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Investors continued to punish Tesla shares Thursday, with several analysts cutting their price targets. Is clock ticking for this Cinderella stock?
Tesla beat estimates on both the top and bottom line, but the stock is trading well to the downside so far today, reports CNBC's Phil LeBeau.
*Yellen to testify before Senate Budget Committee. *Priceline, bounce from early lows. Tesla Motors managed to cut its initial losses for the session in half, down 5.7 percent to $189.87.
Tesla beat estimates on both the top and bottom line, but mixed guidance is sending shares down, reports CNBC's Phil LeBeau.
The selling in the Nasdaq and small cap names is making some traders nervous, and some say it's a time to be wary while the once sizzling names burn.
*Yellen to testify before Senate Budget Committee. *Priceline, Tesla drop after results, outlook. A Kremlin spokesman said Russia needed more information and additional analysis after pro- Moscow rebels in eastern Ukraine snubbed President Vladimir Putin and said they would go ahead with a secession referendum planned for Sunday.
U.S. stock index futures traded higher on Thursday, after better-than-expected China trade data and calming Ukraine tensions.
Shares of the electric automaker dropped in extended-hours trading on Wednesday despite an earnings beat, reports CNBC's Phil LeBeau.
*Priceline climbs after results, Tesla tumbles. *Priceline Group Inc shares advanced 2.9 percent to $1,164 before the opening bell after the online travel agency reported a 36 percent rise in quarterly profit and gave its second-quarter forecast.
Some of the names on the move ahead of the open.
This is a long-term story, says Colin Rusch, Northland Capital Markets analyst, sharing his thoughts on the automaker's outlook and management team.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday offered an outlook for the second quarter that disappointed some investors, sending shares down 7 percent in after-hours trading. The Palo Alto, California- based company reported a first-quarter net loss of almost $50 million, compared with last year's first-ever quarterly profit.
May 7- SolarCity Corp, the largest residential solar panel installer in the United States, raised its full-year forecast for installations after reporting a smaller first-quarter loss. SolarCity's shares rose as much as 9 percent after the bell.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday said plans for its new lithium-ion battery plant were on track but its outlook for the second quarter disappointed some investors, sending shares down more than 6 percent in after-hours trading.
Companies making headlines after the bell Wednesday.
DETROIT, May 7- Tesla Motors Inc, led by billionaire Elon Musk, on Wednesday posted a higher-than-expected quarterly operating profit and the electric car maker said its plans for a new battery plant are on track.
May 7- SolarCity Corp, the largest residential solar installer in the United States, raised its full-year forecast for panel installations after reporting a smaller first-quarter loss.
Tesla is reporting Q1 EPS of $0.12 ex-items on revenue of $713 billion, with CNBC's Phil LeBeau.
Some of Wednesday's midday movers:
U.S. stock index futures signaled a mixed Wall Street open on Wednesday ahead of Federal Reserve Chair Janet Yellen's congressional testimony.