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 engineer named Morgan Beller.Technologyread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Agricultureread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread 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
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
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
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Major Tesla shareholder Ron Baron told CNBC on Tuesday the electric car maker could be a $1 trillion company in revenue by 2030.
"I think it could be a $500 billion battery business, $500 billion car business. I give that better than 50-50 chance," the billionaire buy-and-hold investor said.
"The fact that it could be a $60 billion company in three years, I give that maybe 80 percent chance," he added.
Baron also said Tesla, with full-year 2017 revenue of $11.75 billion, is close to self funding. In 2016, the company had $7 billion in revenue.
"I think this is going to be the biggest car company. I think they're going to have 10 million cars, 15 million cars" sold per year eventually, predicted Baron.
Tesla announced on Tuesday it produced 80,142 vehicles in the third quarter. That's a 50 percent more than the prior all-time high in Q2.
The breakdown included 53,239 Model 3 sedans — squarely within Tesla's goal of 50,000 to 55,000 of its less-expensive car aimed at the mass market auto buyer.
Third-quarter deliveries totaled 83,500 vehicles, including 55,840 Model 3s.
Baron appeared on "Squawk Box" for the first time since Elon Musk's erratic behavior over the summer culminated in a weekend settlement with the SEC over the CEO's aborted bid to take the company private.
Shares of Tesla have been all over the map since that now-infamous take-private tweet on Aug. 7. Since then, the stock lost about 18 percent as of Monday's close.
Tesla opened up 1 percent on Wall Street on Tuesday.
The price of Tesla stock depends on selling cars, making cars and growing the battery business, said Baron, whose average cost of buying Tesla since 2014 is $219.70 per share.
The stock closed Monday at $310.70, valuing Baron's Tesla stake at about $440 million.
As bullish as Baron and other investors are, Tesla is one of the most shorted stocks. When traders short a stock, they're betting it will go lower.
The founder of Baron Capital, with $28.3 billion in assets under management, also told CNBC that Tesla investors would be better off if Musk tweeted less. "Investors would benefit if there were less communications."
Last week, the Securities and Exchange Commission charged Musk with making false and misleading statements in the Aug. 7 tweet about potentially taking Tesla private with "funding secured." The take-private idea was abandoned on Aug. 24.
"I assumed that he thought he had financing," Baron said, adding he told Musk when going private was being considered that he would "prefer that the company remain public." Baron also said he does not want to be on Tesla's board.
As part of Saturday's settlement, Musk will personally pay a $20 million fine, and Tesla will also pay $20 million. The billionaire entrepreneur will step down as chairman of the board for at least three years but was allowed to retain his role as CEO. Tesla will to appoint two new independent directors to the board and monitor Musk's tweets and other communications.
On Sunday, Musk sent emails to Tesla staff, saying "ignore all distractions" and "we are very close to achieving profitability and proving the naysayers wrong." Musk has been dealing with production problems on the Model 3.