Tue, March 19, 2024

Tesla delivers more vehicles than expected in the Q1

Tesla’s market cap

Tesla delivers more vehicles than expected in the first quarter. Vehicle delivery results have surprised many. 

In total, Tesla delivered 184,800 vehicles in the first three months of 2021, exceeding the analyst average by 10%, which was 168,000 cars. Besides, the company produced 1,890,338 vehicles in this period. These were the Model 3 and Model Y types.

Today, we will see how investors take these figures.

However, this year 6.22% has been left in the market. Compared to the 628% that Tesla has appreciated in the last 12 months, it’s a negligible percentage.

Stock markets advance after US employment report

Global stock markets rose to a month-and-a-half high on Monday after a rebound in US employment was reported. Simultaneously, US bonds came under pressure on concerns that the Federal Reserve may raise interest rates sooner than it has indicated.

US S&P 500 futures were trading 0.3% higher, maintaining most of the gains made during a truncated session on Friday, although Nasdaq futures lagged, trading almost flat.

In Asia, the Japanese Nikkei Index was up 0.8%, while the MSCI was down slightly as markets in China are closed for the Qingming Holiday and Australia for Easter Monday.

The MSCI World Index was nearly flat, but close to its highest since late February, and is already seeing a record set that month, although the flow of trading remains slow, with much of Europe on vacation.

The US Department of Labor said on Friday that nonfarm payrolls increased by 916,000 jobs last month, the largest increase since last August.

This figure was much higher than the average forecast of economists, which was 647,000, and was closer to the figure of one million with which some of the markets speculated. February data was also revised up to 468,000 new jobs instead of the 379,000 previously reported.

“There will be further improvements in April as restaurants have started to reopen. People expected economic normalization to come sooner or later, but its pace seems to be picking up,” said Koichi Fujishiro, senior economist at Dai-ichi Life Research.

Although employment remains 8.4 million jobs below its peak in February 2020, the acceleration of the recovery suggests that all jobs lost during the pandemic may recover by the end of next year.

In turn, the prospect of a return to full employment is raising questions about whether the Fed can keep its promise to hold interest rates until 2023.

Markets are uneasy about this possibility, and Fed fund futures are already pricing in a rate hike by the end of next year.

Many traders also expect the Federal Reserve to study the possibility of reducing its bond purchases this year, although Fed officials have said they have not yet discussed the issue.

“It will be impossible for the Federal Reserve not to discuss reducing bond purchases in the fall,” said Kozo Koide, chief economist at Asset Management One, noting that US President Joe Biden’s infrastructure spending plan is likely to be over approved by then.

YOU MAY ALSO LIKE

Cocoa

Quick Look Cocoa prices surged to a record high of $8,100 per

Tractable raises $60M to grow in accident - da vici recovery

Quick Look Da Vinci 5 receives FDA 510(k) clearance less than two

cryptocurrency - avalanche and others

At a Glance: Avalanche (AVAX) witnesses a significant price recovery, soaring to

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

Admirals Launches New Analytical Tools for MT4 & MT5

Admirals recently introduced the Admirals Analytical Research Terminal, a new analytical platform designed for MT4 and MT5 traders, in collaboration with Acuity, a leader in AI-driven financial technologies. This addition uses the latest

BROKER NEWS

Broker News

Admirals Launches New Analytical Tools for MT4 & MT5

Admirals recently introduced the Admirals Analytical Research Terminal, a new analytical platform designed for MT4 and MT5 traders, in collaboration with Acuity, a leader in AI-driven financial technologies. This addition uses the latest AI