Futures Fall As Treasury Yields Climb To Fresh 16-yr Highs, Tesla Drops

<p>U.S. stock index futures fell on Thursday as Treasury yields climbed to fresh 16-year highs, taking the sheen off stocks in premarket trading, while Tesla dropped and Netflix surged after their quarterly earnings. Tesla (TSLA.O) slid 4.7% as the electric vehicle maker missed Wall Street expectations on third-quarter gross margin, profit and revenue. CEO Elon Musk said on Wednesday that he was concerned about the impact of high interest rates on car buyers, adding the EV maker was hesitating on its plans for a factory in Mexico as it gauges the economic outlook. “Tesla cut prices earlier this year to stimulate demand, […]</p>
<p>The post <a rel="nofollow" href="https://vladimirribakov.com/futures-fall-as-treasury-yields-climb-to-fresh-16-yr-highs-tesla-drops/">Futures Fall As Treasury Yields Climb To Fresh 16-yr Highs, Tesla Drops</a> appeared first on <a rel="nofollow" href="https://vladimirribakov.com">Vladimir Ribakov</a>.</p>