Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
Freddie Lait, chief investment officer at Latitude Investment Management, said Wednesday that Tesla's $52.5 billion market value warranted an acquisition.
"It's quite possibly going to get bought out for that valuation because it represents what that is," Lait told CNBC's "Squawk Box Europe. "
"It's already got it's own operating system, it's got its own technology, it's got a great brand," he noted, adding that Tesla's technology could "potentially" be integrated into another player's product.
Referring to last year's take-private episode, the analyst said that he doubted an investor like Saudi Arabia's sovereign investment fund would the best buyer for Tesla.
"I don't see the industrial logic for that," he said.
Last year, Tesla Chief Executive Elon Musk tweeted that he intended to take the company private at $420 per share, and said he had "funding secured." He later said he had been he had been approached by the Saudi Public Investment Fund "multiple times" about a potential deal. The move took shares of the company on a rollercoaster ride, as just a month later the entrepreneur reversed his decision, saying the electric car maker would remain publicly traded.
The company is known to be the target of a number of short sellers, who make bets against the firm's stock on doubts that it can produce a long-term profitable business.
"From a fundamental perspective, Tesla is definitely not a buy," Lait said, adding, "but that sadly isn't the definition of a good short."
He is not the only analyst to have suggested that Apple may buy or at least invest in the company. Some on Wall Street have said Tesla could be an acquisition target for Apple as it could be a good fit with the latter's automotive ambitions. Apple has been working on an electric car project of its own called "Titan" — it recently laid off more than 200 employees from the operation.
And Tesla isn't the only company investors have been speculating that Apple could buy. J.P. Morgan's Samik Chaterjee and Wedbush Securities' Dan Ives, have both said the firm should acquire streaming giant Neflix to aid its video content ambitions. The firm is reportedly eyeing April as the month in which it launches an upcoming TV streaming service.
Apple has an eye-watering $245 billion cash pile, which has boosted theories the company could be thinking about a strategic merger or acquisition deal.