BY THE WAY, AS SOON AS BRETT
KAVANAUGH IS READY TO GIVE HIS
OPENING STATEMENT, WE WILL TAKE
YOU BACK TO THE HEARING.
>>> MEANTIME, LOOK AT SHARES OF
TESLA RIGHT NOW.
WHEN YOU LOOK AT THE ACTUAL
PRICE OF THE STOCK, IT IS NOW
>> THEY MIGHT GO PUBLIC -- OR
SAID I'M CONSIDERING TAKING IT
PRIVATE AND I DO HAVE FUNDING
SECURED AND THAT IS NOT
HAPPENING.
ALL RIGHT.
TWO THINGS, TWO MAJOR INCIDENTS
ON THE STREET THAT ARE SWIRLING
AROUND TESLA.
FIRST, A NEW REPORT SAYING TESLA
DID NOT MANAGE TO MEET ITS 6,000
A WEEK MODEL PRODUCTION TARGET
LAST MONTH AMID MUSK'S GOING
THEN GOLDMAN SACHS FANNING THE
FLAMES TODAY, LITTLE BIT OF
THEIR VALUE IN THE NEXT SIX
MONTHS DUE TO INCREASE IN
COMPETITION IN THE ELECTRIC
OVER TESLA'S DRAMA SINCE ELON'S
INFAMOUS TWITTER STORM AND JOINS
US NOW WITH WHAT LOOKS TO BE
GLASS HALF FULL OR HALF EMPTY
SCENARIO.
HALF EMPTY, GOLDMAN SAYS IT'S A
SELL BUT HALF FULL, MAYBE IT'S
WHAT HURT A LOT ABOUT GOLDMAN,
GOLDMAN WAS ONE OF ITS ADVISERS.
WE WILL SEE WHAT MORGAN STANLEY
BRING BACK COVERAGE AT.
AS SOON AS THEY COME BACK, THEY
BASICALLY SAY HEY, WE WILL CUT
IS GOING TO BE A ROCKY SIX
MONTHS FOR THE COMPANY.
YOU KNOW, LIZ, I TELL YOU, I
TAKE NO JOY OUT OF, YOU KNOW,
ATTACKING THIS COMPANY, BECAUSE
WANTS TO DO THE RIGHT THING.
BUT I WILL TELL YOU, THE NUMBERS
INCREASINGLY DON'T ADD UP.
PRODUCTION NUMBERS, HE'S GOT A
HUGE BILL COME DUE BY THE END OF
THE YEAR IF HE DOESN'T -- IF THE
STOCK IS BELOW $350 A SHARE.
HE HAS TO PAY $1 BILLION TO
CONVERTIBLE BOND HOLDERS IN
CASH.
I DON'T THINK HE HAS THAT ON HIS
BALANCE SHEET.
WE SHOULD POINT OUT ONE OF THE
THINGS WE WERE TALKING ABOUT
WHEN WE WERE COVERING THE
BANKERS DEALING WITH HIM AND
THINKING ABOUT GOING PUBLIC AND
HOW THEY WERE PITCHING IT IS
THAT THEY WERE ALL TALKING ABOUT
SOURCES OF INCOME.
ONE AREA PEOPLE THINK ONE PLACE
TO GET IT FROM WOULD BE IF APPLE
BOUGHT THEM OR A PIECE OF THEM.
PEOPLE SPOKE ABOUT THAT.
I KNOW YOU SPOKE TO WARREN
BUFFETT ABOUT THAT.
LIZ: I DID.
IN FACT, THAT GOT MASSIVE PICKUP
FROM THE WEST COAST TO THE EAST
COAST TO INTERNATIONALLY LAST
ONE-ON-ONE WITH WARREN BUFFETT
WHO OF COURSE IS A HUGE APPLE
SHAREHOLDER.
PORTFOLIO OF STOCKS AND LET US
LISTEN IN TO WHAT WARREN BUFFETT
TOLD FOX BUSINESS ON THURSDAY
ABOUT AN ANALYST'S SUGGESTION.
LET'S LISTEN.
WOULD YOU SUGGEST THAT APPLE GET
INTO, OR WOULD YOU SUPPORT IT?
>> I SUPPORT TIM COOK.
I THINK IT WOULD BE A VERY POOR
IDEA TO GET INTO THE AUTO
BUSINESS.
IT'S NOT AN EASY BUSINESS.
LIZ: HE SAYS ONE MINUTE YOU'RE
UP, ONE MINUTE YOU'RE DOWN, SORT
I WONDER IF WARREN BUFFETT WILL
GIVE HIM THE MONEY.
