Earnings season offers investors a chance to check in on listed companies' financials. The 10% slump inshares last week served as a timely reminder of how a disappointing report can shift Wall Street's view on a stock.
The EV maker's share price plunged after it disclosed that its net income had fallen 24% year-on-year in the three months ending March 31. Tesla's profits are under pressure in part because of itsMicrosoft and Alphabet will be the first two Big Tech giants to release their first-quarter earnings this week, with both set to report after Tuesday's closing bell.
Amazon and Meta are slated to publish their earnings in after-hours trading on Wednesday and Thursday respectively.
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