tonight, is tesla just too hot? >> this is the automobile you should be using. >> dan nathan says nope, more room to run. and he's got a trade that could put your portfolio into overdrive. he will break it down. >>> plus, missed the rally? >> no! >> relax, because mike khouw and carter are eyeing one dow component that could be profits in your portfolio. how you can make money. >>> and why is this hollywood starlet smiling? >> i just had a great short sell the other day. >> because she's about to make a ton of money making her first options trade. it's a blockbuster in the making and we'll tell you why. the action begins right now.ç indeed it does. live from the nasdaq market site in new york's times square, i'm man dill drdy drury. these are the traders at the desk, los angeles and chicago. forget about apple, facebook and google's march higher, because there is a news stock captivating the mind of retail investors, and it is tesla. well, the shares of this luxury automaker are up 20% this week and 100% in the mon

toes tesla motors, easier to charge up the green cars. janine de la vega live in gilroy with what we can expect. >> reporter: we are here at a tes la supercharge -- tesla supercharger station off 101 and leavesly road. this is the only supercharger station in the bay area. here you can see where it hooks up to your car. there are only nine of these across the country but tesla's founder is expected to announce it's majorly -- tesla founder elon musk let it slip his electric car company will be tripling the number of supercharger stations across the united states by the end of june. he mentioned this last night at an all things digital conference and said by the ending of this year tesla owners will be able to drive from los angeles to new york using the supercharger network. currently they just have nine charging stations, five in california, two in connecticut and one is in delaware. tesla says it has placed the supercharger stations along well traveled routes near places a driver would want to stop like restaurants and shopping centers.

let's get to tesla motors.urprising shareholders by paying off a startup loan from the department of energy nine years early. i asked elon musk, tesla ceo and president, what he felt about paying off that offer. >> it felt like a great relief. really offering tesla as a whole because received a lot of criticism for the loan and that is something that matters to people out there. it didn't actually make sense because we had low cost government debt but this is going to matter the number of consumers that'll make up for it in sales. liz: they say look, can they stand on their own without the government loan? clearly you have done extraordinarily well. this is enable you to do anything differently, the design of your next line of vehicles? >> we actually raised over a billion dollars and the loan repayment including interest, taxpayers made a profit on this loan. peoole's tax bills went down slightly as result of this repayment. since we raised a billion, gives us half a billion left over for future development li

is tesla a tech company?s ting at its current valuation, and you have to think that anything that goes anyway that isn't correct will get this stock heading the wrong direction. i have to tell you one thing, and not just a little bit like it is today. the morgan stanley analysts today came out and gave the stock a price target upper from 47. but he used what he calls a 15-year discounted cash flow model to take into account the maturation of everything going forward. the question, can you do that 15 years out? >> cole? >> you know, i think that i know adam, the analyst at morgan stanley, and the way you look at that report is how you have to look at tesla, not something other than that long duration venture capital investment in terms of where they're going in the future. so it's a function of what's the business model, what's the probability of them being successful in what it is they're doing, and how big is the market as we go forward in time. and where they've positioned the company at right now, you know

they had been run over by a beautiful sleek tesla.'s put aside how great tesla might be, both the product and company. let's forget that the history of new car companies is checkered, at best. and instead let's talk about what's really driving this stock, besides an electric engine. the fuel-buying tesla's rally short sellers trying to buy stock in order to maintain positions and nothing else. remember, when you're short a stock you have to borrow it first before you can sell to someone else. you also have to maintain that borrow, meaning that brokers maintain the right to say, hey, look, we can't find the stock to buy for real buyers, so we have to cover your short position or we'll just buy -- you've got it covered. or we'll just buy you in ourselves. we'll cover it for you. the buy-in. that's called the buy-in. the dreaded buy-in where brokers cover your short for you. when a broker does a buy-in on a short, he doesn't care what price is paid, even if it rips the lungs out. the broker must meet the demands of the buyer, and in tesl

it's tesla.s exactly the same. >> i thought we were talking about cisco. >> this is an early stage growth company. >> josh, do your victory lap on this now. don't keep digging into it, okay? google is a free search engine. this sells $70,000 cars where you can only travel 220 miles where it's unknown if they'll make money and if the end market is there. we've seen first doctors before. >> how about this, rich peterson -- >> do you own the stock? >> i don't currently own the stock. >> why not? >> what do you mean, why not? >> you love it. >> there's a lot of stocks. i can't kiss all the girls. >> this is just one girl. what's your price target? >> i don't have a price target. >> steve, this is a momentum stock. if you're focused on things like trailing -- you'll never know when the momentum is ends. >> this is why you have risk management. >> speaking of momentum, rich peterson over at s&p capital iq sends me the following that in terms of market cap gains year to date, tesla ranks number five, so

