we talk about it, was tesla, doing some sort of call spread, risk reversal and vivian. but i'm not going to go overboard. i think there was something towards kathy woods, and i would like to take the opposite side of a lot of her trades because i think she's wrong more than right. but if you are going to limit the risk in the industry, i think gm is presenting itself the option in terms of selling options. i'm looking at selling the call spread out to august. this place an earning picture which is coming up in the next few days, when earnings come out. the stock tends to not move a ton after earnings. only 6% a couple of times the last five years. looking at the 39-43 call. i purchased the 43 calls, stock myself out. i think that is a decent amount of premium. if i am wrong, our trades on review in tesla, i think that goes a lot higher. this is a long short trade, on the high flair, takes the option premium which is sort of elevated into the earnings that's coming up. >> how you look at general motors, the options trade that he laid out, or more broadly, the autos? >> i

tesla reporting earnings. i want to point out that big pick up was apple trading at a record. they will be launching a competitor to openai. let's get into these stories and our other top stories, and get to our morning roundtable. joining is bloomberg's lizzy burden valerie tytel. we should start with news out of china supporting the currency. lizzy: the yuan is jumping, china stepped up its support. they have also changed the capital curbs to attract inflows, and on top of that beijing is considering easing home buying restrictions in some of china's biggest cities. all of this in response to the disappointing gdp figures on monday. dani: china is not ok with continued weakness but looking at the equity market, it is down with not much of a reaction, and it goes to the question, is this enough? are we putting a band-aid over the issues? the property market is huge but the analyst commentary seems to say this is not large-scale enough to change the fundamental picture. valerie: we might have to wait for the meeting next friday for any formal announcements. speculation is it w

good morning, richard. >> good morning. >> i have to say similar to what i was discussing with arjun with teslai was surprised how adverse reaction netflix shares were after the results came out. it seems they did well on subscriber growth. strategy about cracking down on password sharing is paying off what do you think the reason the stock is down here >> i think the adverse reactions is due to high expectations going into the quarter there is a lot of discussion about some early metrics which would indicate strong positive subscriber growth. we saw that, but perhaps not as strong as investors were hoping. >> are we seeing the strong s subscriber growth because of password crackdown >> we had in the market with password sharing counter measures and we saw an uptick immediately. >> i noticed they are adjusting their pricing tiers. the standard option in the uk no longer exists. you have an option of premium with no ads or the very basic option with the cheapest option with ads what does that tell you? >> one of the fundamentals of ad supported tiers with the large category is they are highly re

i poked my head out and saw there was a tesla on top of that manhole cover that was on fire. >> around night there were reports of a loud noise and smoke in the pacific heights neighborhood, when they got there they saw smoke and confirmed an underground transformer failed. firefighters responded to the underground vault fire and found windows blown out and damage to a car parked on top of a manhole. >> we were having dinner and i got a notification from my tesla app that your car alarm has been triggered. >> recently she bought the car. >> i get there and another explosion happens and i have it on video. i am thankful that i was not in the vehicle and i am thankful that there were no injuries because there is a lot of glass that was also shattered. on buildings that are 10 stories high. >> probably a lot of the explosions, this was the loudest i had ever experienced. >> all the windows exploded. and shattered. some of the glasses hanging out of windows and the debris of the tesla on the other side of the vehicle and street. it is crazy. everybody i'm glad was safe. >> despite the dama

there was a tesla parked there that was completely destroyed. residential buildings in that neighborhood, their windows were blown out. it looks as though things are appearing to be cleaned up this morning. but authorities had to cover a lot of those windows to protect those residents overnight. this is video of the citizen's app where that tesla was parked. it ended up bumped out in the explosion because it was parked over that manhole cover. >>> we're going to turn now to cinthia pimentel for one final look at the forecast before we go on this sunday morning. again, that underground explosion, no word on what caused it. what kind of sunday are we looking at? >> a great sunday. this weekend, a good weekend if you don't like the heat to get out there. san francisco, a little bit of a breeze there. but i think as we go through the week, look at all the sunshine icons returning. by next weekend, it's going to be very, very hot. we put that icon back on the board. warmups as we go through the week. >> cinthia thanks. we'll have more local news toni

there was a tesla. >> i have no idea what happened. dion: the good news is no one was injured. another driver caused that crash, according to police. the tesla driver was on his way to work when another driver crashed into him, causing that chain reaction crash. 3.6 magnitudeua shook morgan hill at 7:00 along e laveras fault. no injuries or damage was reported, but there are reports of people feeling the shaking as far north as san francisco. the biden administration's income-based student debt repayment website is now online in a beta form. federal student loan payments are set to resume in october. our words can begin submitting applications for the saving on a valuable education, or save, plan. it can reduce overall debt. the supreme court struck down biden's student forgiveness e save plan was created as an alternative. here's a look at the site now. it is studentaid. you can complete the application in 10 minutes or less. taking a live look now at sfo tonight, where a new first on the west coast gps system could be the solution to airplane noise in and out of the airport. a

