ilan mask the man behind tesla motors and space x. suffered a bit of a fall from grace as of late the entrepreneur is under fire for his criticisms of last week's tie cave rescue operation but also over his political donations. everyone knows iran muskies tony stark he's a hero superstar entrepreneurial and mask i'm a great fan of a long must i love you i must you know i think he's a genius. just sold my tesla stock. just canceled my tesla three older see the reason why in the comments i don't want my money going towards supporting the republican super pacs. have no no conception of for a k. possible so i just to pay off them. you know what's done for the showing the video to make one of the many subplots going all the way to k five no problem sorry guy you really did ask for it.

most of the men behind tesla motors and space x. has suffered a bit of a fall from grace of late the entrepreneur is under fire for calling one of the tyke a rescuer's a pedophile a slur for which he a sense of apologize as political donations have also led to attacks online. everyone knows he won muskies tony stark he's a hero superstar entrepreneurial and must go on the great fun of a long lost i love you you know i think he's a genius. just sold my tesla stock. just canceled my test with three or did you see the reason why in the comments i don't want my money going towards supporting the republican super pacs. no no conception of what a k. possible are so i just to pay off them. you know what's done for the showing video to make one of the many so called going all the way to k five no problem sorry peter guy you really did ask for it. there will be technical maintenance on r.t. until ten am moscow time we look forward to seeing you then in the meantime check out our. latest news. i'd quite like a swimsuit but there's no time. to

musk the man behind tesla motors and space x. has suffered a bit of a fall from grace as of late the entrepreneur is under fire for calling one of the thai cave rescuers a pedophile a slur for which he has since apologized his political donations have also led to attacks online. everyone knows he won muskies tony stark is a hero superstar entrepreneurial and must go on the great fun of a long lost i love you i love you know i think he's a genius. it's . just sold my stock. just counseled with three older see the reason why in the comments i don't want my money going towards supporting the republican super pacs. no no conception of what a k. popular so why does the payoff still. you know what's doing for the showing the video to make one of the many south pole going all the way to k five no problem. you really did ask for it. that's a wrap up of the day's top stories for now but don't forget you can always head to our web site artie dot com. all that and more thanks for joining us. ah. ah. ah ah ah ah ah ah ah. ah ah. ah. ah ah ah

the men behind tesla motors in spain.

feeling musk the man behind tesla motors and space x. has suffered a bit of a fall from grace of late entrepreneur is under fire for calling one of the thai cave rescuers a pedophile a slur for which he has since apologized his political donations have also led to attacks online. everyone knows he won muskies tony stark he's a hero superstar entrepreneurial and must go on the great fun of a long lost i love you i love you know i think he's a genius i. just sold my tesla stock. just cancelled my test with three orders see the reason why in the comments i don't want my money going towards supporting the republican super pacs. no no conception of the chaos it was a lie just a payoff. you know what's doing for the showing the video to make one of the pull going all the way to k five no problem sorry. that's a wrap up of the day's top headlines for now but don't forget you can always had to our website. for the details on all of the stories and more thanks for telling us. hello and welcome to cross talk were all things were considered on pete

the man behind tesla motors and space x. has suffered a slight fall from grace of light into thin air is under fire for calling one of the thai cave rescue is a pain to file a slur for which he has since apologized his political donations have also led to attacks online. everyone muskies tony stark is a hero superstar entrepreneurial and must go on the great fun of a long lost i love you you know i think he's a genius. just . this council. and see the reason why in the comments i don't want my money going towards supporting the republican super pacs. have no conception of what the k. party has why just a payoff. you know what's doing for the showing the video will make one of the many poll going all the way to k five no problem sorry guy you really did ask for it. staying with us updates at the top of their. right we're all set to start in five guys in the studio has a signal. he's not going to talk about. just maybe right after the mars explorers were you would have their unique. record. to say where people go. oh tailless

