Tesla drops 6% afterhours as aggressive price cuts ate into profits | MarketTalk: What’s up today? | Swissquote
Netflix dropped more than 3% yesterday as its subscription growth missed analyst estimates, while Tesla shed 6% in the afterhours trading as the price cuts that kicked off a price war in the EV sector did weigh on Tesla’s profitability last quarter.
Zooming out, US and European indices remain little changed at levels that look inviting for the bears.
In the FX, the US dollar index remains under pressure, as the Federal Reserve’s (Fed) Beige book pointed at slower hiring, lower inflation and tighter credit access in the past few weeks.
In New Zealand, inflation fell unexpectedly to 1.2% in...