Tesla (TSLA, Financial) saw a 4.60% rise in its stock, with a trading volume of $37.77 billion. Despite a 40% drop in first-quarter profits, Tesla plans to start producing affordable vehicles in the first half of the year. CEO Elon Musk's decision to focus more on the company and reduce political involvement, along with eased tariff pressures, contributed positively to investor sentiment. Tesla's automotive revenue fell by 20%, and net income decreased by 71%. The company reported adjusted earnings per share of $0.27 and revenue of $19.34 billion, both falling short of expectations.
NVIDIA (NVDA) increased by 3.86%, trading at $25.39 billion. Bank of America reaffirmed its "buy" rating, viewing current price fluctuations as buying opportunities, though it lowered the price target from $160 to $150.
Amazon (AMZN) rose by 4.28%, with a trading volume of $11.38 billion. Meanwhile, Apple (AAPL) saw a 2.43% increase amid a €500 million fine from the EU for violating digital market laws.
Meta Platforms (META) gained 4% despite a €200 million fine from the EU for non-compliance with digital market regulations. Microsoft (MSFT) and Alphabet (GOOGL) also saw gains, with updates and potential antitrust developments impacting their stocks.
