TSLA - Tesla Rivian Boeing IBM Palantir: Why These 5 Stocks Are On Investors' Radars Today | Benzinga
U.S. indices remained mixed on the day when EV giant Tesla released its fourth-quarter earnings data. The Dow Jones Industrial Average declined 0.3% to 37,806.39, while the S&P 500 rose nearly 0.1% to 4,868.55. The Nasdaq was also in the green, it rose 0.4% to 15,481.92.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Tesla Inc (NASDAQ:TSLA)
Tesla reported a challenging fourth quarter, with revenue at $25.17 billion, up 3% year-over-year but missing estimates. The stock closed down 0.63% at $207.83. Tesla’s Model Y was highlighted as the best-selling vehicle globally in 2023. Despite production and delivery increases, Tesla faces a slower growth rate in 2024 as it focuses on launching its next-generation vehicle.
Rivian Automotive, Inc. (NASDAQ:RIVN)
Rivian’s stock fell 4.36 to $15.34%, reflecting concerns over production and financial forecasts. Deutsche Bank downgraded Rivian from Buy to Hold, with a price target cut from $29 to $19, citing expected volume guidance and factory shutdowns. Rivian announced the leasing availability of ...