as the storm devastates the coast's tight-knit communities. the owners' mission to rebuild, next. ♪ ♪ this is john. he never gives up—no matter what life throws his way. high cholesterol. heart disease. 17 fad diets... 5 kids... 3 grandkids... 1 heart attack. and 18 passwords that seem to change daily. with leqvio, john can lower his cholesterol— and so can you. when taken with a statin, leqvio is proven to lower bad cholesterol by over 50% and keep it low with two doses a year. common side effects of leqvio were injection site reaction, joint pain, urinary tract infection, diarrhea, chest cold, pain in legs or arms, and shortness of breath. with leqvio,

like it and it's been hard for tesla to hire because of that, which i doubt because i think tesla is a cool companywork for stu: david, what do you have to say about tesla back to the office? david: biggest nonsense back to the office ever. anyone complaining about going back to work, fire them. if they complain about it, fire them. if they go use their cell phone outside as if they don't have a desk to make a call, fire them. i'm tired of it. get people back to work. elon musk has been a leader in this area and plenty of people now in new york city started getting their people back to work, way too late if you ask me, the law firms took about two years to get back to work, but tesla's done the right thing and these people complaining about it should probably say thank you and go on their way for their very good job and very good stock options. stu: i'm glad we got out of you this morning. david: i'm holding back. stu: we open the markets in 19 minutes and we'll be down a fraction. coming up, people of sussex, in england, fed up with prince harry and meghan markle and calling for the duke and duche

is a group that's been beaten to a pulp by sellers that flock to own one vehicle company, tesla the stocks are so cheap especially at 4% yield gm is doing incredible things with self-driving. ford is award winning electric vehicles, just not enough of them we hear how expensive this market is but stock sells seven times earnings, g.m. six goodyear tire trades six time earnings, too. do you think they hit rock bottom the hedge fund playbook says you can't earn the autos going into a recession. if use disagree with the playbook and i do, it trumps everything in this environment we're sticking with the travel trust. you know why i'll tell you why. we'll talk about it tomorrow you don't want to miss it. it's not easy to stick with any auto company that's got internal combustion engine business they call them ice like ice don't get me ice -- give me -- they call them bears electric cars absent tesla aren't immune, either. even as i went by a showroom the other day, it was packed it's not what you can afford second, lower profile bear market, how about getting mauled at the mall? bears are roami

tesla has had several recalls in the past few years. but, he says that's not unusual for a companyinnovate, pushed the envelope, try new things. and so their necessarily, i think going to get their nose in trouble a little more often than other carmakers. the problem can be fixed through an over the air software updates owners don't need to bring their vehicles in for service. tesla says it's not aware of any injuries caused by the problem. alrighty taking a look at those temperatures from today we know it warmed up from a few degree over a few degrees from yesterday, and it's going to continue to warm right into saturday and sunday will friday , saturday and sunday. these were the highs from today highs tomorrow will be a little bit warmer than these 85 antioxidant . tomorrow it goes 89, maybe 90 and antioxidant bit warmer. and then on the weekend, saturday and sunday, we get our numbers as we showed you earlier into the mid nineties on the high end, so 93 to 94 to 95 in the hot spots, so it's gonna be a very pleasant and it's hot. but in antioch and livermore 94 degrees is kind o

s sacramento man accuses tesla of misleading the public with falss false claims. it alleges the company knew that statements about the safety and reliability reliability of the technology were deceptive and claims tesla made the statements to boost sa. > >> louis vuitton is turning off the lights. lvmh which owns louis vuitton so they will cut energy consumption by 10% over the coming year. > >> the petaluma city council is voting in favor of new protectis for tenants. it is an ordinance that will protect renters from being evicted without proper reasoning or notification from property owners. it goes into et in october. > >> this is new video out of sane san jose. in her apartment building is getting a lot of attention. this is the latest in in the city and features muralsn the outer walls. if that wasn't enough for you, the top floor is is an art gallery. it is reallyl to check out what is also realll really beautiful is the weather we are hopping. >> for the first time in a week or so, i can say that we have beautiful weather heading into s weekend. take a look at this wih partly clo

