The company said revenue was $24.32 billion for the three months ended December 31.compared to the average estimate of analysts of US$24.160 million.
On Wall Street, stock indices rose on strong labor market and better-than-expected growth in the last quarter that helped ease fears of a deep recession, while Tesla’s bullish prospects boosted the Nasdaq.
A Labor Department report showed initial claims for state jobless benefits fell in the week ending Jan. 21, while the Commerce Department said Gross Domestic Product expanded at an annualized rate of 2.9% in the fourth quarter, above expectations for a 2.6% increase.
Tesla’s quarterly results reassured investors that the electric vehicle maker could weather a slowing economy in 2023. Tesla in New York rose 10.1%, boosting the S&P 500 consumer discretionary sector index.
The Dow Jones Industrial Average was up 58.37 points, or 0.17%, at 33,802.21 points; while the S&P 500 rose 21.49 points, or 0.54%, to 4,037.71. Meanwhile, the Nasdaq Composite gained 131.26 points, or 1.16%, to 11,444.62 points.
In addition to the boost from the Nasdaq, the Cedears rose broadly before the bullish rally of the Cash with Liquidation dollar. Thus, the dollar CCL -negotiated with Global 2030 or GD30- rises $1.48 (+1.1%) to $367.56, with which the gap with the official exchange rate scales to 98.3%. The also called cable dollar scores a new all-time high.
Source: Ambito
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