Feb 22, 2017

Tesla shares up on hopes of big mass-market model sales

Christopher Matthews

Tesla announced a big earnings miss after the close on Wednesday, posting a loss of $0.78 per share vs. expectations of $0.56 per share. Nonetheless, investors bid the stock close to 2% higher in after hours trading, on promises of accelerating production of its newest car, the Model 3, which Tesla is aiming at the mass market with a starting price of $35,000.

Why it matters: Tesla is being valued at levels close to established automakers like Ford and GM. Investors are betting on the Model 3 to justify that price, and CEO Elon Musk gave them what they were looking for by pledging to meet its commitment to begin delivering the car to customers later this year.

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Eileen Drage O'Reilly

Repatriated American citizens have doubled coronavirus cases in U.S.

Face mask discarded outside the Diamond Princess cruise ship. Photo: Tomohiro Ohsumi/Getty Images

The official number of confirmed cases of the novel coronavirus in the U.S. just doubled — to 34 — but public health officials are pointing out that these are mostly people who've been repatriated.

Why it matters: As concerns grow about a global pandemic, officials from the Centers for Disease Control and Prevention want to make sure the message gets out: "We are not seeing community spread here in the United States," Nancy Messonnier says.

Go deeperArrow1 hour ago - Health
Neal Rothschild

Bernie opens up massive lead among college students

Data: College Reaction; Note: ±3.4 margin of error; Chart: Axios Visuals

In the last two months, Bernie Sanders has surged 20 points among college students to become the group's clear 2020 favorite, according to a new College Reaction/Axios poll.

Why it matters: The numbers reflect the extent to which young Democratic voters are embracing socialism and rejecting moderate choices.

Go deeperArrow1 hour ago - Politics & Policy
Axios

Situational awareness

Photos: Jeff Kowalsky/AFP via Getty Images; Alex Wong/Getty Images

Catch up on today's biggest news:

  1. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  2. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  3. Trump misrepresents 2020 Russia briefing as Democratic "misinformation"
  4. Bernie Sanders takes aim at Bloomberg: "Trump will chew him up and spit him out"
  5. Nearly half of Republicans support pardoning Roger Stone
  6. Scoop: Lyft acquires cartop advertising startup Halo Cars
Keep ReadingArrowUpdated 2 hours ago - Politics & Policy