GE Vernova (GEV) shares surged in premarket trading Wednesday after the firm’s first-quarter results topped analysts’ estimates.
The energy-focused former General Electric division reported earnings per share (EPS) of $0.91 on revenue of $8.03 billion. Analysts polled by Visible Alpha expected $0.73 and $7.53 billion, respectively.
The company again affirmed its 2025 revenue outlook of $36 billion to $37 billion. GE Vernova said its “guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be approximately $300-$400 million, net of mitigating actions.”
GE Vernova CEO Scott Strazik said the company is “well-positioned to navigate the current dynamic environment.”
Shares of GE Vernova jumped 8% immediately following Wednesday’s report. They entered the day down less than 1% in 2025, although they have more than doubled since GE Vernova become a standalone company after spinning off from GE Aerospace (GE) in early April 2024.
Analysts Have Said GE Vernova Should Benefit From Rising Power Demand
GE Vernova’s stock has received a number of upgrades and price target raises in its first year as a public company. Analysts have said the company should benefit from rising demand for products to generate renewable energy.
Shares of all three former GE segments sank earlier this month amid concerns over the impact of the tariff disputes and growing trade war between the U.S. and China.
AT&T (T) shares jumped in premarket trading Wednesday after the telecommunications giant reported first-quarter revenue and net phone subscriber additions above analysts’ estimates.
The Dallas-based firm posted adjusted earnings per share (EPS) of $0.51 on operating revenue that rose 2% year-over-year to $30.63 billion. Analysts polled by Visible Alpha expected $0.52 and $30.34 billion.
AT&T added 324,000 net postpaid phone and 261,000 net AT&T Fiber subscribers. Analysts had anticipated net additions of 252,800 phone and 264,300 internet subscribers.
AT&T also affirmed its full-year outlook. Last quarter, it said it expected low-single-digit 2025 service revenue growth, along with adjusted EBITDA growth of at least 3% and adjusted EPS of $1.97 to $2.07.
“Our business fundamentals remain strong, and we are uniquely positioned to win in this dynamic and competitive market,” CEO John Stankey said, adding that AT&T’s priorities “have not changed, and we continue to operate our business to achieve the financial plan and capital returns we outlined in December.”
AT&T shares advanced nearly 5% shortly after Wednesday’s report was released. They entered the day about 18% higher so far this year.
Shares of the electric vehicle maker finished the day up close to 5% at around $238. The stock has lost more than 40% in 2025 amid lagging sales and a backlash to CEO Elon Musk’s political activities. (We’re covering the earnings report and conference call live here.)
Longtime Tesla bull Dan Ives of Wedbush said ahead of the report that the company faces a “code red situation” if Musk doesn’t step back from his work in the Trump administration and refocus on Tesla. Tesla dealerships have been the subject of protests and vandalism in recent weeks, with reports indicating sales have fallen in China and in Europe.
Earlier this month, Tesla reported first-quarter delivery numbers that fell short of Wall Street’s expectations. The company delivered 336,681 vehicles and produced 362,615 in the quarter, down from 386,810 deliveries and 433,371 vehicles produced a year ago.
Additionally, Reuters reported last week that Tesla has paused shipments of parts from China for its semi trucks and Cybercab autonomous taxi because of the Trump administration’s tariffs, potentially delaying production and release of the vehicles.
This article has been updated since it was first published to reflect the close of trading.
The US dollar’s recent selloff has taken a breather as President Trump ratcheted down his rhetoric toward Federal Reserve (Fed) Chair Powell, saying he doesn’t plan to try to remove the head of the nation’s central bank despite his frustration over interest rates. A potential de-escalation in the US-China trade war also boosted demand for US assets. But is this market-friendly news just a temporary reprieve?
Tumbling stock markets and the dollar falling to 3-year lows on Monday was blamed on concerns about an erosion of the Fed’s independence and a growing unease over the blurred boundaries between monetary policy and political influence. Thus, Trump’s softer tone towards Powell has injected some positive life into risky assets – the S&P500 for example rose over 2.5%, whilst the US dollar index rebounded from 98.00, erasing Monday’s losses. Trump also sounded upbeat about making a trade deal with China, which faces a Trump 2.0 tariff of 145%. This came after US Treasury Secretary Scott Bessent had predicted a de-escalation between the two nations. However, the relief rally across markets may prove short-lived. The latest U-turn from Trump is just another example of the volatile decision making of the US administration, which is keeping policy uncertainty elevated at record levels and investors hesitant to hold US assets.
