Here are the stocks we’re tracking today:
Tesla (TSLA) shares are sinking after Jefferies initiated coverage at underperform, telling clients that Tesla will lose a quarter of its value. Jefferies analysts note that the electric car maker won’t be able to scale up as quickly as anticipated, setting a 12-month price target of $280, 27% below Monday’s close.
Amazon (AMZN) announced that its web services will soon start charging customers by the second, rather than the hour, for use of its popular EC2 cloud computing service.
The e-commerce giant also announced a partnership with Kohl’s (KSS), in which certain merchandise bought from Amazon.com can be returned at Kohl’s stores.
Finally we’re watching Equifax (EFX) — the bad news keeps coming for the credit reporting agency. Equifax reportedly faced a breach of its computer systems in March, months before it previously admitted, according to Bloomberg. The stock is off about 1.75% on the news.
For more on today’s big movers, make sure you check out the Final Round, live at 3:55 p.m. ET, right here on Yahoo Finance.