Why Nvidia Stock Just Crashed

A downgrade from R.W. Baird appears to be to blame for Nvidia stock suffering today -- but Baird isn't entirely to blame. Part of this is Nvidia's own fault. This morning, an analyst at Baird pulled his buy rating from Nvidia and downgraded the shares to neutral -- with a $225 price target that was below Nvidia's closing price from Friday. Read More...

American City Business Journals

Tesla Motors plans dealership, regional repair facility in St. Petersburg

Tesla Motors is planning to open a dealership and regional repair facility in St. Petersburg. The electric vehicle company plans to take over the former Kane’s Furniture liquidation center at 4601 34th St. N., according to documents filed with Pinellas County. Tesla plans to renovate the property to include the following: a 50,000-square-foot storage building for its vehicles a service center that ranges from 35,000 to 45,000 square feet an 8,000- to 10,000-square-foot portion dedicated to storing vehicle parts a 3,000-square-foot showroom The delivery bay will be located in the front of the building, facing 34th Street.

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