Tesla Motors (TSLA) is spending to make the Model X and build a battery factory, and reported a second-quarter loss of 48 cents a share Wednesday night. That’s better than the 60-cent per-share loss that analysts expected. But Tesla stock dipped late as Tesla said it could sell 50,000 to 55,000 vehicles this year, instead of the 55,000 it projected months ago. Tesla stock closed Wednesday’s regular session up 1.5%, and it’s up 21% for the year.
Wearable fitness device maker Fitbit is prepping for a big second half of the year after crushing Wall Street’s second-quarter sales and earnings targets late Wednesday. Fitbit (FIT) guided Wall Street analysts higher for Q3 and 2015. Some investors wanted more from the IPO highflier, however. Fitbit stock was down more than 14% in after-hours trading, after its earnings release. Fitbit stock hit a record high of 51.90 on Wednesday ahead of the
Tesla Motors reported a smaller-than-expected second-quarter loss late Wednesday, but its stock fell as it signaled its full-year deliveries target is at risk. “Model X remains on track for start of deliveries in late Q3,” the electric-car maker said in a letter to shareholders, but CEO Elon Musk told analysts on a conference call that “it’s going to be quite a challenging production ramp” for the crossover SUV. Tesla (TSLA) sees