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Non-Tech : Kirk's Market Thoughts
COHR 185.12+4.0%3:59 PM EST

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To: Kirk © who wrote (6948)4/6/2019 9:38:06 AM
From: Investor2  Read Replies (2) of 27015
 
Tesla Inc. (TSLA $275) was again in the news after a federal judge gave CEO Elon Musk and the Securities and Exchange Commission (SEC) two weeks to resolve their differences, delaying a request from the SEC to hold Musk in contempt for allegedly violating a securities fraud agreement made with the agency back in October. The hearing came about after a February tweet about the company's production forecasts, to where the settlement with the SEC prohibits Musk from using Twitter without first obtaining company review and approval. Yesterday, TSLA came under heavy pressure after the electric automaker announced that due to lower-than-expected delivery volumes for Q1 and several pricing adjustments it expects net income for the period to be negatively impacted. Shares traded higher.
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