Tesla, Inc. (NASDAQ: TSLA) shares dropped sharply on Thursday after the company increased the discount on all Model 3 and Model Y vehicles delivered in the U.S. in December from $3,750 to $7,500, adding to recent demand concerns.
Tesla Inc. (NASDAQ: TSLA) shares appear to have stemmed the slide on Friday.
What Happened: After the 64.4% plunge thus far this year, the stock advanced 1.79% to $127.60 in premarket trading on Friday.
Stocks could be in for a higher opening on Friday, as indicated by the trading in the index futures. Key economic data will have a bearing on the day’s market direction, although conviction in the potential move could be less due to the thin trading volume that is characteristic of pre-holiday trade.
US stocks closed sharply lower on Thursday as investors digested the recent economic reports.
US jobless claims increased by 2,000 to 216,000 in the week ending December 17, compared to market estimates of 220,000. The US economy, meanwhile, expanded an annualized 3.2% on quarter in the third quarter, up from 2.9% in the second estimate.
Netflix (NFLX) - A play on concerning analyst commentary heading into 2023. Needham's Laura Martin issued a research note Thursday morning which highlighted her top five concerns for Netflix
U.S. stock futures traded lower this morning. Here are some big stocks recording losses in today’s pre-market trading session.
Westrock Coffee Company, LLC (NASDAQ: WEST) shares tumbled 10.9% to $11.90 in pre-market trading after gaining 10% on Wednesday.