Tesla Stock Rallies Despite Major Earnings Miss As EV Focus Reaffirmed

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Tesla fell far short of expectations in its eagerly awaited earnings report Tuesday afternoon, but its stock rallied considerably as the company emphasized its pathway to sustainable growth.Tesla’s $0.45 profit per share was far short of average analyst estimates of $0.49 earnings per share in the first quarter of 2024, according to data compiled by FactSet, and its $21.3 billion of revenue was also well below forecasts of $22.22 billion in gross revenue.

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Stock market today: Wall Street rallies and adds to its hot start to the weekStocks are rallying on Wall Street and adding to their hot start to the week. The S&P 500 was up 1.1% Tuesday, pulling further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average was up 240 points, and the Nasdaq composite rose 1.5%. A flood of earnings reports is dictating trading.
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Stock Market Today: S&P 500 rallies on tech strength ahead of big tech earningsStock Market Today: S&P 500 rallies on tech strength ahead of big tech earnings
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