the man behind tesla motors and space x. has suffered a slight fall from grace of light into thin air is under fire for calling one of the thai caves rescue is a pain to file a slur for which he has since apologized as political donations have also led to attacks online. everyone muskies tony stark is a hero superstar entrepreneurial and must go on the great fun of a long lost i love you you know i think he's a genius i. just saw. this council. and see the reason why in the coal mines i don't want my money going towards supporting the republican party. have no conception of what the k. party has why just a payoff. you know what's done for the showing the video will make one of the many going all the way to k five no problem. you really did ask for it. staying with us updates at the top of their. right we're all set to start in five. to seven this year has a signal. he's not going to talk about. just maybe right after the mars explorers one you would have their unique. record. to say where people go. oh tailless room welcome

the bay area's own tesla motors is making a big move to asia ...t that means to the company overall, and the fremont plant in particular. (pam) also .. tragedy rocks a central california family ... when a toddler finds a gun in the home and shoots himself in the head.. details ahead. ( ken ) and next... a major crackdown on graffiti artists and the felony charges they will now face in one bay area city. i am extremely proud of jackie, gaby and stephanie. we worked with pg&e to save energy because we wanted to help the school. they would put these signs on the door to let the teacher know you didn't cut off the light. the teachers, they would call us the energy patrol. so they would be like, here they come, turn off your lights! those three young ladies were teaching the whole school about energy efficiency. we actually saved $50,000. and that's just one school, two semesters, three girls. together, we're building a better california. san francisco's district attorney announced a string of felony charges against graffiti vandals today.. he says the

this erase where the top in the notes the market value, dropping tesla behind general motors once againesla has suspended production of the model three and orders for the car are also slightly down. haidi: shares in the big three u.s. airlines fell after they were cut by deutsche bank analyst michael bloomberg. they cited heightened geopolitical macro risk along with the lack of midterm capital. the trade dispute may become an issue for airlines topline growth. barnes & noble has fired its ceo for violation of company policy, saying he will leave without a severance package. the bookstore declined to say exactly why he has been dismissed, but affirms it as nothing to do with the company's financial reporting, neither with any potential fraud. he became ceo just in april of last year. the stock has fallen more than 30% in that time. macroncoming at next, finds itself in hot water with the sales been in china, just the latest aspect are seeing in these trade tensions between the u.s. as the countdown continues toward that limitation of tariffs on friday. let's take a look at how were sett

over westing howe's company, and westinghouse has to turn to tesla, who had this contract to get a royalty for every horse power of a motor that came out, which was worth billions of dollars, and westinghouse says to him, i'm about to lose my company. can you help me? and tesla, unbelieve whether i horrible businessman and negotiator that he was, says, you have always been kind me, you are the one who is going bring my ideal of this great electric motor to the world. let me tear up my contract. he gave away a billion dollars. and so for the rest of his life he struggled and to be honest he died a poor man, alone in the hotel new yorker. and support -- had declare bankruptcy and was supported only because of a few scientists at the westinghouse company, who realized the had actually made the company possible, gave him a little sty spend so he had a -- stipend so he had a room at the hotel new yorker. that's a long answer but up and down on the money front. any other questions? >> i would like to know, something in our moder team that tesla was able to see the moder world, do you think his reacts would be surprise, proud? >

china is as part of a joint venture now this is going to be a joint venture unlike the tesla deal with great wall motor oil motor company i soon that is the partnership that they all have there and the c.e.o. harold krueger touted the deal for the joint and auto maker what is it about china we know that there are huge population of what to consumers. but you have told us before we talk about electric vehicles in the states you know look there's no places the plug i'm in in the midwest except try to tell us why china is such a potentially lucrative place for car makers in particular electric vehicle makers . our own number one they they are demanding and mandating that by two thousand and twenty every vehicle on the road is going to be electric that's a big challenge remember china does a lot of silly things like that like we're going to say you can have one child and they realize that everybody had boys and they had no girls so it wasn't easy to expand the population so now they said no you can have two or three kids sometimes they make rules and regulations that have they have to back pedal on and thi

just one tiny problem these firms are losing a refit money tesla is worth more than a car colossus is ford or general motors despite selling a tiny fraction of the cars and losing billions music streaming giant spotify is just enough to vos lost is now the biggest startup in the world but it's lost money every year of its life and last year the worst an i was four and a half billion the hope is one fine day we'll all book. to electric cars while uploading spotify music to the dropbox cloud or something like that but new economy new danger these aren't small companies anymore they affect millions of workers and users and cracks beginning to show suggesting far from expanding some are starting to fire their workforce and in the new economy relationships are shall we say complicated hundreds of thousands of paid for tesla cause the poor company hasn't even built if it goes bust these are all very people would likely be quote wiped out definitely there's a a there's.