look, i happen to love tesla.ave every intention of absolutely buying the car and no intention of buying the stock. you may ask why that be the case when given that the car will almost certainly lose half of its value. and while the stock may do the same, it is always possible that it will, as rich says, increase by 50%. but first of all, you can't drive a stock, whereas you can, apparently, drive a tesla. and the other thing is, there is so much momentum money in this particular name right now that while it may, indeed, become a major tony stark story going into the future, it also could well go down $40, simply because something unexpected or a blip happened, given the momentum in the stock, rather than the fundamentals of the actual company. so i would rather sit on the sidelines. >> momentum is not a four-letter word. and you know, i think this is one of those cases, zach, where the risk/reward is never going to be favorable all the way up. sometimes you've got to say, you know what you've got to say. and this

tesla has been a real winner. first solar, solar city. these are names normally would be heavily shorted. guess what? the shorts are getting killed. isn't that a greater sentiment about the markets? >> yes it is. i think that is pretty significant. those numbers we heard from tivo i think are fantastic, number one. number two, their short ratio is 3.2%. there will be blood on the streets when that stock opens up. you can not afford to get in front of the freight train. let the market start to turn before you get shortening because there will be time. i think what everybody is worried about. we'll not have a crash in one day or we're not going to crash but you will see a trend to start to take place. then you start to take the moves. you don't want to be in a freight train to take a stand even though you're right you will be dead and can't spend money. david: rather than a crash, sandy lincoln thinks second-quarter earnings 2/3 of companies will beat estimates. you think better times are coming, don't you, sandy. >> i do. there is always f

. >> plus, we have an interview with tesla's ceo elon musk. jim cramer may not drive much, but he got behind the while of a model s last night and we'll tell you what he thought of the ride coming up. i think the review is generally pretty good. >> wow! what a car. >> first up, final trading day in may. the dow posting its sixth consecutive monthly gain and heading into today's session, the dow is up 3.3% for may. s&p is up 3.6 and the nasdaq up 4.9 and what a difference a year makes. last may the dow and s&p fell by more than 6%, even worse for the nasdaq down 7.2. we remember. that's why we called it the spring swoon. >> oh, i mean, last june you started thinking, is this going to completely unravel. there's a lot of talk that this is going to unravel and my take is that part of the market will be unraveling and other parts of the market, the financials and the industrials raising my price target. >> right. back in that world. now we're into this fear of higher rates, right? we talked about it, but now it's coming through in the form of a te

to pick up tesla. 14.2%. we're looking groupon right here. put tesla if you can.we heard our analyst selling a little shorter than what traders after-hours are saying. they are getting so much, $68 million from trading credit emissions out in california to those who are more polluting that is too much money he says something that has nothing to do with selling cars. that is one reason why he is not so supportive of the current price. liz: green mountain coffee roasters may grab all the headlines. look at the jump in after-hours. news is second quarter profit rose 42% on stronger sales. david: dennis kneale are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... moand dad, i have great news. is now proving answers families need. siemens. answers. welcome to the new buffalo... where new york state is investing one billion dollars to attract and grow business... where companies like geico are investing in technology & finance. welcome tohe state where cutting taxes for business... is our biness. welcome

when you look at tesla shares, there is also a lot of short interest. 42% of tesla sales available wered short. tesla is among the most shorted stocks not just in the auto industry but in the market as a whole. this week two analysts raised their price target to above $65 and one of them wrote is the bear case weakening when it comes to tesla shares. she writes the bear case is writen from an unknown company. instead over the past year, tesla has hit its production one by one, necking out each leg of the bear case. we bring this up because after the bell today, tesla will be reporting its first quarter earnings. by the way, this will be december la's. >> that's right. it's the perfect storm. but in a good way. mortgage applications head higher as mortgage rates head lower. applications to refinance up 8% week to week. while that second one seems a little low, they are up nearly 12%. i asked paul miller about how that could be and he said it's still all about the fed pumpingly kidty sbroo the system. what you sigh is some of the liquidity going into the bond market. and another thing of

