Tesla's Confusing Acquisition, Periscope's Coming-Out Party & More Weekly Tech Highlights

It's not uncommon for Apple Inc. AAPL to dominate a week's worth of tech headlines. This week Tesla Motors Inc TSLA took center stage and dominated the space.

Tesla Made Its First Acquisition, Confusing Impatient Investors

Hasty investors jumped the gun and bought a colossal amount of shares in Riviera Tool Company RIVT after it was revealed that Tesla had planned to acquire the company. There was just one problem: that wasn't the company Tesla had acquired. In reality, Tesla acquired Riviera Tool, LLC, which has a similar name but is not publicly traded. It does, however, own the assets that once belonged to Riviera Tool Company, which added to the confusion.

Related Link: Is Apple Really Trying To Stop Spotify From Streaming Free Music?

Tesla Beat The Street Where It Mattered Most

Tesla had a very rewarding Q1.

"I think they beat on every metric -- the deliveries, as well as the production and the guidance is also slightly better," Global Equities Research analyst Trip Chowdhry told Benzinga. "The company said they would be making 55,000 cars by the end of the year. I think based on the improved production capacities that they have put in place. I think they could do, in the second half of the year, production could ramp up even more, and I think they can do better than that."

Apple Finally Expected To Ship A Larger iPad

Apple's long-awaited (and often rumored) 12-inch iPad could be inching closer to retail.

"IBM is specifically writing business apps for the iPad," Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga. "I'd almost guarantee you IBM is saying, 'Hey, we're gonna put in all this time and energy, we've got this partnership, we want to make it flourish, let's make sure we have a screen size to take advantage of all these business apps."

Piracy Created Controversy For Twitter's Periscope

Twitter Inc TWTR received a lot of attention earlier this week after Periscope users live streamed the boxing match between Floyd Mayweather and Manny Pacquiao. This might worry some investors, but Udall thinks they should focus on other things.

"Don't we have bigger things to worry about?" Udall questioned. "Are you seriously going to try to police a few occasional people from live streaming a few seconds of some event? Is that really worth the effort?"

Apple Watch Sales Won't Be Hurt By Low Supplies

Wall Street continues to believe that Apple has a supply (not a demand) problem.

"I think the watch is going to be huge," Tigress Financial Partners analyst Ivan Feinseth told Benzinga. "All you have to do is go to the store and look at the watch, play with it and test it out and you will understand the impact that it will have."

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.