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Tesla, Netflix Weigh on Nasdaq


Lately, the Nasdaq Composite (NASDAQINDEX: ^IXIC) has played a key role in determining the direction of the overall market. Yet on Thursday morning, the Nasdaq posted a much more significant decline than other major market benchmarks right after the opening bell. The Nasdaq's move lower of about half a percent stood in contrast to a higher open for the Dow Jones Industrials and a flattish performance for the S 500.

One reason the Nasdaq dropped so hard was that shares of both Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) fell after those companies reported their respective quarterly results. Both had positive things to say about their businesses, but expectations have been high, particularly after the two stocks rose so far in 2023. Below, you'll learn more about what was pushing both stocks lower early Thursday.

Shares of Tesla dropped 4% shortly after the open Thursday morning. The electric vehicle maker's second-quarter financial results showed significant sales growth but raised some questions about what future profit margins could look like.

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Source Fool.com

Tesla Inc Aktie

202,35 €
-0,52 %
Ein geringer Kursrückgang bei Tesla Inc heute, um -0,52 %.
Tesla Inc sticht etwas positiv hervor mit 73 Buy- und 28 Sell-Einschätzungen.
Das von der Community festgelegte Kursziel für Tesla Inc von 245 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 202.35 €.
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