The stock was down about 9% in after-hours action Monday. It lost 28% in the session after the last earnings report.
MarketWatch
Elon Musk’s Tesla pay package assailed by shareholder group
New York City’s investment chief and other key investors are urging Tesla Inc. shareholders to vote against Chief Executive Elon Musk’s $56 billion pay package and the reelection of board directors Kimbal Musk and James Murdoch.
FDIC Chair Martin Gruenberg to resign as pressure mounts
Federal Deposit Insurance Corp. Chair Martin Gruenberg says he will resign once the banking regulator finds a successor.
Ether price jumps ahead of SEC’s ETF decision as speculation on approval rises
Ether’s price jumped Monday afternoon, leading a rally for major cryptocurrencies three days before the U.S. Securities and Exchange Commission has to decide whether to approve VanEck’s application for a spot ether exchange-traded fund.
Peloton unveils convertible-debt refinancing, and its stock falls 8%
Ailing Peloton Interactive Inc. said late Monday it will issue convertible bonds as part of a debt swap, sending the fitness company’s stock 8% lower in the after-hours session.
Zoom bumps its longer-term outlook higher, but near-term forecast comes up short
Zoom Video Communications Inc. on Monday bumped its full-year profit and sales forecast higher, after reporting first-quarter results that beat Wall Street’s expectations, helped by a broader artificial-intelligence rollout across the video-calling platform’s products.
Wall Street strategists rush to revise their S&P 500 targets as stocks hit fresh records. Here’s what they see happening.
The stock market’s renewed record-setting rally has blindsided Wall Street’s top strategists, prompting many to swiftly revise their year-end S&P 500 targets in an effort to keep pace with a surge that has far exceeded expectations from earlier this year.
Oil prices finish lower, giving up early gains seen after death of Iran’s president
Oil futures settled lower on Monday, giving up early gains that had been tied to potential risks to global crude supplies following the death of Iran’s president in a helicopter crash and concerns about the health of Saudi Arabia’s king.
Apple has a chance to change investor minds
Apple’s hardware events are usually most exciting to investors. But this time, Wall Street is highly anticipating the company’s annual software preview.
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”