listen, look, i will give you tesla. i'll give you tesla. i will not give you netflix because apple and microsoft should have bought netflix because it would raise their growth rate. >> defense rests. >> here is what we know thanks to this deal. what i can tell you with certain if i is that we don't -- look. you know what's going to happen. it feels very sense. >> i do know baseball. you're a phillies fan. if ryan howard -- anyway. if ryan howard had hit a home run 23 at bats in a row. he won't but let's say he did. at some point you have to say he will stop hitting home runs. at some point you have to say that someone is going to strike out. >> it's too good to be true. >> what i would rather do is say that we came from a level where things were very compressed. let's use bank stocks. i read a story this morning that says that citigroup is now the hot bank stock. i said citigroup? i look at the stock and sure enough it's at 51. >> great point. >> 450 points? >> i like key and first horizon. they only have to go back to 35 and 40. >> the fac

will tesla ultimately join that list?ceeds, they will do something that has not happened since december 1924. no one has succeeded. i would say tesla has come a lot further than most of us expected it could. as with the auto industry, the proof is always in making a good car. startled and shocked at the fact that it is a good, comfortable high performing car, unlike some of the other start-ups, whose products had a variety of flaws. there is a lot left between their first profitable quarter and becoming a viable car company. >> one is daimler, which makes mercedes benz. this actually brings up an issue. they make and sell cars and ultimately they have got to get to doing that with a profit. which are a permission for other car makers to sell met under california regulations, which i won't get into. this one has three sources of income. one of the sources people will be looking at. making and selling cars. >> right. >> or is there profit based on these other two sources of income? >> thank you is much for your comments. we

the next generation likes tesla, the car. that generation is playing a stock game now and will soon be buying cars later and playing the stock game for real. maybe that's all tesla's long-term holders need to know. stick with cramer. . >>> apple ceo tim cook wants corporate tax reform and he is right. meanwhile, everybody in the white house knew about the irs except president obama. and stock margins remain wide next up on "kudlow." . >>> all right. remember, tuesdays you do 19 straight? i don't know. it's always more. i promise just when you are on "mad money." i'm jim cramer. i will see you tomorrow! >>> we have breaking news to start with tonight and it is devastating. a massive tornado has created a widespread disaster in the oklahoma city area. the biggest drama is what you are seeing right now, a school in moore, oklahoma, rescue crews are looking for survivors. we alts have reports of terrified parents rushing to the scene of that destroyed school. here's cnbc's bertha coombs with more. hello, bertha. >> reporter: hell

now you've got 96 for tesla. can't help compare until april, it goes straight up, it will it doesn't. the dow is opening up dead flat. and david is still with us, previously on this program, you said the stocks were cheap. okay? the dow is at 15,000, and tesla is going through the roof and are stocks still cheap? >> as long as the federal reserve keeps interest rates slow low, low, low, low, stocks go higher, assets go higher, real estate goes higher, asset classes have an interest rate near zero. >> a lot of economists we're seeing is raising the forecast for the growth of the economy. you're on board with that? >> i'm on board with the slow and gradually accelerating brat rate of growth. >> we do better and better, but slowly, stuart. i don't think it pops, it's not a robust spike. >> it's not a reagan recovery, you get 6% in a year, what do you think, maybe 3% next year? >> we could get to 3% next year and there's nothing wrong with the slow growth gradual acceleration, we don't have much inflation, it allows

the two apparently got to know each other when diaz bought a tesla. the paper says she's been making a lot of trips from los angeles to palo alto where tesla is based. and musk is often taking trips down south. >>> tesla motors was supposed to make a major announcement later today. but late last night, elon musk spilled the beans saying the company will triple its super charger coverage throughout the country. the electric car market -- by the end of the year, he expects it will cover most of the metropolitan areas allowing electric car drivers to drive coast to coast. the chargers are currently in california and on the east coast. the electric car market is getting very competitive as very severals compete for a very small market. earlier this morning, honda said it was dropping the price of its electric car. the car scott mcgrew says most people don't even know about. >> yeah, the honda what? it's the honda fitev, honda cutting the lease on that car to $259 a month. the car company will even drop the price of your lease retroactively if you already

certainly europe where tesla isn't yet.o and behold for the government to final i invest in something that worked, i guess they were due. melissa: michael, give you one more chance here. here is one of the points. tesla got $68 million or 12% of its revenue from california zero emissn tax credits in the last quaer. so that big profit that they made, a lot o it came from trading these tax credits. that is one-time thing and that's a huge percentage of their profit. why doesn' at scare you? >> because bottom line, they have great more people are going to be purchasing. they have more product like the model x. elan just mentioned they will have a 3 series competitor. the more product they put out on the market more sales they will have, and more they areable to earn the valuation that they have. melissa: scott, i'm worried that the stock has jumped 74% sin may 8th. to me that kind of move, feels like a short squeeze. i meanhere were a lot of people out there that didn't expect them to have this kind a quarter a had shord the s

