Nasdaq TSLA Tesla

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We could see a dramatic change in equity futures, which are contending this morning with pressure on Tesla (TSLA) shares following last night’s latest earnings report.

Tesla tumbled more than 8% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world's most valuable automaker.

Ark Invest manages a raft of exchange-traded funds focused on disruptive technologies like artificial intelligence, fintech innovation, and next-generation internet. Its flagship Ark Innovation ETF soared by 67% last year, though it remains more than 70% below its peak.

Tesla tumbled 7% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins and raised investor concerns at the world's most valuable automaker.

Futures tracking the S&P 500 and the Nasdaq were subdued on Thursday, as investors paused after a technology-fueled Wall Street rally to size up a slew of key economic data, while Tesla slumped on a warning of slowing growth.

Cathie Wood's Ark Invest had a good 2023. Its flagship Ark Innovation ETF soared 68%, easily outpacing the three major U.S. financial indexes. In positioning itself for 2024, the firm has 12.8% of its portfolio allocated to just two stocks: Tesla (NASDAQ: TSLA) accounts for 6.2%

Global stocks see-sawed on Thursday, as a surge in China markets on the back of revived investor confidence helped offset a more muted performance elsewhere, while the euro held steady against the dollar ahead of a European Central Bank meeting.

Emerging market stocks rose on Thursday as a rebound in Chinese equities gained momentum on policy support signals, while currencies were flat in the run up to interest rate decisions from Turkey and South Africa.

Norway's traffic safety regulator said on Thursday it had found no basis for ordering a recall of Tesla's car models S and X following an investigation into a suspension safety issue.

China markets surged for a third straight session on Thursday as policy support revived investor confidence, Japanese bonds fell in anticipation of a policy shift and currency markets were steady ahead of a European Central Bank meeting.

European chipmaker STMicroelectronics on Thursday forecast an over 15% drop in first-quarter revenue, after its sales missed estimates in the fourth quarter on softer automotive growth and a further decline in orders from the industrial sector.

European chipmaker STMicroelectronics on Thursday forecast a more than 15% drop in first-quarter revenue, well below market expectations, due to softer automotive demand and a further decline in orders from the industrial sector.

Tesla CEO Elon Musk said on Wednesday that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide.

European chipmaker STMicroelectronics on Thursday said its first-quarter revenue would fall over 15% year-on-year, after fourth-quarter sales missed estimates on softer automotive growth and further deterioration in the industrial sector.

Chinese markets caught a foothold overnight, with a cut in bank reserve requirements and vague promises of more support ahead enough to staunch selling, for now. The blue chip CSI300 .CSI300 rose more than 1%, cutting losses for the year to roughly 3%.

Asian shares rose to a one-week high as policy support put a floor under the battered Chinese stock market, while bonds were under pressure ahead of a European Central Bank meeting later in the day.

Image source: The Motley Fool.

Tesla (NASDAQ: TSLA) stock declined 6% in after-hours trading on Wednesday following the electric-vehicle (EV) pioneer's release of its fourth-quarter 2023 report.

Tesla CEO Elon Musk said on Wednesday Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide.