Why Viacom, Facebook, Tesla, and Two Other Stocks are in Spotlight Today

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Tesla Motors Inc (NASDAQ:TSLA) shares are in the green after the company reported that it delivered around 24,500 vehicles in the third quarter, which included 8,700 Model X and 15,800 Model S. The deliveries are up by around 70% year-over-year and evidently better than the market’s estimates (hence the positive price action). In addition, around 5,500 vehicles were in transit to buyers, and won’t be counted as deliveries until the fourth quarter. Tesla maintains its previous guidance of 50,000 vehicles for the second half of 2016. A total of 36 funds from our database were long Tesla Motors Inc (NASDAQ:TSLA) at the end of June, down by three funds from the previous quarter.

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Last but not least, Chevron Corporation (NYSE:CVX) is trending after the Wall Street Journal reported that ‘a number’ of Japanese and Indonesian companies are considering bidding for Chevron’s geothermal assets in Indonesia, which could bring in around $2 billion to the super-major, according to some analyst estimates. Overall, Chevron is considering divesting around $5 billion of its non-core assets in Asia and $10 billion globally to improve its balance sheet and to shore up its cash flow. Ken Fisher’s Fisher Asset Management owned 3.66 million shares of Chevron Corporation (NYSE:CVX) at the end of June.

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Disclosure: none


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