Cedears: Tesla’s strong growth in the face of IBM’s crash

Cedears: Tesla’s strong growth in the face of IBM’s crash

Tesla’s increase occurs in tune with the presentation of the latest balance sheet in which it was reported that in the last quarter it multiplied its net profit by more than four, compared to the same period last year, to $ 1.6 billion.

In relation to the papers with the highest market share, Coca Cola rose 0.6%, Mercado Libre fell 0.4%, and Apple grew 1.5%.

Among the most operated Cedears, the main decrease was from the IBM company, which fell 8.1%, followed by Petrobras, which fell 4.1%, and lastly the mining company Vale, which fell 3.4%.

The fall of IBM is due to the presentation of the latest balance sheet where it was reported that total revenues increased marginally to $ 17.62 billion and did not meet the average analyst estimate of $ 17.77 billion. Shares on the New York Stock Exchange fell 9.5%.

The volume traded in Cedears during the day rose 26% to $ 4,206 million, which represented 68% of the traded in equities.

On Wall Street, the Dow Jones industrials were dragged down by IBM stocks plummeting after a disappointing quarterly result, but the Nasdaq rose and the S&P 500 index hit an all-time high with the help of high-profile stocks like Tesla Inc .

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