. - topic number two: tesla drive. is tesla the new apple? - you know, nikola tesla unfortunately died destitute and bankrupt in a hotel room in the new yorker hotel- - what is this, the history channel? - i'm just saying, the point is, tesla i think is way ahead of itself. and this guy, how can he even compare a company like tesla to google? you are selling a specialized product- - apple. - and google. you said it could be both. the bottom line is, i think tesla has got a long road. if i was going to buy anything, i would definitely be buying google here. - it is up 36% in the last month, so it is a little too rich for me. it was trading between $20 and $40, so that target is $60. we are getting close to that, we are about $54 or so, so we still have some more upside. maybe selling some puts spreads, possibly. i'm still bullish, but the volatility is very high, so there is a lot of risk here. - here's what i think as a quick alternative: take a look at chesapeake energy. completely unrelated, but chesapeake is actually - listen - they're bui

tesla wants drivers to go the distance. the electric car company will triple its network of charging stations from l.a. to new york by the end of june. the ceo also furthered his plans to develop a high-speed transportation system known as "hyperloop," which would get passengers from l.a. to san francisco in a half hour. tesla shares traded up 32 cents to nearly $105. car companies are giving the electric car market a charge by lowering prices on leases. honda is the latest to cut the cost. the automaker is leasing its fit ev by a third to $258 per month. gm and nissan are offering similar deals on electric cars. self-driving cars are closer to hitting the road, but still face safety issues. the national highway traffic safety administration is pushing for the cars to be driven as test vehicles only and is now launching a 4-year study into safety concerns. until there is more data, the nhtsa also recommends that a driver should be in place to manually operate controls. microsoft is hoping to lure back customers with a reboo

the next generation likes tesla, the car.ock game now and will soon be buying cars later and playing the stock game for real. maybe that's all tesla's long-term holders need to know. stick with cramer. with the new staples rewards program you get 5% back, on everything. everything. everything. everything. everything? [ all ] everything? everything. [ male announcer ] get free shipping and 5% back on everything your business needs. that was easy. [ male announcer ] get free shipping and 5% back [ male announcer ] the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ ♪ ♪ the new blackberry z10 with time shift and blackberry balance. built to keep you moving. see it in action at blackberry.com/z10 i did? when visa signature asked everybody what upgraded experiences really mattered... you suggested luxury car service instead of "strength training with patrick willis." come on todd! flap them chicken wing

so how did tesla manage to pay off its government loan nine years early?one of the best cars ever made, drivers will actually demand it. and with the first run of 23,000 model-s cars immediately sold out, the company's stock skyrocketed. tesla quickly sold some shares, and immediately wired the money raised in the market straight to the department of energy. this was followed by elan musk announcing last night that tesla will be tripling its number of recharge stations by the end of june. some republicans have been quick to declare tesla's success as little more than a stroke of luck for the government, turning their attention back to sew lynn extra, a failed solar panel company given a $535 million loan under the obama administration, just a slightly larger loan than what tesla received. no matter what solyndra's loan program followed in the footsteps of the advanced technology vehicles manufacturing loan program, it followed in that legislation passed by republican-controlled congress, which was signed into law by none other than george w. bush. that's t

cheap tesla would still be $30,000. chevy introduced the spark ev, just a lease for $199 a month, could be less than 20,000 to buy with the tax break. it's a rebadged korean vehicle and gets far less range than the teslas do, more like a leaf. it is competition as we see in the electrical industry heat up. >> 5:34. california has one of the highest rates of tuberculosis in the country, the biggest area of concern is right here in silicon valley. it's something health officials want to change. damian trujillo joins us live to discuss the issue. >> reporter: good morning the numbers are high in the south bay. in fact they're high across the state, that's why those experts are going to be here today at the doubletree in san jose to address those concerns. the south bay which includes san jose, sunnyvale and santa clara has the highest tb rate of any metropolitan area in the country and california as a state continues to have the highest number of cases compared to every other state. that is why the experts are convening he

