Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
is often tipped as one of the most disruptive companies in the world, but one investor is shorting the California-based electric car maker given its sales in comparison to .
Patrick Armstrong, managing partner at Plurimi Investment Managers, told CNBC Monday that, "Tesla is obviously leading the charge with electronic, electric cars. Rightly so, that's where the industry is going."
But Armstrong's notes pointed out that while Tesla sold 47,000 electric cars through to June, BMW's sales of plug in cars were 50,000 through to July. "BMW is not getting credit," Armstrong said.
In addition, Tesla remains loss making despite a , while BMW saw net profit rise 14 percent in the same time period. Armstrong said that Tesla's negative earnings were "hard to justify."
Adding to his rationale, Armstrong questioned whether Tesla would become "the Apple of electric cars," arguing that the Elon Musk-led company "isn't going to end up with a monopoly position, governments aren't going to allow that."
"Tesla is great for consumers because cars are priced in a non-profitable way, but that is not great for shareholders as it won't crowd out competition in this industry," unlike Amazon's trajectory in the retail space, he added in his note.
has caught CEO Musk's attention previously. In June this year, he posted a series of tweets addressing the issue.
Tesla is expected to unveil a new electric truck offering in late October.
BMW, meanwhile, is aiming to mass produce electric cars by 2020, with 12 different models by 2025.
Armstrong was also downbeat on another major disruptor stock, this time in the entertainment industry. He was short on , but long on , arguing that the latter company is set for a bumper 2019 with releases in major franchises such as Frozen, Indiana Jones and Star Wars.
Disclaimer: Plurimi Investment Managers holds short positions in Tesla and Netflix and long positions in BMW and Disney.