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Wall Street awaits major tech earnings as oil prices extend gains: Dow Jones, S&P, Nasdaq, Futures
InvestorsHub59d agoneutral
Wall Street awaits major tech earnings as oil prices extend gains: Dow Jones, S&P, Nasdaq, Futures

US stock futures edged lower on Wednesday as investors prepared for a packed earnings calendar led by several of the technology sector’s biggest names, while rising oil prices and escalating tensions in the Middle East added another layer of uncertainty to global markets. Market participants are looking to results from Alphabet, Texas Instruments and Tesla for fresh indications about artificial intelligence spending, semiconductor demand and the outlook for some of the market’s most closely watc

Tesla’s Earnings Are Coming. 3 Things to Watch For Before the Drama Begins.
Barrons.com59d agoneutral
Tesla’s Earnings Are Coming. 3 Things to Watch For Before the Drama Begins.

Tesla is set to report second-quarter earnings after Wednesday's market close. For the period, Wall Street is looking for earnings per share of 55 cents and an operating profit of $1.7 billion from sales of $27.3 billion, according to FactSet. Higher oil prices, Tesla incentives, and EV retrenchment from traditional car makers helped boost Tesla’s numbers.

SpaceX to report first earnings on Aug. 4: What to expect
Yahoo Finance Video60d agoneutralVIDEO
SpaceX to report first earnings on Aug. 4: What to expect

Since going public on June 12, SpaceX (SPCX) confirmed that it will report its first quarterly earnings results on Tuesday, August 4. Yahoo Finance Senior Business Reporter Ines Ferre and Senior Reporter Brooke DiPalma join the Opening Bid panel to talk more about what investors could be expecting after SpaceX's stock has since fallen below its IPO price.

Tesla expands robotaxi service to Orlando, Tampa ahead of earnings
Reuters60d agoneutral
Tesla expands robotaxi service to Orlando, Tampa ahead of earnings

Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as ‌the electric-vehicle maker races to prove that ‌it can scale its autonomous ride-hailing business beyond its initial ​launch markets. The move comes a day before Tesla reports second-quarter earnings, with Wall Street closely watching the progress on robotaxis, which underpin much of the company's ‌valuation as CEO ⁠Elon Musk shifts focus toward artificial intelligence, autonomous driving and humanoid robots. Tesla launched its ⁠robotaxi service in Austin in June last year and expanded to Dallas and Houston earlier this year ​and ​Miami this month.

Ahead of Tesla Earnings, Gary Black Says Cybercab Fleet Milestone Is 'Irrelevant' Until This Critical FSD Goal Is Achieved: 'Just for Show'
Benzinga60d agoneutral
Ahead of Tesla Earnings, Gary Black Says Cybercab Fleet Milestone Is 'Irrelevant' Until This Critical FSD Goal Is Achieved: 'Just for Show'

Tesla Inc.‘s (NASDAQ:TSLA) Cybercab fleet expansion does not impress investor Gary Black of The Future Fund LLC, who says that any expansion would not amount to much unless true autonomy is achieved. Cybercab Irrelevant to Investors In a response to user @CuriousPejjy, who talked about the recent sighting of over 245 Cybercab units at the company’s Giga Texas facility, Black said that the number of “cybercabs parked at Giga Texas is irrelevant to investors” as long as the vehicles could not auto