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Apr 24, 2024
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tesla earnings after the mark. gm did a triple beat, and they are getting through their production issues now ramping evs. whichy a think creates demand challenges for tesla, because there are so many now ev industries coming to market. so i think they are having to answer the pressure to have lower cost evs. >> right. >> same time, they're trying to move the story to the economy and the longer-term -- >> for the investors, though, today, speaking about tesla. do you have to think about it? he's made the case you have to think about it as an autonomous vehicle company long term,s to capture valuations where even tesla sits in terms of the stock price today >> yeah. a little, hey, look over here, when the core business is weak recast a different story i think a little bit of that going on for sure. because their core business is weak and straightforward about that i think, yeah. the support of a valuation you've got to believe in this recast, into autonomous. >> straight up do you believe it? >> i think there are al
tesla earnings after the mark. gm did a triple beat, and they are getting through their production issues now ramping evs. whichy a think creates demand challenges for tesla, because there are so many now ev industries coming to market. so i think they are having to answer the pressure to have lower cost evs. >> right. >> same time, they're trying to move the story to the economy and the longer-term -- >> for the investors, though, today, speaking about tesla. do you have to...
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Apr 24, 2024
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from big tech began tonight with meta out "after the bell" alphabet, microsoft reporting tomorrow, tesla on the move, after profits wound and ev news, all that coming out, europeans are higher, take a look at the year's only gains across the board. in asia overnight also move it across the board secretary of state anthony blinken arriving in shanghai for three day trip, the asian embassies higher, house speaker mike johnson in new york today to meet with jewish students at columbia university campus, protest still underway even faculty of columbia have joined into the protest. president trump blaming the nationwide protest on president biden who by the way gets to ride the campaign trail all week as true battles a gag order in a manhattan courtroom, joining to the conversation politics cofounder hannah cox back with us, the boosting global opinion writer and editorial board writer and bullseye american ingenuity fund manager adam johnson, "mornings with maria" is live right now ♪ ♪. maria: it's time for the hot topic of hour protest of columbia university happening through the night
from big tech began tonight with meta out "after the bell" alphabet, microsoft reporting tomorrow, tesla on the move, after profits wound and ev news, all that coming out, europeans are higher, take a look at the year's only gains across the board. in asia overnight also move it across the board secretary of state anthony blinken arriving in shanghai for three day trip, the asian embassies higher, house speaker mike johnson in new york today to meet with jewish students at columbia...
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Apr 24, 2024
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tesla shares have been down 40%. revenue is down 9%, and a lot of focus on a conference call that elon musk gave to investors about the future of the company. he is now indicating that tesla is going to make a cheaper vehicle, something on the order of 25,000, $30,000 vehicle. a lot of investors were looking and hoping that might be the case. the stock of tesla is still at a premium to almost every other auto maker in the world, and you almost have to believe if you are investing in tesla today, it's not just a car company but may become a robotaxi company, maybe a technology company and the like. he is still planning or says he's planning to develop automated vehicles, and the question of course is when. we're all going to be waiting for that. a lot of folks have been waiting for that for a very long time. >> we'll be watching. cnbc's andrew ross sorkin, thank you very much. >> thank you. >>> and coming up, we have reaction from capitol hill on the foreign aid bills, including mitch mcconnell's comments on who's to
tesla shares have been down 40%. revenue is down 9%, and a lot of focus on a conference call that elon musk gave to investors about the future of the company. he is now indicating that tesla is going to make a cheaper vehicle, something on the order of 25,000, $30,000 vehicle. a lot of investors were looking and hoping that might be the case. the stock of tesla is still at a premium to almost every other auto maker in the world, and you almost have to believe if you are investing in tesla...
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Apr 24, 2024
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. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus this week's earnings parade meta takes the big tech baton. we're going to look at the key metrics you need to watch. boeing expected to report in just over two hours as the aerospace giant continues to face a bumpy road ahead around production issues and succession questions. it's wednesday, april 24th, 2024 and you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning welcome to "worldwide exchange." we're coming to you live from cnbc london. thanks so much for being here with us. let's get you ready for the trading addai head we check on the tech stock futures with the s&p and nasdaq. the s&p has seen its best day since february the douceting its streak to four straight days.
. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus this week's earnings parade meta takes the big tech baton. we're going to look at the key metrics you need to watch. boeing expected to report in...
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tesla reported a 9% decline in sales. tesla messing analyst estimates, and we know tesla is facing slower demand for evs as well as competition from chinese players. but the shares in tesla are trading higher after ceo elon musk said on the call the company plans production of new bottles in early 2025 even though late this ear after previously saying it would be in the second half of 2025. and they're making some models more affordable and on its current production lines without giving any specific details. >> and the cost of evs is definitely plummeting especially for tesla. cnbc's charlotte reed live from london, thank you very much. >>> and still ahead new polling finds donald trump leading joe biden in several key swing states. we'll break down those numbers and what it means for the president's re-election campaign. that's coming up next on "way too early". o early" bladder leak underwear has one job. i just want to feel protected! especially for those sudden gush moments. always discreet protects like no other. wit
tesla reported a 9% decline in sales. tesla messing analyst estimates, and we know tesla is facing slower demand for evs as well as competition from chinese players. but the shares in tesla are trading higher after ceo elon musk said on the call the company plans production of new bottles in early 2025 even though late this ear after previously saying it would be in the second half of 2025. and they're making some models more affordable and on its current production lines without giving any...
