Tesla Inc. (NASDAQ: TSLA) is tweaking its proposal for the Berlin manufacturing facility in a way that will both please environmental activists and keep the production on time, a local government official said, as reported by Bloomberg on Thursday.What Happened "We expect a proposal that in sum will be more environmentally acceptable and thereby even more approvable," Joerg Steinbach, the economy minister of Brandenburg, where the Tesla site is located, said in an interview, according to Bloomberg."I assume that within the first half of next year, cars will be rolling off the conveyor belt there."Steinbach said Tesla would propose new plans later this week that will address some of the concerns raised by local activists like reducing the use of fresh water and creation of waste water, Bloomberg reported.Why It Matters Hundreds of protestors had taken to the streets in Berlin earlier this year, and a lawsuit was filed against the company for causing harm to the environment.The automaker's Chief Executive Officer Elon Musk had countered the critics saying the net impact of the factory will be much greater than any environmental damage caused in the construction.Musk has previously stated that Tesla is hoping to roll out Model Y cars made at the plant in July next year.Tesla Price Action Tesla shares closed 0.16% higher at $882.96 on Wednesday, and the shares inched further higher at $883.12 in the after-hours session.See more from Benzinga * Tesla CEO Musk Says Other Three Officers Should Be Charged In Floyd's Murder Case * NASA Astronauts Launched By SpaceX Reach International Space Station, Celebrate Historic Moment * Nio CEO Says Tesla An Ally In Increasing Sales, Remains Bullish On Chinese EV Market Growth(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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During the week ending May 30th, another 1.877 million Americans filed for unemployment. Yahoo Finance’s Emily McCormick joins The First Trade to break down the details.

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Shares in Glu Mobile (GLUU) pulled back 3% in after-hours trading on Tuesday after the company announced that it intends to offer $100 million of its common stock in an underwritten public offering.In addition, Glu expects to grant the underwriters a 30-day option to purchase up to an additional $15 million of its common stock. All of the shares are being offered by Glu.Glu intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include potential acquisitions and strategic transactions.Goldman Sachs & Co. LLC, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the proposed offering. Cowen, Wedbush Securities and Roth Capital Partners are acting as co-managers.The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering, GLUU said.Shares in GLUU have exploded 65% year-to-date, and analysts have a cautiously optimistic Moderate Buy consensus on the stock with 7 recent buy ratings, 1 hold and 1 sell. Meanwhile the average analyst price target stands at $10, for upside potential of 5%. (See Glu stock analysis on TipRanks).Indeed, on May 28, GLUU announced an increase to prior Q2 guidance based on ongoing momentum across its live game portfolio, and the Q2 bookings and adjusted EBITDA raises were passed through to FY:20 guidance.“We continue to remain encouraged by these trends helping to strengthen GLUU’s bookings base, ahead of multiple growth catalysts still on the horizon for 2H20/FY21” stated Roth Capital’s Darren Aftahi on May 29 as he praised the company’s ‘diversified game portfolio.’Related News: Lyft Rises 5% After-Hours On Strong May Performance Zoom Lifts Full-Year Sales Guidance As Quarterly Revenue Balloons 169% Carl Icahn Initiates Position in Delek US Holdings, Boosts Occidental Petroleum More recent articles from Smarter Analyst: * 3 “Strong Buy” Penny Stocks That Could See Outsized Returns * Amazon Is Mulling To Buy $2 Billion Stake In Indian Telecom Bharti Airtel * Southwest Airlines Prices Two-Tranche $1.8 Billion Debt Offering * AstraZeneca Partners With Accent To Develop Novel Cancer Treatments

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