Tesla rallies, Alibaba surges, Fitbit gets crushed

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Telsa (TSLA) shares got a nice pop in early trading. The luxury electric car maker lost less money than analysts' were expecting in the first quarter...while revenue matched estimates with sales jumping nearly 46% from a year ago to $1.6 billion. Tesla plans on revving up production of their Model 3 sedan in order to have 500 thousand cars built in 2018. That would put them two years ahead of schedule.

Fitbit (FIT) posted stronger-than-expected earnings and revenue for the first three months of the year, with sales soaring 50% from a year earlier. The company provided a weaker-than-expected forecast for the current quarter as it continues to increase spending on research and development, as well as marketing of new products.

Alibaba (BABA) reported a miss on profit for its fiscal fourth quarter, but revenue blew past estimates with sales rising nearly 39% to $3.7 bllion as more shoppers flocked to its platforms and it saw a big jump in its cloud business. Our parent company Yahoo has a 15% stake in Alibaba. 

Synacor (SYNC) shares surged in early trading after AT&T (T) ended a 15-year hosting partnership with Yahoo (YHOO) and awarded Synacor a portal services contract that could bring in about $100 million dollars a year in revenue beginning in 2017. Yahoo is the parent company of Yahoo Finance.

Tribune Publishing (TPUB) are in focus this morning after the owner of The Los Angeles Times and The Chicago Tribune rejected Gannett's (GCI) $815 million dollar unsolicited takeover offer late yesterday, saying "it undervalues the company and it's not in the best interests of its shareholders."