anyone that owns shares in tesla motors and its ceo, eel lon musk. tesla crushed first-quarter earnings expectations and posted its first quarterly profit in its 10-year history. the stock skyrocketed more than 24%. hitting a record high. elon musk owns 33 million shares. which means he made $449 million today. >>> also making money, investors in green mountain coffee roasters. it is one of the most heavily shorted stocks in the market but the company reported strong fiscal second-quarter earnings and is expanding its partnership with starbucks. that stock surged nearly 28% on the news. >>> but losing money today, it's a secret, victoria secret. april same-store sales grew less than half of what analysts expected. unsees noneably cold weather last month is being blamed for a short fall in hemlines and demand. shares of victoria secret's

i don't know if a tesla been affordable.out of power on the jersey garden turnpike. not where you want to pay $90 grand to take a parking spot in. the best, quiet, most powerful ride i ever had. no wonder consumer reports gave it the highest rate possible. does the stock deserve to be bought? a different question entirely. it roared from 80 miles per hour on i-95. tesla motors got hammered. the company might make 21,000 cars this year. but it wouldn't be profitable at this moment without government subsidy, something elon musk agreed with on "squawk on the street." i say pretty much. musk is confident he can trim production. he says it will make the company profitable without the subsidies. i am reluctant to doubt musk. he makes a superior vehicle that is the envy of the industry. a product that's loved by environmentalists and car buffs alike. leak it or not, by the way, he has crushed the shorts with a profitable quarter in the promise of cheaper financing per vehicle. something that will grow the market far more quickly t

jeff flock is live at a tesla star in skokie illinois with more. are they flying off the shelves or the floor or however they're nailed down? >> i have never been, melissa, to a car dealership, it is not really a dealership where you can't buy a car. they don't let you buy a car here. you can't just walk in and hey i want to test drive it. you have to schedule it in advance of course if you're us and you can walk in and get a test drive. this is the model s. this is a wonderful car, i will say. motor trend says it has got to be the best car they have ever tested. that is pretty amazing. you wonder, can this stock continue? i want to make sure i put it in park here because i would hate to wreck this thing. look at sales, q1 of this car compared to its

when you buy a tesla, california gives tesla an environmental credit. it, in turn, sells that to detroit auto mamakers to help t reach california clean air requirements. that may be one of the reasons that tesla sells so well. they keep prices down, because they are receiving money elsewhere. by the way, the world record for my son, ian and i, eight teslas on the highway on sunday. try to beat that. >> you counted them? >> we counted them. we used to play slug bug. now, with he play tesla model s. i want to hear better. >> you have to come up with a cool name for it. slug bug is great. tesla something, we'll work on that one. >>> 5:57. the fight to keep a popular bay area theater from being destroyed. >>> police in riot gear hitting the streets and cinco de mayo celebrations turning vile lint. >>> the san mateo bridge, what the limo driver is telling nbc bay air why rea in an exclusive interview. >>> smoke, smoke, smoke, pull over, pull over. >> a bride and her friends trapped by flames. what the limo driver is saying about his passengers' desperate cry

the thing about tesla, if you go to l.a., people are driving teslas left and right. you don't see them in new york but it is the "it" car in l.a. this conference call must be read. it is a textbook of what should go right at a company. we're making money. david, it had the most congratulations to question on ratio i've seen. there wasn't anyone who didn't thank him for letting them be on the call. thank you for letting me be on the call! it was lap dog. >> one last thought -- they did not say they want to raise capital. we both thought that would be maybe a good idea -- maybe not. >> you had to listen to that call and you're tesla to really get it. >>> david is in las vegas and david rosenberg has been notoriously bearish. what does he have to say about this rally? >>> also, the big board bracing for the third biggest u.s. ipo so far this year. finally got a single letter symbol. >> remember qwest? >> quintiles returning to the street. live interview with the ceo as well. >>> another look at futures, relatively flat here but we know how that turned out yet. live from

