(Updates from 2:41 p.m. ET with closing information.)NEW YORK ( TheStreet) -- Tesla Motors (TSLA - Get Report) shares rose 16.51% to $44.15 after the company announced its Model S sales exceeded initial targets.
Apple (AAPL - Get Report) shares fell 1.78% to $434.80 as CEO Tim Cook apologized to Apple's Chinese customers over the company's warranty policies in the country. "In the past two weeks, we've received a lot of feedback regarding repair and warranty issues in China. We have carefully reviewed these together with the company's 'Three Guarantees' and have also looked closely at our maintenance policy and management specifications for authorized Apple Service Providers. We are aware that flaws in our external communication have led to the appearance of arrogance and a lack of concern for customer feedback. We express our sincere apologies for any concerns or misunderstandings this gives consumers," Cook wrote in the letter posted on Apple's Chinese-language website. The letter talks about an improved iPhone 4 and iPhone 4S repair policy, providing concise, clear information regarding the official repair and warranty policies on Apple's Web site, improving supervision of training of Apple Authorized Service Providers and improving related issues to ensure consumers can easily contact Apple Feedback Service.
eBay (EBAY) shares rose 3.54% to $56.14 after the company received a slew of analyst upgrades and price target raises Monday, following the company's investor meeting last week.