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S&P 500 Reaches New Height as Tesla Slips

U.S. stocks rose on Thursday, with the S&P 500 rising 0.5% to a new record close of 4,894.16, thereby continuing its growth after marking its fourth straight record close on Wednesday. The Dow Jones Industrial Average jumped by 0.6%, while the tech-heavy Nasdaq Composite...

Tesla Q3 Deliveries Miss Estimates

Electric Vehicle (EV) automaker Tesla missed market estimates for its deliveries in the third quarter. After reducing production because of planned factory shutdowns, the company delivered 435,059 vehicles in Q3, falling short of Wall Street estimates of 454,100 vehicles according to 19 analysts polled...

Tesla Slashes Prices in China in Sales Push

Tesla announced on Wednesday that it has slashed the prices of its Model S and Model X cars in China by as much as 6.9%. This comes after concerns emerged about the EV maker's profit margin in the Chinese market. A post from Tesla on...

Futures Decline Following Disappointing Tesla Financials

U.S. stocks edged lower on Thursday following the release of Tesla's Q1 earnings report. The electric vehicle maker disappointed observers by reporting a lower-than-expected first-quarter profit. Futures on the S&P 500 fell by 0.62% on Thursday, while those on the Dow Jones Industrial Average declined...

Tesla Shares Drop After Disappointing First-Quarter Earnings Results

Electric vehicle maker Tesla reported disappointing first-quarter earnings results on Tuesday that saw the company miss out on total gross margin estimates. This sent the company’s stock on a downward trajectory in after-hours trading and a dip of more than 4%. Tesla reported revenue of...

Netflix, Tesla, Bank of America, in Spotlight Ahead of Earnings Reports

Investors have shifted their focus to the likes of Netflix, Tesla, Goldman Sachs, and Bank of America as a busy week of quarterly earnings reports is expected to get underway. These earnings results are expected to provide some guidance on the direction of the U.S....