it dropped tesla behind general motors once again.hey've suspended production of the model 3 and orders for the car are also slightly down. ramy: shares in the big three u.s. airlines fell after they were cut from hold to buy. american split as much as 4.2% before pearing some of those losses. it cited geopolitical risk in the downgrade. yvonne: barnes and noble fire thared c.e.o. for violations of company policy and says he will leave without a severance package. bookstore declines to say exactly why he's been dismiss bud affirmed it's nothing to do with the company's financial reporting or any potential fraud. he became c.e.o. in april of last year. the stock has fallen more than 30% in that time. ramy: coming up, are their winners in a trade war or are there just bigger losers? we will assess where all the players stand next. this is bloomberg. ♪ yvonne: 7:30 a.m. wednesday, a pretty dreary day. we are away from asia's major market open. hong kong stocks fell close to 1.5%. ramy: 7:30 p.m. on tuesday in new york. very hot. the mark

just one tiny problem these firms are losing a rethink money tesla is worth more than car colossus is ford or general motors despite selling a tiny fraction of the cause and losing billions music streaming giant spotify is just an out vast losses now the biggest startup in the world but it's lost money every year of its life and last year the worst and i was four and the whole of billion the whole of his one fine day we'll all book. in to electric calls while uploading spotify music to the dropbox cloud or something like that but new economy new danger these aren't small companies anymore they affect millions of workers and users and cracks beginning to show suggesting far from expanding some of starting to fire their workforce and then the new economy relationships are shall we say complicated hundreds of thousands of paid for tesla cause the poor company hasn't even built if it goes bust the ordinary people would likely be quote wiped out definitely there's a there's a bubble not just in tech stocks but in the general stock market itself in the us we're already seeing companies like general electric to ca

just one tiny problem these firms are losing a refit money tesla is worth more than car colossus is ford or general motors despite selling a tiny fraction of the cause and losing billions music streaming giant spotify is just an out vast losses now the biggest startup in the world but it's lost money every year of its life and last year the worst an i was four and the whole of billion the whole of his one fine day will book. in to cause while uploading spotify music to the dropbox cloud or something like that but new economy new danger these aren't small companies anymore they affect millions of workers and users and cracks beginning to show suggesting far from expanding some of starting to for their workforce and in the new economy relationships are shall we say complicated hundreds of thousands of paid for tesla cause the poor company hasn't even built if it goes bust these ordinary people would likely be quote wiped out definitely there's a there's a bubble not just in tech stocks but in the general stock market itself and you know as we're already seeing companies like general electric to caterpillar

just one tiny problem these firms are losing horrific money tesla is worth more than car colossus is ford or general motors despite selling a tiny fraction of the coals and losing billions music streaming joint spotify is just an out vast losses now the biggest startup in the world but it's lost money every year of its life and last year the worst and four and a whole of billion the whole of his one fine day will all book. in to cause while uploading spotify music to the dropbox cloud or something like that but new economy danger these aren't small companies anymore they affect millions of workers and users and cracks are beginning to show suggesting far from expanding some of starting to follow their work force and then the new economy relationships are shall we say complicated hundreds of thousands of paid for tesla cause the poor company hasn't even built if it goes bust. these ordinary people would likely be quote wiped out so definitely there's a there's a bubble not just in in the tech stocks but in the general stock market itself in the u.s. we're already seeing companies like general electric and c

