Tesla Motors Inc (NASDAQ:TSLA)’s flagship all-electric car, the Model S, is arguably the world’s most popular electric vehicle out there. The car starts at $70,000 in the U.S., but carries different price tags with certain options and also in other markets. However, Saleen Automotive Inc (OTCBB:SLNN) is offering a performance car that borrows a leaf from Model S design, but not the price as the car known as Foursixteen asks for $152,000, Bloomberg stated in an article on Yahoo! Finance. Steve Saleen’s Saleen Automotive Inc (OTCBB:SLNN), which is well-known for tuning mostly gasoline vehicles, such as those from General Motor…
Author: Neha Gupta
Shares of Weibo Corp (ADR) (NASDAQ:WB) fell more than 7% on Friday, as the stock hovered around $19.90 level. The stock is up about 17% since its IPO in April, during which it sold $286 million worth of shares. Bloomberg’s David Ingles took a look at the company after its second-quarter earnings, which showed greater improvement compared to a year ago. Weibo Corp (ADR) (NASDAQ:WB), which is controlled by SINA Corp (NASDAQ:SINA), reported second-quarter net loss of $15.4 million, far better than $35.1 million in the like quarter last year. The company also saw its sales double for the latest…
Apple Inc. (NASDAQ:AAPL) is expected to make some big announcement about the iPhone 6 in the coming months. But before that the mandatory 13F filings with the Securities and Exchange Commission have been revealing some important investment details, which are good for the investors who love tracking hedge-fund strategies. The 13F filing has been mixed for Apple and the stock was trending down about 0.23% in the early afternoon as more details trickled in about fund managers loading up on the stock or trimming their stakes. Bloomberg’s Erik Schatzker took a look at some of the prominent hedge funds that bet…
Cisco Systems, Inc. (NASDAQ:CSCO) reported a quarter that was not very good, but managed to beat estimates. CNBC’s Jim Cramer talked about the stock and looked at its earnings, while also focusing on potential opportunities and hurdles that investors may want to keep a close eye. Shares of Cisco were trending down more than 2% in the early afternoon. The networking gears manufacturer reported fourth-quarter revenue of $12.36 billion, which was down from $12.42 billion in the like quarter a year ago. However, the revenue was better than $12.14 billion that analysts estimated for the quarter. Even net income was…
Shares of Yahoo! Inc. (NASDAQ:YHOO) jumped more than 1.9% in the early afternoon as fresh reports reached the market about Alibaba’s initial public offering. Although Yahoo is down more than 10% this year, investors are excited about the cash windfall from the looming Alibaba IPO because of Yahoo’s significant stake in the Chinese giant e-commerce company. On CNBC’s “Squawk Alley,” Kayla Tausche and the crew looked at Alibaba’s IPO. Yahoo! Inc. (NASDAQ:YHOO) reportedly owns more than 20% stake in Alibaba, and the IPO will put so much money into its wallet because it is expected to offer a portion of…
Twitter Inc. (NYSE:TWTR) in it’s 10-Q filing with SEC made a revision of its active users. Twitter had disclosed earlier that as much as 14% of its active users were using third-party apps, which however has been later revised down to 11%. The revision was made after the company found out that the previous figure included the number of users of third-party apps actually included users who accessed the platform through apps and services owned by Twitter. Nevertheless, the growing number of third-party apps users essentially means a reduction in the number of people who can view ads that continue to…
Amazon.com, Inc. (NASDAQ:AMZN)’s push for the fast-growing mobile payment system received the much-needed boost after the giant online store launched ‘Local Register.’ This represents a credit-card processing device and mobile app, specifically designed for assisting small business owners accept payments from smartphones and tablets. Local Register will also be beneficial to business owners as it will help them keep track of their businesses growth. Amazon.com, Inc. (NASDAQ:AMZN) has stated in a press release that business owners who will use the service will have full access to its award-winning and fully dedicated customer support team, as well as other tracking tools.…
Apple Inc. (NASDAQ:AAPL) and Samsung Electronics are arguably the largest smartphone companies in the world in terms of market share, with shares of 31% and 15% as of 2013 according to Fitch Ratings. The two companies have mostly derived their huge market share in developed markets of Europe and America. Saturation in developed markets essentially means that the race is on for emerging markets, in Africa and Asia, which over the recent years have emerged as key market areas for smartphones. Fitch Ratings now considers that the market share for Apple Inc. (NASDAQ:AAPL) and Samsung could be under threat as…
As the summer-end approaches, it can only mean one thing; the release of the much awaited Apple Inc. (NASDAQ:AAPL)’s iPhone 6 and maybe the iWatch. Apple has not made an official announcement about its impending products, but the tech world is abuzz of information on the products being released in the coming months. Apple’s partners, GT Advanced Technologies Inc. (NASDAQ:GTAT), which reportedly will help producing the Saphire displays, and Skyworks Solutions Inc. (NASDAQ:SWKS) are two companies on the periphery that might greatly bank on Apple and its new products, as Street Authority stated in an article. Skyworks, unlike GT Advanced Technologies Inc. (NASDAQ:GTAT), has…
Groupon Inc. (NASDAQ:GRPN) has been an underperformer in the market over the past year, in contrast to positive sentiments echoed by analysts, after it posted better than expected results for the second quarter of 2013 at the back of the appointment of Eric Lefkofsky as its new CEO. The second-quarter results for last year were impressive according to Aaron Kessler, Raymond James SVP Equity Research analyst, as the company was enjoying a turnaround on its local business as well as shifting focus to its international business which at the time showed huge growth potential. “[…] They have shown some progress the…
Giant electric automaker Tesla Motors Inc. (NASDAQ:TSLA) continues to enjoy an impressive run in the auto industry at the back of its electric vehicles that continue to receive positive reviews, as well as massive orders especially from China. Last year, Tesla estimated that it would sell 21,000 cars as production continued to ramp up from 400 cars a day to 500 cars, this year the automaker is in line to produce 35,000 cars, highlighting its growth potential in terms of production. Wedbush Analyst, Craig Irwin, in an interview on CNBC last year, emphasized that Tesla Motors Inc. (NASDAQ:TSLA) was in…
Tesla Motors Inc (NASDAQ:TSLA)’s celebrity, Elon Musk likes to talk about his plans for the company and new products that customers can expect from the all-electric car maker. As the Wall Street Journal reported, a hybrid car offered by rival General Motors Company (NYSE:GM), Chevrolet Volt, comes across as Tesla Model S’s main challenger in the U.S. and Musk has not been talking much about it. According to market numbers from Autodata, Volt is in front of the Model S in the U.S. in terms of sales by a huge margin. Although General Motors Company (NYSE:GM)’s Volt has been marked as…