US Stock Market Move | Large-cap tech stocks rose broadly, with Tesla, Inc. (TSLA.US) up over 5%.
Tesla, Inc. reported third-quarter deliveries that exceeded Wall Street expectations.
On Friday, large-cap tech stocks rose broadly. As of press time, Tesla, Inc. (TSLA.US) was up over 5%, Alphabet Inc. Class C (GOOG.US, GOOGL.US) was up over 2%, AMD (AMD.US) and Broadcom Inc. (AVGO.US) were up over 3%, Amazon.com, Inc. (AMZN.US) was up over 1.7%, and Meta (META.US) was up over 1%. On the news front, Tesla, Inc. reported third-quarter deliveries that exceeded Wall Street expectations, driven by a recovery in the European market this year following weak sales last year. Tesla, Inc. delivered a total of 486,532 vehicles in the third quarter, above the analyst average estimate of 456,896. These figures suggest that after two consecutive years of annual sales declines, Tesla, Inc.'s core automotive business may be stabilizing. Tesla, Inc. needs to deliver at least 311,448 vehicles in the fourth quarter to avoid a third consecutive year of annual delivery declines. Analysts expect that the gradual rollout of Tesla, Inc.'s Full Self-Driving (FSD) software in Europe will further boost sales growth. Currently, FSD has been approved for use in 8 countries.
Related Articles
Optimistic about continued growth in AI inference demand, Freedom upgrades Cerebras (CBRS.US) rating to "Buy," wafer-scale chip advantages draw attention.
US Stock Market Move | Planning to Raise $60 Billion to Pave the Way for Computing Power for AI Companies Broadcom Inc.(AVGO.US) Rose About 2.9%
Muse user growth momentum is strong, but long-term monetization prospects remain uncertain; BNP Paribas maintains an "Outperform" rating on Meta (META.US).
Optimistic about continued growth in AI inference demand, Freedom upgrades Cerebras (CBRS.US) rating to "Buy," wafer-scale chip advantages draw attention.
US Stock Market Move | Planning to Raise $60 Billion to Pave the Way for Computing Power for AI Companies Broadcom Inc.(AVGO.US) Rose About 2.9%
Muse user growth momentum is strong, but long-term monetization prospects remain uncertain; BNP Paribas maintains an "Outperform" rating on Meta (META.US).
