Tesla Motors (TSLA – Analyst Report) reported Q2 loss and revenues after the bell, and results were mixed. The company reported a loss of 82 cents per share (accounting for stock-based compensation and other before non-recurring items) on $1.2 billion in quarterly sales. But Tesla shares are down in late-market trading based on lower deliveries and guidance than analysts had been looking for.

Model S deliveries reached 12K in the quarter, far below the 13.1K that would keep Tesla on pace for 55K deliveries in fiscal year 2015. Guidance now from Tesla is for 50-55K deliveries in the current year. This number would also include deliveries of the Model X SUV, which is scheduled for release later this year.

Further, Tesla's Model 3 is now anticipated to be unveiled in Q1 of 2016. Weekly production expectations for 2016 are currently 16K-18K per week.

Analysts see big capex outlays for its Gigafactory in the company's quest to become the largest lithium ion producer in the world. Clearly, CEO Elon Musk is focused on a wider horizon than simply producing electric vehicles. But as we see weakness in Chinese growth — what was expected to be a big driver of Tesla orders — we now see estimates for model production and delivery come down a bit in Q2. Shares have given back over 5 percent in after-hours trading.

Keurig Green Mountain (GMCR – Analyst Report) reported mixed fiscal Q3 earnings results after the bell: earnings of 80 cents per share beat the Zacks consensus estimate by a penny, but revenues were way off projections of $1038 million, bringing in a mere $970 million. This is sending shares of Keurig down a huge 26 percent in after-hours trading. Investors overall have been staying away from this stock for quite some time: over the past year, GMCR shares are down over 38 percent, and this is before today's massive selloff in late trading. A soft Keurig 2.0 business and delays in its Cold beverage sector are significant drags on Keurig's business.

Looking into the results a bit further, both the Pods (K-cups) and Brewer sales declined in the quarter. The K-cups were not expected to have posted a year-over-year loss. As a result, Keurig now plans to lay off 5 percent of its workforce. Eyes will now turn toward Coca Cola (KO – Analyst Report), which is heavily invested in Keurig's Cold concept: Will Coke bail on this business, or is the valuation right to sweep in and buy the remainder of the company?

Herbalife (HLF – Snapshot Report) topped both earnings and revenue estimates, and boosted full-year 2015 guidance. Herbalife's $1.24 per share easily beat expectations of $1.13, as did quarterly sales of $1.16 billion. This also marks the company's third straight positive earnings surprise, and Herbalife shares are trading up over 5 percent in the after-market.