Tesla Earnings Propel Dow Jones Futures to New 2023 Highs

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Source: Investor's Business Daily
Tesla Earnings Propel Dow Jones Futures to New 2023 Highs
Photo: Investor's Business Daily
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.

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