Like Companies Like facebook and apple. Regulation, legal and legislative hurdles continue for technology, especially for overseas apps like tictoc, we will hear from Marsha Blackburn on how much more needs to be done. We begin this hour with tesla, its stock has been on a runaway rally for the latter part of the year, last year we saw shares reaching 420. Analysts recently raised his price target by 100 to 370. We are going to discuss whether tesla turnaround is working. You look backif at the last six months, it has been massively impressive, what musk has been able to do in terms of turning this around, have a base case of 370, at bulky its to 600. If they are able to execute over the next quarter to this china thesis, and theres an upward to trajectory, you could see it go higher. This gets us to a base case, i think both cases have 600, and a lot that rests on china. I have spoken to a few theral bearish analysts in last few weeks, they are concerned about demand in china. Do we h
It will slowly lift throughout the day and others will get some sun and clouds but 40s and 50s, very mild air mass in place. Cloudy drizzle throughout the day. Rain returns late saturday into sunday. Low 60s including san jose is 61. We are starting in the east bay steve but we are going to try to touch all the commutes. The each bay commute has a little bit of a delay here. You will also see some slow traffic on the east shore freeway. 33 minutes better than yesterday at this time getting out to the bay bridge is backed up for a little bit. Coming up we will touch on the san jose and the south bay commute. Now it is 7 02 pellets go back to the desk been we are working on a couple of developings story. One is in east san jose. Thats where a rescue operation is wrapping up after car ran off the road and into a creek this is the scene on clayton road. It took rescue teams about two hours to bring the driver back up the slope. Based on how far he went out mail slide, for him to be awake a
Sources say the ftc is widening its investigation of amazon to include its massive cloud business. And u. S. Senator Marsha Blackburn on the social media app tictoc. Tiktok. We will hear from her after they say they have made changes. But we begin with major changes happening in alphabet. Larry page and sergey brin announced they are stepping down from the tech giant. The google ceo will now be the ceo of both google and alphabet. They will remain active as cofounders and remain on the board. Tuesday. O guests on it was a pretty big surprise. Questions about how much longer sundar might want to be ceo of google. Those questions have been a little bit. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had to deal with all these things and he will be back dealing with all of the other things happening under the alphabet umbrella which includes self driving cars and other thi
Following googles larry page and sergei brin announcing they are leaving. The tech sector saying a lot of goodbyes. Clouds gather. Sources say the ftc is widening its investigation of amazon to include its massive cloud business. And u. S. Senator Marsha Blackburn on the social media app tiktok. We will hear from her after they say they have made changes. But we begin with major changes happening in alphabet. Larry page and sergey brin announced they are stepping down from the tech giant. The google ceo will now be the ceo of both google and alphabet. Page and brin will remain active as cofounders and remain on the board. I spoke to guests on tuesday. It was a pretty big surprise. There had been questions about how much longer sundar might want to be ceo of google. Those questions have been a bubbling up a little bit. Google is under a massive amount of scrutiny. He has a lot of things to juggle. There have been internal protests. This really was a surprise where basically he has had t
This is kpix 5 news. Coming up the weekend morning news. Pg e pays up billions of dollars to settle claims from devastating wildfires linked to the utilities equipment. Flu season off to an unusually early start and called more than one dozen deaths. And andy parker recovering after he got run over by an angry customer. It is just about 6 00 a. M. Good morning. I and devin fehely. Lets get started with our weather. You can see most of the bay area is clear of showers with the exception of the north bay on the south bay. Zooming into the north bay where we see the precipitation making its way on shore. Get showers here in the next 15 minutes or so while the Santa Cruz Mountains getting quite a bit of rain potentially making its way to san jose but it will rain its way out. That will change going into the afternoo g n ut here with our live camera. The wind advisory has expired. It will be breezy for the remainder of the morning. Current temperatures mild and mid to upper 50s getting clos