Tesla Slides After Missing Earnings by a Mile at Opening Bell

U.S. markets followed Europe's lead and moved higher at Thursday's opening bell.
Author:
Publish date:

U.S. markets followed Europe's lead and moved higher at Thursday's opening bell. Investors were encouraged on the news of a cease-fire deal between Russia and Ukraine despite a deadlock in the Greece-debt negotiations. Before the bell, futures pulled back some gains on some disappointing economic data including retail sales for January coming in weaker than expected, falling 0.8%. Weekly jobless claims were also more than expected. The number of Americans filing for unemployment benefits rose by 25,000 from last week. Telsa's (TSLA) earnings report is driving its shares lower. The automaker posted a loss of $0.13 a share, the expectation was for a gain of $0.31 a share.