walmart and general motors have plans to grow in china. tesla is building a factory there. and could hit the u.s. government directly selling u.s. treasury bonds. holding $1.2 trillion in u.s. debt. >> 3:17 eastern time. 9:17 in brussels. you see the president on his way to a meeting with the north atlantic counsel. part of the nato summit. he will meet with the leaders of georgia and ukraine. good morning to the president. he was up and tweeting about germany and strzok and page an hour ago. another busy day for the president. if he stops kp chats with the media we'll bring you the remarks. no entourage assembled there. just the president walking solo. >> he began the meeting about 24 hours ago. the presummit breakfast with the nato secretary general. where he dressed down germany and had very sharp, undiplomatic words for germany saying they were a captive to russia. we're told the meetings later in the day were less confrontational. he set the mood early. it was less confrontational throughout the evening. >> the remarks directed at stoelten berg and not mer kl. and the

tesla questioned the quality of model threes made on a temporary production line in california. they are due to raise -- they drop behind general motorspended production of the model three. orders for the car are also slightly lower. this was after they were cut. split before those losses. there was a lack of near-term catalysts. they said they had a trade dispute and the two may become an issue for airlines. also, their topline growth. potential deal with boeing predicted a rich payoff. president was to review the terms of the boeing deal. boeing says negotiations remain productive and are moving ahead. embraer didn't comment. the potential levees were slowing in the united states, let's bring in our bloomberg intelligence analyst. us about the supplies of these cars, do they need to rethink where they make these cars? what about the overall strategy? steve: it will cause havoc if he imposes the tariff on autos. globally, i think all of the toomakers have been set up take it vantage of the low-cost productions, mexico, parts of canada and also around the world. what this will do is basically change everything. every auto supplier wil

tesla has failed to turn a profit year after year but its market cap has blown past ford motor companyanks out $8.4 billion in profit just last year. today, tesla is worth $54 billion compared to ford 42. the trend could be seen as a sign of a coming crash. >> companies do have to stand on their own 2 feet and that does mean generating cash. the question is is there enough runway through the cash that they already have all of the ability to raise cash in the future that gets to that point? >> cashing in on going public is catching on. some of the industry's biggest firms snap and twitter were turning a profit when they went public. snap the hottest tech ipo in years and still isn't, its stock was up only a dollar on its one-year anniversary trading on the new york stock exchange. >> the hope is they can switch on profitability at a later date, they will find this magical monetization model that tesla will figure out a way to make money on the cars that it produces that snap will find a great way to monetize its large user base. >> the risk are supersized if the companies fail to ever t

least from ford which is just flat, gm is down about two-thirds of a percent, tesla up half a percent a reversal and toyota motor is up half a percent so we're watching the markets for any reaction, hiccups, but we've actually seen the gains hold through the entire news conference, which just started about 20 minutes before the top of the hour. the dow for its part of working to extend its five day winning streak higher by about 73 points , a five day win would be the longest in two months we do have the s&p better by 6, nasdac up 3 but really the transports i want you to look at. they are taking off, hot hot hot currently jumping about 2.25% or 237 points. do you guys own the railroads, do you own the airlines? if you do, you're in the money. those two sectors and those two sector names are driving gains for the index, two front runners in the dow transports we should look at csx, they're just rolling along here, up 6 1/3% the railroad operator currently one of the best performing stock s in the s&p after the company topped profit estimates raised its 2018 revenue forecast , cut costs and boosted pricing power

tesla. emailed elon musk employees, we just became he real car company, ironic considering their market cap exceeds other traditional companies like ford and general motors. why? >> because the model three production level is a transformational car for the company, it takes them from a producer, which started producing and selling 20,000 cars a year and now 100,000, 12 months from now, if they maintain the model three production rate, 600,000 cars per year, which makes them a real company. they will fill strong demand. and add two production of the truck next. aey view themselves more of technology company than a car company because they sell solar panels and the battery. customer are a tesla who has had an order for a model three for a while, does this concern you that your automobile was made in a tent outside the primary factory? have they cut corners on the quality of these automobiles? >> only time will tell. overall quality of tesla cars are very high, customer satisfaction is very high, there's yes and of the car is very high. is verysiasm of the car high. it is the complexity, power, design, they have had very few mechanical or technological issu