>> tesla was one.rt to trend away from the normal, go ahead and pull up, what do you have? this one is. >> tesla motors. jeff: what they started to see was positive tweets coming out before you got the jump on the stock. as early as yesterday. show me some of the actual tweets, if you can. >> these are some that are coming in right now, let's find a legitimate account. so here you go, what they are doing is buying calls. another push toward the end of the day. this is a guy going along anticipating the stock going up. this will be calibrated. >> they weed out people who they know are not great traders, and so you begin to get a score that you can actually tried off of. show me this, one of the fathers of this program. what am i seeing? >> you're looking at a collective portfolio selected by choosing force greater than to uncertainty. jeff: they chose those and traded at the start of the day committed what kind of of a return? >> 34% return compared to a 30% return for the s&p. jeff: if you have a probl

and that is tesla.a lot about it, and if you take a look at the score card here, it has scored over 170% in the last two months, after it came out with its first profit ever. this is a company, guys, that only a few years ago, it needed $500 million to build an electric car factory, it was going through layoffs, canceled orders and had record losses until the department of energy stepped in and now it is dotting the entire country with superchargers. let's bring in phil lebeau. really, this is your beat. you've been covering tesla from the start, phil. and even though it has been soaring overall this year, it's had some pretty wild swings as well, hasn't it? >> huge swings. if you're looking for a very volatile stock right now, check out tesla. in fact, go back to may 1st, and just since may 1st, they have had nine trading days where they have been up or down an average of 9%. think about that! this stock is all over the place. this morning, it was way down, jumped up dramatically early in the day, and

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." >>> the bill blocks tesla from opening a showroom in the state.ill leaves tesla with two options now, stay out of the state entirely or go through an auto dealer like all other automatic dough maaut automakers have to. north carolina is not the only state. massachusetts and new york have gone to court. >>> it's interesting. scott mcgrew tells us, they're not going to sell any cars in virginia either. >> yeah, virginia said pretty much the same thing to tesla. that didn't even get as far as the state house. the head. dmv said december tesla would bg laws by not going through the are dealers. car dealers in virginia and north carolina are important people in the community, and they vote and they contribute money to local politicians. tesla is from california. >>> back here at home, google launches its annual developers conference this morning in san francisco. google i.o., that's input/output, in case you were wondering. among the revelations a paid music service similar to spotify. google ceo gary page talking about his inability to speak. page was

end of the year, tesla owners will drive from los angeles to new york charging on tesla's network of super chargeers only which will be loathed every 80 to sun miles. the c.e.o. says that the charges will be faster lowering the time from three hours of driving to under 25 minutes with additional super chargers in california, across the country, and even canada. >> microsoft announced they will try to fix what they got wrong to last year's radical makeover of the ones operating system. many users have been confounded by windows 8 which uses interactive tiles rather than the familiar icons used for decades. microsoft announced they will offer a free update later this year that will bring back the start button in the bottom corner and let users move the tiles. a firm claims the redesign led to a drop in pc sales. >> san francisco mayor lie did not realize the plans for apple for a store at union square included removing a popular fountain. he says the plaza along stockton where the 40-year-old fountain stands was not part of the city's discussions with apple. preservationists say the fo

a way to look the at tesla. is up 40% in the past week, in the couple of days, actually and posted the first ever profit and did well in consumer reports and all right, nicole, are we above 80 bucks on te tesla. >> it's about 5% as we kick it off. 79.69. so it's pushing the levels of the $80 mark and you gave one stat and i'm going to give another. in four weeks, it's up. tesla is like the stock of the year, goodness' sake. and you talk about the consumer report. the model s. 99 out of 100. we haven't seen that since years ago got the almost perfect score. >> pre-market i saw it above 80. we'll follow that for you. thanks indeed. just hit 80, there you go, it's back to 80. an extraordinary performance. i'm going to bring in gilmor moral morales, you're going to give us stocks that were heavily recommended, tesla, and others. tesla, hit $80 a share and you own it. is it going to hit 100? >> i think it has the potential to get to $100 a share easily and i think that what they're doing is much different than the ot

and audi all the model as comes at a fairly high price tag between seven hundred grand tesla c.e.o. elon musk so this week that the company plans to make a slightly smaller model of the model s. in the price may be slashed by up to fifty percent making it easier for middle class americans to four to afford the clean green cars typically when you consider that you don't have gasoline costs but tesla isn't the only car manufacturer witnessing soaring sales of electric cars another american car company forward now has the ford focus electric and there's the nissan leaf these two less expensive electric cars have help triple the number of electric cars sold over the past two years from seventeen thousand five hundred twenty eleven to fifty three thousand in two thousand and twelve. soon even electric cars could be a thing of the past researchers are now trying to create vehicles that run entirely off hydrogen either jimbaran safely and slowly and fuel cells use it as a fuel to produce electricity through chemical reactions and you can create it using water and just run electricity throu

