Tesla (TSLA) has delayed the opening of its "gigafactory" in the German municipality of Gruenheide in Brandenburg until later this year or possibly in 2022, according to Reuters.

The 5.8 billion euro ($6.9 billion) facility was supposed to open on July 1, but the electric carmaker postponed the opening because it has yet to receive final approval from Brandenburg's environmental agency.

According to the report, the company currently has preliminary construction permits.

The European Union has exercised its option to order 150 million more vaccines from Moderna.

The move comes just a week after CureVac, a German biotech firm, revealed that its vaccine was only 47 percent effective in a late-stage trial, falling short of the study's primary goal. Moderna shares rose 6.3% on Tuesday.

U.S. stocks finished higher Tuesday, building on Monday's sharp recovery from last week's losses, as Federal Reserve Chair Jerome Powell reiterated his view that higher inflation will be transitory as the economy gradually recovers from the pandemic this year.

Wall Street recovered from a mixed start to post solid gains by the afternoon, as investors awaited Powell's testimony before a congressional panel.

Powell, on the other hand, has stated that the Fed intends to maintain its unprecedented monetary support until the labor market returns to normal.

The Dow Jones Industrial Average increased by 0.2 percent, while the S

In May, home sales in the United States fell for the fourth month in a row, as record-high prices frustrated potential buyers.

Single-family home sales fell 1.0 percent to 5.08 million units, the lowest level since June of last year. Sales are resuming their pre-pandemic levels. In May, there were 1.23 million previously owned homes on the market, a 7.0 percent increase from April but a 20.6 percent decrease from a year ago. According to analysts, closing the supply gap could take a long time. Economists do not believe a new housing bubble is on the horizon.

Google's digital advertising business is being investigated by the European Commission.

The move comes after a decade of fines totaling more than 8 billion euros ($9.5 billion) for obstructing competitors. Last year, Google generated $147 billion in revenue from online ads, more than any other company. This year, Google could control 27 percent of global online ad spending, including 57 percent for search ads and 10 percent for display ads. Advertisers and competitors claim that Google's various software plays such a large role in so many aspects of the market that the company is impossible to avoid.

Stifel analyst Brad Reback upgrades CrowdStrike Holdings stock from Hold to Buy, with a new target price of $300, up from $240.

Reback believes he has turned bullish on the security software firm for three reasons. He believes that the company can eventually reach a customer base of more than 100,000.

CrowdStrike (NASDAQ: CRWD) is almost 8 percent to $256.61. Year to date, the stock is up about 20%.

RingCentral stock is up 2.87% at $295.63 on Tuesday after Needham analyst Ryan Koontz raised the cloud-based telephony company with a Buy rating and a $360 target price.

He considers RingCentral to be the global leader in the unified communications as a service, or UCaaS, sector. According to him, the entire segment "benefits from cloud adoption, digital transformation, and work-location flexibility."

Chipmaker GlobalFoundries says it will spend $6 billion to expand capacity at its factories in Singapore, Germany and the United States.

U.S.-based company is owned by Abu Dhabi's state-owned fund Mubadala. The expansion comes amid a chip shortage that is hurting automakers and electronics firms globally.

Zhang Yiming, the founder of ByteDance, will donate $77.35 million to Longyan, a city in southeastern China.

The move comes as Chinese tech billionaires rush to make charitable contributions, particularly in education, in the face of China's crackdown on the sector. The donation will be used to establish a foundation to help teachers further their education and to support vocational education.

WeWork is experiencing its best months in nearly two years.

According to the global co-working company, it sold enough desks in April and May to achieve its highest net desk sales since September 2019. WeWork intends to re-enter the public market in the third quarter through a $9 billion merger.