and it was sold in rancho cucamonga. a tesla cybertruck was spotted in fremont tuesday, fresh off the assembly line. take a look. the vehicle was seen days after tesla announced the completion of its first cybertruck at its factory in austin, texas. video recorded by jeff takahashi shows the electric truck take off from a stoplight and go around the corner. the model was first unveiled in late 2019. tesla previously priced the electric trucks up to $70,000. but has since removed the price tag from its website. an appeals court has agreed to reconsider an earlier ruling on an anti-union tweet made by elon musk five years ago. the fifth circuit court of appeals in new orleans says it will review its recent decision that musk violated federal labor law by tweeting that tesla employees at the fremont plant would lose stock options if they joined a union. musk tweeted the message when the united auto workers were trying to organize employees at the plant and earlier decision found the tweet was unlawful because it could discourage un

the summit's keynote speaker was tesla ceo elon musk, and he says industries should transition to sustainableas quickly as they can. we are moving at this point, i think quite rapidly towards an electric future and towards a sustainable future. so you know, i'm fairly encouraged on that front. i think it's going to happen. it is happening . you know, we can always make it go faster. that would be good . other subjects being discussed at the summit include wildfire mitigation, underground power lines and decarbonizing the gas system. the countdown is on. just three more days until taylor swift arrives in the bay area. what fans need to know if they're planning to attend one of her shows at levi's stadium. plus, relentless heat wave that has been threatening the south and southwest, now taking aim at the eastern part of the country. i'm casey stegall in dallas will tell you who will feel the heat coming up next from a ktvu weather center. taking a look out from sutro tower towards o. it looks like we're looking out towards moran and it's no sky july there when or if it will clear your bay area

now, the summit's keynote speaker was tesla ceo elon musk and he says that industries should transition to sustainable energy as quickly as they can. we are moving at this point. i think, quite rapidly towards an electric future and towards a sustainable future. so you know, i'm fairly encouraged on that front. i think it's going to happen. it is happening. you know, we can always go faster. that would be good news for the utility industry. it's great news. people are going to use a lot of electricity like a lot, a lot other subjects discussed at the summit included wildfire mitigation, undergrounding power lines and decarbonizing the natural gas system. some health care workers will return to the picket line tomorrow after demonstrating today outside of some kaiser hospitals here in the bay area. those kaiser employees are protesting what they call unsafe staffing and a crisis in patient care. they have a labor contract that is due to expire on september 30th. the unions representing the workers want kaiser to hire 10,000 new workers by the end of this year. despite today's labor actio

the summit's keynote speaker was tesla ceo elon musk. he says industry should transition to sustainable energy as quickly as they can. we are moving at this point, i think quite rapidly towards an electric future and towards a sustainable future. so you know, i'm fairly encouraged on that front. i think it's going to happen. it is happening. you know, we can always make it go faster. that would be good. it's news for the utility industry. it's great news. people are going to use a lot of electricity like a lot a lot other subjects discussed at the summit today included wildfire mitigation, undergrounding power lines and decarbonizing the natural gas system. in barry weather today, a bit of a warm up today. we're talking about heat advisories or excessive heat warnings or triple digits, but still some spots close to 100 degrees, mid to upper 90s for concord and fairfield this afternoon. closer to the coast here, not too much of a warm up with san francisco 68 and san jose in the upper 80s 87 degrees. so a break from the heat as you can se

there was a tesla near there and a big white truck cover toed in smoke. firefighters have not released the cause of fire. we'll of course continue to bring you updates this morning on our midday news. also check nbcbayarea.com. >>> good morning and thanks for joining us. i'm laura garcia. >> i'm marcus washington. >>> the other top story, the city of albany and a local lions club continue their fight for a cross. nbc bay area's bob redell joins us live this morning. >> that's right. he's outside the hayward hall of justice this morning. both sides are back in court for the start of the trial. >> reporter: correct. they went before a judge, not a jury. at issue is a 28-foot-tall cross that the lions club installed at the top of albany hill park in 1971 when the land was privately owned. city of albany has since acquired the land and removed that cross. there were pressure from people who were atheist and a federal judge ruled the city was in violation of the first amendment by favoring one religion over the other by having that cross on city land. the city

the family was getting ready this morning when they heard what sounded like an explosion in their newly renovated backyard. a tesla was submerged in their pool, yep. and the driver apparently crashed right through their brick wall but wa able to get out of the wreck okay. the pool and wall not so okay. >>> and on the topic of pools, here's what police found in one at a home in burbank. a bear just hanging out taking a dip i the jacuzzi. hard to ignore the stunning view. he's just hangin out. he got out, scaled a wall, and climbed a tree. >>> it turns out the big crack that shut down a popular roller coaster in north carolina wasn' the only part that was broken. the amusement park replaced the steel support column that broke last month, but test runs just turned up another smaller break so the park is now doing a full maintenance review of the ride which has no reopening date. >>> and if you didn't win the megamillions tonight, don't worry, no one did. that means the jackpot just crossed the billion dollar mark. it will be 1.05 billion to be exact when they draw the numbers on tuesday. that's tied for the fourth bi

