Tesla's stock is on a roll following the electric car company's blockbuster first quarter.

As of about 9:15 a.m. PT Thursday, shares had already risen almost 25 percent in trading, reaching close to $70 apiece.

Investors were clearly geared up by Tesla's first-quarter results, in which the company reported a profit of $11 million, its first time in the black since it launched 10 years ago. The company also witnessed an 83 percent jump in revenue, which hit $562 million.

Some Apple talk may also have aroused investor interest.

In an interview with Bloomberg published … Read more

Plenty of people are outraged that Adobe is moving to subscription plans and scrapping perpetual licenses. But should they be?

To shed some light on the situation, CNET broke out the spreadsheet software, dug into pricing information from Adobe and retail outlets, and put together some actual comparisons to see whether that wrath is deserved.

The answer, as with all things complicated, is that it depends. But at least in some reasonable situations -- not just power users but also middle-end customers who upgrade to Adobe's latest releases -- the Creative Cloud isn't a bad deal at all. … Read more

A Morgan Stanley note to investors adds to the mounting evidence of new iPhones coming in the fall.

In a research note on Wednesday titled, "Systems and PC Hardware Asia Trip Takeaways Part I," Katy Huberty of Morgan Stanley said new iPhones appear to be on the way.

"Multiple new iPhone SKUs begin production in Jun/Jul, on track with the Sept launch we model," she wrote in a note sent to investors and obtained by CNET.

That's not exactly breaking news -- as speculation of new iPhones has been rife -- but the fact … Read more

Facebook's engineers like Google's WebP and want Mozilla to build support for the image format into the Firefox browser.

Google hopes to speed Web performance with the image format, which can do the job of both of today's major graphics formats, JPEG and PNG. Facebook began testing WebP support in April.

And now it looks like the powerful company has become Google's biggest ally in the effort to promote WebP. Mozilla is deciding whether to reverse its earlier opposition to WebP, and Facebook programmer Bryan Alger on Wednesday encouraged Firefox developers to do so in a … Read more

Analysts are upbeat about Intel's new mobile chip design due later this year. That could mean a much-needed boost for Windows 8 tablets -- where many of those chips will land.

Imagine this: an ultraslim, light tablet with roughly twice the performance of any Atom-based Windows 8 tablet on the market now. (And that's the full version of Windows, not Windows RT.)

That could happen in the second half of this year.

So think of Windows Blue (or Windows 8.1) products similar to Samsung's 0.38-inch thick ATIV Smart PC 500T Tablet or Dell's 0.… Read more

Microsoft's strategy to push both Windows 8 and Windows RT tablets has confused the market, according to a Toshiba executive.

In a Toshiba product launch on Wednesday in Sydney, Australia, Mark Whittard, managing director of Toshiba Australia, criticized Microsoft's dual operating system approach. Marketing two types of tablets -- one line with Windows 8, the other with Windows RT -- confused consumers, Whittard said, according to The Australian.

"I think one of the challenges is, there was a lot of confusion with Windows 8, my personal view is that they (Microsoft) confused the market with a couple … Read more

AOL has continued to shed subscribers but managed to turn a decent profit last quarter thanks mostly to its advertising trade.

The online Internet provider scored a 9 percent increase in global advertising revenue for the first quarter, compared with the year-ago quarter. Global display revenue climbed by 8 percent year over year thanks to 6 percent growth in the U.S. and ongoing double-digit growth abroad.

AOL also saw a 9 percent rise in search revenue due to gains in global queries and higher revenue per search at AOL.com.

"Growth continues at AOL," AOL CEO Tim … Read more

A Japan-based report indicates that production of at least one key component for the next iPhone will begin next month.

Sharp will begin volume production in June of the display "panel" for the "next" iPhone model at its Kameyama plant in Mie prefecture, according to a report in Nikkan Kogyo Shimbun, a major Japanese industrial newspaper.

Sharp's Kameyama plant has not been operating at anywhere near full capacity but production of the next iPhone's display is expected to bring the plant to "full production," the report said.

The specifications for next iPhone … Read more

Torrents are indisputably one of the fastest ways to distribute files, but they've been extremely hard to monetize -- until now.

BitTorrent has built a preliminary format called the BitTorrent Bundle, which will let content owners charge for some files within a torrent. The company has partnered with the music label Ultra to test out the Bundle Alpha by sharing a mix of behind-the-scenes music, videos, and a "digital tour booklet" from Kaskade, a star in the realm of electronic dance music. It's all part of the artist's 2012 "Freaks of Nature" tour … Read more