The surprise leadership shuffle on Thursday at Toyota Motor Corp, renewed urgency at Renault and Nissan Motor Co to restructure their alliance and Elon Musk's declaration that Tesla Inc will be the world's No. 1 automaker by a wide margin have one thing in common: What once defined the global auto industry's center is no longer holding.
What happened
Tesla's (NASDAQ: TSLA) surprise earnings beat last night was shaking up the electric vehicle (EV) industry this morning, as shares of solid-state batteries researcher QuantumScape (NYSE: QS) tumbled 1.5% through 11:15 a.m. ET, but Tesla's Chinese rivals Nio (NYSE: N
What happened
The stocks of electric vehicle (EV) sector companies jumped Thursday morning with news that indicated the market looks to continue to grow at a fast pace. But after each popping at least 5%, shares of Rivian Automotive (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID), and
Tesla's (NASDAQ: TSLA) fourth-quarter earnings report showed that the electric-car maker wrapped up 2022 with impressive momentum. Fourth-quarter revenue grew 33% and net income for the same period increased 59%.
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In early trading on Thursday, shares of Tesla topped the list of the day's best performing components of the S&P 500 index, trading up 8.6%. Year to date, Tesla registers a 27.3% gain.
U.S. stock indexes rose on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook boosted the tech-heavy Nasdaq.
Tesla (NASDAQ: TSLA) stock is up 7.7% in Thursday's premarket trading as of 8:30 a.m. ET, following the electric vehicle (EV) pioneer's release of a strong fourth-quarter 2022 report the prior afternoon.
Wall Street's main indexes opened higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer.
The Dow closed in the green on Wednesday but the S&P 500 and Nasdaq ended in negative territory as disappointing earnings reports from a few big companies dented investors’ confidence amid growing fears of interest rate hikes and a slowing economy.
Stocks held their gains on Thursday after data showed the U.S. economy grew at a faster-than-expected clip in the final three months of 2022, holding out hope for corporate earnings as investors hunker down for next week's Federal Reserve meeting.
U.S. stock indexes were set to open higher on Thursday after data showing a resilient labor market and better-than-expected economic growth last quarter helped ease worries of a deep recession, while Tesla's bullish outlook added to the cheer.
Investors appear to be back in bull market mode, as markets mounted an impressive recovery from steep losses Wednesday and then built up even more positive momentum. Stock index futures on the Nasdaq Composite (NASDAQINDEX: ^IXIC) were up nearly 1% early Thursday, as market parti
The NASDAQ 100 Pre-Market Indicator is up 107.75 to 11,922.44. The total Pre-Market volume is currently 65,577,450 shares traded.The following are the most active stocks for the pre-market session: Tesla, Inc. (TSLA) is +11.13 at $155.56, with 6,492,405 shares traded. TSLA's cur
Tesla TSLA reported fourth-quarter 2022 earnings of $1.19 a share, up from the year-ago figure of 85 cents and surpassing the Zacks Consensus Estimate of $1.09. This marked an earnings beat for the electric vehicle (EV) behemoth for the eighth time in a row. Higher-than-e
Stocks held their gains on Thursday ahead of U.S. economic growth figures as investors bet the U.S. Federal Reserve meeting next week will flag a pause in the central bank's run of hefty interest rate hikes.
Tesla (TSLA) reported $24.32 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 37.2%. EPS of $1.19 for the same period compares to $0.85 a year ago.
Futures for Canada's resources-heavy main stock index were subdued on Thursday as gold prices edged lower, while investors awaited data on the U.S. economy due later in the day for clues on the Federal Reserve's interest rate hike plans.
Elon Musk has a playbook for Tesla headed into what he believes will be a "serious" recession: cut costs on everything from parts to logistics, while keeping the pressure on competitors with discounted sticker prices.