i'm a tesla fan. edison built a business. he bought other people's patents. he was inventive himself, but he was ruthless in growing that business. he attacked tesla for many years on ac/dc. elon musk does much the same. he is innovative but he is running a business. if you look -- building tesla in nevada where we are right now. the fact is he is going to shop, push them and he pushes them for tax rebates and everything he can because that is the bottom line. is that innovative? does that sound like the creative type that he is? don't think it does but it is interesting to look at somebody i hold in high regard advocate the profit motive of how they are running their business and how it translates. he is not just inventing for america's greatness but inventing for himself and his business and that is how he is running. >> host: lots of profit motives being inaugurated in the amazon hq search. >> guest: that is interesting to watch. kind of scramble for it and some states opt out. to get on the amazon hq 2 search companies are giving out tax breaks, giving out

i personally am a tesla fan but edison built a business. he bought other people's patents. he was inventive himself but he was ruthless and growing that business and in fact, he attacked tesla for many years on ac/dc. elon does much the same. these innovative but he's running a business so when he goes into a state like if he's going to decide to put a launch pad in arizona or build tesla's in nevada where we are right now, the fact is that he's going to shop. he's going to push them and he pushes them for cash rebates, pushes them for everything he can because that's the bottom line. is that innovative? does that sound like the creative type that he is? i don't think it does but it'sinteresting to look at somebody i hold in high regard and look at the profit motive of how their running their business . is not just inventing for americans greatness, he's inventing for himself, for his business and that's how he's running it. >> are lots of profit motives being inaugurated in the amazon hq to search? >> guest: amazon hq two is interesting to watch. it interesting to watch thi

elon musk is hoping to harvest the power of the tesla fan base.ime customers are volunteering to answer questions from buyers. to make sense of the latest turn, dana holding joins us now. you have been talking to these volunteers all day. what are they doing? >> a lot of them are existing owners. they are very passionate. they recognize this is a make or break quarter and they want to help out. it again on twitter where an existing owner volunteered to elon musk, i am an owner, do you want me to help out? like, that would be awesome. you are seeing droves of people volunteering to help out. >> what does it say about the ability of tesla to get cars out fast enough? >> they have a lot of questions questionsging, electric vehicle drivers are accustomed to asking. the service centers are packed. pressure is increasing from investors. what are the expectations for this particular model? has indicated they are going to deliver and sell more than double last year. -- musk. they were expecting deliveries of the model three, way more than double last quar

max: the core tesla fans will not be dissuaded by this. if anything, people are attracted to the bad boy reputation of elon musk which seems to be only growing with the latest criminal probe. recruiting will certainly be an issue. anytime you try to bring over experienced executives at the time where the labor market is tight, criminal probes will not be an enticement. on top of that, the stock price is not doing great. it is sort of this bunch of little things that all together could add up to a big thing for tesla. emily: in the meantime, the investigation is happening alongside the sec investigation or potential investigations. thatis the significance there is also civil investigations underway? that'sat is something lawyers for tesla would be mindful of because they do not want to inadvertently harm themselves in defending against civil actions in the way they respond to regulators in the justice department. yet, the primary concern will be them, but it is always something running in the background that you do not want to harm yourself

the company and everybody else to move on and deal with other challenges >> fair to say you're a tesla fan think elon musk should have taken the deal and either way, how do you think he fixes this now >> yeah. i am the least objective person you can have on, i am friends with elon since before tesla, i own every car and love them and am a super fan this is a challenging situation. i think in elon's mind, he met with the saudis, they offered to take the company private, built a 5% multi billion position, and that to him meant they were committed. he took them at their word this is me guessing on the information we have. and i think it is not unreasonable so he probably feels this is a reasonable position. if you went to ten different sovereign wealth funds, norway, apple, google, anybody with 10, $20 billion in cash sitting there, they would all want to take tesla private i think he felt like he did it the right way. they're saying there should have been a written document, and the board was caught off guard according to the report. the sec is in horrible position. they don't want to destro

