Tesla stock slumps despite record quarter: CNBC After Hours

CNBC.com’s Pippa Stevens brings you the day’s top enterprise news headlines. On at the present time’s video display, Phil LeBeau breaks down Tesla’s file quarter and explains the criticisms of the electrical carmaker’s profitability model. Plus, Yun Li dives into GameStop’s $550 million stock sale.

Tesla posts file find earnings of $438 million, revenue surges by 74%

CEO Elon Musk’s electrical automobile enterprise reported in the first quarter automobile deliveries of 184,800 Model 3 and Model Y vehicles, beating expectations and environment a file for Tesla. Nonetheless, the firm also mentioned it produced none of its increased-spoil Model S sedans or Model X SUVs for the length ending March. It delivered 2,020 older Model S sedans and Model X SUVs from stock.

On Monday’s earnings name, Musk mentioned the unusual model of the firm’s Model S sedans will in the spoil be dropped at customers beginning in Would possibly per chance possibly well well 2021, with Model X deliveries to initiate in the third quarter of the yr. Musk and CFO Zachary Kirkhorn each mentioned offer chain concerns tend to stay a discipline for Tesla this yr.

GameStop shares jump after the Reddit well-liked raises $551 million in stock gross sales

GameStop’s stock put climbed on Tuesday after the video game retailer mentioned it bought 3.5 million extra shares, elevating $551 million to tempo up the firm’s e-commerce transformation.

The stock, appreciated by the Reddit retail Trading crowd, jumped extra than 5% on Tuesday after gaining as regards to 12% at some stage in Monday’s typical Trading hours. Shares are up as regards to 850% this yr.

GameStop announced the “at-the-market” stock offering first and fundamental of April, which used to be considered as a capability to capitalize on its latest head-turning rally that made Wall Road historic past.

CDC says fully vaccinated of us can exercise, encourage exiguous gatherings inaugurate air with out masks

The Products and companies for Illness Regulate and Prevention revised its public well being steering Tuesday, asserting fully vaccinated of us can exercise and encourage exiguous gatherings inaugurate air with out sporting a face hide.

Of us two weeks removed from their final vaccine can exercise by myself or with other household members out of doors with out a face overlaying, the CDC mentioned. They’ll also meet inaugurate air with a exiguous team of other fully vaccinated of us, or a combination of fully vaccinated and unvaccinated of us, the agency added. The steering did now not yell what counts as a exiguous gathering.

Dining unmasked at an outdoors restaurant with buddies from a couple of households is also acceptable, in step with the CDC.

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