Wall Street dips, all eyes on British referendum
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Tesla (TSLA) Losing Steam Again
June 22, 2016 12:40 PM EDTAfter making back a chuck of its pre-open losses, Tesla (NASDAQ: TSLA) is losing traction again and has fallen back below $200. Shares last traded down 9.16% to $199.50. The after-hours low was around $190.
... MoreNeedham & Company Remains Sidelined on SolarCity (SCTY) Following Announced Offer From TSLA
June 22, 2016 9:21 AM EDTNeedham & Company reiterated a Hold rating on SolarCity (NASDAQ: SCTY) following the company's announcement that it has received an offer from TSLA to acquire all of its outstanding shares in a stock exchange deal. The purchase would be at an exchange ratio of 0.122-0.131x TSLA shares for each... More
Roth Affirms SolarCity (SCTY) at 'Neutral' Amid Tesla's (TSLA) Move to Acquire the Company; Says Many Questions Remain
June 22, 2016 8:20 AM EDTRoth Capital affirms SolarCity (Nasdaq: SCTY) at Neutral with a price target of $19 following news that Tesla Motors (Nasdaq: TSLA) is moving to acquire the company.
Analyst Philip Shen said today, We recognize that the company is an undisputed leader in solar and applaud its leadership on many frontsoperating a national solar EPC, developing innovative financing, and greenfielding a solar cell and module manufacturing facility. That said, a company can only fight so long on so many fronts. We believe an acquisition would serve as yet... More
