Diamonds and Dogs
Oil may keep going lower if the cars from today's diamond become main stream. Tesla (TSLA) jumped 3% to a new six month high after debuting their new Model 3 car with a starting price of $35,000. The good news is the company is taking preorders for these cars with only a $1000 down. After one day, the company has raised $198,000. The bad news is the new reservation holders may not get their cars for three or maybe even four years while also potentially missing out on a federal tax credit that expires after Tesla sells 200,000 cars. Crazy times.
Crackberry no more. Before iPhones, today's dog was the top cell phone maker. BlackBerry (BBRY) dropped 7% today after a disappointing quarterly report. Revenue came in at $487 million well below analyst expectations of $563.18 million. At insult to injury, even Facebook won't support BlackBerry's operating software. That won't be good for sales.The company's new models will operate on Android software with the hopes that the phone could possibly revitalize a once great brand.