Friday , April 16 2021

Tesla climbed record numbers on Wall Street – E24

The electric carmaker is growing on the U.S. stock market after delivery data for the first quarter.

RECORD: Tesla never delivered more cars than it provided during the first quarter.

Lucas Jackson / Reuters / NTB


When the U.S. stock market opens on Monday, all three key indices will rise.

Approximately when opened, the indexes looked like this:

  • The Dow Jones was up 0.83 percent
  • Nasdaq Composite 0.83 percent
  • S&P 500 growth of 0.80 percent

Although there were Easter holidays on U.S. stock exchanges on Friday, a few things happened that will add variety to the day.

Among the investors can be especially those who have invested in Tesla who can look forward to a good day on the stock market. The company’s share has been growing by about six percent since the start after the company surprised record numbers on Friday.

In the first quarter, Tesla shipped nearly 185,000 cars, up more than 4,000 from the previous quarter. Analysts had previously expected the company to deliver 168,000 cars in the quarter, CNBC writes.

“We are encouraged by the strong acceptance of the Y model in China and are growing rapidly towards full production capacity,” Tesla wrote in an announcement Friday.

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Over 900,000 new jobs

Although Friday was a stock market holiday, there was no public holiday in the United States. So he was again ready to publish the “most important number of the month.”

They showed that 916,000 jobs outside agriculture were created in the country last month. That was much more than a month ago, and more than analysts thought in advance.

– That is a surprisingly high number compared to expectations. But it is clear that it is difficult to estimate in advance the figures in the reopening phase, said senior economist Knut A. Magnussen at DNB to E24.

– This shows that strong political financial packages for households have started. In April, we can expect quite strong figures also due to further opening and transfers to households, says Magnussen.

At the same time, unemployment in the United States is falling to 6 percent, up from 6.2 percent a month ago. Unemployment is still about 2.5 percentage points above the level before the pandemic hit the country.

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Passed a turning point

The broad S&P 500 index rose particularly high on Thursday last week. For the first time in history, the index crossed the 4,000-point mark.

The development came after President Joe Biden unveiled his huge infrastructure package on Wednesday. The $ 2,000 billion plan will be funded, among other things, by raising income taxes to 28 percent.

On several Asian stock exchanges that opened on Monday, there was mostly an increase. In Tokyo, the Nikkei index rose 0.8 percent.


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