Stocks moving in after hours: Tesla, IBM, ServiceNow, Levi Strauss, L.V. Sands

Yahoo Finance Live's Dave Briggs and Seana Smith look at several stocks trending in the after-hours trading session.

Video Transcript

- All right. Let's take a look at what is trending after hours. First up, let's take a look at Tesla. Those results pushing the stock up to the upside here after hours, up just about 1%. Taking a loot at some of those numbers here, it was actually a pretty strong quarter for Tesla. Some of the commentary from Tesla just about where they see deliveries going, their long term delivery growth target there, reaffirming the fact that they will be able to meet that 50% target. That was, of course, a huge headline coming out of that report. Also remaining on track to start production of its Cybertruck later this year.

Some other headlines crossing right now that Tesla did enter into a credit pact on January with Citibank. The pact provides for a revolving credit line of up to 5 billion commitments for up to an added $2 billion going forward. Lenders also include Deutsche Bank there. So, again, Elon Musk's Tesla there slightly beating on revenue estimates here. And you're seeing that stock pop after hours, Dave.

- Net income and revenue up 59% and 37% respectively from a year prior. Imagine what this company would do without the Twitter overhang, without thinking about the personality of the CEO and founder before buying a car. Boy, it'd be a lot like SpaceX, a true rocket ship.

- It certainly would be. All right, let's take a look at IBM. That company also reporting after the bell. You're looking at the stock under pressure, off just about 2%. They did beat on the top and bottom lines. Revenue of 16.69 billion. EPS of $3.60. Another big headline coming out of this report, the fact that the company is cutting 3,900 jobs. So, Dave, just the latest tech company there to announce job cuts.

- Yeah. Daniel Newman joined us earlier. And the big question has been for years this total overhaul, turnaround of IBM. It has been like turning around a giant gas tanker. And it's cost them $120 billion estimated dollars. But Daniel Newman told us he thinks that transition is finally complete. You're seeing the upside.