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Added on the 03/10/2017 13:40:31 - Copyright : BANG Showbiz
Tesla's recently announced plan to sell up to $5 billion in shares. Wedbush analyst Dan Ives said this is "the smart move at the right time" for CEO Elon Musk and the rest of the company. On Tuesday, Tesla revealed it will offer shares "from time to time" with 10 banks serving as sales agents. The announcement comes as Tesla stock sits 667% higher year-to-date. The massive rally allows Tesla to "build up its treasure chest and capital-expenditure capabilities" while shares sit near record highs, Ives said. Business Insider reports that Tesla dipped as much as 1.7% in early trading on the news.
Alphabet's own smart home subsidiary Nest will be folding back into Google after two years of working as a standalone business.
Users on the Google Product Forums have reported that some problems with some of Google’s smart devices. It appears that these devices are crashing certain Wi-Fi networks. While the original complaints were limited to Google Home Max users, it has been reported that similar issues have been found to affect users of other Google products including Chromecast. 9to5 Google has reported that the company has now implemented a fix that should solve this problem across all affected devices.
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