say, okay, we need someone new >> do you believe he should be ceo of tesla >> well, i mean, it's a tricky one. he's adored by his fanase, and it's been he who has been a big part of growing the tesla brand to the size that it is today i think now we are in a situation where we're not just looking at -- the customers can't just be these rabid tesla fans anymore it needs to be a wider customer base who are wondering whether to move from their audi, their mercedes, and to be frank i think they would be slightly worried about what they see at top of tesla leadership >> so much conversation will be around elon musk and his tweets. let's talk about something that may matter more, that's the customer nick, do you believe there are people out there who were thinking about buying a tesla automobile, just a buyer, and they will now see this news and think twice? does it hurt sales of the car? >> it is a good question i think what hurts sales more i think is the fact that tesla customers are not getting what has been promised. there's so many broken promises, and a lot of that comes from musk if you're looking to spend this am

on tesla unveiling on all electric suv of its own and how the german automakers are appealing to tesla fans. binge this. we will tell you about the post- buzzy new words making their way to the dictionary. back in a moment. touch shows how we really feel. but does psoriasis ever get in the way? embrace the chance of 100% clear skin with taltz. up to 90% of those with moderate to severe psoriasis had a significant improvement of their psoriasis plaques. most people were still clearer after one year. with taltz, 4 out of 10 even achieved completely clear skin. don't use if you're allergic to taltz. before starting, you should be checked for tuberculosis. taltz may increase risk of infections and lower your ability to fight them. tell your doctor if you have an infection, symptoms, or received a vaccine or plan to. inflammatory bowel disease can happen with taltz, including worsening of symptoms. serious allergic reactions can occur. ready for a chance at 100% clear skin? ask your doctor about taltz. you shouldn't be rushed into booking a hotel. with expedia's add-on advantage, booking a fligh

. >> i do not think that tesla fans or those owning a tesla or ordered one and waiting. i think they look at this and say, nice, elon, stick going to the government don't put up with the government, elon his fans love this in reality, however, the investors are the ones who are the biggest concern for tesla. because they have that elon musk proposal yum built inpremium ine stock. let's say the stock tanks. and today it's trading in a relative range to where it's been if it starts to tank that's a concern for the company. but at the rage are range where it's at right now, i don't think this is enough to spook the tesla management perhaps to the point where they go to elon and say you got to settle it and get it taeb taken care zbloof rob of guggenheim and our own phil lebeau. >> we want to listen to mark zuckerberg on a conference call about discovering the security issue earlier this week. >> we are in touch with law enforcement to help identify the attackers. what we don't know yet know who is behind the attack, we are working to understandmore details about what happene

lawsuit from america's financial regulator, it is enough to make even mr musk‘s biggest fans wonder if the teslao come to a screeching halt. bbc news, new york. with me is our technology correspondent is rory cellan—jones. you got a phone call this morning saying, please come on the show and tell us more. always happy! what is the border said? the board has come out in full support of mr musk, the statement says that tesla and the board of directors are fully confident in elon musk, his leadership and steering of the company. yet i think the board itself will come under increasing scrutiny. this is a compelling narrative from the sec and lays out exactly what happened between elon musk, his fellow board members, and it does not look pretty. there is no real sign that they were much of a restraining influence. we've seen him come up with a very sketchy plan, without the funding that he said was secured, and where are the directors, saying to him, wait a minute, is this wise? is there any defence in saying, it was only a tweet? not. two things. we know that twitter has consequences. everyone shoul

the people who own tesla stock are fans. they are believers in the long vision.re lending money. sinceed a more reliable you're going to keep repaid at the appropriate time. it makes sense the bond market would react strongly as it did. and really be looking for this sense of profitability and stability from this company. we will see if any of that materializes. meanwhile, as we talk about marijuana, it is incidentally legal in california where the podcast was recorded. marijuana stocks are in the green and then some. the index has gained 50% since mid august. they are getting a boost from easing regulations. in sales are legal massachusetts at so well. -- as well. >> the next eight to sell recreational marijuana is gearing up slowly. pot sales on legal in marijuana as of july 1 but it can't be sold until tested at a licensed lab. free from they are dangerous pesticides and mold. >> the biggest obstacle has been the labs not being licensed to tested. now it can. marijuana testing lab ctx analytics is one of two that one state approval. the web has been testing me