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tesla will begin illuminating those jobs in june. the news comes as tesla released its earnings report this afternoon. the company reported a 9% drop in revenue. its biggest decline, since 2012. tesla shares have also plummeted more than 1% this year. >>> new at 11:00, just when you think you have seen gas prices as high as they can go, one local station is giving drivers some extreme sticker shock. take a look. this is the chevron in menlo park, charging more than seven dollars a gallon for regular. $7.69 right there as well. that is at least a dollar more than stations nearby, and well above the state average of $5.42. so, why such a dramatic variation in pricing? aaa says gas stations set their own prices and a lot depends on when they by their gas. >> if their parent company were the individual destination, when it was really expensive and gas is really expensive they will have to sell it at that price in order to make a profit. if gas price and oil prices drop after they bought their gas, sometimes you will be fined more expensi
tesla will begin illuminating those jobs in june. the news comes as tesla released its earnings report this afternoon. the company reported a 9% drop in revenue. its biggest decline, since 2012. tesla shares have also plummeted more than 1% this year. >>> new at 11:00, just when you think you have seen gas prices as high as they can go, one local station is giving drivers some extreme sticker shock. take a look. this is the chevron in menlo park, charging more than seven dollars a...
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it�*s been a rocky road for tesla this year. higher interest rates are taking a bite out of consumers�* purchasing power and pushing big purchases out of reach. competition with china, especially rival electric vehicle maker byd, is heating up. sales have been falling and so has tesla�*s stock. it�*s down within 40% this year. the company has been cutting prices and announced lay—offs. and then on tuesday, the company reported its first quarter earnings, missing expectations on earnings and revenue, and the company is anticipating lower deliveries this year compared to 2023. but investors have one bright spot to look to. tesla announced it�*s speeding up the launch of a lower—priced vehicle. more affordable models could be a boon for cash—strapped us consumers and a hit in big competitive markets worldwide like china and india. around the world and across the uk, this is bbc news. it�*s now ten years since the publication of a major report into deaths caused by asthma in the uk, which made several recommendations
it�*s been a rocky road for tesla this year. higher interest rates are taking a bite out of consumers�* purchasing power and pushing big purchases out of reach. competition with china, especially rival electric vehicle maker byd, is heating up. sales have been falling and so has tesla�*s stock. it�*s down within 40% this year. the company has been cutting prices and announced lay—offs. and then on tuesday, the company reported its first quarter earnings, missing expectations on...
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tesla has been under pressure because of a declining sales and stronger competition from other electric vehicle makers. >> it's been more than a year now since wnba basketball star brittney griner came home from a 16 month detention in a russian prison. now, griner is opening up about the arrest and the prison stay that she says changed her life. griner's arrest on a drug charge and ultimately her release, became an international political matter. in an emotional interview with abc's robin roberts, griner shares for the first time details about the swap that led to her release and her time as a russian prison inmate. here's a preview. >> the mattress had a huge blood stain on it. i had no soap, no toilet paper that was the moment where i just felt less than a human. >> roberts also speaks with griner's wife about her role in advocating for brittney's release. the 2020 special prisoner in russia. the brittney griner interview airs may 1st at 10 p.m. right here on abc seven. it will also be available on hulu the next day. we are learning more about just what it's going to take to bring a
tesla has been under pressure because of a declining sales and stronger competition from other electric vehicle makers. >> it's been more than a year now since wnba basketball star brittney griner came home from a 16 month detention in a russian prison. now, griner is opening up about the arrest and the prison stay that she says changed her life. griner's arrest on a drug charge and ultimately her release, became an international political matter. in an emotional interview with abc's...
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the s&p coming off its best day inning two months. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus
the s&p coming off its best day inning two months. >>> a big boost coming thanks to tesla. shares firing on all cylinders ahead of the opening despite reporting its biggest drop in q1 revenue in more than a decade. we are going to dig into those results. >>> heading to the president's desk the senate signing off to sell the popular app, setting the stage for a big legal fight. plus
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tesla profits slump as the road gets rockier for the electric car industry. but a promise of new models recharges the share price.
tesla profits slump as the road gets rockier for the electric car industry. but a promise of new models recharges the share price.
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Apr 24, 2024
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by word that tesla still plans to roll out a lower priced model next year. stocks were higher across the board on wall street today. the dow was up 263 points. nasdaq added 245 points for a gain of 1.6, and the s&p was up 59. well, a first of its kind bill passed the senate transportation committee today. >> the law addresses concerns about expedited airport screening services that allow travelers to pay to cut ahead in tsa lines. the committee passed the bill in an 8 to 4 vote. it would require fast track services, including clear, to pay for their own tsa staffed lanes at airport security. if the identity screening companies do not comply, they will be banned from the state. one state senator says the services can actually create more security issues. >> there've been lots of incidents over the last couple of years where, you know, we're unauthorized. travelers have used clear as a way of breaching tsa security. >> supporters of the bill say the service creates hundreds of jobs, serves more than a million americans, and shares over $13 million in annual re
by word that tesla still plans to roll out a lower priced model next year. stocks were higher across the board on wall street today. the dow was up 263 points. nasdaq added 245 points for a gain of 1.6, and the s&p was up 59. well, a first of its kind bill passed the senate transportation committee today. >> the law addresses concerns about expedited airport screening services that allow travelers to pay to cut ahead in tsa lines. the committee passed the bill in an 8 to 4 vote. it...
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Apr 24, 2024
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tesla has been under pressure because of a declining sales and stronger competition from other electric vehicle makers. >> it's been more than a year now since wnba basketball star brittney griner came home from a 16 month detention in a russian prison. now, griner is opening up about the arrest and the prison stay that she says changed her life. griner's arrest on a drug charge and ultimately her release, became an international political matter. in an emotional interview with abc's robin roberts, griner shares for the first time details about the swap that led to her release and her time as a russian prison inmate. here's a preview. >> the mattress had a huge blood stain on it. i had no soap, no toilet paper that was the moment where i just felt less than a human. >> roberts also speaks with griner's wife about her role in advocating for brittney's release. the 2020 special prisoner in russia. the brittney griner interview airs may 1st at 10 p.m. right here on abc seven. it will also be available on hulu the next day. we are learning more about just what it's going to take to bring a
tesla has been under pressure because of a declining sales and stronger competition from other electric vehicle makers. >> it's been more than a year now since wnba basketball star brittney griner came home from a 16 month detention in a russian prison. now, griner is opening up about the arrest and the prison stay that she says changed her life. griner's arrest on a drug charge and ultimately her release, became an international political matter. in an emotional interview with abc's...
