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 Tesla Inc on Thursday unveiled its electric pickup, a truck with a futuristic angular body in gunmetal gray that resembled an armored vehicle and takes aim at the heart of Detroit automakers' profits.
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SPLK earnings call for the period ending September 30, 2019.
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 (Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk took to the stage late Thursday to reprise a familiar role: pitching a future vehicle to a throng of adoring fans. This time, it was the "Cybertruck" -- his name for Tesla's new electric pickup.The angular vehicle, which has a stainless-steel skin, starts at $39,900 and will come in three variants, Musk told a packed audience in Hawthorne, California. Customers can order the truck with a deposit of just $100, though production "nears in late 2021," Tesla said on its website.After a "Blade Runner"-inspired introduction, Musk had Tesla's long time chief designer, Franz von Holzhausen, smash the truck's steel exterior with a sledgehammer, showing that it did not dent.But it was the second demonstration, of "Tesla armor glass," that was the real show stopper: von Holzhausen unintentionally shattered two of the truck's windows with a metallic ball, causing Musk to say "Oh my f---ing god." Given how product launches are usually scripted and rehearsed, the broken windows were the evening's big surprise.Tesla shares fell as much as 3.2% to $343.55 pre-market in New York. The stock was up 6.6% this year through Thursday's close.The evening began with a slide show of standard pickup trucks throughout the years, and Musk's vow to make something different that runs on sustainable energy."You want a truck that's really tough, not fake tough," Musk said, in what seemed to be a veiled swipe at Ford Motor Co.'s slogan. "A truck you can take a sledgehammer to th
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Global stocks inched up on Friday, lifted by China's renewed offer to work out a trade pact with Washington, but gains were limited by uncertainty over how the 16-month-old trade war plays out and how much it may undermine the world economy.
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 Facebook Inc has
agreed to turn over additional documents after the California
state attorney general's office went to court this month to
compel the social media firm to comply with requests for
information in its privacy investigation.
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Next Coast Ventures has wasted no time hauling in capital for its second fund after reaching a $130m final close for the vehicle.
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Commerzbank's chief
executive criticised the U.S. administration for unilateral
dealmaking on Friday and called for Germany and Europe to "stick
to our principles".
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 Shares of Ross Stores Inc. rose 2% in the extended session Thursday after the retailer reported third-quarter profit and same-store sales above expectations. Ross said it earned $371 million, or $1.03 a share, in the quarter, compared with $338 million, or 91 cents a share, in the same period last year. Sales rose to $3.8 billion, compared with $3.5 billion a year ago. Comparable-store sales rose 5% on top of last year's gain of 3%, Ross Stores said. Analysts polled by FactSet had expected earnings of 98 cents on sales of $3.8 billion. The analysts had expected same-store sales 2.8% higher. As the holiday season begins Ross is "up against multiple years of strong comparable-store sales gains," and "another fiercely competitive retail landscape," Chief Executive Barbara Rentler said in a statement. "As such, while we hope to do better, we continue to project fourth quarter comparable store sales gains of 1% to 2% versus a 4% increase last year." Ross kept its fourth-quarter EPS guidance between $1.20 and $1.25 and said it expects fiscal 2019 EPS between $4.52 and $4.57, up from $4.26 in fiscal 2018. Shares of Ross had ended the regular trading day up 1.2%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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BZUN earnings call for the period ending September 30, 2019.
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Facebook Inc has agreed to turn over additional documents after the California state attorney general's office went to court earlier this month to compel the social media firm to comply with requests for information in its privacy investigation.
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 Volkswagen has been one of the strongest performing automakers in China this year, having launched eight locally produced SUVs since the last quarter of 2018.
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Panasonic Corp has no
plans to build a new battery plant for Tesla Inc in
China, the Japanese company's chief executive said, as it
struggles to make money from its existing battery business with
the electric vehicle (EV) maker.
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Gap Inc edged past lowered expectations for quarterly profit on Thursday and reiterated its plan to separate Old Navy from the namesake brand, days after the retailer cut its annual forecast and replaced longtime chief executive officer.
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A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc's planned $26.5 billion takeover of Sprint Corp .
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