Companies making headlines after the bell Thursday:» Read More
PALO ALTO, Calif.— Electric car maker Tesla Motors widened its losses in the second quarter as it prepared for the launch of a new SUV and the construction of a massive new battery plant. But the company said it's still considering sites in California, New Mexico, Arizona and Texas, and won't make a final decision for several months.
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. In the year-ago quarter, Tesla lost $30.5 million, or 26 cents a share, on revenue of $405.1 million.
RENO, Nev.— Electric car maker Tesla Motors said Thursday that it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other sites. Tesla said it broke ground on the Nevada site in June. California, New Mexico, Arizona and Texas are also in the running.
DETROIT, July 31- Tesla Motors Inc, the California- based maker of luxury electric cars, said it lost $61.9 million, or 50 cents a share, in the second quarter, as revenue nearly doubled to $769.3 million. On a non-GAAP basis, Tesla said it earned 11 cents a share, topping analysts' expectations of 4 cents.
Panasonic confirmed that it would invest an unspecified amount in Tesla's upcoming lithium-ion car battery factory.
CNBC's Phil LeBeau provides a preview of Tesla's Q2 earnings.
U.S. stock-index futures ticked lower on Thursday, as investors awaited a blast of earnings and the usual weekly jobless figures.
Some of the names on the move ahead of the open.
TOKYO, July 31- Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size and timing of its investment.
TOKYO— American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. Tesla has said that Nevada, Arizona, Texas, New Mexico and California are in the running.
TOKYO, July 31- Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size of its investment. "We have not yet decided exactly how much we will invest and when," said Chief Financial Officer Hideaki Kawai.
CNBC's Phil LeBeau takes a look at the results of safety tests to electric cars and how battery compartments were compromised during a serious collision.
Britons will travel to a spaceport in a driverless car where they could download pictures on 5G networks, according to government plans.
Crash tests involving two popular electric cars show the batteries in those vehicles hold up with no major issues after violent collisions.
NEW YORK, July 29- With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix. Netflix, along with Gilead Sciences and several other stocks famous for their sharp gyrations, were unusually calm following their latest quarterly reports.
With PlayStation network, Sony goes back to the future in search of revival. TOKYO- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
Stocks were little changed on Monday amid activity on the corporate-deal front.
Many so-called momentum stocks have rebounded as economic data have been mixed and volatility remained low. Financial Times reports.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Stripe now operates in several countries including Canada, Britain and Ireland, and is beta-testing in European countries such as Finland and Switzerland. It was valued at $1.75 billion in a January round of funding from venture capitalists, including Khosla Ventures, Sequoia Capital and Founders Fund.