well, he then chased the suspect to a park tesla nearby, which is when firefighters say the suspect, quote, quickly learned that he wasg detained by a trained mixed martial artist introduced him to a double arm bar officials eventually arrived and took the suspect into custody. they also discovered that the tesla was stolen from fremont and had more flares inside the grass fire burned about 15 acres. >> buyers beware. scammers are no use of skimmers, said atm's and gas stations. but as kron four's philippe djegal reports now the alameda police department says you should also know thieves are now hitting retail stores. >> we have seen skimmers throughout town in various ways. alameda police advised to not only check for skimmers at the pump or atm little. so the next time you step in line to buy groceries or anything else at your usual retail stores, i always recommend if you going to use any type of credit card or even your phone to tap, to always check any type of terminal to make sure that there's no devices that were left on there or it hasn't been tampered with crime prevention technician mckayla parker says thiev

i did hear you correctly can't the same be said for tesla over the past -- it's come back a lot this year, to make the fair point, but last year was very bad year for tesla in the stock market >> i would say with rivian you had an ipo around $78 was the price. the stock trended lower throughout the year on supply chain issues and manufacturing issues and, you know, investors were unwilling to -- you had a stock that people were questioning the future of this company three to five years from now given the capital needed to be raised. i think my long-term investments i feel a lot more comfortable about after the past two quarters in a stock like you said had been quote-unquote taken to the woodshed. you've got an under-appreciated asset here where investors have to do a 180. as far as tesla -- i would say as far as tesla, yes, there was a draw down towards the end of last year, but i don't know it was ever around the company fundamentals it was around what's going on with tesla share price is their ceo willing to fund tesla, fund twitter? it wasn't really around the fundamentals and as tesla's fundamentals have improved it's around

tesla was probably a premium car—maker, aiming at those premium car—maker, aiming at those premium brandsaditionally establish now, by pushing its prices down, it is hitting the mainstream and that is putting a lot of pressure on those established mainstream car—makers, who are looking very warily at how they respond, while maintaining those profit margins.— they respond, while maintaining those profit margins. there will be billed while _ those profit margins. there will be billed while watching _ those profit margins. there will be billed while watching that - those profit margins. there will be billed while watching that the - those profit margins. there will be | billed while watching that the other thing it is putting pressure on infrastructure. —— there are will be people watching. we know that electric vehicles face their own challenges, not least the battery technology on board with the charging infrastructure. is that starting to change? i'll be hitting a tipping point there? way more of that in the structure is available. i think what is coming, and i think thatis i think what i

he then chased the suspect to a parked tesla nearby, which is when firefighters say the suspect, quote, quickly learned he was being detained by a trained mixed martial artist who introduced him to a double arm bar. officials eventually arrived and took the suspect into custody. they also discovered that tesla was stolen from fremont and it had more flares inside the grass fire burned about 15 acres. new at 60 an licensed cosmetologist charged with causing the death of a kim kardashian look-alike model. >> appeared in court today. vivian alexandra gomez entered a plea of not guilty felony involuntary manslaughter at the hearing today in redwood city. she's accused of injecting silicon into only fans model christina or connie inside of burlingame hotel room. connie died from the injections a day later, gomez remains out of custody on bond. she is forbidden from performing any cosmetic procedures as she awaits her trial. >> scammers are known to use skimmers at atm's and gas stations. but kron four's philippe to calm reports for us. the alameda police department says you should also know that thieves are settin

and the keynote speaker was tesla ceo elon musk.cluded wildfire mitigation, undergrounding those power lines and decarbonizing the natural gas system. no winner this morning in the big mega millions drawing. yeah the mega millions jackpot was about $820 million and the odds of winning it, 1 in 302,000,000 now compared that to the odds of being hit by lightning twice. that's 1 in 9,000,000. so now the jackpot has grown to $910 million. well, here our last night's winning numbers three, five, six, six 4461. mega number 25. the next drawing is friday. i'll be there. pam okay. all right. time is now 540. let's check your weather on a wednesday morning. roberto gonzalez is working hard . yeah, you guys have been talking a lot about baseball. you've been talking about powerball. so i thought i'd give you the baseball forecast. a lot of people leave home for work and then they go straight to the ballpark. lucky you. well, it looks like we do have the wrong forecast there, but this is what we wanted to get you. if you're going to the baseba

which was ai, tesla, netflix, faang today was not working. d i wouldn't be surprised if that is as you said more than a one-day phenomenon that we see a rotation into something else >> carter, can you make sense if tesla moves in charts? it's seemingly all over the place. >> but so many stocks are. what about meta? 315. >> good point. >> or g.e. tripling off its low. what we do know, and it speaks to what you heard, a first drop in gap in very heavy volume, it's tempting to say hey, i missed this. i shouldn't buy some tesla it's hugely wrong. and some people believe in a three-day rule forget all that let the dust settle. >> the deflation comments for sure tesla accounted for nearly 10% of all options trading today let's bring in mike khouw because he is going to break down the huge day of action. what happened here, mike >> tesla is usually the busiest single stock option, but nearly doubled its volume today that meant that it represents a close to 10% of all options volume, more than 15% involve single stock options volume. calls did outpace

