Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Sources say the talks, which have been happening over the last several weeks, have picked up speed in recent days and could lead to an announcement regarding a merger or...Autosread more
Stocks that are most prone to swine flu fears include Bloomin' Brands, Phibro, Darling Ingredients, Deere, and Hormel, according to analysts.Marketsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
You should use your summer vacation to unwind from work stress. Here are some tips for disconnecting while you're away.Technologyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
"Given improvements in efficiency and upcoming expansion plans, Mr. Musk admitted that from today's perspective there is 'some merit' to raising capital," Morgan Stanley analyst Adam Jonas said in a note to investors. Jonas is widely followed on Wall Street as an early authority on both Tesla and electric vehicles.
Morgan Stanley forecasts Tesla will raise $2.5 billion in the third quarter of this year, coming "from strategic sources," Jonas said. The firm has a $240 a share price target on Tesla's stock, as Jonas said "concerns over demand and liquidity" will weigh on the stock.
"We think Tesla is waiting to demonstrate a recovery in demand and cash flow before looking to stabilize its balance sheet," Jonas added.
On the company's conference call with investors, Musk deferred on the company raising capital any time soon.
"I don't think raising capital should be a substitute for making the company operate more effectively," Musk said. "I do think there is some merit to raising capital, but is sort of probably about the wrong timing."
Tesla CFO Zach Kirkhorn also warned shareholders that the company will likely report a loss for its second quarter, as well.
Tesla's stock fell 4.3% in trading to close at $247.63 a share.