Yahoo Finance Live anchors Rachelle Akuffo and Brad Smith break down the best and worst performers of the S&P 500 in the first quarter of 2023.
Tesla Inc investors are waiting to see how much Elon Musk's price cuts will pay off: the electric vehicle (EV) maker is expected this weekend to report record sales as cheaper sticker prices, helped by U.S. subsidies, spurred demand. Musk's action in January kicked off a price war that was especially heated in China, betting that Tesla's industry-leading profit margins would let it rebuff growing competition and appease customers in a weak economy. Tesla may have handed over 430,000 vehicles in the quarter ended March 31, according to analysts' estimates collected by Refinitiv.
Tesla (NASDAQ: TSLA) shares are moving higher to end the week, hitting their highest level in a month. The move comes with news of potential plans for a new battery factory, and as investors look forward to the electric vehicle (EV) leader's first-quarter delivery report. Tesla typically reports quarterly production and delivery data on the second day of a new quarter.