tesla, a rational judgment. but you can't do that in china because of these handcuffs placed on him. keep in mind, this pledge wasg, so tesla may decide at a certain point to jump on the grenade and let it explode >> if you do a deal with the chinese government, it's pretty binding, isn't it? >> when they say you have complete freedom to follow this or not, take that with a wink and a nod. >> mark, thank you for your expertise. the stakes couldn't be higher. >>> still ahead, meta's twitter competitor threads has launched and is off to a good start what comes next? we're back in two bhin nuts. . j. i'm a retired school librarian. i'm also a library board trustee, a mother of two, and a grandmother of two. basically, i thought that my memory wasn't as good as it had been. i needed all the help i could get. i saw the commercials for prevagen. i started taking it. and it helped! i noticed my memory was better. there was definite improvement. i've been taking prevagen for a little over five years. prevagen. at stores everywhere without a prescription. >>> welcome back to "the exchange." meta moving lower with the rest

says that he was out, saw a man intentionally started grass fire with a flair near the intersection of animal kelly and lane and turner parkway. so he chased that guy. the guy ran to a tesla that was parked nearby. well, the mma star used his skills to detain the other guy. police got there and they took that person into custody and look what they found in that tesla. first of all, the tesla was stolen out of fremont and there were more flares inside that grass fire ended up burning about 15 acres. the woman charged with causing the death of a kim kardashian. lookalike has pleaded not guilty. vivian alexander gomez is accused of injecting silicon into model christina gore county in a burlingame hotel room and door county died the next day of that injection. gomez is free on bond. she is forbidden from performing any cosmetic procedures as she waits for her trial. it's 10 35 and police in mountain view have arrested a man who they believe assaulted a teenage girl on the bay trail. remember, we told you about this attack that happened on july 5th where the girl is out walking on the trail. she says i'm an approach or touch her inappropriately and then took off. she actually

that seems really high but when you look at the people who are not looking out of tesla it's all because of elon musk. that wasber one reason for people not looking at tesla. you never see that kind of correlation between the ceo and product making decisions. even among these people were turning away, they still love their cars and the lot of their comments voice stop. ed: the questions posed this year versus the first year started. how else have the responses shifted? tom: i missed the first part of your question. shifting responses? says 2019 the number one question was in elon -- and elon sentiment. elon's tweets after acquisition where the worst scoring among all of the questions. ed: coming up, the conversation with meta's susan li, you do not want to miss it. this is bloomberg. ♪ 5-hour energy. the 5-second coffee. 76% of 23andme health customers surveyed reported taking healthier actions. because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. every business that's why comcast business de is launching th

accomplishment for tesla, phil >> contessa, these numbers were above the expectation on the street even the bullish analysts were saying it might get up to 455 or 460. the consensus was 445,000 vehicles delivered what did tesla deliver 466,000. a little bit over that for the second quarter 10.2% increase quarter over quarter and the consensus was 445,000. they were doing well above the street was expecting you combine the 466 along with the 422,000 and change in the first quarter, and you are looking at tesla deliveries, if you look at the annual growth basis, they are halfway or just under halfway toward the guidance of delivering 1.8 million vehicles this year when you listen to the analysts and read notes this morning, that's what you see time and again. all of them say much better than expected halfway toward meeting the full year delivery guidance the real question is in a couple of weeks when the company reports q2 financials. what was the average selling price? no doubt the price cuts throughout the spring in china and in north america and europe. how much did that cut into the margins? it helped in stoking sales, contessa, but the question is how much did tha

on fire, but the tesla was on top of a man that exploded. firefighters say no one was hurt, but this marks the second time in less than three months that there has been an underground vault explosion in san francisco, this knocking out power for the financial district. the power of the explosions were incredible. >> a really loud bang, a series of them, but the first one was really loud. it blew out all the glass in all the windows. >> when i realized there were broken windows and the car was on fire, it seemed like something more serious. >> this morning one san francisco supervisor is calling for an investigation into the police response to the dolores hill skating event. people were >> that level of dell excessive force is unacceptable in san francisco in a group of teenagers. >> he is referring to this scene saturday night, police officers in riot gear moving into disperse a crowd of hundreds of skateboarders who took over dolores street, spraying a bus with graffiti, police urging them to disperse. >> for a s with teenagers getting upse

the suspect ran across the street and got into a black tesla, and you can see by the photos, the tesla was still plugged in at the time. before the guy could get away, the bistander, who is trained in mma, pulled him out and used a double arm bar to detain him until police got there. the fire grew to about the size of 11 football fields until crews got it under control. and officers say they found more flares inside of the tesla. >>> police in southern santa clara county say they have nabbed a serial arsonist there who confessed to setting up to 15 fires. 32-year-old daniel is suspected of even more than that. the two cities have had nearly 30 suspicious fires since april, including that burned down a housings project. but the activity really ramped up this month. since yesterday, several witnesses reported seeing him either starting fires or breaking into cars. he managed to run away three times before finally being arrested this morning. >>> okay, and since we are talking about a warm-up, we obviously don't want to see anything related to anyone setting any kind of fire intentionally or

