Take a look at some of the biggest movers in the premarket: Dish Network (DISH) – The satellite TV provider beat estimates by 10 cents a share, with quarterly earnings of 69 cents per share. Revenue also beat forecasts. Pay-TV subscribership declined, but at a slower pace. Garmin (GRMN) – The maker of GPS and […]
Tag: Tesla Inc
Here’s how the pros are trading Tesla and its wild moves
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Tesla’s stock has piqued the interest of professional and retail traders alike as they try […]
Tesla is under pressure to revitalize its solar and storage business
Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 Tesla Even with a record fourth quarter for its solar energy and storage systems business, Tesla’s energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. The company is now under pressure to […]
S&P all-time high, Tesla comeback, Microsoft turns negative
Elon Musk Mike Blake | Reuters This is a live blog. Check back for updates. 3:22 pm: Wayfair drops 13% as company announces job cuts Shares of the online retailer tanked 13% after the company said it was cutting roughly 3% of its workforce, which translates to around 500 jobs. The company said that around […]
Tesla offering $2 billion in common stock with Elon Musk buying
Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said the company would not take advantage of its surging stock to raise more capital. Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellison […]
Why Tesla stock seems expensive, even compared to other tech stocks
A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England. John Keeble | Getty Images News | Getty Images Tesla’s valuation has soared well past other automakers, even those which produce millions more cars each year, causing Morgan Stanley to take a look […]
Tesla closes stores, Olympics organize task force
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 28,000 as of Thursday morning.Total deaths: At least 565 worldwide as of Thursday morning 9:02 am:Â Yum Brands shares drop as CEO comments on coronavirus hit Yum Brands, the owner of Taco Bell, KFC […]
Dow up big, Tesla tops $900 in parabolic move
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 3:11 pm:Â Tesla soars 21% at session high Shares of Tesla surged 21% to its session high of […]
TSLA jumps past $900 in early trading
Tesla stock is surging again, set to open Tuesday’s trading at a new record high as major shareholder Ron Baron forecast the company will top $1 trillion in revenue in a decade and as investors who bet against the stock scrambled to catch up. “I just can’t believe this freaking stock. It’s insane,” Roth Capital analyst […]
General Motors playing to its strengths with the GMC Hummer EV pickup
DETROIT – General Motors is playing to its strengths from a profitability and product standpoint by resurrecting Hummer as an all-electric vehicle under its GMC truck and SUV brand, according to officials. The automaker is attempting to cash-in on the reputation of an already-established brand while removing any “negative baggage” of the gas-guzzling, environment-harming Hummers […]