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Apr 24, 2024
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tesla executives announced more than 2700 people will lose their jobs. thousands of them work in fremont and palo alto executives revealed today their net income has dropped more than 50% in the first part of the year. the transportation analyst said these cuts will save the company. a couple billion dollars all told. and this comes as google announced it is firing people after they protested the israel-hamas war last last week. more than 20 pro-palestinian workers were fired after holding sit ins and protests in google offices in sunnyvale in new york. now, the company says additional employees have been fired after an investigation revealed the identities of some people who we're wearing masks, a group representing the workers says more than 50 employees have been fired. they were protesting the company supplying israeli government with ai technology. pro gaza and palestinian protesters are staging a sit-in on the cal berkeley campus. this is video from sproul hall today. protesters have dozens of tents along with banners and signs of support for the p
tesla executives announced more than 2700 people will lose their jobs. thousands of them work in fremont and palo alto executives revealed today their net income has dropped more than 50% in the first part of the year. the transportation analyst said these cuts will save the company. a couple billion dollars all told. and this comes as google announced it is firing people after they protested the israel-hamas war last last week. more than 20 pro-palestinian workers were fired after holding sit...
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Apr 24, 2024
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so, for tesla on an annualized basis. sales fell by almost 9%, and those of the chinese bit, although they grew by 13%, are significantly less than the increase compared to last year. and finally, the largest stock exchange in the world, new york, can switch to 24/7 stock trading. a survey for traders on their attitude to non-stop trading of shares on the stock exchange demonstrated the growing interest of investors in the possibility of trading at night from 20:00 to 4 in the morning. classic exchanges no longer keep up with modern trends, they say. experts us treasury bonds and futures for leading stock indices in budna have long been traded around the clock, and crypto exchanges do not have breaks even on weekends, and the new york stock exchange is still open only 16 hours a day, with a break until 4 a.m. new york time. by the way, the moscow exchange is also considering the possibility of conducting round-the-clock trading, since there are 11 time zones in russia and for traders in khabarovsk, for example, the main s
so, for tesla on an annualized basis. sales fell by almost 9%, and those of the chinese bit, although they grew by 13%, are significantly less than the increase compared to last year. and finally, the largest stock exchange in the world, new york, can switch to 24/7 stock trading. a survey for traders on their attitude to non-stop trading of shares on the stock exchange demonstrated the growing interest of investors in the possibility of trading at night from 20:00 to 4 in the morning. classic...
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Apr 24, 2024
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this is really important for tesla and its future growth story, in particular as around 2024, which tesla faces growth. therefore, having newer models, it helps potentially refresh a line that has become stale, also has become very small. investors are happier with this at a time like this with something that would happen at the end of next year in 2025 that could come as soon as this year or early next. this is potentially very, very positive. unfortunately, there is still a lot of details that have yet to be clarified by elon musk. he is saying, wait until august when we will have an announcement on something related to a robotaxi and whether that could involve things that could be low cost and help to drive and revive this slumping stock performance. tom: and it just comes down to implementation. the key question as to whether they can implement the sped up time. danny joining us out of beijing. competition out of china has been one of the key factors, key challenges for elon musk and tesla. what stood out to you? danny: i think just across the range of metrics we were looking at, ever
this is really important for tesla and its future growth story, in particular as around 2024, which tesla faces growth. therefore, having newer models, it helps potentially refresh a line that has become stale, also has become very small. investors are happier with this at a time like this with something that would happen at the end of next year in 2025 that could come as soon as this year or early next. this is potentially very, very positive. unfortunately, there is still a lot of details...
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. >> thousands of people will be laid off from tesla, including 2700 people here in the bay area. it is all part of the company's plan to terminate 10% of its workforce, or about 14,000 people. ktvu south bay reporter lamonica peters live now in fremont, near tesla's plant, with more about the layoffs and what it all means for the company, lamonica. >> julie, business experts that i spoke to say these layoffs are part of a transitional phase for this company. tesla is facing tougher competition and bringing in less money, and now they're making some changes, i believe, a attempt of tesla to get better. >> but i don't think that we've seen the last of it. >> on tuesday, tesla filed a warn notice announcing that it will lay off 2753 people at a dozen fremont locations and at five locations in palo alto. tesla announced last week that it will lay off 10% of its more than 140,000 employees to reduce costs in their most recent earnings announcement, they reported that their eps, their earnings per share fell below expectations, below the consensus of what analysts had expected. and als
. >> thousands of people will be laid off from tesla, including 2700 people here in the bay area. it is all part of the company's plan to terminate 10% of its workforce, or about 14,000 people. ktvu south bay reporter lamonica peters live now in fremont, near tesla's plant, with more about the layoffs and what it all means for the company, lamonica. >> julie, business experts that i spoke to say these layoffs are part of a transitional phase for this company. tesla is facing tougher...
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Apr 24, 2024
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tesla workers expected to lose their jobs. why the company is making those job cuts. >> anything that helps curtail that the drug. >> trade and drug activity on our streets you know something worth. >> the new initiative to try and increase safety in the city's tenderloin district wide. some local businesses, though, are not on board. when fun time from the bay area's local news station. you're watching kron. 4 news. good evening. thanks for joining us for kron for news at 10. i'm ken wayne and i'm vicki liviakis. our top story tonight, san francisco mayor london breed. >> wants to crack down on illegal activity surrounding late night corner stores in the tenderloin. but some people who live and work there not on board with the mayor's plan. kron 4 sarah stinson joins us in the studio after visiting the neighborhood. sarah. >> tonight, it ended event aimed at celebrating the tenderloin, but in front of all, was the open drug market. people who live in work in this neighborhood say they deal with this every single night making
tesla workers expected to lose their jobs. why the company is making those job cuts. >> anything that helps curtail that the drug. >> trade and drug activity on our streets you know something worth. >> the new initiative to try and increase safety in the city's tenderloin district wide. some local businesses, though, are not on board. when fun time from the bay area's local news station. you're watching kron. 4 news. good evening. thanks for joining us for kron for news at 10....