was about monetizing the services. look at amazon. monetizing ews. i think tesla years out. >> and this morning the white house 50 minutes ago saying it is working with companies for their own self regulation sort of, like for their own guardrails. is that the right approach? >> that is. and we talk about it in terms of self regulation is the best way because ultimately this technology is going 100 miles an hour in the left lane, regulations going 20 in the right lane. and i think that this is what really needs to happen because this is in my opinion 1995 moment similar to the internet. and this is ultimately a trillion dollars of incremental spending. there needs to be self regulation and white house finally getting the right message how to regulate. >> and you've been right on the energy in the tech sector. >> and i still have a bright green light to own tech. i believe this is thesis the st the new tech bull market in the coming years. >> dan, nice to see you. thank you. >>> and first it was disney, now florida's ron desantis is taking aim the bud light. the br

tesla. the expectation was for just over 448,000 cars to be delivered. ch better after coming out with a record 466,140 cars worldwide that were shipped. that is a stronger beat than what wall street had been expecting. it doesn't bode well because some analysts had been bracing for further cost cuts but the reductions we had seen certainly seem to be having their intended effect which is to increase tesla's market share. that is the state of flavor some of tesla's biggest suppliers here in asia. let's take a look at what else we are watching the session today. that is shares of tokyo. essentially, the company seem to demand related to generative ai technology. there will contribute to things over the coming fiscal year. still seeing investors really piling into tech stocks particularly after we saw apple entering the $3 trillion club on friday. >> talking about billings and blades of dollars in the tech sector rebounding. a closer look into china's weakening growth ahead of factory pmi numbers due in the next hour. plus, a long serving technocrat looks s

tesla was playing her heart out when she sang in ukrainian for us, and now she sings in the kremlin for a singer during the time of independence, received recognition and multinational awards in 1997, povaliy became people's artist of ukraine , and in 1998, she was awarded the order of st. nicholas the wonderworker in 2000 , worthy of the order of glory for loyalty to the motherland and st. anna from the uoc of the moscow patriarchate with a song she wanted yes there is also the government , at first she took an active part in yanukovych's election campaign and in 2012 she was elected to the verkhovna rada from the party of regions i believe in you viktor fedorovych and in i know your team as a person who believes in orthodoxy. i really want politics in our country to become moral. it is hard to imagine what kind of law-making activity povali was engaged in in the verkhovna rada, what could she do there besides pathetically wearing branded handbags and imitating a reasonable facial expression. in september 2014, the artist visited the state duma russia, after which the main investigativ

there was a tesla with its front end blown out. there were also reports of home windows being shattered. the tesla there. no injuries have been reported so far. authorities are asking people to avoid the area. >> in gilroy, one person is arrested after police say he set a fire at a business. this happened around 4 yesterday afternoon on first street. police arresting 26 year-old chase harlow after finding evidence that tied him to the investigation. harlow is facing charges in a robbery as well on a business avenue search still underway for another person of interest linked to several dumpster fires and apartment complexes across the city. these are pictures of both persons of interests. police say it's not clear if the 2 people were working together or if these we're isolated incidences. >> in san francisco, a grass fire burned 5 acres in mclaren park today. it happened in the city's crocker, amazon neighborhood stretched from geneva avenue near moscow street to sunnydale avenue crews containing the fire around 05:45am. tonight th

distracting him and there's lots of ancillary benefits that tesla and shareholders will get from this development versus twitter where the risk reward wasuch worse. for tesla shareholders for sure. ed: also in the news cycle, activision microsoft and you are in activision shareholder. the merger of the chance of this deal going ahead f 80-85% and the ftc filed a last night. what you see chance of this deal going through? >> with full disclosure, we sold most of our activision in the last two days after the ftc decision at around $90 per share or above. we felt the risk reward, it's a cash deal at 95 so we moved on so out of disclosure. i think the ftc will lose again. the ftc has overstepped their bounds and took very weak cases to court to her competition in gaming. they were not helping at all. the ftc needs to really reconsider what their purpose is because we are a capitalistic society. they need to find better cases and there are plenty of good cases they can jump in on. how about the llv golf situation? the ftc should be blocking that 100%. they need to focus on something a little more meaningful. caroline: we will let you get bac

that includes electric vehicles and the keynote speaker was tesla ceo elon musk.i think quite rapidly towards an electric future and towards a sustainable future. so you know, i'm fairly encouraged on that front. i think it's going to happen. it is happening. you know, we can always make it go faster. that would be good. it's news for the utility industry. it's great news. people are going to use a lot of electricity like a lot a lot of other subjects discussed at the summit include wildfire mitigation, undergrounding power lines and decarbonizing the natural gas system. the independent monitor overseeing wildfire safety program in sonoma county after the kincade fire has issued its first report. the monitor inspected power distribution and power transmission equipment, along with the agency's vegetation management efforts. the press democrat reports the review found all 72 transmission lines inspected were in compliance. there were 14 problems with distribution equipment. 49 of the 50 sites were vegetation management was not in compliance. now follow the guidelin