tesla is worth more than ford with roughly the same market cap as general motors and is nearing its owntargets. at the end of june they made nearly 7000 cars in a single week, a little more than 5000 were model three. at that level they can be profitable in the third full quarter. analysts have yet to be convinced the company can sustain that level and say they find a way that's profitable and quickly. the company is burning through cash and analysts say it needs more. $19 billion in capital since 2010, a burger more than $8 billion in cash and never posted a full-year profit. april there was job cuts and budget tightening. tesla's producing just a tiny number of cars compared to other automakers. 88,000,any notice compared to gm's projected 8.6 5 million vehicles and pretax profit for this year. on a is still relying single plant in california to achieve scale. one third of production is housed under large tent. it comes to global growth, tesla plans to build a plant in china, but it won't be ready for at least another two years, and no one knows how much it will cost. that is why it w

tesla is talking about producing 5000 or 7000? kevin: i think they are amused. when you think about a company like general motors volt ev and people compare it to the model three and it is not comparable because general motors is not -- does not actually want to sell that many of them because they sell at a loss. what they create is the technology, realize they can design engineer and market it and put it on the shelf and if the technology proves profitable, you go and put it in a compact crossover. it really does drive home the point that he made that tesla is making great strides but you do have the economies of scale with the fords and general motors of the world. julia: the market cap comparison is eye-opening there as well. burns mckinney is staying with us. this is bloomberg. ♪ ♪ ♪ julia: this is bloomberg "daybreak." i am julia chatterley. alix steel is in boston today and as we have been mentioning all morning, you can catch the boston pops live on bloomberg starting at 8:00 p.m. eastern. i think tv has an advantage. david: do you watch these every year? julia: i do, i watched it last year. should we hav

march tesla achieve elon musk has said he's aiming for the company to turn a profit in the second half of this year. now than french car producer p.s.a. bought a german car brand opel from general motors last year and now the acquisition is starting to pay off during the first half of twenty eighteen opel returned to the block after almost twenty years of losses with profits of more than five hundred million euros p s a's restructuring plan for opel includes shedding a fifth of its former eighteen thousand staff p.s.a. also own situation and pogo its total half year profits were one point seven billion euros. lots of money and in times of uncertainty people like to hoard gold it's the reliable crisis currency or at least it was because despite the threat of a global trade war gold has been tumbling in recent months but analysts expect the metal to bounce back again eventually. it's a spectacular find this gilded silver death mask has the archaeology world abuzz the rare and ancient artifact was discovered last week in excavations in egypt on the face of a mummy. the mask is clearly worth far more than the gold and silver it's made of both these precious metals have recently slipped in

tesla will be reporting earnings on wednesday. on the flipside, eisman said he is long general motors. let's listen to what he said here.stock is down because of the trade war issue. that is well known. but general motors and google are the leaders of autonomous driving. if autonomous driving takes off, it is possible that the autonomous driving of general motors, which is currently about $.50 a share, will be worth more than the whole company. scarlet: and that is interesting, david, because it seems like early on, tesla had an advantage when it came two autonomous driving, but it now autonomous-- came to driving, but now it looks like gm and waymo have it. david: right now, it is easy to point to gm and waymo as the leaders because they have scheduled public deployment of the technology. ferrying around people in autonomous taxi's. but these will be relatively small pilot programs. others can still catch up. tesla, this is where some of the bulls might disagree with me. tesla is a wildcard because they have the autopilot system in their cars. that is a semiautonomous, but it is not fair to say tesla has no research, a

tesla lower. >>> shares of herman miller are surging. they reported better than expectexpect expected fourth quarter results. hyundai motor shares lower today due to a vote to strike. >>> bitcoin or bust. the crypto market feeling pain recently we'll bring you the stat on how many cryptos have gone it's a number you have to hear. >>> and samsung phone users, your phone may be doing something without your permission, that could g yetou in hot water with friends and family that's coming up from him is gr. when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. ayep, and my teeth are yellow.? time for whitestrips. crest glamorous white whitestrips are the only ada-accepted whitening strips proven to be safe and effective. and they whiten 25x better than a leading whitening toothpaste. crest. healthy, beautiful smiles for life. we all want to know y

