Check out the companies making headlines in midday trading.
At the widely-anticipated event, CEO Elon Musk gave manufacturing and production updates that included a more than 50% reduction in the cost of batteries, as well as a $25,000 vehicle. But both are a few years out, and Wall Street analysts noted that execution risk remains a concern.
– Shares of the online clothing styling company plunged more than 16% after a wider-than-expected loss during the fourth quarter. The company lost 44 cents per share, compared with the 16-cent loss analysts surveyed by Refinitiv expected. Revenue, however, topped estimates, and active clients rose 9% year over year.
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