President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Elon Musk's peculiar post-earnings call was the talk of the market Thursday morning, with one analyst ranking it among the strangest moments of his career.
"Tesla's 1Q18 analyst conference call was arguably the most unusual call I have experienced in 20 years on the sell-side, " Adam Jonas, equity analyst at Morgan Stanley, said in a note to clients. "Many investors we spoke with post the call agree."
It's anything but the normally amiable affairs between the CEO and those who follow his company closest.
Amid questions over the electric car maker's cash burn, its relationship with SpaceX and production of the Model 3, Musk cut off the questioners and in some cases chastised them for asking things he didn't like.
He dismissed one question from a key analyst as "boring," then took more than 20 minutes of questioning from a 25-year-old YouTuber.
"We're going to go to YouTube. Sorry. These questions are so dry. They're killing me," Musk complained.
And that wasn't all.
"We asked about the scope of collaboration between Tesla and SpaceX on data, to which Mr. Musk said, 'there are many areas for us to collaborate … haven't really thought about it,'" Jonas said. "A surprising answer from someone who launched a Tesla Roadster into outer space on a SpaceX rocket."
The fallout from the call has not been good.
Tesla shares fell more than 7 percent in premarket trading Thursday as the impact of Musk's evasiveness sank in. The impact was felt across the sector, with tech shares overall pointing lower.
It was about more than just comity between CEOs and analysts.
Jonas said there are important questions about where Tesla is heading, considering the high levels of company debt and questions about the ability to meet production expectations.
"While the consequences are unquantifiable, we believe Tesla's CEO made a mistake in refusing to answer some of the analyst questions about the Model 3 ramp," he wrote. "Additionally, we found the posture out of character with the normally inviting, enlightening tone of prior conference calls over many years. While they may be 'dry' in nature, we argue such questions are extremely important for a highly levered and cash hungry company with 2025 bonds trading at 89."
The "path of the Model 3" is critical to the analyst's bull case of $561 for the stock and bear case of $175, he said. The bull case represents 86 percent upside while the bear case would translate to a 41 percent decline.
As things stand, Morgan Stanley has a $376 price target on Tesla, which would be 25 percent higher from Wednesday's close.
Tesla did not immediately respond to a request for comment.