was a boiler that had exploded in our own building. we heard a lot of car alarms going off outside, and i poked my head out, the tesla that was on bob that manhole cover was on fire.>> windows of nearby buildings were blown out and a car parked on the manhole was destroyed.>> i'm thankful i wasn't in the vehicle, and i'm being told there were no injuries. >> she parked her tesla and went to be with her sister when she got a notification that her car alarm was triggered.>> i got there and another explosion happened, i have it on video. it's unfortunate. i just bought the car, it's my first car ever.>> they saw smoke coming from an underground vault and confirmed the failure of an underground transformer. customers lost power, but it was restored overnight and no injuries were reported.>>> a man is behind bars, accused of starting a brush fire. the fire broke out last night in a field near callahan lane. neighbors saw a man start the fire. firefighters say the neighbors detained the man until police arrived. dozens of firefighters responded because of the windy conditions and how close the flames were two homes. they had a controlled one h

was a really interesting story. that wasn't related to twitter per se. >> right. >> but basically, late last year one of this higher ups sort of chief of staff type moved from tesla over to spacex after there was a probe into the way in which glass was ordered for the tesla giga factory in texas. their newest u.s. vehicle assembly plant, huge operation, and new details emerge in the "wall street journal" about a week or two ago that said elon musk had his people pabuying gls for what could be an apple cubesque structure that may have been for personal purposes internal audits reported and she's got questions about that she's referenced that and wants to understand and the board to be transparent and makes sure that the board is making sure to keep elon musk in check. they tend to be very deferential in support of his vision, but are they doing the job on behalf of the company and shareholders when they might need to clash with and reign him in. >> yeah. laura, thanks for your reporting and bringing the story us to we appreciate it >>> still ahead, wall street executives are making bets against donald trump for the 2024 election that helped donor rolls for ron des

tesla's cutprice scandal has paid off. it means they can make greater inroads into the really competitive chinese market in particular, where competition is so fierce. of course there was concern, some concern where tesla launched this new strategy because of course it does have an impact on margins, but with these high volumes that continue, it's good news for tesla going forward. but the question is, because competition is heating up so much, will it be able to keep this high level of volume? and competitors in china, also offering very competitive prices as well. but it is not just the chinese story for tesla. the drive to become more affordable, for its vehicles to appeal to a wider price point, helps in other markets as well. of course the cost of living crisis has been raging, yet many want to jump into the electric vehicle revolution. we've seen this in other markets, the strategies paying off. peter: u.s. markets closed early for the fourth of july holiday and will remain closed on tuesday after big gains in 2023 so far. stocks rose slightly, the nasdaq adding a fit of a person, having surged the first half of the year. other news, saudi arabia has extended its

was holding the person down. and then they discovered that the tesla was stolen from fremont and it had more flares inside the grass for we can see burning there and burned about 15 acres. 6 weeks into her more than 11 year prison sentence. prison records are now showing that the sentence for disgraced theranos ceo elizabeth holmes has now been reduced by 2 years, according to the bureau of prisons. really states can change based on an inmate's good conduct completion of a substance abuse program or time credits that they are in for completing programs and productive activities. so the new release state is december 29th 2032, meaning she will likely serve 9 and a half years. holmes was convicted on 4 counts of wire fraud for letting doctors and patients use her company's blood testing services. while knowing that her company was incapable of producing apcurate results. coming up for the first time in a century of the u.s.. >> marine corps has no one in charge. details on the one senator that it allegedly holding everything up and why. plus, it's not just drugs. the new target of the cartels that's found deep in the

literally, he's a treasure he may not be ceo of twitter but he's calling the shots but he was running teslao day and tied up with the regulators on all this stuff that's not what you want him to do boards of directors need to think seriously about the kind of person who can launch these ideas, launch a company to the highest and best use and the professional leadership who can carry it on and really take it to the next level. but i think this whole concept around age needs to be completely rethought, tossed out the window as well that's been done largely on boards of directors where people are staying longer some people are ready to retire at 55. some people not until, you know, much, much later so i don't think you can create this artificial situation. now, founders is a whole different kettle of fish where you've got people who come in and take it to a certain level, hand it off and you know it gets fumbled. howard schultz is an example of this they brought him back a couple of times to run starbucks and fix the situation. but ultimately you have to groom a successor who can carry it forw

how he then chase the s%spect to a parked tesla nearby, which is when firefighters say the suspect, quote, quickly learned he was being detained by a trained mixed martial artist who introduced him to a double arm bar. officials eventually arrive. they took the suspect into custody. they also discovered that tesla was actually stolen from fremont and had more flares inside the grass fire burned about 15 acres and now to our 4 zone forecast as we get to a beautiful shot there of the transamerica pyramid from repairs to our studio. yes. looking out the window from the kron. 4 news for more on >> that's a kind magical looking shot. is it? why don't i have a window of all things. the weather, window to look at the weather, right? have radar and computer. okay. i've got a few things. we do have that fog that is rolling on shore right now in enjoy it while we have it that really there's really going to compress in the coming days. that means wash right down to the surface. >> not going to be able to bring that cooler well inland as we head toward the weekend. it will be a couple days before we set this up. but you can

