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• Tesla

• U.S. Stock Futures

Top Stories Today

Tesla

Tesla’s first-quarter results fell short of analyst projections, with revenue down 9% to $19.34 billion and earnings per share coming in at 27 cents, below estimates. Automotive sales tumbled 20% year-over-year, and net income dropped 71% to $409 million. The company attributed the decline to factory retooling for the new Model Y, lower vehicle prices, and incentives. Tesla did not reaffirm its 2025 growth outlook and warned that evolving trade policy and political uncertainty may impact demand. While the company remains committed to launching its driverless ride-hailing service in Austin and producing humanoid robots this year, increased expenses in AI projects weighed on profitability. Energy storage revenue surged 67%, but Tesla noted that rising tariffs could disrupt both its vehicle and energy businesses.

U.S. Stock Futures

U.S. stock futures rose Tuesday evening after President Trump said he has no plans to remove Federal Reserve Chair Jerome Powell, easing investor concerns about central bank independence. Dow futures climbed over 440 points, while S&P 500 and Nasdaq 100 futures gained 1.4% and 1.6%, respectively. The president’s remarks marked a shift from earlier criticism, where he had called for Powell’s removal. Earlier in the day, the Dow surged more than 1,000 points, breaking a four-day losing streak, as investors also responded positively to Treasury Secretary Scott Bessent’s hints at a possible reduction in trade tensions with China. Despite market gains, demand for gold remains strong, reflecting lingering caution.

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