Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Tesla's strong brand name gives it the opportunity to fix its internal issues, but it's got to do it soon, Roger McNamee told CNBC on Thursday.
"They've built this incredible brand, and yet, now they've got all these people interested in the product, they're creating all kinds of trouble for themselves," said McNamee, a venture capitalist turned Silicon Valley critic. "The brand creates the opportunity to fix the manufacturing issues, but at some point they've got to do that."
Tesla missed Wall Street estimates in its second-quarter earnings update, sending shares of the electric auto maker down 14% on Thursday afternoon. The company did reaffirm its full-year delivery guidance, saying it expects to sell 360,000 to 400,000 vehicles this year.
Investors also took note of another high-level departure at Tesla. CEO Elon Musk announced the departure of its Chief Technology Officer, JB Straubel, on Wednesday. It's the latest in a slew of people leaving the company, with Steve McManus, Michael Schwekutsch, Felicia Mayo and Peter Hochholdinger all leaving in the past year.
"[Musk's] announcement doesn't read well at all," McNamee said. "The departure of the CTO is very poorly timed."
Former Tesla board member Steve Westly remained bullish on the automaker, despite it coming short on revenue and having wider-than-expected losses.
However, he did acknowledge the departures of high-profile executives as something that hurt the company, and he called for more stability.
"It's a blow for the company to lose JB Straubel," Westly said Thursday. "Tesla is doing a lot of the right things, but they need to stabilize the senior management team."
"Steve Jobs wasn't easy to work for," he said. "But you wouldn't want to bet against him."
McNamee says the automaker needs to focus on improving its manufacturing.
"They haven't solved job one of being a car company," McNamee said on "Squawk Alley. "
McNamee has previously warned that Tesla needed to become better at the basics, saying it needs to grow in areas such as manufacturing and forecasting if it wants to "survive" as an auto company.
"These are really hard engineering businesses that require tremendous discipline," McNamee told CNBC on July 3. "Tesla is getting there but it's getting there in a way that causes investors a lot of heartburn."
Tesla did not immediately respond to CNBC's request for comment on Westly's and McNamee's statements.