Musk's electric vehicle startup, Tesla Motors Inc , on Wednesday posted its eleventh straight quarterly loss, when analysts had expected a profit. Tesla also said it planned $1.5 billion in capital spending this year but had just $1.2 billion in the bank. Investors focused instead on Musk's promises to make Tesla profitable this year and to deliver 60 percent to 80 percent more vehicles than last year.
Shares of online travel companies Expedia and TripAdvisor jumped Thursday following solid earnings announcements, as investors bet on the boost to leisure tourism from cheap oil. Expedia chief executive Dara Khosrowshahi cited the benefit of cheaper airfares as a boon to the online travel industry, helping to offset the ills from the November Paris attacks, as well as the drag from the sinking stock market. "The more leisure travellers we have flying, the more opportunity we have to sell hotels and insurance and cars and everything else to them," Khosrowshahi said.