. >> reporter: is a new corporate control for tesla, and lessens damage to shareholders. fans of the cars, and elon musk had mixed reactions. >> there are great ideas for cars need to keep pushing it, as far as him personally, maybe it's time for a change. >> i guess, he might have his idiosyncrasies, and quirks to his personality but he has vision. which is not very easily found. so, i think he should be given another chance. >> reporter: the scc says the resolution will prevent further disruption in the market. so it's hard to determine what that stock will look at -- like on monday morning. tesla agrees to appoint two new independent direct -- director to the board to monitor and watch of rock medications, from you on musk. we are live in walnut creek, ktvu fox 2. >>> new at 10, governor jerry brown has sent a bill to boost affordable housing for students. they will now be able to qualify for identity bonus that helps builders to build 34% buildings. this it will create more construction of housing and will -- will allow more students to have access to affordable housing. >

stay on tesla, market watcher gary kaltbaum with us this morning. gary, i know you're no fantesla or musk, do you think he's done at least as ceo at this point? >> well, i'm a big fan of musk as an innovator but not a handler of this company. if you remember, the day after i was on your show this was fraud in plain sight, and that's why i think the sec was able to come out very quickly. that's not normal for the sec to do this. i think least in big trouble. i think they mean business. i'm surprised -- i guess they put a settlement on the table, and musk backed away, but i gather that settlement had a ban of a certain time frame, and they just put the hammer down. and the biggest problem for this company is they need to raise money going forward. they've had the wind at their back with an easy money environment and a strong stock price. if that changes, not good news for a company that loses a ton of money every time they produce be a car. so next few months going to be the big, big stuff for this because he is tesla. more than any ceo in this country, means more to country --

to sleep loss and possible bipolar conditions months ago, a ceo of tesla and cofounder of nero link willing to cut them a break. the fans. >> he's a brilliant guy he is doing important things.>> he is extremely smart and creative. there is a difference between being a public company ceo and an innovator.>> reporter: the cars make great eye candy even better if you can afford to own one. no problem here, it may have been a moment but his future is not up in smoke just yet. >> unless they take him away in a funny suit i'm not going to worry about it.>> reporter: he said he had an announcement in the very near future. many argued he was relaxed in the podcast speaking well that he does not speaks well for the company.>>> more than 100 people took to the streets of san jose to express their grief and outrage over the killing of a young husband and father. the group mothers against murder organize the march in response to the fatal stabbing of a man last sunday. the sheriff's office said he was killed when he went to question two men sitting in a truck outside his home on raymond avenue.>> this is a senseless murder and we o

saying tesla did not manage to meet its 6,000 a week model production target last month amid musk's going private controversy became one major speed bump for traders. then goldman sachs fanninghe flames today, little bit of doubt here, reinstating tesla with a sell rating saying shares could lose as much as 30% of their value in the next six months due to increase in competition in the electric vehicle market. charlie gasparino has been all over tesla's drama since elon's infamous twitter storm and joins us now with what looks to be glass half full or half empty scenario. half empty, goldman says it's a sell but half full, maybe it's cheap for somebody else to buy. >> i will say this. what hurt a lot about goldman, goldman was one of its advisers. the adviser was out of coverage, suspended coverage. we will see what morgan stanley bring back coverage at. as soon as they come back, they basically say hey, we will cut the stock price target down to about $200 a share and say this is going to be a rocky six months for the company. you know, liz, i tell you, i take no joy out of, you know, attacking this company, because i think elon musk wants to do the right thing. wants to do

