Tesla Motors shares fell sharply after hours Wednesday as the luxury electric car maker’s first-quarter earnings and revenue only modestly beat the average of some wildly divergent analyst views. CEO Elon Musk also announced that Tesla (TSLA) has a signed letter of intent with Panasonic to build a battery “Gigafactory,” with groundbreaking expected to start next month. Tesla delivered 6,457 Model S vehicles in Q1, slightly ahead of
Alibaba Group filed its long-awaited initial public offering late Tuesday, setting the stage for what is expected to be the big gest U.S. listing since Facebook’s. China’s Alibaba said in its IPO prospectus that it is the world’s largest online and mobile commerce company “in terms of gross merchandise volume in 2013,” citing industry sources. The prospectus listed the offering at $1 billion, though that is just a placeholder
First Solar soundly beat first-quarter estimates late Tuesday and raised guidance, making what its CEO called “significant progress” toward targets set at its March 19 analyst day, when the stock rocketed 21%. The largest solar energy company by market cap, manufacturer First Solar (FSLR) rose nearly 3% after hours Tuesday. It fell 1% to 67.45 in the regular session. Net sales grew 26% to $950 million, trouncing expectations for