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Stock Market & Financial Investment News

News Breaks
July 31, 2014
05:41 EDTPCRFY, TSLATesla, Panasonic sign agreement for construction of U.S. Gigafactory
Panasonic (PCRFY) Tesla Motors (TSLA) said they have signed an agreement that lays out their cooperation on the construction of a large-scale battery manufacturing plant in the United States, known as the Gigafactory. According to the agreement, Tesla will prepare, provide and manage the land, buildings and utilities. Panasonic will manufacture and supply cylindrical lithium-ion cells and invest in the associated equipment, machinery, and other manufacturing tools based on their mutual approval. A network of supplier partners is planned to produce the required precursor materials. Tesla will take the cells and other components to assemble battery modules and packs. To meet the projected demand for cells, Tesla will continue to purchase battery cells produced in Panasonic's factories in Japan. Tesla and Panasonic will continue to discuss the details of implementation including sales, operations and investment. The Gigafactory will produce cells, modules and packs for Tesla's electric vehicles and for the stationary storage market. The Gigafactory is planned to produce 35GWh of cells and 50GWh of packs per year by 2020. Tesla projects that the Gigafactory will employ about 6,500 people by 2020. It expects cost reductions will be achieved through optimized manufacturing processes driven by economies of scale previously unobtainable in battery cell and pack production.
News For TSLA;PCRFY From The Last 14 Days
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January 20, 2015
16:34 EDTTSLASpacex has raised $1B, Google and Fidelity to own slightly under 10%
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13:36 EDTPCRFYPanasonic may move digital camera manufacturing from Japan, ChinaTechNews says
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10:21 EDTTSLATesla slips, levels to watch
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January 19, 2015
17:57 EDTTSLAGoogle near $1B investment in SpaceX, WSJ reports
Google is near an agreement to invest $1B in Elon Musk's SpaceX, Wall Street Journal reports, citing a person familiar with the matter. The investment would value SpaceX at more than $10B, the Journal adds. The Information earlier today reported Google was near an investment in SpaceX, but did not specify the amount. Reference Link
12:29 EDTTSLAGoogle near investment in Musk's SpaceX, The Information reports
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January 16, 2015
16:00 EDTTSLAOptions Update; January 16, 2015
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09:37 EDTTSLAActive equity options trading
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07:53 EDTTSLA, PCRFYChanos says he is 'potential purchaser' of Tesla shares
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January 15, 2015
16:01 EDTTSLAOptions Update; January 15, 2015
iPath S&P 500 VIX Short-Term Futures up 1.01 to 36.13. Option volume leaders: AAPL TSLA TWTR AMZN FB C CLF ABX SUNE according to Track Data.
14:24 EDTTSLAElon Musk says 'Will be building a Hyperloop test track'
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09:36 EDTTSLAActive equity options trading
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January 14, 2015
16:00 EDTTSLAOptions Update; January 14, 2015
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13:01 EDTTSLAReaction to Tesla CEO comments overdone, says Stifel
Stifel believes that the decline in Tesla's stock in response to comments by its CEO were overdone. Responding to concerns about the CEO's comments on profitability, the firm says that returns should not be factored into expectations for Tesla until its vehicles have been produced and delivered. Stifel says the decline I nthe stock yesterday ignores Tesla's value to the auto industry and consumers. It keeps a $400 price target and Buy rating on the shares.
11:42 EDTTSLATesla sinks after Musk warns of slowdown in China
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09:36 EDTTSLAActive equity options trading
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09:16 EDTTSLAOn The Fly: Pre-market Movers
HIGHER: ZIOPHARM (ZIOP), up 53% after the company and Intrexon (XON) announced a licensing agreement with University of Texas. Intrexon shares are also up 12%... GameStop (GME), up 10.6% after reporting holiday SSS, providing guidance for the fourth quarter and fiscal 2014, and being upgraded at Pacific Crest... Smith Micro (SMSI), up 12.7% after reporting preliminary fourth quarter revenue and providing revenue guidance for the first quarter and fiscal 2015... BioCryst (BCRX), up 3.2% after receiving a positive opinion on EMA orphan drug designation for BCX4161... GoPro (GPRO), up 1% following analyst remarks that sell-off after yesterday's report on Apple (AAPL) patent was "overdone." DOWN AFTER EARNINGS: JPMorgan (JPM), down 2.7%... Wells Fargo (WFC), down 2.2%... Banking peers down as well, with Bank of America (BAC) down 2.8% and Citi (C) down 2%. ALSO LOWER: Tesla (TSLA), down 9% following comments made by CEO Elon Musk at an automotive conference in Detroit regarding a slowdown in China... New Media (NEWM), down 4.8% after 7M share spot secondary priced at $21.70... General Motors (GM), down 3% after giving 2015 guidance, saying it is on track to meet previously announced 2016 financial targets... Apple (AAPL), down 1% following lawsuit against Ericsson (ERIC) and countersuit filing.
07:35 EDTTSLATesla demand slowdown in China temporary, says RW Baird
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07:34 EDTTSLADeutsche Bank to hold a conference
2015 Global Auto Industry Conference is being held in Detroit on January 13-15 with webcasted company presentations to begin on January 14 at 7:15 am; not all company presentations may be webcasted. Webcast Link
06:51 EDTTSLAMusk: Tesla will not turn profitable until 2020, WSJ reports
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06:14 EDTPCRFYMediaTek: Worldwide tablet shipments rise at slower pace, DigiTimes says
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