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Apr 24, 2024
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be longer range to choose tesla. now it has to rely on things like the poor self—driving, rely on the performance specs, the battery life, offering consumers more entertainment while they charge, those sorts of ancillary products and services as a reason to buy tesla over other eby—brown speakers the ev market any luxury space where it operates is largely saturated with new players and incumbents so tesla no longer enjoys that sort of market dominance they once had. quickly, i concerned about elon musk still being in charge of tesla as the boss's ceo? there was a lot of conversation sometime ago where he bought x and the wrangling legally over x that he was not focused on tesla enough, he was busy with other things. tesla enough, he was busy with other things-— other things. elon musk confirmed _ other things. elon musk confirmed on _ other things. elon musk confirmed on the - other things. elon musk i confirmed on the earnings other things. elon musk - confirmed on the earnings call that he spends the majority
be longer range to choose tesla. now it has to rely on things like the poor self—driving, rely on the performance specs, the battery life, offering consumers more entertainment while they charge, those sorts of ancillary products and services as a reason to buy tesla over other eby—brown speakers the ev market any luxury space where it operates is largely saturated with new players and incumbents so tesla no longer enjoys that sort of market dominance they once had. quickly, i concerned...
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Apr 24, 2024
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tesla profits slump as the road gets rockier for the electric car industry. but a promise of new models recharges the share price. also to come: could time soon be up for tiktok? the us senate passes a bill demanding its chinese owners sell up within months, orface a ban in the us. now the legal battle begins. plus: canals, gondolas, and art! venice hosts the 60th biennale — the olympic games for the global art industry. we'll be getting the lowdown from one artist who has just got back.
tesla profits slump as the road gets rockier for the electric car industry. but a promise of new models recharges the share price. also to come: could time soon be up for tiktok? the us senate passes a bill demanding its chinese owners sell up within months, orface a ban in the us. now the legal battle begins. plus: canals, gondolas, and art! venice hosts the 60th biennale — the olympic games for the global art industry. we'll be getting the lowdown from one artist who has just got back.
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Apr 24, 2024
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is the stage set for another battle between the tesla short-sellers and the tesla true believers? >> yeah. the true believers being the retail investors who believe in elon musk, believe in that story , particularly the robotaxi. therefore for someone like a tesla shareholder, it's been a beating as of late. as long as elon musk is focused on eking out those cost cuts, particularly with the job shedding last week, it is trying to pull itself forward onto products it thinks is going to help drive the stock forward. put it in a place where it can actually see the grounds that it doesn't have as much competition in. paul: danny lee in beijing. let's take a look at how we are shaping up in terms of u.s. futures. very much reflective of what we are seeing in asia right now. positive territory. s&p better by a third of 1%. the market will be looking to see if that big after-hours jump in tesla translates to a big jump at the u.s. open the next day as well. let's take a look at currency markets as well. softness going on in the moment. the dollar spot index pulling back attack. we are cl
is the stage set for another battle between the tesla short-sellers and the tesla true believers? >> yeah. the true believers being the retail investors who believe in elon musk, believe in that story , particularly the robotaxi. therefore for someone like a tesla shareholder, it's been a beating as of late. as long as elon musk is focused on eking out those cost cuts, particularly with the job shedding last week, it is trying to pull itself forward onto products it thinks is going to...
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Apr 24, 2024
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. >>> also, deep cuts at tesla. we're learning just how many people are being laid off here in the bay area. >>> plus, if you pay, it's a great perk to skip those airport security lines, but one california lawmaker is trying to get rid of services like clear. >>> and we're going to introduce you to an army of volunteers trying an old-school method to get people to vote. is it working? >>> good evening. this is "nbc bay area news tonight." i'm raj mathai. a lot happening at this hour. we want to start with some breaking news. the senate vote to possibly ban tiktok. this is a big deal that could impact millions of people. about 20 minutes ago, senators passed a bill that would force tiktok's parent company to sell if that chinese company doesn't sell, tiktok would be banned in the u.s. >> the yeas are 79. the nays are 18. the amendment is agreed to. >> overwhelmingly the bill passed by the senate, 79-18. both california senators, by the way, padilla and butler, voted in favor. so here's the deal. the potential ban is
. >>> also, deep cuts at tesla. we're learning just how many people are being laid off here in the bay area. >>> plus, if you pay, it's a great perk to skip those airport security lines, but one california lawmaker is trying to get rid of services like clear. >>> and we're going to introduce you to an army of volunteers trying an old-school method to get people to vote. is it working? >>> good evening. this is "nbc bay area news tonight." i'm raj...
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Apr 24, 2024
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so, the ceo, elon musk, announced tesla will lay off 10% of its global workforce. or 14,000 workers. state filings show 2200 jobs will be cut in fremont and 500 jobs in palo alto. the layoffs will start june 14th. >>> calling for a ceasefire in berkeley, they set up tents on the steps of the plaza. they are calling it a gaza solidarity encampment. they will remain here until the school divest from companies that have ties in the military. they want the school to stop the alleged repression of student protesters. so, we have a full team, hot lines, community members, ready to stand with us. they wrote, we will take the steps to make sure it does not disrupt the operations. there are no plans to change the university's investment policies and practices. >>> things got out of control. this is at cal poly. they clashed with protesters who barricaded themselves with furniture inside of a building. and in new york. protesters are spending a week occupying the quad at columbia university. they are demanding the ivy league school to divest from companies funding israel. ov
so, the ceo, elon musk, announced tesla will lay off 10% of its global workforce. or 14,000 workers. state filings show 2200 jobs will be cut in fremont and 500 jobs in palo alto. the layoffs will start june 14th. >>> calling for a ceasefire in berkeley, they set up tents on the steps of the plaza. they are calling it a gaza solidarity encampment. they will remain here until the school divest from companies that have ties in the military. they want the school to stop the alleged...