tesla's giga factory. >>> no deal brexit is just not an option. that's a warning from the head of society of motorfacturers. according to the group, carmakers are increasingly concerned about the uk's future relationship with the eu post-brexit. with the industry and the uk dependant on car parts imported from the eu, the chief executive is warning that production could come to a halt if a no-deal brexit goes ahead. >>> president trump's attorney, rudy giuliani, has questioned whether colluding with russia is even a crime as the trial of paul manafort gets ready to kick off. this comes as trump threatens to shut down the government if he does not get support for his proposed wall along the border kristen welker has the latest -aft . >> reporter: after saying it was a waste of time to tackle immigration before the midterms, the president's new threat, to shut down the government over it. >> i would have no problem doing a shutdown it's time we had proper border security we're the laughing stock of the world. >> reporter: the president also saying he's open to negotiation, a new wrinkle for republic

tesla built a third production line under a tent at their plant. but is described as insanity. haidi: bmw has joined general mergers -- general motorsr no tariffs on cars. wilbur ross pointing at the $9 billion investment in the south carolina plant and the reporting ofof haidi: it is 8:30 in sydney where the markets open in 90 minutes' time, the second half of what has been an eventful year. futures looking positive against a tepid backdrop for the rest of the asian open. pretty overcast day in sydney. ramy: i am ramy inocencio in new york where it is 6:30 p.m. us get to first word news with paul allen. paul: thanks. president trump has repeated his demand for higher order -- higher oil production. he told fox saudi arabia will have to raise up even as the white house backed away from earlier tweet saying he persuaded the kingdom to pump more crude. the news agency and saudi arabia said the two sides discussed supply and demand but didn't make any results. the left could win in mexico for the first time in decades. he seems to be heading for a landslide victory in a popular revolt against entrenched corruption, crime and poverty. t

march tesla chief iran lask has said he's aiming for the company to turn a profit in the second half of this year. and french car produce p.s.a. bored to german car brand opel from general motorslast year and now the acquisition is starting to pay off during the first half of twenty eighteen opel returned to the black after almost twenty years of losses with profits of more than five hundred million euros p s a's restructuring plan hopefully with shedding a fifth of its former eighteen thousand staff a also owns a situation and it's a total half here profits were one point seven billion euros. all right two carmakers two interesting stories and let's talk about those with daniel corp our man in the front with stock exchange daniel lets out with tesla which used to be that shining beacon for electro mobility it's a rough waters know what's going wrong. well the big problem and we heard that in the report is that the model three this production of the car has been taking extremely long on the one hand and the production also has been getting way more expensive because of that we are seeing and that's what experts are actually calling in saying that tesla is really having a probl

tesla. this is the first foreign automaker to get permission to go into the country there and open a factory that is not co- owned with a local partner. general motorscompanies wanting to be in china, the largest automotive market in the world, have had to set up joint partnerships in order to do business there on the ground and avoid a heavy tariff as well. tesla wanted to control their own destiny. this is a big win for them. the question will be, what is it like to go alone in china? you will not have the political support. you will not have a supplier network already built out. there will be a challenge there, as well. >> tim, before we let you go, obviously both of these stories involve china. you have a former apple up employee -- apple employee accused of taking this data to china. talk a little bit about china's role in all of this. >> reporter: china is a huge global consumer of automotive technology and cars. the government there for a generation has been trying to build up its ability to make its own automotive industry. it is seeing the future in the electric car business and self- driving technology as a way to advance the country beyon

tesla to build a mega factory. this is significant when you look at what the plant will produce. the location will be in shanghai importantly there will be no local partner. unlike general motorsfiat who had to parking lot ner with a chinese company, it will be wholly owned, capacity, 500,000 vehicles, but at least two years before we see a first vehicle built there. don't be surprised if we look into 2021 by the time that finally happens. tesla has been in china number of years now, but really has struggled to gain traction outside the main cities. you see them in shanghai and beijing. here's one of the galleries in shanghai sold 14,771 vehicles 14% of worldwide sales last year would love to increase that. keep in mind as you look at shares of tesla, the cost of a tesla model s in china is now gone up by $27,000 compared to a week ago because of retaliatory tariffs. while this is an important step, guys, it is going to be a long time before we see benefit to tesla in terms of production in china. >> all right phil, one question for you any battery production outside of use in cars expected from this factory green energy certainly an important topic over there as well >> repor

