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- InvestorPlace•last month
Tuesday Apple Rumors: MacBook Pro, Tesla Bid and ECG App
In this week's Tuesday Apple (NASDAQ:AAPL), the company unveiled a new MacBook Pro, it revealed that it bid to acquire Tesla six years ago and Health Canada has given the business approval to roll out an ECG app.Source: Apple Here's what you should know as we head into Tuesday's action:New MacBook Pro: The tech giant said that it will be releasing new 13- and 15-inch MacBook Pro models that include Intel's 8th and 9th-generation processors. The high-end models will have eight cores for the first time. Apple added that the new MacBook Pro offers a performance that is two times faster than a quad-core MacBook Pro, as well as 40% more performance than a 6-core MacBook Pro.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTesla Buyout Bid: Apple reportedly made a "serious bid" for Tesla around 2013 which would've cost the company roughly $240 per share, according to Craig Irwin, a senior analyst at investment firm Roth Capital Partners. He said he has "complete confidence" in this information, but is unsure if the bid reached a "formal paperwork stage."ECG App: Furthermore, the tech business revealed that Health Canada has given the green light for an ECG app with irregular heart rhythm notifications on the Apple Watch Series 4. Both features are likely to make their debut north of the border in the near future.AAPL stock is up about 2.3% on Tuesday following the news. More From InvestorPlace * 7 Stocks to Buy that Lost 10% Last Week * 7 Stocks to Buy for Over 20% Upside Potential * 7 High-Yield REITs to Buy (Even When the Market Tanks) Compare Brokers The post Tuesday Apple Rumors: MacBook Pro, Tesla Bid and ECG App appeared first on InvestorPlace.
- InvestorPlace•5 months ago
Tesla Earnings: TSLA Stock Slides on Q4 Adjusted EPS Miss
Tesla earnings (NASDAQ:TSLA) were below what analysts were calling for in the Wall Street consensus estimate, sending TSLA stock down after the bell on Wednesday. Source: Tesla The San Carlos, Calif.-based electric car maker reported mixed results for its fourth quarter of its fiscal 2018, but earnings missed expectations due to lower revenue in its sale of regulatory credits and increased import duties on its parts from China, as well as lower prices on some of its Model S and Model X vehicles in the Asian country. Tesla said that for the period, it brought in adjusted earnings of $1.93 per share, which was below the $2.20 per share that analysts were calling for, according to data compiled by Refinitiv. On the revenue front, the company amassed sales of roughly $7.23 billion, ahead of the $7.08 billion that the Wall Street consensus estimate called for, per Refinitiv. InvestorPlace - Stock Market News, Stock Advice & Trading Tips However, the company did say that its cash position was better by the end of the quarter, improving to $1.45 billion. Tesla added that the company sees a bright 2019 ahead of it with higher revenues thanks to an increase in its production and deliveries this year. The electric car maker projects that it will deliver 360,000 to 400,000 vehicles in 2019, roughly 45% to 65% more than its deliveries in 2018. TSLA stock is declining roughly 1.9% after the bell on Wednesday following the company's underwhelming quarterly report, which included an earnings miss. Shares had been increasing about 3.8% as the company geared up to report for its last quarter of the fiscal year. ### More From InvestorPlace * 5 Best Stocks to Buy and Hold for the Long Term * 7 Stocks That Could Double in 2019 * 7 High-Dividend Stocks Yielding More Than 5% (Plus a Bonus) Compare Brokers The post Tesla Earnings: TSLA Stock Slides on Q4 Adjusted EPS Miss appeared first on InvestorPlace.
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