Tesla (TSLA) Acquires Michigan-Based Stamping Company, Riveria Tool
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Sources indicate regulators looking at Riviera Tool Company (RIVT)
May 7, 2015 1:59 PM EDTSources indicated market regulators are looking at Riviera Tool Company (OTC: RIVT), which is up 6300%+ today on news Telsa (NASDAQ: TSLA) bought the company, although it appears the company had a 2007 bankruptcy and the equity might be worthless.
... MoreRiveria Tool (RIVT) Surge Questioned
May 7, 2015 1:08 PM EDTSome traders are questioning the 9100%+ surge in Riveria Tool (OTC: RIVT) today on the back of Tesla (NASDAQ: TSLA) merger news.
While it appears to be the same company with the same address, Riveria Tool went bankrupt in 2007 so it is unclear the equity has any value at this point.
... MoreTesla (TSLA) Tops Q1 EPS by 13c; Delivered 10,045 Vehicles
May 6, 2015 4:27 PM EDT(Updated - May 6, 2015 4:29 PM EDT)
Tesla (NASDAQ: TSLA) reported Q1 EPS of ($0.36), $0.13 better than the analyst estimate of ($0.49). Revenue for the quarter came in at $939.88 billion versus the consensus estimate of $1.04 billion.
Produced 11,160 vehicles, exceeding plan while improving efficiencyRecord quarterly deliveries of 10,045 vehiclesOutlook:
In Q2, we expect to produce about 12,500 vehicles, representing a 12% sequential increase. We plan to deliver 10,000 to 11,000 vehicles in Q2, and we are still on track to deliver approximately 55,000 Model S and X cars in 2015. As part of our strategy to optimize... More
