Tesla stock may still be one of Wall Street's most-watched, but with a 33% drop YTD, investors are navigating volatility and tariff threats in ETFs like TESL, NITE, and VCR.
Sentiment was buoyed by the CEO's remarks on transitioning key customers to its next-generation lidar technology, securing new contracts and expectations for lidar shipments to at least triple this year.
Tesla's stock decline is impacting ETFs with significant exposure to the company. Leveraged ETFs have been hit the hardest, while broad-market and sector ETFs are also experiencing losses.
All eyes on Tesla's Q4 earnings, key for high-profile ETFs with large allocations in the company like TESL, ARKQ, VCR. CEO Musk focused on new ventures despite delivery miss.
Amazon announced it's withdrawing from Quebec,Canada, due to potential tariffs. It'll affect 1,700 jobs but offer compensation. AWS plans to expand in Canada.
Tesla Inc. skidded 6% at the start of the new year following a fourth-quarter delivery miss despite an increase in promotional deals. As a result, ETFs with a substantial allocation to this luxury carmaker are in focus.
Shares of AMZN spiked as much as 5.7% in aftermarket hours on elevated volume. ETFs having a substantial allocation to this online behemoth are also set to soar.
Amazon raises hourly pay by $1.50 for front-line employees, bringing average total compensation to $29/hr. Total investment of $2.2B for 800K employees.