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Apr 24, 2024
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it's been a rocky road for tesla this year. interest rates are taking a bite out of purchasing power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is tesla's stock. it's fallen more than 40% this year, the company is cutting prices and announced lay—offs, then on tuesday it reported its first quarter earnings. missing expectations on earning and revenue. the company is anticipating lower deliveries this year compared to 2023 but investors have one bright spot to look, telsa announced it is speeding up the launch of a lower—priced vehicle and affordable models could be a boon for cash—strapped consumers, and a hit worldwide like china and india. despite those grim numbers of the earnings shares have soared in after—hours trade. asia editor for automotive news, hans greimel says investors are encourged by the introduction of more affordable models. investors were really bracing for some bad news in this earnings report, but while
it's been a rocky road for tesla this year. interest rates are taking a bite out of purchasing power and pushing big purchases out of reach, competition with china especially rival vehicle maker byob is heating up, sales are falling and so is tesla's stock. it's fallen more than 40% this year, the company is cutting prices and announced lay—offs, then on tuesday it reported its first quarter earnings. missing expectations on earning and revenue. the company is anticipating lower deliveries...
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Apr 24, 2024
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. >>> also, deep cuts at tesla. we're learning just how many people are
. >>> also, deep cuts at tesla. we're learning just how many people are
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Apr 24, 2024
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a tesla has are earning showed slipping sales, forcing the company to slash workers. thousands of those job cuts right here in the bay area. kron four's theresa reports from fremont with more. >> we're here in fremont in front of the page street facility where several 100 tsa workers are projected to lose her job with sinking sales of nearly 55%. tesla, the austin based electric carmaker says it will be making sweeping layoffs, affecting every sector of the business. there's actually been layoffs across both stop >> manufacturing as well as engineering design parts of the as well as also lot of people on the sales and side from their service honors and apparently people from their marketing team as well. >> sam abuelsamid is a transportation analyst. here is a look at some of the jobs projected to be slashed here in the bay area. starting in june with thousands at the fremont and palo alto locations. the electric car company revealed global sales went from 2.5, 1 billion last year. the 1.1, 3 billion for the same period this year. so it's not surprising that tesla did
a tesla has are earning showed slipping sales, forcing the company to slash workers. thousands of those job cuts right here in the bay area. kron four's theresa reports from fremont with more. >> we're here in fremont in front of the page street facility where several 100 tsa workers are projected to lose her job with sinking sales of nearly 55%. tesla, the austin based electric carmaker says it will be making sweeping layoffs, affecting every sector of the business. there's actually been...
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Apr 24, 2024
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tesla says it is slashing 2700 jobs across its locations in fremont and palo alto. tesla says it plans to cut 10% of its workforce, or 14,000 people, in this first round of layoffs. the company has seen a drop in deliveries and demand so far this year. tesla reported today that its earnings plummeted 55% in the first quarter, but its stock price surged in after hours trading. >> the california senate transportation committee is considering a first of its kind proposal about us airport security. the proposed law would ban companies that allow passengers to fast track and skip tsa lines. if the company doesn't pay for its own tsa staff lane. this applies to companies including clear, which charges passengers close to $200 a year to verify their identity by letting them skip tsa checkpoints. now, travelers at oakland international, one place where clear is offered shared mixed feelings about the services. >> i do a lot of traveling in the summer, and my team has to come with me. photographer, manager and if we're all late for the flight or if we all need to be moving,
tesla says it is slashing 2700 jobs across its locations in fremont and palo alto. tesla says it plans to cut 10% of its workforce, or 14,000 people, in this first round of layoffs. the company has seen a drop in deliveries and demand so far this year. tesla reported today that its earnings plummeted 55% in the first quarter, but its stock price surged in after hours trading. >> the california senate transportation committee is considering a first of its kind proposal about us airport...
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teslas sales have slumped because of more competition in the ev market. shares were down 40% for the year at market close today. but, shares jumped 11% after hours, after ceo elon musk announced a new and more affordable models would go into production sooner than expected. as for the laos, because the company says more than 2200 jobs will be cut in fremont, mainly at the giga factory. it is also cutting nearly 500 jobs at five palo alto locations, and all those layoffs will start june 14th. there are other tesla layoffs in california including 500 and san joaquin county, and nearly 2700 cuts at the headquarters in austin texas. >>> first alert weather, now, you probably noticed it was cloudier, cooler? significantly cooler i might add. let's check in with steve meteorologist paul hagan, who warned us. thank you. paul? >> the cooldown definitely arrived as it dissipated today, the clouds have been especially stubborn over the bay, and north of the golden gate. the northbay really has seamlessly clouded conditions throughout the day which had a big impact
teslas sales have slumped because of more competition in the ev market. shares were down 40% for the year at market close today. but, shares jumped 11% after hours, after ceo elon musk announced a new and more affordable models would go into production sooner than expected. as for the laos, because the company says more than 2200 jobs will be cut in fremont, mainly at the giga factory. it is also cutting nearly 500 jobs at five palo alto locations, and all those layoffs will start june 14th....
