Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Tesla is expected to release its second-quarter production and delivery numbers in the first few days of July. Goldman analyst David Tamberrino expects the company to report it delivered 22,000 units of its Model 3 mid-size electric sedan, which is up from his previous estimate of 19,000 cars, but still several thousand units below an analyst consensus of 28,000. He bases this estimate on data from InsideEVs.com, GreenCarReports.com, and registration bureaus in various European countries.
And though Tesla CEO Elon Musk has said it is "quite likely" the company will hit its goal of making 5,000 Model 3 sedans in a single week by the end of June, Tamberrino wonders how sustainable that rates is. It might be possible to hit the target, given the extra assembly lines Tesla has recently set up at its Fremont factory, but Model 3 production has a history of volatility and occasional downtime.
On the other hand, Tamberrino expects deliveries of the higher-priced S and X models to be up 4 percent and 5 percent over the same quarter last year, respectively. That is slightly above the consensus of 22,300 units, according to a FactSet consensus Tamberrino cites. But eyes are likely to be far more trained on the Model 3, which Tesla has billed as an electric car built for the masses, and which many consider key to Tesla's goal of becoming a major automaker.
Investors are already likely pricing in a sustained Model 3 production rate of 5,000 cars per week, and are now focused more on gross margins as well as the company's ability to persuade Model 3 reservation holders to opt for the higher-priced versions of the Model 3 the company is prioritizing in production now, instead of those sold at the $35,000 base price Tesla had initially advertised.
Tesla shares closed Tuesday up 2.7 percent at $342. While shares are down about 9 percent over the past year, the stock is up nearly 10 percent since January. During the past year, the stock has traded as high as $389.61 in September, and as low as $244.59 in April.