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.
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.
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%.
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.