Market Update: Tesla’s Earnings Miss, But Robotaxi Dreams Fuel Stock Rally
As the Federal Reserve’s two-day policy meeting kicked off, the Dow Jones Industrial Average and other major indexes took a hit, trading lower on Tuesday. Meanwhile, Nvidia (NVDA) struggled to recover from Monday’s DeepSeek crash, leading to an early decline on the stock market.
Tesla’s Q4 Earnings Disappoint, But Robotaxi Hopes Keep Investors Optimistic
In a surprise move, Tesla’s stock rallied despite missing Q4 earnings and sales views late Wednesday. The electric vehicle giant’s shares rose as investors pinned their hopes on the company’s robotaxi ambitions. Elon Musk’s vision for a self-driving taxi service seems to have captured the imagination of investors, who are willing to overlook the company’s current financial struggles.
Market Performance: Dow Jones Industrial Average and S&P 500 Take a Hit
As the opening bell rang, the Dow Jones Industrial Average inched lower, while the S&P 500 fell 0.1%. The tech-heavy Nasdaq Composite also felt the pressure, as investors awaited the outcome of the Federal Reserve’s policy meeting.
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