It’s Thursday, Feb. 13.
First, there's Tesla.
Tesla said that it will use the cash to shore up its balance sheet and will also use the cash for “general corporate purposes.”
Tesla CEO Elon Musk will be taking up around $10 million worth of stock from the sale.
And board member Larry Ellison will purchase around $1 million.
Goldman Sachs, which is leading the underwriting team, will have the option to buy an additional $300 million.
Then there’s the coronavirus.
China’s Hubei province announced 242 new deaths from Covid-19.
There are around 570 confirmed cases of the coronavirus in over 25 countries, with 59,000 cases in mainland China.
The U.S. confirmed its 15th case of the virus.
Airbnb announced that it’s suspending bookings for Beijing until May due to the coronavirus.
And, finally, Nvidia.
Analysts are looking for revenue to come in around $2.96 billion.
And Wall Street is expecting GAAP earnings of $1.34 per share, and non-GAAP earnings of $1.67 per share.
Some of the top things to watch, according to Real MOney contributor Eric Jhonsa include Cloud Demand, gamign GPU sales, workstation and automotive sales, margin growth, and of course, commentary around China and the Mellanox deal.
Jhonsa will be live-blogging the earnings after the bell.