north carolina isn't the only state trying to restrict tesla. dealers in new york and massachusetts have gone to court to try and block the bay area company from opening showrooms in their states. >>> thousands of people at the mosconi for the annual google gathering. >> a lot of news out of google io. >> that stands for input output. that's all you need to know about that. you what need to know here, the big developer's conference, tickets for which went on sale, took a couple of days to sell out. they cost hundreds of dollars, sold out almost immediately. here you see the big keynote speech actually handled by a number of google bigwigs and engineers, including a record number of women presenters. we'll be seeing a lot of news about subscription music, google area maps, the area in san francisco will be filled with people wearing google glass. there are 2,000 pair of google glass out there that have been manufactured. all assume all of them will be in one place today. scott budman lots about google io tonight at 5:00 and 6:00. >> hope all thos

tesla stock continues to captivate wall street. the high-end electric car maker's per share price has doubled, jumping from $30 to $60 just within the past six months. that's before the stock hit an all-time high of $81 after announcing its first profitable quarter last week. adding to its momentum - sales. in the first quarter tesla outsold bmw, audi and mercedes. virgin america is closer to launching an ipo as it attempts to fly toward a profit. virgin america has yet to make money since it took off in 2007. the airline recently lost $145 million, but is reported to be re-working the debt it owes to sir richard branson's virgin group and other lenders. the ceo of virgina america believes the airline will become profitable later this year and put its stock on the market as early as next year. another sign of economic recovery - hotel prices are nudging higher. as our cover story explains, some say it reflects more demand as americans gain confidence in their work situation and their ability to take that vacaction they've put off s

so jonas says oh, my god, tesla, i'll see his tesla and raise the other goofy companies that the government pumped up. >> brenda: that's one i want to get in on. what do sea instructors and cruise ship work divorce to do with the immigration reform bill? an answer that could give taxpayers a big chill. that's at the bottom of the hour. up here first, think that sticker shock at the store is bad now? wait 'til you hear what mother nature has i store for you. get ready to get grilled >> brenda: holy cow. beef prices hitting a record high. so pricey, even mickey d's is cutting the angus burg fresh its menu and shoppers have nature to worry about. a cold spring delaying the planting season and a fruit disease hitting florida'srange crops. john, how bad is this going to get for us at the grocery store? >> i think it's goi to get bad for middle america, especially, because you look at corn prices have doubled in the last four years, mainly due to this ridiculous corn based ethanol plan we have. beef prices at a ten-year high. you have gas prices that are still high as well. look, you have a lot o

absolutely. >> consumer reports praises tesla and linkedn celebrating 10 years. >> yes. good afternoon. i am at linkedn in mountain view. the world's largest professional network began 10 years ago in reed hoffman's living room with 25 million users it continues to evolve and helps users stay on top of news, president obama in texas urging lawmakers to approve more medical spending on technology-based education. he made the push from austin. the president says to serve as an example to the country. consumer reports awarded tesla, model s with highest rating receiving a score of 99 out of 100. and news comes after tesla reported a first quarterly profit thanks to better than estimated sales of the car. tesla is now the top seller of rechargeable cars in the united states after sales surpassed those of gms chevy volt. stocks declined today despite weekly jobless claims falling to a five-year low. your bloomberg silicon valley index dropping as shares of adobe and apple split. and you tube set to begin selling subscriptions to 30 channels of content. each will cost from 99

and tesla shares, got to talk about them.y broke above 80 yesterday and then they went above 90, but lost their steam. why? because the chief ceo, he tweeted that a big announcement about the company's super charger technology will be postponed just for a week. and nicole, we're at 82 now. >> and super charger technology is just one of their many things, and the truth is, this stock has been a darling. this month alone the stock is up 54%. and as you noted, it's broken through records. and they continue to get credit, green car credits, and that's good news for them. and that will really tie in about 11% of tesla's expected revenue for 2013. so, so far so good for tesla. >> thanks very much, nicole. i've got an important and breaking story here. reuters is reporting that the swiss national bank is investigating where the bloomberg journalist accessed its usage data. and this is the story about the wall or supposed wall between the reporters from bloomberg and those terminals which have all of that data. you can look at it the

the market capitalization of tesla today is only a $6 billion company. has tons of rooms -- something that has tons of rooms to grow. it's got a global customer base. so while the growth is there, you're talking from a percentage standpoint it's coming from are a very low base with a huge runway in front of it. cheryl: other electric car makers have had a lot of trouble. you've got the state of california trying to put electric vehicle charging stations and subsidizing that with california budget money, things like that. how do you think tesla can circumvent the issues that have hit companies like mys kerr? >> the difference between fisker and every other market is the product that's being adopted not because of tax credits, etc. the adopters are being purchased because of the quality of the vehicle. pound for pound, the tesla vehicle is competing with x class, porsche. you're buying a high performance vehicle that happens to be an electric vehicle, not because of a tax credit. cheryl: and you're saying ev. >> yes. cheryl: electric vehicle. >> correct. c

