Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Tesla, Inc.
  6. News
  7. Summary
    TSLA   US88160R1014


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Wall Street falls from record highs as earnings-heavy week kicks off

07/26/2021 | 10:07am EDT

* Apple, Alphabet and Microsoft report earnings this week

* Hasbro rises on strong results, Tesla awaited

* AON up, Willis down after $30 bln merger falls through

* Indexes: Dow down 0.13%, S&P flat, Nasdaq down 0.08%

July 26 (Reuters) - U.S. stock indexes fell from record highs on Monday as locally listed Chinese firms tumbled on tighter regulations in the mainland, marking a poor start to a week packed with technology earnings and a Federal Reserve meeting.

China last week announced sweeping new rules on private tutoring and online education firms, the latest in a series of crackdowns on the technology sector that have roiled financial markets this year.

E-commerce major Alibaba Group and search engine Baidu Inc, two of the largest listed Chinese stocks in the United States, slipped more than 5% each.

A two-day meeting of the Fed starting on Tuesday will also be watched by investors for more clues on the central bank's planned tightening of monetary policy, given that inflation has been accelerating sharply in recent months.

The S&P 500 has tended to perform poorly in weeks with a Fed meeting this year due to fears that the central bank could signal an earlier-than-anticipated trimming of its massive stimulus program.

"The Fed is not going to be explicit in its language and the market is going to pay more keen attention to the more local voices from the Fed to get a better idea on the interest rate cycle," said Sean O'Hara, president at Pacer ETFs.

"If we start seeing any signs of a less supportive Fed, it'll be a cause for concern."

At 9:46 a.m. ET, the Dow Jones Industrial Average was down 46.82 points, or 0.13%, at 35,014.73, the S&P 500 was down 0.16 points at 4,411.63. The Nasdaq Composite was down 12.54 points, or 0.08%, at 14,824.46.

Heavyweight technology stocks, including Alphabet Inc , Apple Inc and Microsoft Corp, are set to report their earnings this week.

"Everybody is expecting earnings to be robust mainly due to easy comparables from last year, and if that trend were to change, it would definitely be a negative for markets," O'Hara said.

Ride-sharing app Didi Global, whose takedown earlier this month had brought Chinese regulatory concerns back to the fore, fell 2.0%.

Recent losses in Chinese stocks have been steeper than those recorded during the height of the Sino-U.S. trade war in 2018, mainly due to Beijing's targeting of large technology firms.

Among major earnings on Monday, toymaker Hasbro Inc rose 9.3% after it posted a better-than-expected 54% jump in quarterly revenue.

Electric-car maker Tesla Inc rose 1.1% ahead of its second-quarter earnings report after the market closes.

UK-based Insurance broker AON Plc rose 6.5% after agreeing to terminate its $30 billion merger agreement with rival Willis Towers Watson Plc, whose shares fell 5.2%. Advancing issues outnumbered decliners by a 1.36-to-1 ratio on the NYSE and by a 1.17-to-1 ratio on the Nasdaq.

The S&P index recorded 36 new 52-week highs and no new lows, while the Nasdaq recorded 40 new highs and 75 new lows.

(Reporting by Ambar Warrick in Bengaluru; Editing by Aditya Soni)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.86% 150.18 Delayed Quote.-35.47%
ALPHABET INC. 0.23% 2780.66 Delayed Quote.58.66%
AON PLC 1.01% 290.93 Delayed Quote.37.71%
APPLE INC. 0.34% 143.43 Delayed Quote.8.09%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.35% 0.72516 Delayed Quote.-5.64%
BRITISH POUND / US DOLLAR (GBP/USD) -0.10% 1.36431 Delayed Quote.-0.09%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.31% 0.7825 Delayed Quote.-0.53%
DIDI GLOBAL INC. -1.81% 7.61 Delayed Quote.0.00%
DJ INDUSTRIAL -0.15% 33919.84 Delayed Quote.13.00%
EURO / US DOLLAR (EUR/USD) 0.11% 1.17331 Delayed Quote.-4.00%
HASBRO, INC. -2.87% 92.86 Delayed Quote.2.20%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.22% 0.013537 Delayed Quote.-0.82%
MICROSOFT CORPORATION 0.17% 294.8 Delayed Quote.32.54%
NASDAQ COMP. 0.22% 14746.397621 Real-time Quote.14.17%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.40% 0.7022 Delayed Quote.-2.29%
S&P 500 -0.08% 4354.19 Delayed Quote.18.02%
TESLA, INC. 1.26% 739.38 Delayed Quote.4.78%
All news about TESLA, INC.
02:30aGerman auto giants place their bets on hydrogen cars
09/21EXPLAINER : Why investigators are still probing Takata air bag inflators
09/21A LIFE AND DEATH QUESTION FOR REGULA : Is Tesla's Autopilot safe?
09/21SOCIAL BUZZ : Wallstreetbets Stocks Mostly Gain Ground on Pre-Bell Tuesday
09/21U.S. agency confirms air bag safety probe into 30 million vehicles
09/21Futures bounce 1% after Evergrande-led selloff
09/20Wall Street extends global slump on China fears
09/20SOCIAL BUZZ : Wallstreetbets Stocks Turn Red as Market Sweats China; IronNet Gains
09/20Wall Street ends sharply lower in broad sell-off
09/20S&P 500 down more than 2% as growth worries rise
More news
Analyst Recommendations on TESLA, INC.
More recommendations
Financials (USD)
Sales 2021 50 308 M - -
Net income 2021 3 996 M - -
Net cash 2021 8 422 M - -
P/E ratio 2021 202x
Yield 2021 -
Capitalization 732 B 732 B -
EV / Sales 2021 14,4x
EV / Sales 2022 10,6x
Nbr of Employees 70 757
Free-Float 81,0%
Duration : Period :
Tesla, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TESLA, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 33
Last Close Price 739,38 $
Average target price 686,25 $
Spread / Average Target -7,19%
EPS Revisions
Managers and Directors
Elon Reeve Musk Technoking of Tesla
Zachary J. Kirkhorn Master of Coin
Robyn M. Denholm Chairman
Ira M. Ehrenpreis Independent Director
Antonio Jose Gracias Independent Director
Sector and Competitors
1st jan.Capi. (M$)
TESLA, INC.4.78%731 997
NIO INC.-28.40%57 188
XPENG INC.-14.22%31 440
LI AUTO INC.-6.14%27 498
FISKER INC.-8.74%3 959