Shares of Tesla Motors, Inc. (TSLA) are up by more than 14 points in morning trading Friday after the electric car maker said orders for its new Model 3 sedan, a sleek four-door car, which will travel 215 miles on a single charge, had sped past 130,000 in the first 24 hours. More than 150,000 customers put down $1K deposits on the car, exceeding analyst expectations.
The Model 3, Tesla’s first car aimed at the mass market, was unveiled by Tesla CEO Elon Musk on Thursday.
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Shares of Spirit AeroSystems Holdings, Inc. (SPR) are lower by 2.14% to $45.36 in pre-market trading on Friday following a Reuters report detailing that Boeing (BA) is ending a supply agreement with Spirit AeroSystems, one of its largest suppliers, effectively taking away manufacturing of profitable spare parts used in aircraft repairs.
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BlackBerry Limited (BBRY) shares are down 6.50% to $7.59 in pre-market trading Friday after the company reported its fourth quarter earnings results.
The smartphone maker reported earnings of ($0.03) per share on revenues of $487 million, down 26.2% from a year ago. Analysts were expecting EPS of ($0.10) on revenues of $564.86 million.
For the year, the Waterloo, Ontario-based company reported that its loss narrowed to $208 million from $304 million, or $0.86 a share (diluted) vs. $0.58 on a YoY-basis. Revenue was reported as $2.16 billion. BlackBerry said it expects to grow software and services revenue at around 30%.
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Facebook (FB) — In a note to clients yesterday, Cantor Fitzgerald’s Youssef Squali said the social networking giant could rake in $7 billion in Virtual Reality revs in FY2020.
The analyst has a ‘Buy’ rating on Facebook shares, and a $140 price target.
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