Investors can't seem to get enough of Elon Musk, but the Tesla CEO's announcement failed to generate much excitement on Monday.
Will publish Hyperloop alpha design by Aug 12. Critical feedback for improvements would be much appreciated.—
Elon Musk (@elonmusk) July 15, 2013
Musk has been talking about the hyperloop, an idea for a rapid transportation system, for about a year now, but details have thus far been limited. At the recent D11 conference in May, he said that it would be three or four times faster than a bullet train, would never crash, and is immune to weather.
While a design could reveal a lot more about Musk's idea, the announcement didn't seem to capture the attention of investors. Shares of Tesla (TSLA) opened at a all-time high but quickly fell into the red. That's fairly rare for Tesla's stock, which has nearly quadrupled in value just this year.
Traders on Stocktwits, where Tesla is a fan favorite, were particularly critical.
To be fair, the 10-year old Tesla did report its first ever quarterly profit in May, and blew past analyst expectations. But analysts aren't expecting another quarter in the black. Tesla is on tap to report results next week and is forecast to deliver an 82% drop in earnings per share for the second quarter.
Some traders suggested that investors may be taking a step back before next week's earnings news, given that Tesla has been on such a solid streak.
But others don't think Tesla needs any kind of break. Citing the recent rise in gas prices, they think electric cars are looking even more attractive.
With stocks back in record territory, investors are getting greedy again.
CNNMoney's Fear & Greed Index shot back into Greed mode Thursday for the first time since late May, as the Dow and S&P 500 rallied above their record closing highs from May, and the Nasdaq climbed to its highest level since October 2000.
The return of the bull comes as investors have started feeling more confident about future policy decisions from MOREHibah Yousuf - Jul 11, 2013 2:42 PM ET
Tesla is on a roll.
Shares of the electric car maker rallied to a new high Tuesday, just days before the company is set to report its first profit ever.
Tesla (TSLA) offered up a preview of that report earlier this month, saying sales of its all-electric Model S were exceeding expectations.
The Model S is a full-size, four-door luxury sports sedan. While it was unveiled in 2009, it wasn't available until last MORECatherine Tymkiw - Apr 30, 2013 11:12 AM ET
What a difference a month makes.
Redbox parent Coinstar (CSTR) was being dragged through the mud last month after it issued a much weaker-than-expected outlook for the first quarter.
But guess what? Redbox really came through. Coinstar reported earnings per share that trumped forecasts by a wide margin.
Revenue fell short of forecasts and Coinstar's operating margin declined,but Redbox gained market share and its revenue rose 1% as the company added new MORECatherine Tymkiw - Apr 26, 2013 11:39 AM ET
Safeway's (SWY) stock looks unsafe at any speed today. It's down more than 15% after the company reported quarterly results.
Supermarkets are notoriously challenging businesses. Take Whole Foods (WFM) out of the equation and nearly every grocery store struggles to generate healthy profit margins. Competition is tight within the industry, and then there's Wal-Mart (WMT). The big box retailer wants to eat every supermarket's lunch, dinner and breakfast.
Safeway's sales dipped during the latest quarter MOREMaureen Farrell - Apr 25, 2013 2:38 PM ET
Instead of using its own cash hoard to reward shareholders, Apple plans to go into debt for the first time ever.
Apple CEO Tim Cook said late Tuesday that the company will double the amount it returns to shareholders through share buybacks and dividends by 2015, but will "access the debt market" to pay for it.
Borrowing money seems odd for a company like Apple (AAPL), which has $144 billion in cash. But more than MOREHibah Yousuf - Apr 24, 2013 2:47 PM ET
Bed Bath & Beyond got a boost Thursday after the home goods retailer reported stronger-than-expected revenue.
While earnings were in line with forecasts, investors cheered the sales figures. Net sales rose nearly 25%, while same store sales -- a key metric of consumer spending -- nudged up 2.5%
Shares of Bed Bath & Beyond (BBBY) rallied more than 4% Thursday before pulling back.
Some of the retreat could be due to MORECatherine Tymkiw - Apr 11, 2013 2:32 PM ET
Anyone can reinvent themselves as the saying goes. While Cisco has been doing just that, some think it's gotten a little too ambitious.
FBR Capital Markets analyst Scott Thompson downgraded the stock Thursday to underperform and slashed his price target to $17 from $22.
"We expect it may take longer than management expects to create organic software growth that is able to offset declining core routing and switching revenues," said Thompson in his MORECatherine Tymkiw - Mar 21, 2013 1:49 PM ET
For the first time this year, investors took money off the table.
According to the latest data from the Investment Company Institute, investors pulled $1.13 billion from U.S. stock mutual funds during the week ended Feb. 27. That's the first time investors took money out of stocks this year, and it came just days before the Dow hit a record high.
But that doesn't mean the tide has turned. One week of MORECatherine Tymkiw - Mar 6, 2013 1:05 PM ET
After taking money off the table toward the end of 2012, individual investors came back with a vengeance in January, adding a record $80.6 billion to their mutual fund holdings, according to the Investment Company Institute.
Investors added nearly $38 billion to stock funds during the month, with a little more than half of that flowing into international stocks.
Nearly $33 billion, or 41% of the total monthly inflow, went into MOREHibah Yousuf - Feb 27, 2013 3:43 PM ET
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