He became famous predicting financial crisis of 2008 and was prominently featured in “The Big Short” movie. Now, he is shorting automaker Tesla as he admitted during his recent interview on CNBC.Here what he said about Elon Musk and his company: “He’s nowhere in autonomous driving, as far as I can tell, and big competition is coming in his space next year.” In addition, he also admitted that he is shorting an internet real estate platform, Zillow.

European car exporters can heave a sigh of relief - at least for now - as U.S.-EU trade talks result in U.S. President Donald Trump's deciding not to raise tariffs on car imports from the EU. Trump relaxes his tone on tariffs as he and European Commission President Jean-Claude Juncker promise each other to hold off levies as they both intend to work towards a “zero tariffs, zero non-tariff barriers and zero subsidies on non-auto industrial goods," as mentioned by Trump.The talks included plans of expanding the American export market in the EU for goods such as U.S. liquefied natural gas and soybeans. Earlier this year, Trump had threatened to increase tariff rate on European cars to 25% - from 2.5% - in order to protect America’s national security.

Tariffs on imported metals force General Motors to go slow on its profit projections. The U.S. automaker has scaled back its forecast of this year’s earnings to about $6 a share, from a previous projection of  $6.50. The company's stellar earnings potential for 2018 (on the back of its solid equity earnings from its China business and record pretax profit from GM Financial) is apparently getting muted by U.S. tariffs slapped in June on steel and aluminum imports.The company faces $1 billion in raw material costs – almost twice its previous expectation.

In his latest tweet, U.S. President Donald Trump hopes that both the U.S. and EU  drop all tariffs, barriers and subsidies, ahead of his scheduled meet with EU trade chiefs. Last month, Donald Trump threatened to raise tariffs to 20% from 2.5% on cars imported from the EU into the U.S.Apparently aiming to temper trade tensions, European Commission President Jean-Claude Juncker and EU Trade Commissioner Cecilia Malmstrom will meet Trump on Wednesday to propose  a lowering of levies on automobiles and auto-parts among  all major car exporters (akin to a plurilateral agreement). On Tuesday night, Trump’s post on Twitter about the meeting reads, “I have an idea for them.

Harley-Davidson Inc. pared back its 2018 profit margin forecast. In a statement released Tuesday, the Milwaukee-based iconic motorcycle maker said that it has revised down its expectations for operating margin this year to 9-10% - compared to its previous forecast of 9.5-10.5%.The firm indicated the potential role of tariffs in raising costs and therefore eating away at profits as a reason behind the downward revision in margin projection. Last month, Harley had expressed its willingness to shift some its production overseas in order to avoid the European Union’s tariffs on American goods.

Tesla asks suppliers to refund a portion of its payments to them.Tesla hopes the cash return to help it become profitable, according to the Wall Street Journal’s review of a memo that the electric car-maker sent one of its suppliers last week. The refund request apparently seeks to enable Tesla to continue its operations and to bolster its long-term growth – something that both the company and its suppliers could potentially benefit from. Although Tesla declined to comment on the specific memo, the company did indicate that it is seeking price discounts from suppliers on projects (including incomplete ones and those dating back to 2016) – as mentioned by the Wall Street Journal.

“I’m ready to go 500”, said U.S. President Donald Trump in CNBC’s ‘Squawk Box’ interview.Just a couple of days back, the Trump administration announced 10% tariffs on $200 billion of Chinese imports. So far, $34 billion of Chinese goods have already met with Trump’s tariffs, to which China had responded with levies on $34 billion of U.S. goods imported into its nation. Trump seems to be in no mood to give up his one-upmanship in this apparent ‘tariff war’, as is suggested by his ‘threats’ and actions in recent days.

But the patience of the Wall Street is running out. On the positive side, Tesla finally produced 5,000 Model 3 cars last week and is aiming at producing 6,000 in the nearest future.Will that be enough to pacify and excite Wall Street remains to be seen? Oh, yes – and the cars are stunning!

The European Union (EU) is readying its retaliation plan, in case U.S. President Donald Trump does not budge from his tariff threats for cars. Last month, Donald Trump threatened to raise tariffs to 20% from 2.5% on cars imported from the EU into the U.S., if an ongoing investigation convinces him that auto imports are indeed endangering U.S. national security.On Thursday, EU trade chief Cecilia Malmstrom announced that the region is preparing a list of “rebalancing measures” to be implemented if Donald Trump decides to go ahead with the tariff hike. Hoping to temper the trade tensions, European Commission President Jean-Claude Juncker will meet Trump on July 25 to propose  a lowering of levies on automobiles and auto-parts among  all major car exporters (akin to a plurilateral agreement), along with an expected free-trade offer. Following U.S. tariffs on aluminum and steel imports and the EU’s hitting back with levies on $3.3 billion of American goods, the next round

Reason: EU tariffs.  EU has decided to slap 25% tariff rate on several goods it imports from the U.S. – as a retaliatory move against the U.S. government’s imports tariffs on European steel and aluminum.Seemingly unwilling to pass this cost to dealers and retail consumers, the motorcycle behemoth is considering moving some of its production away from the U.S. As it is, Harley Davidson has been trying to revive sales following a closure of its Kansas City plant in January as its shipments fell to a six-year low.