Markets opened lower to kick off a busy week of corporate earnings reports. This week, investors expect to hear from Tesla (TSLA) - Get Free Report, Amazon (AMZN) - Get Free Report, Apple (AAPL) - Get Free Report, Facebook (FB) - Get Free Report, Alphabet (GOOGL) - Get Free Report, Caterpillar (CAT) - Get Free Report, Ford (F) - Get Free Report, McDonald's (MCD) - Get Free Report, Advanced Micro Devices (AMD) - Get Free Report, Boeing (BA) - Get Free Report, Starbucks (SBUX) - Get Free Report, PayPal (PYPL) - Get Free Report, United Parcel Service (UPS) - Get Free Report and much more.
The Dow Jones Industrial Average was down 36.67 points, the Nasdaq Composite was down 29.83 points and the S&P 500 was down 3.20 points.
Jim Cramer and Action Alerts PLUS senior analyst Jeff Marks discussed Tesla's earnings report after the bell, Lucid Motors, Amazon, cryptocurrency, Hasbro (HAS) - Get Free Report, Otis Worldwide (OTIS) - Get Free Report, Lockheed Martin (LMT) - Get Free Report, Robinhood and much more.
Watch the full interview with TheStreet Live in the video below:
Electric vehicles are in focus as Tesla is set to report earnings after the bell after Lucid Motors begins trading on the Nasdaq.
Analysts expect Tesla to report second-quarter earnings of 94 cents a share on revenue of $11.53 billion.
Tesla opened over a percent higher to $649.83 ahead of the report.
The merger between special purpose acquisition company Churchill Capital (CCIV) - Get Free Report and Lucid Motors closed Friday after enough shareholder votes were secured following an extension of the voting deadline.
Following the closure of the deal, Churchill Capital will delist from the New York Stock Exchange.
"Lucid has further increased its momentum as we gear up to make the first customer deliveries of our Lucid Air lineup of electric sedans later this year," Lucid CEO and CTO Peter Rawlinson said in a statement.