they're going to be court today. 19 year-old was at cuesta was stabbed multiple times before she was dumped on tesla road on february 12. she was found and taken to the hospital where she later died. investigators arrested daniel gross and melissa leonardo in connection to the killing. rose pleaded guilty while in on a not guilty. both will appear in court at the dublin courthouse at 9 this morning and are expected to change their pleas. and the north bay family friends are pleading for help hopes of tracking down the person who killed a man from rohnert park. now police say jeffrey was shot multiple times on sunday kron four's terisa stasio talks with his sister as she tells us how he's now being remembered. >> ever expected that i'd be saying my brother was murdered. i've never imagine saying he was shot. he's brother. i thought that we would like have old age together. never would have thought that i'd be kerry caring for my parents. >> jessica farina says that she always admired her older brother jeffrey. now she is fighting to find out who killed. there's anyone out there that know something. p

officers confirmed that the tesla the man was in had been reported stolen in fremont. these flames did quite a bit of damage. you can see the charred out fields behind me. 15 acres burn the equivalent to 11 football fields. but bello's quick actions helped save nearby homes including his. >> it's important that especially in this community we help each other out most importantly, seeing something like this is when we have to take action, you know? >> j.r. stone, abc7 news. >> new details tonight on the release of former charles manson fowler leslie van houten. she walked out of a prison today. she served 53 years of a life sentence for her role in two murders ordered by manson, the feign mouse la bianca murders.td ed extraordinary rehabilitative efforts and remorse. her lawyers tell abc news, he greece. >> the right decision would have been to release her 30 years ago because she was not a risk to public safe which is the legal standard to be released. >> california governors have denied van houten's parole five other times before. governor newsom said he did not think

. >> the tesla 1995 was codenamed trendy, and atomic bomb crated by scientists working for the u.s.t. used controversially to end world war ii. ♪ >> >> remember this day. now, one of the world's most were noun film directors, christopher nolan, is telling the story of j robert oppenheimer, the theoretical physicist behind the bomb. >> they say there is a chance when we push that button, we destroy the world. >> chances are near zero. >> i became really interested in exploring that, taking the audience through that moment where they made that incredible decision. >> zero would be nice. >> how can you take that on yourself? you know there is a possibility when you push that button, you may destroy the entire world. yet, they pushed it. >> making the bomb was a triumph of human ingenuity and science, but heralded the potential end of civilization. here is oppenheimequoting from hindu scripture in 1965. >> now, i have become death, the destroyer of worlds. i suppose we all thought that, one way or another. >> he never apologized. he never expressed individual shame. all of his actions,

although we are seeing used car price cuts over at tesla. i was talking to the creator of true car. to what you told me about elon musk's -- what he told me about elon musk's strategy to make cars more affordable. scott: the tesla discount strategy has not been driven by companies like us at all. tesla wanted to make sure every trim level of the tesla qualified for every discount or rebate available to make it more affordable. they have done a protean job of that. matt: autonomy is scott's new company that allows people to lease short-term cars or for a few years. he has a huge fleet of teslas. i will use this to pivot to what we expect form elon musk -- expect from elon musk later. jessica: all we have been talking about in 2023 is what is happening with tesla's pricing. it is somewhat of a shrewd strategy by elon musk. he knows competition is coming and people are looking an other areas. because inventory has been limited, pricing is still really high. he knows he will maybe get french tv customers that are not decided -- fringe ev customers are not decided on what model they want

future >> challenge here is price, really one of the things that really kind of shook investors in tesla was suggestion by elon musk that maybe price cuts aren't done this year that he wasn't committing to this idea that he wasn't cutting more prices. really, that gets at the overall issue in the industry. electric cars are more pricey than gas cars and what will customers pay for? seen a little price war and looking at ford's results and you see they're losing, about $40,000 on sale of each one, something that shakes investors. shakes the companies, the sea suite and worriship if you are going to have an electric future. >> no sustainable continuing to see losses selling a vehicle dig deeper in prices not only prices of ev, also gas prices looking at aaa regular unleaded 13% lower than a year ago 20% lower than all-time high of june last year. do gas prices, staying where they are, does that continue to be prefber on the ev market despite the macro trend and looking for more sustainable vehicles and at least here in the u.s. federal regulations pushing the market that way? >> interesting ye

tesla. firefighters say it was parked over a manhole. windows and nearby buildings were blown out by the explosion that happened at 8:30 pm in the pacific heights neighborhood. the incident is isolated to just one block of pacific, there is no word on what caused the explosion. fortunately firefighters say no one was hurt, but the damage is pretty clear. pg&e has deenergized the vault. they are working on repairs. >>> we are tracking several wrecking stories. in the south bay a woman has died after being hit by a car. >> the crash happened near capital expressway and minutes ago we learned the woman involved in the crash died. they closed westbound capital. there is no word on when the road will reopen.>>> a plane crash in san rafael, the plane went down at the end of the runway at the smith ranch airport. there's no word on how many people were on board or if there are any injuries.>>> it has been a busy night in the city for first responders, police also crashed with crowds. stated - - things started out peacefully. but then people thr

