Tesla Falls After Toyota Reduces Stake; Twitter Tops Wall Street's Estimates
Stocks end the day mixed, with the Dow and Nasdaq slightly up and the S&P 500 slightly down. Tesla (TSLA) fell 5.8% today after Toyota (TM) reduced its stake in the electric car maker. Toyota first invested in Tesla in 2010 for around $50 million; a Toyota spokesman also stated that the company would not be releasing any more details regarding its current stake in Tesla or the deal in general. Twitter (TWTR) released their Q3 earnings report, beating Wall Street's estimates on many fronts.Analysts expected Twitter to make only $351.4 million in revenue, but Twitter reported revenue of $361 million. Twitter was also right on target on EPS, earning the expected 1 cent per share.
Word on the Street
- What to expect this week from Wall Street.
- Toyota (TM) reduces stake in Tesla (TSLA).
- 6 stocks with plenty of room to run.
- More companies reject Apple (AAPL) Pay.
- Investors anxiously await Twitter's (TWTR) earnings report.
- Chiquita (CQB) will be sold for $681M.
- Sarepta Therapeutics (SRPT) delays filing for Muscular Dystrophy drug.
Published on Oct 27, 2014By InvestorGuide Staff