Nasdaq 100 futures were flat this morning after the index lost 1% yesterday following Tesla’s Q3 earnings call, which investors did not like. The stock was down 3% after Elon Musk’s company revealed record revenue but a decline in profitability.
It was another in a series of earnings calls from tech companies that have disappointed traders. Netflix stock fell 6% after its Q3 call a couple of days ago. And this morning, SAP stock is down 1.6% after its results missed expectations despite a solid AI revenue pipeline.
