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FALLBROOK (KGTV) - A mobile home fire spread to brush in the Fallbrook area, North County Fire reported Tuesday.The flames broke out about 2:40 p.m. at Highway 395 and Rainbow Valley Road. The mobile home fire sparked three small brush fires nearby.The fires were extinguished within half an hour.There are no reports of injuries or road closures.An employee of a nearby business was unaware of the fire.10News is monitoring breaking developments. 455

Elon Musk's latest big idea is daring even by his standards: He wants to turn Tesla into a private company.He stunned investors on Tuesday with a tweet saying he had already lined up the funding, and he told employees that it would relieve the electric car company of the "enormous pressure" of Wall Street's expectations.In a letter to Tesla workers that was posted on the company's blog, Musk called his idea the "best path forward.""As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders," he wrote.He also said trading its stock publicly "means that there are large numbers of people who have the incentive to attack the company." Musk has complained repeatedly about short-sellers, who profit when Tesla stock drops.Musk, the CEO and largest shareholder, said on Twitter that the private funding valued Tesla at 0 per share. Tesla is already the most valuable automaker in the United States.The early afternoon tweet sent Tesla stock spiking by almost 9%. Trading in Tesla was halted for more than an hour before Tesla posted Musk's letter to employees on its blog. It finished up 11%, at 9.The stock had climbed slightly earlier in the day after the Financial Times reported that Saudi Arabia has quietly built a big stake in the company.At first, Tesla had declined comment on Musk's tweet, even as he casually engaged Twitter followers with more posts about his plans.Musk said that he hoped all current investors would stay with Tesla even if it went private. He said he would create a special fund to allow that. Fidelity, the investment firm, has such a fund for its stake in SpaceX, a separate private company also run by Musk.He pledged to hold on to his stake in the company, about 20%, no matter what. He said he was "super appreciative" of Tesla shareholders, and vowed to "ensure their prosperity in any scenario."Tesla has burned through cash while struggling to produce the Model 3, its lowest-priced electric car. That has driven the stock lower and raised concerns about whether Tesla will need to sell more shares to pay for expansion. Musk has insisted Tesla has no such need.Musk has also clashed repeatedly with critics, especially investors who have taken short positions on the stock, meaning they benefit when the price falls. He clashed with analysts on a contentious call after Tesla reported earnings three months ago.Gene Munster, managing partner at Loup Ventures and a top tech analyst, said the odds that Musk will take Tesla private were about one in three. But he said the idea made a certain amount of sense."Musk does not want to run a public company," Munster wrote on his website. "His mission for Tesla (to accelerate the globe's adoption of sustainable energy) is both grand and long-term, making it difficult to accommodate investors quarterly expectations."It would cost about billion to take Tesla private at 0 per share. Before Musk's tweet, Tesla had a market value of billion, already higher than that of General Motors or Ford, even though those companies are significantly larger and more profitable.In fact, Tesla has turned a narrow profit in only two quarters since it became a public company in 2010. Musk has vowed that the company will start turning a regular profit in the second half of this year.In a 2013 report, the SEC said companies can use social media outlets to announce important information, so long as they comply with regulations and "investors have been alerted about which social media will be used to disseminate such information."The SEC issued that report after Reed Hastings, the CEO of Netflix, used a Facebook post to congratulate Netflix's chief content officer on record-breaking viewership. Netflix stock moved higher as a result.Tesla said in a regulatory filing in 2013 that investors interested in keeping up with Tesla should follow Musk's account.The SEC declined comment on Musk's tweet.Musk has a history of outrageous behavior on Twitter.On April 1, amid rising market concerns about a cash crunch at Tesla, he tweeted an email announcing that Tesla would have to file for bankruptcy. The tweet was apparently an April Fool's joke.Musk also faced intense public criticism after he suggested in a tweet that one of the rescuers of the Thai soccer team trapped in a cave was a pedophile.He later deleted that tweet and apologized for that exchange, but at least one analyst suggested Musk needed to get off Twitter to restore investor confidence in the company.After Musk, the next largest shareholders in Tesla are the mutual fund giants T. Rowe Price and Fidelity, with stakes of more than 9% and 8%, respectively, according to Thomas Reuters Eikon.Scottish money manager Baillie Gifford, which recently urged Musk to focus less on tweeting and more on running the business, is the fourth-largest shareholder, with a nearly 8% stake. Chinese tech giant Tencent owns almost 5%.James Anderson, a Baillie Gifford fund manager who recently called out Musk's tweeting in an interview with Bloomberg, had no comment about Musk's tweets on Tuesday. Fidelity and T. Rowe Price also declined comment.— CNNMoney's Donna Borak contributed to this report.The-CNN-Wire 5277

