TSLA - US Stocks Edge Higher; Tesla Reports Downbeat Results | Benzinga
U.S. stocks traded slightly higher this morning, following the release of jobless claims data.
Following the market opening Thursday, the Dow traded up 0.03% to 33,675.56 while the NASDAQ rose 0.09% to 13,326.17. The S&P 500 also rose, gaining, 0.04% to 4,316.43.
Check This Out: Best Buy To Rally More Than 21%? Here Are 10 Top Analyst Forecasts For Thursday
Leading and Lagging Sectors
Communication services shares climbed by 1.2% on Thursday.
In trading on Thursday, energy shares fell by 1%.
Top Headline
Tesla Inc (NASDAQ: TSLA) reported weaker-than-expected earnings and sales results for its third quarter on Wednesday.
Tesla reported third-quarter revenue of $23.35 billion, which was up 9% year-over-year. The revenue total missed a Street consensus estimate of $24.38 billion. The company reported adjusted earnings per share of 66 cents in the third quarter, which missed a Street consensus estimate of 73 cents.
The company also said Cybertruck began pilot production in the third quarter at Gigafactory Texas, with deliveries anticipated for November 2023.
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SeaStar Medical Holding Corporation (NASDAQ: ICU) shares shot up 41% to $1.09. SeaStar medical shares jumped 70% on Wednesday after the FDA granted the company's Selective Cytopheretic Device Breakthrough Device Designation for hepatorenal ...