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V-shaped recovery
July 21, 2022

Nasdaq Opens Higher On Upbeat Tesla Results

Urvi Srivastava Credit & Capital, Economic Trends automaker, margins, nasdaq, results, Tesla

Tesla shares jumped 4 per cent after the automaker reported stronger-than-expected earnings but shrinking automotive gross margins

The Nasdaq opened higher on Thursday as electric-car maker Tesla topped Wall Street’s profit target, while the S&P 500 and the Dow edged lower. The Dow Jones Industrial Average fell 144 points, or 0.45 per cent. The S&P 500 fell 0.2 per cent, while the Nasdaq Composite gained 0.05 per cent. Tesla shares jumped 4 per cent after the automaker reported stronger-than-expected earnings but shrinking automotive gross margins.

(Reuters) 

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Urvi Shrivastav

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