in 2018 will be in court today. 19 year-old was at knows stabbed multiple times before she was dumped on tesla road on february 12. she was found taken to the hospital where she later died. investigators arrested daniel gross analysts at leonardo in connection to those killings grows pleaded guilty. while leonardo pleaded not guilty, both will appear in court at the dublin courthouse died this morning. and they are expected to change their pleas. it's and we are following a new development in an effort to save anchor brewing company. >> its employees are asking sapporo which owns anchor brewing to hold off on the liquidation until september 2nd sapporo said that they would consider a deal if the workers went through the liquidation process. earlier, we had reported that a bid was rejected by sapporo. however, there has been no official bid by the workers. we regret that error. meantime, union representatives say that they contacted sapporo and requested the relevant financial information. but yesterday the union tells cloud for that sapporo refused to hand over that financial information. the

there in court this morning, 19 year-old was at cuesta was stabbed multiple times before she was don't on tesla road on february 12, she was found and taken to the hospital where she died. investigators arrested daniel gross and melissa leonardo in connection to the killings. burroughs pleaded guilty while not a plea to not guilty. both are expected to change their pleas. it's 907. and we're following a new development in the effort to save anger brewing company. its employees are asking sapporo, which owns anchor brewing to hold off on the liquidation until september 2nd sapporo said they would consider a deal if the workers went through the liquidation process. there has been no official bid by the workers. union representatives say they contacted sapporo and requested the relevant financial information. but yesterday the union tells kron 4 that sapporo refused to hand over the financial information. the union says they were told it was too close to the debt. they ate when the business would hand over control of its assets to the liquidator at the start of august. sapporo says that the worker

tesla was lower in premarket but up 0.8%.ercedes is the latest name to join its charging standard. we would dig into that later in speaking of china, you are right, this is an idiosyncratic story, the headline is conceivably negative, a $1 billion fine for -- from chinese regulators for alibaba and others but the idea is that it signals the end of this long-standing regulatory crackdown the china has had on big tech with both those stocks markedly higher. let's get to met to come of facebook and threads. we are now up three point 9%, 4% on the wii, kind of let this friday. the headline just crossing from mark zuckerberg on threads, we are at 70 million users on threads. this is crazy. this is the top story for the show, how quickly they got there and how quickly are they gaining ground on twitter but just the momentum in 48 hours is incredible caroline: and how they monetize it as well. david lee has been writing all about it. a pretty unfamiliar setting and it quietly matters, do you think it will last? let's look at all the

they also discovered the tesla was stolen from fremont and have more flares inside.that picture, the grass fire burned about 15 acres. >> officers at the marin, humane society will soon be carrying narcan proffers rob nesbitt, talk to the officer after she used one to save a dog's life. >> at the marin, humane society, they get a variety of emergency calls. small pets locked inside a hot car to larger animals running loose. but on july first, animal services officer chelsea myers had a first a dog's owner called 9-1-1 from a mall parking lot in corte madera. the job was vomiting and then unresponsive and he it collapsed. the owners needed help getting the dog in the vehicle. the registered vet tech has seen the symptoms before eventually discovering that the dog had eaten. the owners prescription medication, a type of opioid officer myers was able to get that from emergency animal shelter on the line and was told to administer narcan. at that point, the was attempting to stand up. so you have to up his friend. is back still have which is pretty but he was already try

tesla was the only foreign brent in that deal. joining us with the latest is david welch.e know about this compromise between these automakers and china? >> it was interesting to read the highlights of this thing. among them, raining in marketing actions, one of them was preserving socialist principles or some such. these are very vague things that don't sit certain prices or control pricing. it's almost as if it was written by a bunch of american attorneys who wanted to avoid price-fixing but it's telling everyone stop dropping prices. the government does have a great interest instability here in selling more vehicles but also keep -- preserving the health of the companies and you can't do that if everybody is on a big prize binge. another part of it is consumers really hated this. people were essentially were seeing the prices drop a couple of weeks later. there is unrest with consumers and the government wants to stabilize things and everybody felt a lot of pressure to kind of cool it and find a floor for prices and and the price war. caroline: the minister of manufactu

officers confirmed that the tesla the man was in had been reported stolen in fremont. flames did quite a bit of damage. you can see the charred out fields behind me. 15 acres burn the equivalent to 11 football fields. but bello's quick actions helped save nearby homes including his. >> it's important that especially in this community we help each other out most importantly, seeing something like this is when we have to take action, you know? >> j.r. stone, abc7 news. >> new details tonight on the release of former charles manson fowler leslie van houten. she walked out of a prison today. she served 53 years of a life sentence for her role in two murders ordered by manson, the feignouse la bianca murders. the judgeaid van houten had showed extnary rehabilitative efforts and remorse. her lawyers tell abc news, he greece. >> the right decision would have been to release her 30 years ago because she was not a risk to public safe which is the legal standard to be released. >> california governors have denied van houten's parole five other times before. governor newsom said