Elon Musk was hitting headlines again in pre-market trade and this time it's all about a farting unicorn.
Yes, you did read that right...I'm afraid.
The Tesla (NASDAQ:TSLA) boss is now embroiled in a copyright row with a Colorado artist.
Artist Tom Edwards created the image of a unicorn powering an electric car with its own gas eight years ago, and put it on ceramic mugs that he sells.
The image has now appeared as an app icon on the Tesla console screen, and again appeared on the group's annual Christmas card last year.
Edwards has been quoted as saying that he's not seeking a "ton of money" just to be paid "adequately".
Musk was quoted as saying: "We gained no financial benefit. Have asked my team to use a diff example going forward. He can sue for money if he wants, but that’s kinda lame. If anything, this attention increased his mug sales."
Tesla shares are today up 1.06% to US$353.65 each in pre-market deals.
To the big banks, and Wells Fargo & Co (NYSE:WFC) shares are up 3.71% before the bell to US$55.62 each after the US Fed announced which banks had passed or failed their annual stress tests.
The company said it would raise its quarterly dividend by 10% to US$0.43 and announced a stock buyback of US$24.5bn.
Of the big players Wells Fargo, Citigroup Inc (NYSE:C), shares up 1.99%, Bank of America Corp (NYSE:BAC), shares up 1.43%, and J.P. Morgan Chase & Co (NYSE:JPM) (shares up 1.70% in pre-market) all received approval for their capital return plans.
Meanwhile, Constellation Brands Inc (NYSE:STZ), the Corona beer maker, saw shares sink 4.10% to US$222.80 before the bell as its first quarter earnings fell short of first-quarter estimates, while revenue was largely in line.
Meanwhile, Nike Inc (NYSE:NKE) shares surged over 10% to US$78.90 before the bell after it unveiled fourth-quarter earnings, which smashed through analyst estimates on earnings and revenue.
The running shoe and clothing giant reported earnings of US$0.69 per share on revenue of US$9.8bn compared with US$0.60 EPS (earnings per share) on revenue of US$8.68bn in the previous year’s fourth quarter.