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tesla's profits tumble after the ev giant introduces deep cost—cutting measures as it faces stiff competition. hello and welcome to asia business report. i'm mariko 0i. the united states that is voting on a bill to potentially ban tiktok, that show you live pictures at the legislation if approved would and the popular
tesla's profits tumble after the ev giant introduces deep cost—cutting measures as it faces stiff competition. hello and welcome to asia business report. i'm mariko 0i. the united states that is voting on a bill to potentially ban tiktok, that show you live pictures at the legislation if approved would and the popular
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Apr 24, 2024
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. >>> troubling times for tesla, the company lays out a roadmap to deal with plummeting profits, and bay area layoffs. >>> and air force veteran gets
. >>> troubling times for tesla, the company lays out a roadmap to deal with plummeting profits, and bay area layoffs. >>> and air force veteran gets
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Apr 24, 2024
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. >> thousands of bay area tesla employees sadly will soon be out of a job. be car company announcing massive layoffs affecting employees at dozens of bay area locations. and san francisco mayor london breed announcing a new proposal that she hopes will curb. >> the open air drug market in the tenderloin, but some businesses say it could end up hurting their bottom line. i'm ken wayne and i'm vicki
. >> thousands of bay area tesla employees sadly will soon be out of a job. be car company announcing massive layoffs affecting employees at dozens of bay area locations. and san francisco mayor london breed announcing a new proposal that she hopes will curb. >> the open air drug market in the tenderloin, but some businesses say it could end up hurting their bottom line. i'm ken wayne and i'm vicki
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Apr 24, 2024
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. >> tesla had a horrible quarter but it will be interesting watching tesla supplies. a busy day. annabelle: texas instruments could impact chipmakers. but at the start of the day, the nikkei coming online. you mentioned eco-data more than what economists had been expecting. tesla had a week quarter but still a good outlook, rising after hours more than 12%, going all in on autonomous vehicles. the bar was high for mega caps stocks. that is the state of play for japan, japanese yen holding close to the 155 mark. the yen is a question of how much it is helping versus hindering. consumer stocks are weaker, a catch-22 for the boj, yen week. boj needs to curb that. holding steady will give traders incentive to push past 155. let's change to korea, the kospi online up more than 1.5%. small caps are in the green, texas instruments is a another name with a solid forecast. come back in demand so chipmakers, the korean won is weaker against the dollar. paul: in australia, staggered open. pre-much flat in the aussie dollar was showing strength relatively speaking, knocking on the door of $.
. >> tesla had a horrible quarter but it will be interesting watching tesla supplies. a busy day. annabelle: texas instruments could impact chipmakers. but at the start of the day, the nikkei coming online. you mentioned eco-data more than what economists had been expecting. tesla had a week quarter but still a good outlook, rising after hours more than 12%, going all in on autonomous vehicles. the bar was high for mega caps stocks. that is the state of play for japan, japanese yen...
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tesla shares have also plummeted more than 30%. tesla has a plan to get people to buy it's cars. it's cut the prices on three of its models and also -- the company also announced today an initiative to produce more affordable cars by 2025. tesla stock is up 13% in after- hours trading. overall, stocks finish tire for the second day in a row. dow jones climb 263 points, the nasdaq gained 245. the s&p end of the day up 59 points. mother big wins, spotify surged 11%. >>> we are hearing from princess kate again , but this time in form of a happy birthday shut out, prince louis. >> the couple posted this picture on x. the captain said happy six birthday, prince louis, and they gave the credit to kate middleton. the first personal photo the account has uploaded since march. that is when kate shared she is undergoing treatment since -- >> happy birthday. he looks just like prince george. the forget, you can watch our newscast 24 seven on roku. >>> here's what we are working on. getting through those -- may take you longer if a new
tesla shares have also plummeted more than 30%. tesla has a plan to get people to buy it's cars. it's cut the prices on three of its models and also -- the company also announced today an initiative to produce more affordable cars by 2025. tesla stock is up 13% in after- hours trading. overall, stocks finish tire for the second day in a row. dow jones climb 263 points, the nasdaq gained 245. the s&p end of the day up 59 points. mother big wins, spotify surged 11%. >>> we are...
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. >>> tesla layoffs are said to the bay area hard. state filing showed that 27 bay area jobs are on the chopping block including more than 2200 workers in fremont. nearly 500 in palo alto, plus an additional 500 in the san joaquin county . layoffs will begin june 14th. the company is also cutting nearly 2700 jobs at its head quarters in austin, texas. last week, ceo elon musk announced haslett would cut 10% of its global workforce, that is about 14,000 total jobs. in the meantime, a group of former tesla employees are suing the company, saying it failed to give them enough of advance notice about this layoffs. that is occurring to a complaint obtained by bloomberg. they claim tesla violated blog law might not giving a warning at least 60 days ahead of the layoffs but this comes as tesla's first quarter earnings report showed a 55% drop in net income . revenue was also down 9% last year, experts say that is mainly because of the growing competition in the electric vehicle market and lower demand for ev's in general. today, tesla's stoc
. >>> tesla layoffs are said to the bay area hard. state filing showed that 27 bay area jobs are on the chopping block including more than 2200 workers in fremont. nearly 500 in palo alto, plus an additional 500 in the san joaquin county . layoffs will begin june 14th. the company is also cutting nearly 2700 jobs at its head quarters in austin, texas. last week, ceo elon musk announced haslett would cut 10% of its global workforce, that is about 14,000 total jobs. in the meantime, a...
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Apr 24, 2024
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you're watching kron. 4 news at >> now at 5, another blow to the bay area workforce, tesla announcing more than 2700 people are being laid off. thank you for joining us here on kron for news at 5. i'm noelle bellow and i'm grant lotus. that's right. the workers being laid off are based out of 17 locations across palo alto in fremont kron four's terisa stasio reports now from fremont where hundreds of people are going to be let go. >> with sinking sales of nearly 55%. tesla, the austin based electric carmaker says it will be making sweeping layoffs, affecting every sector of the business. there's there's actually been layoffs across both stop. >> manufacturing as well as engineering design parts of the as well as also lot of people on the sales and side from their service honors stores and apparently people from their marketing team as well. >> sam abuelsamid is a transportation analyst. here is a look at some of the jobs projected to be slashed here in the bay area. starting in june with thousands at the fremont and palo alto locations. the electric car company revealed global sales w
you're watching kron. 4 news at >> now at 5, another blow to the bay area workforce, tesla announcing more than 2700 people are being laid off. thank you for joining us here on kron for news at 5. i'm noelle bellow and i'm grant lotus. that's right. the workers being laid off are based out of 17 locations across palo alto in fremont kron four's terisa stasio reports now from fremont where hundreds of people are going to be let go. >> with sinking sales of nearly 55%. tesla, the...