. >>> tesla takes issue with california over racial bias with the company. >>> reminder sign up for the most powerful and impactful investment conference of the year cnbc's delivering alpha. it returns on september 28th in new york city. it's in person i'll be there. part of the program. to register, go to liriala.m. we'll be right back after this sg trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. another busy day? an of course - you're alp sha cio in 2022.lls, but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. >>> red arrows futures pointing toward a rough end to an alr

only seven minutes, the vote was three, according to bloomberg, the owner of the tesla mask planned to purchase companye of $ 54 and 20 cents per share, and the total amount of the transaction is $ 44 billion now for one paper twitter gives a little less than $ 42 and while the shareholders voted the cost practically did not change . check the company's data that the number of fake accounts that are used, among other things, for sending spam, does not exceed 5%. according to the mask, the social network underestimated their number, and also did not provide enough information upon request and already july 8th. the businessman refused to buy twitter the two sides went to court hearing. in october, but it is possible that the participants in the dispute will still go to the world. residents of the dacha village of morkovo, like all normal people, want to spend evenings with their families watching tv. songs from the bottom of my heart good evening everyone rosneft will issue bonds in yuan placement feature, long term and large volume of 15 billion. meanwhile, russian companies are increasingly using the c

acquire jpmorgan yes, i'm only joking but it does happen, you know tesla has large enough market cap to buy any one of the auto companiesut who will acquire tesla so, i do think this opportunity is a possibility, the new companies do not want to take on the legacy infrastructure and, hence, it's much better for them to grow on their own or acquire small innovative players rather than back into legacy infrastructure i think this conference i'm at, crypto is a big theme. the blockchain will, in a way, disrupt a lot of models. i doubt it's one of the traditional players that will be the big player in the end in the blockchain space >> we just had ftx.us who was at salt you were there earlier i did want to get to climate tech with you, because i know that's one of your areas of expertise. since we have the inflation reduction act, since it got passed, i wonder if you think that opens up more opportunities and where that is? >> i do think opportunities were always there the inflation reduction act will definitely accelerate some of these technologies hydrogen for one will be accelerated. energy storage will be accelerated. w

company. how do you compete with tesla when they have such a large share of that market?ndrew: this is a technology business. in your earlier question about how i got involved i said manufacturing. manufacturing is an interesting word. humans are inventive and innovative because of technology advantages. lucid offers a technology advantage and has been recognized for it. the distance we can travel without needing to charge is over 500 miles, epa certified. the second is our recharge time. that is technology. those 2 topics are all about technology. the car is aesthetically beautiful. it drives fantastically. it is totally a luxury car. the software that supports these -- what we have been doing at lucid is honing in on the technology side of differentiation. is there room for lucid and tesla and a bunch of others? of course. david: where does lucid manufacture its cars? andrew: arizona just outside of phoenix. david: if i wanted to go by when, where do i go by one -- buy one, where do i go buy one? andrew: you are in the right place to buy one! we have a retail strategy.

got a lot of these other companies now that are starting to lay off, a lot of major tech companies whether it's teslaoffs. so if your -- in your space do you see the company growing in and how do you explain to me or to our viewers what's going on in tech that we are seeing the layoffs that we are considering there are so many bright, exciting things ahead as far as cloud services go? >> well, there's still a lot of growth in tech and, again, that's driven by these macro tailwinds, clouded option is not slowing down. most of our large customers are in the midst of significant digital transformation, and they're continuing those projects. and when you think about the developer community, there's still more open develop kerr roles, more jobs than there are talented, experienced developers to fill them. so when we hear about some of these layoffs, what we actually see are developers moving around, and that ends up in some ways being a good thing because they take their experience with pagerduty and they ask for it in the next company. and, you know, i've been around for a quite a long time, i've seen th