well, it is enough to make even mr musk‘s biggest fans wonder if that hasluck co—founder‘s while the ride is about to come to a screeching halt. —— the teslatay in the us, where time is running out to save the north american free trade agreement. president trump famously called it the "worst deal in history," blaming it for the loss of millions of us jobs and vowing to shake it up. he has already got mexico to agree to new terms. but there's been seemingly little progress with the third partner canada, amid reports he refused to meet prime ministerjustin trudeau for talks this week. the big sticking point is dairy. canada imposes import taxes or tariffs of between 200% and 300% on foreign milk products and president trump says this is just too high. he has threatened to hit what he calls the "motherlode" of canadian exports to the us, the car industry, a trade worth $200 billion a year. the us wants a new deal signed off before the new mexican president takes office on december i. us law states any trade text has to be published 60 days before a vote, so a deal must be done by this monday, october i. there is a huge amount at stake. around

stuart: jeff, you're not a fan of tesla. we've got this latest executive leaving. >> that is what is remarkable. elon musk is about to preside over the biggest broom closet company in america and still have the stock staying where it is. i think what people have done is, there is this tremendous cult following and people believe that the company could exist without elon musk but what is ultimately going to happen they have to look at the fact, number one, as i said before, i know lemonade stands that make more money than tesla so that will ultimately determine the stock will be. stuart: john, tesla. >> i agree. the debt is the problem here and elon musk's personal debt with tesla stock. coface margin calls if the stock goes around $240 this is a real problem that could have a cast indicated effect. stuart: the stock stays close to 300 bucks a share. i find that extraordinary. amazon we told you at the top of the show, released 70 new products for you and alexa for your car and a microwave that can talk. they did this before, day before stole the buzz before apple a

tesla which continue to get pounded. mike ko will tell you how to profit plus, calling all options action fans, reach in your pocket and tweet us your question @options action if it's nice, we'll answer it on air. when options action returns. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the marke

. >> some of his most loyal fans are not as concerned. joal has owned two teslass pot smoking of just one of his eccentricities, part of what makes him who he is. >> you have guys inventing flamethrowers and selling them. and a guy that is saying, let's dig a hole in this boring machine. he is so out there as far as his creativity, compared to somebody like yourself and myself. you got to let those guys go. there in a different world. i'm okay with that. >> the air force is also looking into this incident because musk has a security clearance in one of the terms of the security clearances to avoid the use of marijuana. it could end up costing him very valuable contracts. in fremont, len ramirez, kpix 5. >>> facebook is apologizing for censoring the late burt reynolds. several users complained that they were blocked from posting this iconic 1972 centerfold from cosmopolitan magazine. it of course shows a nude rattled censoring himself with a strategically placed hand. facebook blamed the mistake on a bought that is tasked with detecting nudity. he died of a heart a

perhaps the board isn't strong enough to move past tesla and tesla.lly elon musk being >> yeah, so far, the board seems to be sort of the elon musk fan club. there have been questioning about whether they are doing enou c to protect thepany and all of the shareholders. this lawsuit might be the move that it takes to get the board to say, okay, now we are going to act independently and we are not just going to be in musk's corner. we have to look out for the company. and we have to look out f all the other shareholders. >> elon musk just saying that them lawsuit f the s.e.c. is njustified, perhaps a predictable response from him. but wall street seems to be weighing i and even though perhaps we should think of tesla separate om elon musk, it's obvious that wall street does not. >> yeah, you know, much has been de, including b board members and a lot of wall street -- a lot of of equitly as said, oh, no don'to anything about musk. without him there is no tesla. they may have td f a face saving way to backtrack from that. cause i think there haso be a tesla without musk. and you know, the always say they look forward to their day in cou