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Apr 24, 2024
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, as well as job cuts still ahead tonight. >> what tesla is accused of failing to do while laying off more than 10,000 employees, plus the violence in gaza, igniting more protests on us college campuses. >> how universities in the bay area and beyond are responding to their demands, and should fliers be allowed to pay to cut the line at security after the break? >> why some california lawmakers want a ban clear from the airport. >> our warm weather stretch is now history. a big drop off in temperatures for today. here's our live camera looking out towards san francisco. solid cloud over and the cooldown make their way through security checkpoints. >> the law would require companies such as clear to either set up and pay for their own dedicated tsa staff, security lanes, or be banned from california airport. >> ktvu tom vacar live tonight at oakland international, one of nine california airports where that clear service is available. tom >> well, you know, as the travel season now begins to pick up, that's going to create a lot of tensions, a lot of tempers, and probably a lot of probl
, as well as job cuts still ahead tonight. >> what tesla is accused of failing to do while laying off more than 10,000 employees, plus the violence in gaza, igniting more protests on us college campuses. >> how universities in the bay area and beyond are responding to their demands, and should fliers be allowed to pay to cut the line at security after the break? >> why some california lawmakers want a ban clear from the airport. >> our warm weather stretch is now...
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Apr 24, 2024
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let's start with tesla — because the electric carmaker has posted a sharp fall in its profits and revenue for the first three months of the year. profits are down 55%, and revenue is also lower by 9%. it's been tough several months for elon musk�*s firm —
let's start with tesla — because the electric carmaker has posted a sharp fall in its profits and revenue for the first three months of the year. profits are down 55%, and revenue is also lower by 9%. it's been tough several months for elon musk�*s firm —
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Apr 23, 2024
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paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on weakening the yen. were at 144 .77 and keeping our eyes on tesla suppliers. stocks surging following the call. annabelle: that's right. the company has slumped, but u.s. futures looking toward future gains but the story is focused on earnings. what else we were tracking was optimism and a bullish forecast. some of those are coming from goldman sachs. company that closed at a record high, first record highs since 2021, first quarter earnings came through including a process -- profit beat. apple posting gains which was surprising. china
paul: tesla fast tracking cheaper models. annabelle: apples china sales plunged 19%, putting it third in a key market. paul: what's take a look at trades, risk on day. gold prices eased. gold etf could suffer, new zealand in positive territory. interesting day. numbers out of australia are critically, those numbers are using down from 4.1, big improvement outside the target band. bank of indonesia decision, consensus is a hold. we gave futures saw positive territory. bank of japan will focus on...
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Apr 23, 2024
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we have learned tesla is laying off more than 3300 employees in california. many of them are in the bay area more than 2700 of the employees work in fremont of palo alto. that's according to the california employment development department with the remaining employees working in burbank and laugh. rop last week it was reported that tesla plan to lay off 10% of its total workforce after subpar 1st quarter sales, the layoffs will begin in the middle of june. we have reached out to tesla for comment and are waiting to get a response back. we'll take a live look outside. can see what it looks like here across the embarcadero. lots of clouds out there today. kolr grogan here now with what we can expect as we head into the evening hours. yeah. a little more of the same afraid. cool temperatures and cloudy skies out there. you can see the evening commute just getting started here in our afternoon. >> as people are heading home and the good news is these roads are dry. we don't really have any wet roads to speak up. but there is expected to be a little drizzle as we
we have learned tesla is laying off more than 3300 employees in california. many of them are in the bay area more than 2700 of the employees work in fremont of palo alto. that's according to the california employment development department with the remaining employees working in burbank and laugh. rop last week it was reported that tesla plan to lay off 10% of its total workforce after subpar 1st quarter sales, the layoffs will begin in the middle of june. we have reached out to tesla for...
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Apr 23, 2024
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although, there was no brown sheep from nvidia because there's a slide in the tesla which is a massive increase in the number of chips use presumably for carts. i've been worried about services being too hot, okay? something that is obviously a problem. most of the weakness i've seen came down to manufacturing. the report says, quote, the reduction in workforce numbers was centered on services where employment decreased to the largest extent since mid-2020. this is it. get this. the report goes on to say, quote, excluding the opening wave of the covid-19 pandemic, the decline in services staffing levels in april was the most pronounced since the end of 2009. holy cow. that is the great recession. >> the house of pain. >> the house of pleasure. >> listen, the more challenging business environment prompted companies to cut payroll numbers at a rate not seen since the global financial crisis. while. really bad news for the economy. remember, we need bad news for the economy because that's what cools off inflation. that's what brings us rate cuts. let's think this through. we have a host o
although, there was no brown sheep from nvidia because there's a slide in the tesla which is a massive increase in the number of chips use presumably for carts. i've been worried about services being too hot, okay? something that is obviously a problem. most of the weakness i've seen came down to manufacturing. the report says, quote, the reduction in workforce numbers was centered on services where employment decreased to the largest extent since mid-2020. this is it. get this. the report goes...