technology-related trade still very much a huge focus outsized losses, microsoviet, google parent company, alphabet, and tesla. now we are up anywhere from 1/3 of 1% for microsoft all the way up to 4% for tesla a big bounceback and what i want to highlight for you, brian microsoft and alphabet the parent company of google outsized losses yesterday. both of those stocks entering trading today were less than 5% away from 52-week lows a lot of traders whether or not this is a level. watch that megacap trade >> we have a market cap loss coming up on the show, dom, which dare i say is random but interesting. thank you very much. so let's bring it all back to your money no matter what the fed rate hike is at next week's meeting, the one thing that is definiteis that there will be a hike. does that mean for run for cover? buy the dips what do you do it's a confusing time, has been a confusing year joining us is david spadeck. when your clients call or email or text or whatsapp, what are they asking? what's the biggest question you're going >> i think for the most part, they want to know, are we going to have a reces

that includes companies like apple, microsoft, alphabet, tesla. if you strip it down and look at the s&p 500 u.s. revenue index, no-show companies more dependent on domestic sales. you can see the big difference when talking about a 22% decline versus a 10% decrease. you can see how it is impacting these multinational companies to have more exposure. we are talking about big tech names like apple. kriti: apple is a multinational conglomerate -- the american consumer, the s&p 500. if you look at the dollar strength, in theory, the consumer can spend more and more. you factor that into the apple supply chain and it does not work that way. jess: apple and other big tech companies have been moving beyond china. they have gone in recently as well. you look at some of the cheaper exports, korea, taiwan, they still have to deal with a headwinds, supply chain concerns. not only apple but netflix, google, ibm, they all warned this past earnings season about how the currency fluctuations will impact them moving forward. this afternoon, hearing from apple. jp

it's the latest in the ongoing legal battle between the tech company and the tesla billionaire. twitter sued him in july after he walked away from a $44 billion deal to buy the company. he countersued right back, saying that they misrepresented how many users were actually on the platform. in the hearing, his lawyers argued that they want to use a whistleblower complaint in their countersuit. it accuses twitter of undercounting the amount of spam. twitter reports that those claims are direct context. sentiment is a technology reporter at the wall street journal. you listened in. how did both sides handle all this? >> delay the arguments of number of topics. we talked about funding, and the whistleblower complaint. >> if the team can use that complaint, if they get the right to do that, what does that do to his case? does that give the ammunition he needs? >> it certainly could give him some sort of boost, but it is difficult to say. some of the claims in the complaint don't quite align with the argument that he has made. it could be considered to his advantage. >> a battle of the

regulators. >> 6.39 is the time and a bay area law firm is suing tesla over its self-driving technology. the firm claims that the company'soesn't work and isn't safe. in fact, they claim it should no longer be offered in cars. kron four's dan kerman has the story. >> tesla has claimed its autopilot provides full self-driving capabilities, but a new class action lawsuit suggests the car can't drive and its own. and in fact, that's all marketing and hype. and tesla knows this. >> that selling electric car with, quote, full self-driving capability and charging people that additional money. for that show. cool technology that does not work. the lawsuit suggests the repeated number of crashes proves it's not ready for prime time. it is a large one of the largest automobile dealers in america. as we know. showing a car that is a safety hazard on the road. if you use self-driving technology. the lawsuit seeks to reimburse tesla owners who the suit claims paid extra for an autopilot feature. >> the not only doesn't work but isn't safe. it also seeks to have the company stopped putting the technology in its cars until it actually

