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
Tesla CEO Elon Musk sees no need for his electric car company to raise cash by selling stock and said that a new factory in China will likely be funded with a loan from a local bank.
"We will not be raising equity at any point," Musk said during Tesla's second quarter earnings call on Wednesday. "I have no expectation of doing so, do not plan to do so."
Investors have questioned how Tesla will continue to fund its operations given that the company is burning cash to ramp up development of its Model 3 sedan. Tesla said on Wednesday that its quarterly loss widened to $742.7 million from $401.4 million in the same period a year earlier.
The company said it's on its way to reaching profitability by improving margin and cutting costs. Musk said the company will be cash-flow positive in the third quarter. The stock rose 9 percent in extended trading after revenue topped analysts' estimates.
As for the upcoming factory in China, Musk said the plan is to fund it with "local debt."
During its annual shareholder's meeting on June 5, Musk and Robin Ren, head of Tesla's worldwide sales, said they planned to build a "Dreadnought" factory in China to produce batteries and assemble vehicles in the same place.
Last month, Tesla said it signed an agreement to build Gigafactory 3 in Shanghai. The company said that it would take two years to start producing cars and that eventually the factory would build 500,000 vehicles a year for Chinese customers. Tesla still needs to secure permits in Shanghai and reaching full capacity could take up to five years.
— CNBC's Lora Kolodny contributed to this report