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ESCONDIDO, Calif. (KGTV) - The FBI and Escondido Police asked Thursday for the public’s help to find three men suspected of robbing a North County bank.The takeover-style robbery happened just before 10 a.m. on May 23, according to FBI Special Agent Davene Butler.The group backed an SUV against the front doors of the San Diego County Credit Union, 1875 S. Centre City Parkway, and went inside the bank.Investigators said the men were wearing masks and displayed handguns, ordering employees to lie on the ground, the FBI reported. Two of the men pointed their guns at different employees and demanded access to the vault. Once inside the vault, the men used trash cans to collect cash before leaving the area.The men drove south in a 1980s Chevrolet Suburban, which had been reported stolen earlier in the week.Anyone with information is asked to call the San Diego FBI at 858-320-1800 or San Diego Crime Stoppers at 888-580-8477.A reward of ,000 is available for tips leading to an arrest. 1002
ESCONDIDO, Calif. (KGTV) - Escondido Police requested the public’s assistance Monday to find the driver responsible of a crash that seriously injured a motorcyclist. The incident happened Oct. 16 at 4:38 p.m. in the 200 block of W. Washington Ave., police said. A man driving a white Ford F-150 pickup truck struck the motorcyclist and left the scene, according to investigators. Police said the man was in his late 30s, Hispanic, and had a mustache. He was wearing a gray shirt and baseball cap. There was a woman in the passenger seat and a child sitting between them. The first two digits on the license plate may be 8F. Police said the Ford F-150 will have damage to the rear passenger side tail light and tailgate. Anyone with information is asked to call Officer Frank Huston of the Escondido Police Department Traffic Division at 760-839-4423. 858
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
Even with the midterm elections looming, Republican leaders in Congress made clear this week they're paying close attention to a looming battle over President Donald Trump's promised border wall.On Monday, House Speaker Paul Ryan predicted a "big fight" over border security on the horizon, while Senate Majority Leader Mitch McConnell said Wednesday that the GOP is "committed" to working to secure the funding the President wants for his signature campaign pledge.Republican leaders managed to avoid a battle -- and the political peril of at least a partial government shutdown -- over border funding until after the November elections. But the hot-button issue is on track to flare up when Congress returns to Washington after the midterms, leading to questions over whether there could be a partial shutdown."That could be one of the big year-end fights and battles that still remains to be played out," Sen. John Thune, the No. 3 Senate Republican, said on Wednesday. The South Dakota Republican added that "the President is very adamant about getting more money," though he downplayed the potential for a partial shutdown, saying, "I don't accept that that's going to happen."The challenge for GOP leaders is that promises to fight for the wall could energize conservative voters the party needs to turn out in the midterms, but the threat of a shutdown could risk alienating moderate voters the GOP needs in swing districts. Republicans will also need at least some Democratic votes to pass a spending measure in the Senate -- due to some Senate actions requiring at least 60 votes -- and Democrats may feel even more emboldened to oppose a significant increase in border wall funding if they win the House majority in November. 1743
ESCONDIDO, Calif. (KGTV) - The third fire in two weeks broke out Monday along San Pasqual Valley Road in Escondido.Firefighters had previously battled flames at the Rangeland and Pasqual fires east of the San Diego Zoo Safari Park.The third fire started west of the park.RELATED: Third fire in two weeks breaks out in San Pasqual?Valley / SR-78 closed near fire 379