Despite accounting for about a fifth of Tesla's revenue or around $2 billion, China merited few mentions in Chief Executive Officer Elon Musk's earnings calls until recently. Since January last year, the U.S. company has exported around 18,000 cars to China, according to Bloomberg Intelligence data.
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Check out the companies making headlines after the bell: Shares of IBM plunged over 5 percent in extended trading. The information technology company reported first-quarter earnings and revenues that surpassed analyst estimates.
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Tesla Inc. will begin around-the-clock production at its Fremont, California, assembly plant to boost Model 3 output, chief executive officer Elon Musk told employees. The electric-car maker will try to build 6,000 of the sedans a week by the end of June, Musk wrote in an email Tuesday first obtained by the
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Facebook Inc. is starting to comply with new privacy rules in Europe. And then, to get ahead of scrutiny everywhere else, the company said it will provide the same protections to the rest of its 2 billion users.
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Facebook is embroiled in a data scandal, Snapchat is laying people off, and Twitter is regularly overrun by trolls. Yet, Instagram becomes more popular by the day. That's only part of the reason the recent CornellTech@Bloomberg talk, featuring Eva Chen, Instagram's head of fashion partnerships, was
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