Tesla CEO Elon Musk sounded sleepy on the EV maker’s earnings call late Wednesday. That’s not surprising given the time needed to try to reduce debt at Twitter, appear in court, study rocket designs, and stay up late the day before the call with the Tesla AI team. Musk did his best to sound enthusiastic about Tesla’s business as he warned of a “severe” recession this year — doubling down on his recent downbeat economic rhetoric — before announcing a delay in the timeline of Cybertruck… Source link
Read More »Futures open flat as Omicron concerns subside
Stock futures opened relatively flat on Wednesday evening, though sustaining gains posted by a three-day recovery rally that was led by cooled investor concerns around the Omicron variant. Dow futures inched up 0.02%, while contracts on the tech-focused Nasdaq Composite ticked up 0.10%. All major indexes closed up, with the S&P 500 gaining 14.46 points to close the session at 4,701.21, just 0.5% shy of the trading session on Nov. 24, a day before the latest COVID-19 variant was announced by… Source link
Read More »