Supply chain issues have hampered the industry since the beginning of the pandemic, but analysts following the industry say that automakers have offered mixed signals about the state of the market.
The Elon Musk-Twitter (TWTR) saga took a turn towards resolution yesterday with news Musk would honor his deal to purchase Twitter for $44 billion. The drama for Tesla (TSLA) shareholders, however, will likely linger.
U.S. stock index futures fell on Thursday as rising oil prices exacerbated inflation worries, while high-growth stock Tesla fell on worries over funding for Elon Musk's proposed buyout of Twitter. Fears of aggressive interest rate hikes by the Federal Reserve have returned to the forefront after a report on Wednesday showed strong U.S. labor demand. Twitter Inc, Nvidia Corp and Microsoft Corp were down between 0.7% to 1.2% in premarket trading.