Tesla (TSLA) shares fell Tuesday following a bearish report saying the maker of all-electric vehicles will continue to lose money on an annual basis through 2019. XAutoplay: On | OffJefferies analyst Philippe Houchois initiated coverage of Tesla with an underperform rating and price target of 280, which is 26% below where the shares currently stand. Tesla shares were down 2%, near 377.10 during morning trading in the stock market today. Tesla shares are up 77% this year. "It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a note to clients Tuesday, saying that boosting production remains the main challenge for Tesla. "Achievements to-date
MEMPHIS, Tenn. (AP) _ FedEx Corp. (FDX) on Tuesday reported fiscal first-quarter profit of $596 million. The Memphis, Tennessee-based company said it had profit of $2.19 per share. Earnings, adjusted for non-recurring
In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as online leader Amazon increasingly exerts its influence over a huge part of the retailing world. Like so many retailers that find it harder to co-exist with Amazon, analysts say Toys R Us needs to improve its online services and offering special experiences in the stores. For Toys R Us, that might be game demonstrations or hosting birthday parties.