OPEC oil supply cut, Tesla deliveries, Endeavor-WWE - what's moving markets

UK EV sales reach record highs in best month ever

April 5, 2023 9:00 AM EDT

The Society of Motor Manufacturers and Traders (SMMT) released data Wednesday that showed new car registrations jumped to 287,825 units as supply chain challenges continued to ease, making the first quarter of 2023 the strongest three-month period since 2019. Battery electric vehicle (BEV) sales reached a record monthly high of 46,626, representing 18.6% year-on-year... More

The Street seems too bearish on Endeavor Group (EDR) - Citi

April 4, 2023 9:54 AM EDT

Citi's Jason Bazinet believes the Street seems too bearish on Endeavor Group Holdings Inc. (NYSE: EDR), with the stock and World Wrestling Entertainment (NYSE: WWE) shares trading lower following the announcement that EDR will acquire the wrestling... More

Tesla (TSLA) reaches 88,869 Chinese deliveries in March

April 4, 2023 7:58 AM EDT

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) sold 88,869 units of China-made electric vehicles in March, according to data published by the China Passenger Car Association (CPCA) showed on Tuesday. That was up 35.0% from a year ago and 19.4% from February, when the U.S. electric car... More

Morgan Stanley says Tesla (TSLA) 'may require further price cuts' to reach delivery goals

April 4, 2023 7:47 AM EDT

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after the electric automaker reported 1Q delivery and production numbers.

Tesla delivered 423k units in the 1Q, in line with the company gathered consensus with a 4.3% increase over last quarter. 1Q deliveries annualize to just under 1.7mm units while 1Q production... More

ExxonMobil (XOM), Other Oil Stocks Surge After OPEC+ Announces Output Cuts

April 3, 2023 8:17 AM EDT

(Updated - April 3, 2023 8:18 AM EDT)

ExxonMobil (NYSE: XOM), Other Oil Stocks Surge After OPEC+ Announces Output Cuts

Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per dayWIT +6.6%XOM +4.3%Marathon Oil (NYSE:... More