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Apr 23, 2024
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let's jump back in on tesla. the stock is higher than we were before, by more than 9% as this conference call continues. gene munster is with us again to dig into the details gene, tell us what you've been hearing. >> elon started the call by saying the timing, to giving more context on the timing of this next generation vehicle, still unclear if it is -- has a steering wheel or a robo-taxi, but he said expect it early in 2025, or potentially late this year i think late this year, the probability of that is slim to none, but that did cause shares to move from being up about 8% to up about 9.5%, so, the market liked that quick context, again, there was talk a few weeks ago that this whole initiative was going to be paused, and now they're talking about this being accelerated, and so, i think that has been the pivotal point on the call so far. >> all right, giving us a timeline, though maybe unbelievable you got the believers out there. thank you, gene. >> thank you. >>> moving onto pulte group. the home builder be
let's jump back in on tesla. the stock is higher than we were before, by more than 9% as this conference call continues. gene munster is with us again to dig into the details gene, tell us what you've been hearing. >> elon started the call by saying the timing, to giving more context on the timing of this next generation vehicle, still unclear if it is -- has a steering wheel or a robo-taxi, but he said expect it early in 2025, or potentially late this year i think late this year, the...
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plus, tesla just announced massive layoffs. how many people in the bay area will be losing their jobs? and the group leading the effort to recall alameda county district attorney pamela price issuing a demand the board of supervisors. station. >> he's calling for news 2. >> thank you for joining us here on kron. 4 news at to i'm just involvement and happening right now. there are protests at u.s. educational institutions. it's all happening today and students at uc berkeley are demanding a cease-fire in gaza and for the university to and connections with companies that are linked to israel. kron 4 s charles clifford joins us now live from uc berkeley with the latest here. thanks for joining us. >> well, good protest or nothing unusual here in the cal campus. but today a group people upset with the conflict in israel and gaza has created a sit in in the main plaza. >> for cal berkeley's sproul hall tuesday morning, protesters had set up dozens of tents along with banners and signs of support for the people of gaza and palestine.
plus, tesla just announced massive layoffs. how many people in the bay area will be losing their jobs? and the group leading the effort to recall alameda county district attorney pamela price issuing a demand the board of supervisors. station. >> he's calling for news 2. >> thank you for joining us here on kron. 4 news at to i'm just involvement and happening right now. there are protests at u.s. educational institutions. it's all happening today and students at uc berkeley are...
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Apr 23, 2024
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sure they're doing very well there any contrast that we what's happening at tesla, demand for ev's is waning. there is no secret about that. everyone's been talking about that. we can see plain as day. so look, i don't have a solution for them. i mean maybe robo taxis is a way to go. but that just seems incredibly disruptive for someone to place a big bet on that. >> charles: and admit this particular time into your point, listen, when ev makers finally said to president biden we can't do it, we have to slow down, their stock prices have gone up, their performance has gonna because americans like trucks down there like pickup trucks! >> you have one, right? >> charles: yes. mark, with seeing you. appreciated. all of this has you worried folks about getting the stock market you cannot miss my special tomorrow on foxbusiness. is called making money, is the unworkable investor townhall quiz show addition. everyone is in the market, it's time for you to get in and if you get him to do it right. i want to show you tomorrow how you key in -- you can become an breakable investor. theunissen
sure they're doing very well there any contrast that we what's happening at tesla, demand for ev's is waning. there is no secret about that. everyone's been talking about that. we can see plain as day. so look, i don't have a solution for them. i mean maybe robo taxis is a way to go. but that just seems incredibly disruptive for someone to place a big bet on that. >> charles: and admit this particular time into your point, listen, when ev makers finally said to president biden we can't do...
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Apr 23, 2024
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tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue the anti-semitism on college campuses, school presidents and their woke culture are reaping what they have sown. former trump advisor stephen miller will weigh in on the whole story. somebody has to tell me how you can retroactively steal an election in 2016 by making undisclosed payments in 2017? ask alvin bragg, i guess owe will know. my pal kevin hassett on new currency wars with japan and china. the planet is getting cleaner and biden greenies are having a bad earth day. senator john hoeven on that. first jacqui heinrich with the latest on rising anti-semitism across the u.s. jacqui, what have you got? >> reporter: since saturday columbia university decided to offer virtual classes for the rest of the semester to insure the safety of students. new england patriots
tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue the anti-semitism on college campuses, school presidents and their woke culture are reaping what they have sown. former trump advisor stephen miller will weigh in on the whole story. somebody has to tell me...
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up next, teslas moment of truth. first quarter earnings are out in ot, requisite capital has been talking and owns that stock, which is why we get her take, next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab. my name is teresa barber. i was in the united states navy and i served overseas in the middle east and africa. early on in my career i had a commander that taught our suicide prevention training on a friday after
up next, teslas moment of truth. first quarter earnings are out in ot, requisite capital has been talking and owns that stock, which is why we get her take, next. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire trading at schwab is now powered by ameritrade, giving traders even more ways to sharpen their skills with...
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tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue th
tomorrow we're going to be all over tesla earnings. remember they have, they're going to be reporting after the bell. [closing bell rings] stay tuned because "kudlow" starts right now. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. well a growing avenue th
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Apr 23, 2024
04/24
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KTVU
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a former employee claims tesla violated state law by failing to provide the required advanced 60 day notice. the suit, filed in state court in san jose, accuses tesla of acting intentionally and with deliberate interference, indifference and conscious disregard to the rights of its employees. tesla and ceo elon musk have yet to comment. >> a ruling is expected by late june from the us supreme court in a landmark case on homelessness. more than a quarter of the nation's unhoused residents are here in california. san francisco leaders will be watching this ruling closely, as ktvu christian captain reports, it's expected to impact the city's own legal battle over how to address homeless encampments. >> the supreme court of the united states heard oral arguments over how cities manage the issue of homelessness, while the case in question came from grants pass, oregon. the case is drawing attention here in the bay area. homeless advocates marched and rallied in front of san francisco's federal court building and through the streets of the city, advocates saying the case will get to the he
a former employee claims tesla violated state law by failing to provide the required advanced 60 day notice. the suit, filed in state court in san jose, accuses tesla of acting intentionally and with deliberate interference, indifference and conscious disregard to the rights of its employees. tesla and ceo elon musk have yet to comment. >> a ruling is expected by late june from the us supreme court in a landmark case on homelessness. more than a quarter of the nation's unhoused residents...