all this as twitter prepares to go to trial with tesla ceo elon musk. the companyccusing him of trying to back out of a $44 billion acquisition deal he had previously agreed to. >>> still to come here on cnn, the u.s. president announces an ambitious plan to reduce cancer deaths. how he plans to save others from the same disease that took his son. do stay with us. rapid wrinkle repair® smooths the look of fine lines in 1-1-week, deep wrinkles inin 4. so y you can kiss wrinkles goodbye! neutrogena® - [narrator] as you get ready for what's next, custom gear from custom ink can help make the most of these moments. we've developed new tools to make it easy for you. custom ink has hundreds of products to help you feel connected. upload your logo or start your design today at customink.com these folks don't have time to go to the post office they use stamps.com all the services of the post office only cheaper get a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again. >>> u.s. president joe biden says he has a plan to cu

it will be interesting to see which of these companies they team up with >> coming up, apple dethroning teslast shorted stock according to s3. a headline like this, is it a warning to stay away or go long? that's next. my finances were all over the place. and my banking relationship was getting... well, complicated. hahaha! so, i broke up with messy accounts and moved my money to sofi. now i earn higher interest on my checking and savings, and bank, borrow, and invest—all in one app. feels nice being in control. break up with bad banking. get up to 2.00% interest, and bank, borrow, and invest—all in one app. plus, download the sofi app and earn up to $300 when you set up direct deposit. sofi get your money right. - yieldstreet presents: alternative investing when you set up direct deposit. with kal penn and older kal penn. - oh, the stock market is doing that fun thing again. - hey news from the future, you're going to live through that about 10 more times. (laughs) - oh, it's no stress. i just discovered yieldstreet. they vet investments that don't ride the stock market rollercoaster. - ooh.

plus, a new lawsuit against tesla claiming the feature that helps make that company a lot of money. >en work. i'm ken wayne. i'm pam moore. the news at 6 is next. >> from the bay area's local news station. you're watching kron. 4 news at 6. >> now it's 6. an investigation is underway after of allay high school coach was shot while trying to break up a fight right outside of school. thank you for joining us for kron. 4 news at 6. i'm pam moore and i'm ken wayne. officials say the coach is now recovering at a hospital. the shooting happened yesterday afternoon just before 4 o'clock on 4 says the talked with a parent who describes the scary moments when she was trying to pick up her son from school. >> this concerned parent is describing what her son experience when shots were fired during a fight between students and who police are calling unknown mills tuesday at around 03:40pm, on campus in vallejo, this parent who asked not to reveal her identity says she learned about the shooting on social media. i just will look at facebook announcing somebody say pray for somebody. >> they just g

tesla. what he is going to see is the detroit companies making billions of dollars in investments to rollout of lot of -- a plot of new versions. the ford f-150 lightning has been on sale for a few months. gm is featuring a new suv that's going to come out next year. they are making a huge push towards of electric vehicles and i do think you are going to start to see much more dramatic ramp ups in the number of vehicles. he is going to talk about other things. the government's purchase of electric vehicles that calls for ending the sale of the purchase of nearly all not electric or plug-in hybrid vehicles. as well as the first $100 million in funding from the infrastructure bill that money is going to go to put those charges in. one issue with electric vehicle adoption is there are not enough ev chargers. it is critical that there are enough turgid capacity and not just in both the areas or people already have evs. he is going to see a lot of cars. he will see a lot of new models. host: i did see you posted an article just this morning about the $900 million in electric vehicle charging stat

you will miss allocate resources in electric vehicles made by union companies which counts out tesla,ounts out foreign manufacturers of electric vehicles which i think is a violation of the wto. that is inflationary. more subsidies for healthcare through obamacare. it is clearly inflationary. it is the inflation production act is what joe biden signed into law. >> you are the president say inflation was at 0% in july. he seemed to think we were out of the woods. >> once again, i do not know who briefed him and i do not know who writes his talking points, but he is way off the mark. americans in my state are seeing a percent plus inflation every month for the past for months. a typical family here in arkansas makes about $44,000. it is costing $6900 more this year for paying for that same basket of goods, gas, groceries, rent. the president is out of touch on this just as he is out of touch on a number of other issues including border security and other safety in our communities. >> congressman french hill we will see what the federal reserve decide to do on wednesday. thank you. >> gr

