Tesla Inc. (TSLA) has been talking with Swiss photovoltaic cell manufacturer Meyer Burger, according to a note from Axiom Capital Research, about a partnership between the two alternative energy companies.
The firm's industry checks turned up rumors of a meeting between the CEOs of the two companies with Tesla showing interest in purchasing the manufacturing equipment that uses Meyer Burger's heterojunction ("HJT") solar cell technology.
If done on a mass scale, the potential partnership could slash the price of manufacturing the photovoltaic cells to 50% below that of the competition, according to the note.
Tesla shares fell 1.1% to $325.90 early Thursday afternoon.
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How can we argue with this one: Shark Tank Star Kevin O'Leary is more fond of Tesla's product than its stock.
"At some point it has to fall to gravity," he said told TheStreet's Scott Gamm in an interview. "It's been trading on a different planet for years and now it has to trade on Earth." Amen.
Relax Apple stock bulls: For now, reports suggest a moderate delay in the Apple (AAPL) iPhone 8 ramp, rather than something more severe points out TheStreet's Eric Jhonsa. So far, the market has shrugged off concerns on a possible delayed iPhone 8 release (as in it misses the holiday launch window). But it's worthwhile to keep something in mind: Apple shares have lagged the S&P 500 over the past month, so some doubt may be trickling into the bull camp.
This beverage executive just went off the rails: Hat tip to TheStreet's Lindsay Rittenhouse for an insightful interview with SodaStream's (SODA) CEO Daniel Birnbaum, who pulled no punches in his views on PepsiCo (PEP) and Coca-Cola (KO) .
Said Birnbaum on why his company's stock has surged this year:
The company is addressing mega trends - health and wellness, convenience, consumer choice and good, important values. We have the right product at the right time. Our competition is prehistoric and that might explain the success we've seen around the world, particularly in Japan, New Zealand, Canada, Germany, Norway, all over the world. This is not a local phenomenon. This is a global mega trend. We're looking to embrace a sustainable world for our children to live in.
Birnbaum didn't shut the door on making acquisitions, either.
OK Target, we see you: It looks like shoppers are noticing some more deals scattered about Target TGT stores.
The discount retailer, which has sought to slash prices this year to better compete with rivals Walmart (WMT) and Amazon (AMZN) , said Thursday its second quarter results would come in above the high-end of its estimates for 95 cents a share to $1.15 a share. Target credited improved traffic and sales trends through the first two months of the second quarter.
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Watch more Tesla news on TheStreet:
- Tesla's New Model 3 and Its Key Specs
- Tesla CEO Elon Musk Is a Modern Day Michaelangelo, Shark Tank Star Kevin O'Leary Says
- The Clock Is Ticking for Tesla's $50 Million Big Battery Bet
- Toyota's CEO Perfectly Reveals Why He's Not Worried About Tesla's Model 3
- Here Is Why Jim Cramer Thinks Tesla Is a Cult Stock
- Elon Musk Details Two New Tesla Models