tesla continuing to get pounded. mike ko tells you how to profit. plus calling all "options action" fans reach into your pocket, grab your phone and tweet us your question at "options action. if it's nice, we'll answer it on air, when "options action" returns. see that's funny, i thought you traded options. "options action" is sponsored by "options action" is sponsored by think or swim by titrade, we cau through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade the nation's largest senior-living referral service. for the past five years, i've spoken with hundreds of families and visited senior-care communities around the country. and i've got to tell you, today's senior-living communities are better than ever. these days, there are amazing amenities, like movie theaters, exercise rooms and swimming pools, public cafes, bars, and bistros,

tesla itself has been struggling to meet production targets. when you add a fraud lawsuit from america's financial regulator, it's add a fraud lawsuit from america's financial regulator, its and often make even mr musk‘s biggest fansorway could remain shut between warwick and henley—in—arden for the rest of the day following the 4am pile—up. warwickshire police posted this footage on social media showing emergency crews tackling the lorry fire. now it's time for a look at the weather. breaking news — adam price has been declared the new leader of plaid cymru. that has just been announced in the last few seconds. he was one of two challengers to leanne woods, who has led the party since 2012. adam price, justin last few moments, declared as leader and i think we can hearfrom him. he speaks welsh. well, mr price had called for change in the party. he said this change couldn't be put off. joins the welsh assembly in a by—election in 2013, previously a reporter for bbc wales. and he has just previously a reporter for bbc wales. and he hasjust been previously a reporter for bbc wales. and he has just been declared previously a reporter for bbc wales. and he hasjust been declared in previously a reporter for bbc wales.

tesla from the business standpoint. from the stock standpoint until recently was fan tas ib.ou don't get to trade at a $50 billion enterprise value, which is where it is today, which is twice ford's, by having no cash flow to speak of for half the enterprise value and has two and a half times ebitda multiple. what you do from here, my thought is if you put the trade on, the high 300s, because of the hol vio the volatility, i think you have a stock that's headed into the single digits. >> if i hear you correctly and please correct me if i'm wrong, i hear you making the case based almost solely on fundamentals of tesla, which you say are deeply in question rather than the judgment of musk or his capability of running the committee. the irony is that rogen tries to save musk almost by saying well, you can't really do that with stockholders and a perfect moment for musk b k to say to say you know what, you're right, especially given everything else that's going on. but what does he do? takes a hit of the joint after that >> understand the psych key of elon musk, telling him he ca

tesla fell 4% after worries of musk's yes ratterrat behavior. >>> netflix could lose customers if it starts running commercials a study says. fansike it exactly how it is, ad-free. it says it's not considering ads, but customers started raising concerns when promos started showing up between episodes of some netflix shows. >>> forecasters say it could become a catastrophic hurricane. the waning alorning along the c coast. >>> and the reason some are calling for the name to be removed from uc berkley's law school building. ♪ flintstones! meet the flintstones. ♪ ♪ they're the modern stone age family. ♪ ♪ from the town of bedrock. ♪ meet george jetson. ♪ ♪ his boy elroy. with instant acceleration, electric cars are more fun to drive and more affordable than ever. electric cars are here. plug into the present. ground. roughly a million people are >>> right now at 6:30, a steady stream of cars heading for higher ground. roughly a million people evacuating their homes. the category four storm is closing in on the eastern seaboard and is projected to be the strongest hurricane to hit the mid atlantic in decades. >> president trump issu

tesla board of directors? >> they seem to kind of let musk go out on his own and be a bit out of control. t e b thatt musk's most loyal fans are not as concerned. joel wyrek has owned two model s's and sees the pot smoking as just one of musk's eccentricness and it's just who he is. >> you've got a guy who is inventing flame throwers and selling them and let's dig a hole with his boring machine. he's so out there with his creativity compared to yourself and myself you've got to let those guys go. they're in a different world. i'm okay with that. >> reporter: the air force is looking into this incident because musk has security clearance and one of the terms is to avoid the use of marijuana. it could end up costing musk some very valuable contracts. in fremont, len ramirez, kpix5. >>> nike sales are spiking tonight following the release of its controversial colin kaepernick campaign. according to research firm edison trends, nike's online sales rose by 31% immediately after the ad was unveiled. industry experts say this is proof that the campaign is a hit with the company's core customers who tend to be younger and more div