in any way given that it's -- i mean, i know tesla now has factories there, but this is a china china companyay because tesla has been in such favor of the chinese government you could see that with its relationship with the shanghai authorities and recently when there was trouble in the southwest with the power shortages, the fact that the shanghai authorities were leaning on the authorities out southwest to try to make sure that the suppliers there were going to be able to prioritize tesla if they can. so tesla does have a really good relationship, but at the same time one of the big complaints of a lot of foreign companies here has been that china does at the end of the day favor its own companies and that it does want chinese rivals to be able to perhaps compete if not supplant some of the foreign companies. >> eunice yoon in beijing, thank you for bringing us that story this morning thanks. >>> coming up, former td ameritrade chairman joe moglia is going to join us in the surge, bond yields and the impact it's having on retail investors in the broader market. as we head to break, a progr

. >>> when we return, we get the latest on tesla as the company launches a legal battle to sell carsers in louisiana. >>> you can get the best of squawk pod on your favorite podcast apps and follow us anytime. we'll be right back. and that was important for me because you can't be what you can't see. the ey entrepreneurs access network has a tremendous impact on my business and other african american and latino entrepreneurs across this country because they give access to networks, business opportunities and capital. technology lets autonomous vacuums work continuously around the house, but when your team has to work seamlessly around the world... you need more than technology. you need cdw who can help transform your organization with built for performance lenovo thinkpads. pre-configured for management flexibility and equipped with the intel evo platform. responsive collaboration tools give your team effortless connectivity to stay focused wherever they work. fetch. lenovo makes seamless productivity possible. cdw makes it powerful. >>> at the tesla filed a lawsuie able to sell car

when when started with all these companies, like a solar power company and tesla and space x, he was getting all this government money. we called him the $5 billion man because i don't think there was money. whose companies got more money than elon musk yet. but i do i do like fact that he has kind of woken up to the dangers of wokeism that he is now like this show doesn't have any. for example, he wants to he's an advocate of free speech and i have to you know, you have rights, you have the right to say what you want to say. i have the right to say what i want to say. this idea that i don't like. what's peter you're saying? so i'm going to shut your voice down. i don't think that's you know, we're pretty rare in this country among all the countries in the world that we have the bill of rights, which are really to sacred, you know, the right of assembly, right of religion, the right of free speech, you know, the right to bear arms, the right the right of a fair trial, all of these things are really in history, not very prevalent. so i admire that about elon musk at the end of godzilla

. >> tesla, sun any of the companies that make inverters, which is a kind of a process pg and e will gets money because going to be upgrading their panels for them. the boxes on the telephone poles, it could be about 40% faster adoption by 2027 in large part due to the inflation reduction act, which basically is a climate change bill as well. it's going to triple a sort lay shunned by 2027 10 inflation knowing that this is going to be giving people a break for 10 years in tax credits, it's going to happen faster. we think if you're an investor like i am i google soared vestments and start thinking of exposing some money to it as risky investments. but i think it's a no-brainer. i see a mike energy prices. i've got $40,000, solar panel and sort battery in my home and my electricity bills have gone from $900 a month down 100 or less per month is a no-brainer for the average american with rates going higher and higher and higher and blackouts becoming more and more common. so i'm just in the 2nd quarter, even before this to a tax i'm not tax. but with inflation reduction act up, 37% in

co-founder and former ceo jack dorsey will be questioned on tuesday by lawyers for the company and elon musk. the teslais trying to get out of a $44 billion acquisition deal, an offer the shareholders accepted even after musk got cold feet. the two sides will face off in a five-day trial scheduled to begin on october 17th. and thank you so much for your company. i'm rosemary church. be sure to connect with me on twitter @rosemarycnn. "early start" is coming up next. have a great day. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. ™ . >>> here we go. it is tuesday, september 20th. 5 a.m. exactly here in new york. thanks for getting an "early start" with u