Tesla Motors CEO Elon Musk reacts after the company’s initial public offering on the NASDAQ market in New York on June 29, 2010
Brendan McDermid | Reuters
Check out the companies that make headlines after the bell:
Tesla: Auto maker shares rose 1% in extended trade. Tesla shares were up 13.5% and hit a new high on Monday by JMP Securities projection that the company will generate $ 100 billion in annual revenue by 2025.
Red Rock Resorts – Red Rock Resorts fell more than 1% in extended trading. The company said Saturday that Red Rock Resorts President Richard Haskins died in a water accident on July 4 and that he will launch a succession plan in the coming days. The drop also follows a trend of declining stocks in US casinos out of investor concern that property closings will continue in the coming weeks due to the coronavirus pandemic.
Inovio Pharmaceuticals: Inovio shares fell 1% after market close. Shares of the pharmaceutical company have declined since last week when it announced positive results for its coronavirus vaccine clinical trial. After the launch, the medical news site Stat said the company did not provide the critical data necessary to assess its value.
Fitbit: Fitbit shares are unleashed in extended trading. Regulators in the European Union are reviewing the $ 2.1 billion acquisition of Fitbit from Google, with continuing concerns about how Google might use the personal data of Fitbit users and dominate the market.
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