Tesla (TSLA)
The electric vehicle (EV) giant reported adjusted quarterly earnings of $1.19 versus analyst estimates of $1.12 per share. Sales of $24.32 billion beat analyst estimates of $23.03 billion. Tesla’s automotive gross margin of 25.9% came in below expectations of 28.4%.
The company said its Cybertruck model is on track to begin production later this year. More details are expected to be revealed at its investor day on March 1.
IBM (IBM)
IBM shares rose 2% after the company announced…
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