Wall Street dips, all eyes on British referendum
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- Nasdaq lags on angst over AI spending ahead of earnings reports
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Oil falls on report China pushing for end US-Iran war
- Why Meta, Microsoft, and Nvidia are championing open-weight AI
- Americold to wind down Ahold Delhaize facilities, take $305M charge
- AMD (AMD) PT Raised to $1,250 at Baird
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say
- Wall St falls as tech earnings spark AI spending worries and oil hits $100
- Did Google and Tesla just break AI trade’s bull case?
Tesla (TSLA) Losing Steam Again
June 22, 2016 12:40 PM EDTAfter making back a chuck of its pre-open losses, Tesla (NASDAQ: TSLA) is losing traction again and has fallen back below $200. Shares last traded down 9.16% to $199.50. The after-hours low was around $190.
... MoreNeedham & Company Remains Sidelined on SolarCity (SCTY) Following Announced Offer From TSLA
June 22, 2016 9:21 AM EDTNeedham & Company reiterated a Hold rating on SolarCity (NASDAQ: SCTY) following the company's announcement that it has received an offer from TSLA to acquire all of its outstanding shares in a stock exchange deal. The purchase would be at an exchange ratio of 0.122-0.131x TSLA shares for each... More
Roth Affirms SolarCity (SCTY) at 'Neutral' Amid Tesla's (TSLA) Move to Acquire the Company; Says Many Questions Remain
June 22, 2016 8:20 AM EDTRoth Capital affirms SolarCity (Nasdaq: SCTY) at Neutral with a price target of $19 following news that Tesla Motors (Nasdaq: TSLA) is moving to acquire the company.
Analyst Philip Shen said today, We recognize that the company is an undisputed leader in solar and applaud its leadership on many frontsoperating a national solar EPC, developing innovative financing, and greenfielding a solar cell and module manufacturing facility. That said, a company can only fight so long on so many fronts. We believe an acquisition would serve as yet... More
