After the start of the year that Tesla stock has had, first-quarter deliveries better beat Wall Street expectations. Shares of Tesla (ticker: TSLA) ended the first quarter up more than 68%, its best-ever Q1 performance. In second place: the first quarter of 2012, when shares rose 30.4%. The first quarter of this year is the … Read more
Virgin Orbit Holdings (ticker: VORB) fell 42.6% to about 20 cents after its aerospace launch said it would cut 85% of its workforce. The job cuts occurred “in light of the company’s inability to raise meaningful funding,” according to a filing. Virgin Orbit has been trying to raise additional funding since mid-March and has suspended … Read more
UBS (UBS), the bank that bought Credit Suisse for about $3 billion, fell 0.9% after being downgraded from Buy to Hold by Jefferies analysts. Activision Blizzard (ATVI) rose 5.9% after Britain’s Competition and Markets Authority said it was no longer concerned that Microsoft (MSFT) would use its $68.7 billion deal to snag the video game … Read more