While the signs had been clear that it would be a difficult quarter, analysts were still taken aback as the numbers were far lower than their revised estimates had suggested. The company delivered 8.5% fewer cars than in the same period of 2023, surprising analysts who had expected to see an increase. The news caused…
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The company’s Q3 revenue came in at $23.4bn, lower than the predicted $24.06bn mark. Despite this, it is still a 13% increase from the previous year. Tesla’s net income for this period was $2.3bn, again lower than analyst expectations of $2.56bn. Similarly, adjusted earnings per share (EPS) were $0.66 instead of the expected $0.74. In…
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Twitter, Amazon lead market rally as stocks snap losing streak Consumer and technology names led a positive day for US stocks, snapping a multi-day losing streak. In the S&P 500, the consumer discretionary sector was the biggest winner with a 3% gain, while the information technology sector was up 1.7% and the communication services sector…
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Nasdaq Composite continues to add gains Of the three major US stock indices, the Nasdaq Composite was the winner on Monday, adding 1% to take its year-to-date gain to 24%. The S&P 500 was also in the green, but the Dow Jones Industrial Average fell 0.3%, dragged lower by 2% plus losses from names, including…
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London-listed stocks close higher before US selloff The FTSE 100 and FTSE 250 closed the day on a high, closing before the winds shifted in the US later on Monday, with both finishing more than 1% up. A variety of sectors helped the FTSE 100 higher, with brokerage Hargreaves Lansdown, pest control business Rentokil and…
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UK stocks flat after lockdown guideline confusion Both large cap and mid cap London-listed stocks posted a near flat day on Monday, after a confusing day in which the Prime Minister was forced to put out a substantial clarification about the advice he provided on the lifting of lockdown measures over the weekend. His statement…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for November 25, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: Fidelity Digital Assets Set to Onboard its First Exchange Platform: The move to offer an exchange could give the…
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Tesla Inc. (NASDAQ:TSLA) reported a worse-than-expected loss in Q2 earnings yesterday. The company's shares plunged as much as 12% in after-hours trading and declined 22% this year as of markets close Wednesday. Revenue was $6.35 billion versus $6.41 billion expected. Another major management change has also been announced - Tesla's co-founder J.B. Straubel, who’s been…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for May 21, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Tesla Drop Stellar Down Crypto Dominance Traditional Markets No stocks are not in a bear market but…
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