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tesla's ceo. >>> home run hit. yankees slugger giancarlo stanton hitting a homer over the green monster last night and then running the bases when a fanw back the winning ball, stanton got hit on the head. he took it in stride as you can see, even tipping his cap at the fan. >> that guy's aim? >> he may have good aim. not a great example of sportsmanship from my hometown of boston. >> that's normal, you throw the ball back. >> you throw it back at the guy? >> well, he just happened to -- >> not love lost between the two teams. >> the game didn't mean anything. they're both going into the post season. they meet next week. maybe at yankees stadium the same thing happens. hopefully, the red sox don't hit one out. >> that moment not going to tarnish the inevitable red sox victory in the world series. >> you are thinking so hard when you're talking about sports. you can see the smoke coming out of your ears. >> unbiased analysis. >> it's not only unbiased -- it's deeply biased. it's also deeply uninformed. >>> also coming up here on "gma," a star high school football player sidelined for being homeless. the generosity campaign that made al

fan of the shorts. obviously the argument that you will hear from musk's legal team as well as from tesla is there's a bigbetween not liking short sellers and trying to commit fraud so that you can burn the short sellers that's -- it will be interesting to see what the sec is alleging, if they can prove this or as he mentioned, do we see some type of a settlement at some point. >> we are going to have a press conference from the sec. oh look at that. it is on what is only mr. musk and not the company. it did appear likely it would be against tesla and mr. musk the action as far as we are aware is solely against mr. musk so they will be explaining the thinking behind that, perhaps as soon as 5:00 is when it is scheduled for. we want today let you know also interesting that in some of the back and forth between mr. musk and his attorneys and the sec try to go discourage them from bringing the action the company did make a point of saying as the driving force behind the company, behind its technology and man that keeps sort of investors believing in the stock that investors in tesla would suffer certain inju

tesla shares are getting hit right now. down $19. >> there he goes. >> about what is this crouching tiger, hidden idiots? [laughter] >> okay, is he even awake? i am a fank but guess what, he really -- >> look at that. liz: what is that? >> he looks high there. >> that is a samurai sword, stock shredded to ribbons over the past month. >> look at him. talk about spacex, he's spacing out. liz: podcast with joe rogan, in the state of california, where it's legal. >> indulge me for a second. liz: rogan pushes him. >> no stems, no seeds, that you don't need. acapulco gold is the baddest weed. liz: i don't even know what to say. >> this is really bad, this is the serious part about this. liz: yeah, if you're an investor. >> do you want your ceo doing stunts like, this smoking pot? let's be clear, he's the ceo of tesla, a major shareholder, a public company. he basically owns spacex? liz: he founded it. he's got investors and the u.s. government, nasa, put money in there. >> i've been talking to investors all day. nasa, i think the department of defense, and i know the air force have security contracts with spacex, generally to get a security clearance which h

some tesla shareholders believe musk sent the tweet to try to manipulate the company's stock price. >>> well, it's tough times in baltimore for baseball fansthe baltimore orioles are in the midst of a 100-loss season, but -- >> is that bad? >> uh, well -- they're being celebrated by members of a unique baseball community. >> blind fans of america's pastime are praising the club for wearing jerseys with the o's and players' names in braille. honoring the national community of the blind. based in baltimore for years. jerseys were auctioned off as well. based on their success this year, you can see how many people were in the stands for the games, but, you know, props to baltimore for this gesture. >> it's cool that they did that. the only thing is that it's braille. do you have to -- how do you know unless you -- >> i know. so the first 15,000 fans also received braille alphabet cards. so every fan at that game received braille alphabet cards. there were a lot of people dressed as empty seats. hey, we love it. at least it's a great stadium. >>> coming up, a group of nfl legends is threatening a boycott. hear why the retired football greats a