ESCONDIDO, Calif. (KGTV) -- It's official, a revamp is coming to the Escondido Country Club. The Escondido City Council voted 3-2 Wednesday night. This means they will move forward with "The Villages" development on the 109 acres of former Escondido Country Club land.The country club was closed years ago when purchased by a new owner with plans to build 380 homes. The Escondido Country Club Homeowners Organization fought to keep the project from moving forward. RELATED: Escondido residents fighting country club revamp    569

FALLBROOK (KGTV) - One person is dead after she was hit by a vehicle while walking along the shoulder of a road in Fallbrook with her husband.CHP officers say the 60-year-old woman was walking with her husband just after 5 p.m. northbound on the east shoulder in the 2700 block of Gird Road north of Laketree Drive. An approaching pickup truck heading northbound left the roadway and struck the woman. The truck stopped for a moment before fleeing the scene northbound on Gird Rd.North County Fire Protection District and CHP responded and crews began life saving measures at the scene, but the woman was pronounced dead. Her 60-year-old husband was not injured.The truck involved in the crash is described as an older model pickup truck that's dark in color. The truck will likely have damage to the right front side.Investigators were reviewing surveillance footage from the area to learn more about what happened.Anyone with information on the whereabouts of the suspected vehicle or information about the crash is asked to call CHP at 858-637-3800. 1060

ENID, Okla. (AP) — Two U.S. Air Force airmen killed in a training jet crash at Vance Air Force Base in northwestern Oklahoma have been identified as an instructor and a student pilot.The base said Friday that 47-year-old instructor pilot Lt. Col. John “Matt” Kincade and 23-year-old student pilot Lt. Travis Wilkie died in what Col Corey Simmons has called a “mishap” as two T-38 Talon jets were landing at the base in Enid, about 65 miles (105 kilometers) northwest of Oklahoma City.Two airmen aboard the second jet were not injured.RELATED: San Diego mother calls on community to sponsor wreaths honoring veteransKincade, who was assigned to the 5th Flying Training Squadron, is survived by his wife and two sons. Wilkie, a San Diego native who attended La Jolla Country Day School according to the Air Force Academy, is survived by his wife, parents, and sister.In a statement, Wilkie's family said he was a humble man with a huge smile:"Our son Travis was born ready. His intense personal drive to achieve fueled his incredible accomplishments in academics, athletics and most recently, as an Air Force Academy graduate only weeks away from getting his wings. He made everything look effortless yet he invested great effort in everything. He had a huge smile and a humble heart. He was a great brother and great son. And he was deeply in love with his new wife Peyton. We are immensely proud of Travis and will cherish him forever."RELATED: San Diego veteran receives Congressional Gold Medal for WWII serviceSimmons said the cause of the Thursday morning accident is under investigation by an Air Force safety board that functions similarly to the National Transportation Safety Board.Simmons said it typically takes 30-60 days to determine the cause of such accidents."We are a close family," Simmons, 71st Flying Training Wing commander, said. "And when tragedies like this occur, every member of the U.S. military, Vance, Enid, feels it." 1954

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