LET ME POINT THIS OUT.
WARREN BUFFETT HAS BAILED OUT
GOLDMAN SACHS, I THINK G.E.,
LIKE THAT?
HE MADE OUT LIKE A BANDIT.
>> DO THEY GO TO WARREN AND SAY
>> I HAVE HEARD IT.
I HAVE HEARD IT RUMORED AND
SPECULATED.
I'M NOT SAYING IT'S GOING TO
HAPPEN.
YOU DON'T THINK SO.
WHY DON'T YOU THINK SO?
I THINK WARREN BUFFETT, WHEN HE
SEES A COMPANY LIKE HE DID WITH
HARLEY DAVIDSON OR GOLDMAN
COMPANIES HAVE A TRIED AND TRUE
AND RELIABLE, RELIABLE HISTORY
G.E. WAS G.E.
LIZ: I DON'T KNOW IF HE LOOKS AT
TESLA AS RELIABLE.
>> MAYBE HE DOESN'T LOOK AT THE
MANAGEMENT AS RELIABLE.
ONE OF THE THINGS THAT CAME OUT
ABOUT THIS WHOLE DANCE, KNOW
WHAT'S FASCINATING, FIVE HOURS
BEFORE THEY ANNOUNCED THEY
WEREN'T GOING PRIVATE, I WAS ON
YOUR SHOW.
WE WERE TALKING ABOUT HOW THEY
LITERALLY FIVE HOURS, HE CAME
CALLED IT PRETTY STRAIGHT DOWN
THE MIDDLE OF THE ROAD.
COMPANY DIDN'T HAVE AN
INVESTMENT BANKER THAT THEY WERE
IN THE FIRST INNING.
I REMEMBER THE WHOLE SEGMENT.
THAT WAS FIVE HOURS BEFORE THEY
MADE IT OFFICIAL.
SO I WILL SAY THIS.
WE GOT A PRETTY GOOD NOSE FOR
THIS NEWS COVERING IT STRAIGHT,
FAIR AND BALANCED, BUT I WILL
TELL YOU THIS.
THE NUMBERS ARE NOT ADDING UP
WITH THIS COMPANY.
LISTEN, I CAN'T STAND THE SHORTS
ON THIS.
LISTEN, I'M NOT TALKING ABOUT
JIM, HE'S A GENTLEMAN.
EINHORN, ANOTHER GUY I KNOW,
GOOD GUY.
DAN LOEB, GOOD GUY.
YOU CAN SEE THE CROWD OF CRAZIES
THAT ARE SHORT THE STOCK ON
TWITTER.
I'M NOT SAYING THIS BECAUSE I
WANT TO SAY THIS, BECAUSE I
CAN'T STAND THOSE IDIOTS, BUT
YOU KNOW, BECAUSE THEY WANT TO
DESTROY THE COMPANY.
THEY THINK ELON MUSK IS THE
WORST THING, THE DEVIL INCARNATE
BUT THE NUMBERS ARE JUST NOT
ADDING UP.
YOU DON'T HAVE TO TAKE A SIDE TO
COME OUT.
HE NEEDS CASH AND HE SAYS HE
DOESN'T WANT TO RAISE CASH.
EVERY BANKER I TALKED TO IN THE
LEADUP SAID THIS PRIVATIZATION
MIGHT EVEN TURN OUT TO BE A
RECAPITALIZATION.
THIS IS A TROUBLED COMPANY.
THEY WILL HAVE TROUBLE IN THE
NEXT THREE OR FOUR MONTHS.
LIZ: LET'S PUT IT THIS WAY.
WHEN YOU TALK ABOUT WISHING
ANYBODY WELL, WE WANT TO BE A
LEADER IN THE NEXT GENERATION OF
AUTO TECHNOLOGY.
WE DON'T WANT TO CEDE THIS TO
CHINA OR SOUTH KOREA OR ANY
OTHER COUNTRY.
>> MIGHT NOT BE THE RIGHT GUY.
LIZ: IT IS THE BEST INTERESTS OF
THIS COUNTRY TO SEE SOMETHING
THERE IS GOING TO BE
COMPETITION.
THERE IS GOING TO BE OTHERS
CAR MAKER, AND THE REAL QUESTION
IS, DID HE MISS AN OPPORTUNITY
INTO THAT COMPANY THAT KNOW HOW
TO PRODUCE STUFF?
LIZ: THE FAMED WRITER SAID ALAN