Tesla Earnings Propel Dow Jones Futures to New 2023 Highs

TL;DR Summary
Tesla stock fell after-hours as Elon Musk's comments during the earnings call raised concerns about falling profit margins. While Tesla's earnings and sales beat expectations, operating profit missed. Musk stated that worries about profit margins will "look silly" as Tesla achieves full self-driving. Meanwhile, Netflix reported strong subscriber growth but fell short on revenue, causing its stock to tumble. The stock market rally closed slightly higher, with the Dow Jones, S&P 500, and Nasdaq finishing in positive territory.
Reading Insights
Total Reads
0
Unique Readers
13
Time Saved
7 min
vs 8 min read
Condensed
95%
1,544 → 78 words
Want the full story? Read the original article
Read on Investor's Business Daily