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Barchart
Barchart
Oleksandr Pylypenko

Nasdaq Futures Climb on Tesla Boost, Meta Earnings in Focus

Tesla Inc. United States IBM Corporate Earnings ASGN ATT Boeing Ford Motor General Dynamics Hilton Worldwide

June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.53% this morning as Tesla surged on new EV promises and investors looked ahead to the next round of corporate earnings.

Tesla (TSLA) surged over +10% in pre-market trading, despite reporting a sharp drop in Q1 revenue, deliveries, margins, and EPS from a year ago. However, the automaker said it would speed up the launch of new vehicles, including more affordable models. “These new vehicles will utilize aspects of the next-generation platform as well as aspects of our current platforms, and will be able to be produced on the same manufacturing lines as our current vehicle line-up,” the company stated. In addition, BofA upgraded the stock to Buy from Neutral with a $220 price target.

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