Why Imperva, Novatel Wireless, Tesla, and Two Other Stocks Are Making Headlines Today

Although some traders aren’t too optimistic that Tesla Motors Inc (NASDAQ:TSLA) will successfully merge with SolarCity Corp (NASDAQ:SCTY), CEO Elon Musk certainly isn’t giving up. He recently took to Twitter to give investors a preview on how Tesla could work together with SolarCity to deliver a better product. “Aiming for Oct 28 unveil in SF Bay Area of new Tesla/SolarCity solar roof with integrated Powerwall 2.0 battery and Tesla charger,” Musk said.

In addition, Tesla is also in the spotlight for recently filing a lawsuit to allow it to sell directly to consumers in Michigan. Given that Detroit is basically the capital of the status quo automakers, and the status quo strongly dislikes direct-to-consumer sales, it’s not surprising that Michigan has opposed Tesla’s direct-to-customer request so far. The number of funds from our database with holdings in Tesla Motors Inc (NASDAQ:TSLA) fell by three quarter-over-quarter to 36 at the end of June.

Yahoo! Inc. (NASDAQ:YHOO) is in the spotlight after it gave more details into one of the worst hacks in internet history. According to the company, what is likely a state-sponsored actor stole information associated with at least 500 million user accounts in late 2014. That information may have included names, telephone numbers, date of birth, and hashed passwords. Additionally, the company that agreed to buy Yahoo’s internet assets, Verizon Communications Inc. (NYSE:VZ), said that it became aware of the security breach just in the past two days. Currently, Verizon isn’t commenting on what it will do with the new information.

“We will evaluate as the investigation continues through the lens of overall Verizon interests, including consumers, customers, shareholders and related communities. Until then, we are not in position to further comment,” Verison said.

Among the funds we track, 81 and 52 funds were long Yahoo! Inc. (NASDAQ:YHOO) and Verizon Communications Inc. (NYSE:VZ), respectively, at the end of the second quarter.

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