they've already sent a note out to customers ordering teslas in china they will be paying higher prices and finally let's take a look at shares of general motorsreally notice an impact of 25% tariffs here in the united states. volvo is another one the buick envision is the biggest volume vehicle coming from china, more than 41,000 general motors has yet to decide what it will do with the 25% tariff clearly adding $8,000 to the sticker price of an envision is not palatable in a buick showroom, guys so they're going to have to make a decision do they decontent it, do they eat some of the cost, how will they deal with this? >> phil lebeau in chicago for us and as phil was suggesting gm isolating businesses from the global market is the worst possible course of action. >> and our next guest couldn't agree more now as president of rml automotive knows how tariffs will impact dealers and consumers. he joins us now. what do you think of these moves by the president and the retaliatory tariffs that we're getting from china >> well, i heard your reference to fleetwood mack, and i'm reminded of "i'm still afraid," a great song because nobody knows what

motors. there is a huge focus on mr. musk and spaceflight and such. then you have the oddity of an auto manufacturing operation in california. value ande tesla value. >> i don't see the value in tesla. we are short tesla. elon musk is a very smart man, but there are a lot of smart people in the world, and being smart is not necessarily good enough. you have to execute. we will see how is quarter goes, but he is negative cash flow. he is building cars in a tent as you said. he is nowhere in autonomous driving if i can tell -- as i can tell. the competition is coming into the space next year. >> described pay take the cash flow analysis from revenue. your partial differentials of unit dynamics, a huge dynamic about how he will deliver dynamics. but, also price. you have to bring that down. both of those for tesla is a mystery. >> there are a lot of mysteries in tesla. one thing interesting about tesla from the negative perspective is that the company has lost an enormous number of executives over the last couple years. maybe he will pull a rabbit out of the how to -- out of the hat. >> has he spoken to you the way he has gone after analysts? >

end of march tesla chief you know musk has said he's aiming for the company to turn a profit in the second half of this year. french car maker p.s. a german car brand opel from general motors last year now it appears that that acquisition is starting to pay off during the first half of twenty eighteen opel returned to the black after almost twenty years of losses with profits of more than five hundred million euros hearsays restructuring plan for opel includes shedding a fifth of its eighteen thousand staff p.s.a. also owns a citoyenne of its total half year profits were one point seven billion europe's. back to phil now for the latest on the countdown to an important election fail indeed helen thank you pakistan is deploying troops to polling stations as it prepares for national elections on wednesday the government says the soldiers are necessary to ensure the vote is free and fair critics say the military is backing former cricketer imran khan for prime minister under those troops so that to boost his chances journalists who report on khan's main rival say they face intimidation d.w. correspondent now become that has been speaking to them about the challenges of coverin

i don't know whether tesla qualifies with amazon that down the road there'll be profits it still has the same market cap plus or minus general motorss down 30% to 40% from its highs. >> by the way, an amazing review for the model 3 by "the wall street journal" this week who is not a pushover he loved everything about it it was a $78,000 model as tested that's about twice what they're promising it can be made for >> autos reporting next week a big focus. >> i honestly think it's about the potential for auto tariffs more than anything in terms of the results that's going to decide >> i thought phil lebeau's comment on the earlier segment last hour was fascinating. here you have a policy from a president where there's no support in the industry for it it's mind-boggling to think that even the car makers are opposed to auto tariffs. >> right, but he would say he's doing it to protect the american auto makers against foreign competition, but it actually may be hurting i thought this stat was interesting. if we see these auto impart tariff, the price of a new car could jump between $$1,400 a1,4 $7,000 >> it doesn't seem to make any sense