and, consumer reports gives tesla its best rating ever. what the glowing review could do for the stock. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, may 10th. i'm angela miles. in today's first look: traders are already shrugging off yesterday's sell-off. stocks fell thursday. the dow hit a record high, but pulled back. the s&p ended a string of record closes. gold and oil also edged lower. in earnings after hours, priceline turned in profits that were 34% higher than last year, but the forecast fell short. molycorp had a loss that was better than expected - shares rallied hard in heavey volume after the close. facebook is said to be in talks to buy isreali mobile satellite navigation start up waze for $1 billion for its mapping service. it would become facebook's biggest aqcusition to date. and mconald's is cutting the quarter pound angus burger from its menu as beef prices reach a 10-year high. scott bauer of trading advantage joins us now fo

but is tesla really become profitable?ll do the math for you. >>> plus the deficit is shrinking far quicker than thought. are this year's tax hikes actually to blame or is it just a drop in the bucket? we're going to debate it. coming up. do you have ever have too much money? snowed snowed. ♪ . ♪ . melissa: talking of cruising along, have you noticed how much tesla's stock has exploded? check it out as shares have soared 150% so far this year. partly from first quarter profits of 11 million dollars, its first-ever profit. get this, its shares are up 7% after-hours as it announces new offerings of common stock an convertable senior notes. what s really going on. can shares stay this hot? joining me to break this down, "wall street journal" auto columnist, dan neil. this is a company everyone loved to hate before. now everyone loves to love it. let me try to poke a few holes in it to see what you have to say about it. first of all, robert weinstein wrote some critical things about the last earnings report that got this ball

someone is short tesla, okay?some stock, that maybe there will be some stock for sale and the stock has doubled. no, they come in today and they want to stick their fingers into the socket that the guy used the tesla for my end. that's what you want to do. this thing -- the success of this car if it is as good as they say and it sells as well as it may, could it change the dynamic for the charging stations. >> is it finally the chicken? >> i know eating does charging stations. they were trying to move toward the natural gas charging stations and the guys, there's the -- dave crane. dave crane's company also does charging stations. >> does he? >> yes, and rg. that's what i call a derivative play. in the meantime, there is some hedge fund right now saying you have to take me out of my pain. you have to take me out of my pain. you can haver is quill and the preferred drugs of persons everywhere and you still cannot deal with the pain of tesla. >> you said this could be the end of some funds. has to be. who can sustai

that is about the cheapest with tesla? >> well you can start at 70.mercedes s-class. cheaper than the audi a8. that is comparable vehicle. if you're not going to buy it, you will not buy it because of electric and you're worried about that and running out of juice. not because it is more expensive. i don't think it is more expensive. david: elon musk one of the smartest guys in town. no denying. >> prettier than a byb. david: it is a fun car. the question whether it can be mass produced. whether there is a mass market. we'll see. >>> call it the gold standard of bacon. why one piece of bacon is selling for $40 at a new york bakery. that is coming up. ♪ . melissa: let's take you off the looks like there is something congress can accomplish, naming post offices. the congressional reserve service found 20% of laws passed in recent yearsswere for post office dedications. out of the 240 total bills passed during the 112th congress, 46 were deeications david. david: save me from these people. "off the desk", new york bakery called the bacon re, they're spec

. >> tesla set to pay back its loan this morning. we'll take a look at what it means coming up. >> announcer: you're watching "today in the bay." >> good morning. more inspiration to get you through the middle of the work week. love the shots we have had this morning. all sorts of good things out there. a live shot of san francisco and the sky. love it. 5:11 now. rapper eminem taking facebook to court. accusing them of slim shady tactics. a song publisher filing suit against the tech giant and its ad agency saying they copied music from the rapper's songs. the suit claims a facebook ad broadcast online last month used music from eminem's song "under the influence" to announce the facebook home service for android phones. facebook at this point has not commented on the lawsuit. >> we are talking about this one this morning. tesla will make an historic move today. it will pay back its loans to the government. scott mcgrew, nine years ahead of schedule. >> nine years. taxpayers will pocket a profit. an electronic payment from the bay ar