5 things to know before the stock market opens Wednesday

Tesla reported a major decline in revenue as it deals with the impact of its ongoing price cuts.also climbed 8.3% and 2.4%, respectively, on strong earnings. About 20% of the S&P 500 has reported earnings through Tuesday, and 76% of those companies have beaten analysts' expectations, according to FactSet data. Followmajor decline

in revenue Tuesday as it deals with the impact of its ongoing price cuts. Revenue for the first-quarter dropped about 9% year-over-year, its biggest decline since 2012. But the stock was up about 12% in premarket trading after CEOsaid that production of new affordable EV models could begin in "early 2025, if not late this year." The company had previously expected to begin the production in the second half of 2025.

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