While erratic conditions are expected to persist in the short term, the long-term outlook suggests sustained pressure on US equities, bonds, and the dollar. As these uncertainties linger, the dollar’s structural weakness could become more pronounced.
Behind the U.S. Treasuries sell-off
Kevin Ford – FX & Macro Strategist
There’s been no shortage of speculation about who’s behind the sell-off in U.S. Treasuries. Is it China? Japan? Hedge funds? Or simply portfolios making tactical adjustments? Could this even hint at the dawn of de-dollarization? While the answers remain uncertain, at the heart of it all lies a fundamental force; Powell isn’t bringing the “Fed put.”
Take China, for instance. As America’s second-largest foreign creditor after Japan, it holds around $780 billion in Treasury securities. While their market moves are closely watched, a massive sell-off seems unlikely, as it would strengthen the Yuan due to repatriation effects, while Beijing is currently leveraging its currency to counter tariff impacts. However, there’s gold. With prices soaring to a new all-time high today, speculation is running wild about a shift from Treasuries to gold by central banks, pension funds, and institutional investors. Could this mark the next phase of de-dollarization? The allure of gold as a safe haven has never been stronger, especially as confidence in U.S. assets wavers.
Hedge funds, on the other hand, might have added fuel to the fire. As the bond sell-off gained momentum, margin calls could have forced funds to liquidate Treasuries to raise cash, especially those employing bond-basis trades.
Meanwhile, institutional investors are facing a triple whammy: equities down, dollar losing ground, and yields climbing. Gold and other metals have emerged as safe havens, but asset managers are struggling to reallocate tactically, and strategically as correlations break down. The message from the market is clear—there’s growing interest in exiting U.S. assets, particularly among foreign investors. Some might even be swapping long-dated Treasuries for European fixed income.
Finally, and perhaps even more significant, are the underlying fundamentals. Federal Reserve Chair Jerome Powell seems intent on shaping his legacy as a “Volcker” rather than a “Burns.” Arthur Burns, infamous for prematurely cutting rates in the 1970s, earned him lasting criticism, stands as a cautionary example. Powell, by contrast, appears steadfast in his fight against inflation, even as weaker growth looms. And the market has taken note: Powell is signaling he won’t cut rates, channeling Volcker’s resolve despite a slowing economy and mounting pressure from President Trump. This determination aligns with the broader trend of rising yields, which began when the market braced for tariff-driven inflation concerns. With recession fears mounting, the Fed has made one thing clear: a “Fed put” isn’t on the horizon.
Relief rally tempers euro’s momentum
George Vessey – Lead FX & Macro Strategist
EUR/USD appears to be in a brief consolidation phase after its strong rally from February’s lows near parity. After its 13% rally to above $1.15 in just a few months, the pair is trading back under $1.14 today amidst broad-based US dollar demand thanks to Trump’s softer rhetoric on tariffs and Powell. The $1.20 handle could still be a topside target for bullish traders this year, but the pace of the recent rally has fizzled out for the time being.
Momentum indicators remain bullish but overbought for EUR/USD, so we think the euro’s slight weakness is likely a temporary pause in its upward trajectory following its impressive recovery. On the data front, consumer confidence in the Eurozone took a notable hit in April 2025, declining to -16.7, its lowest level since November 2023. This marks a 2.2-point drop from March and fell short of market forecasts of -15, signalling growing concerns among households. Today, we have PMI data, with investors bracing for signs of the potential fallout from Trump’s tariffs. European Central Bank (ECB) President Christine Lagarde yesterday reinforced the ECB’s reliance on economic data, emphasizing its “extreme” importance in the current climate.
A rate cut for the ECB’s June meeting is fully priced in, but for July markets are still undecided. Such dovish ECB expectations will eventually keep a lid on euro strength, despite the break down in correlation between short-term rates and FX over the past month or so.
UK outlook downbeat
George Vessey – Lead FX & Macro Strategist
With the US dollar rebounding amidst Trump’s optimistic trade talk and softer stance on Powell, GBP/USD has recoiled from 7-month highs above $1.34 to trade nearer $1.33 this morning. GBP/EUR is creeping towards €1.17, with sterling benefiting more from improved global risk sentiment. UK flash PMIs today will be the next test as they’ll provide the first tangible indication of sentiment in the private sector in the wake of Trump’s tariffs.
Both services and manufacturing PMI are expected to come in lower than the previous month, though the composite figure is forecast to remain in expansion territory. On a gloomier note, the International Monetary Fund (IMF) has warned the UK economy will be among the hardest hit by the global trade war and inflation is set to climb. The IMF revised its UK growth forecasts downward, citing the impact of Trump’s tariffs. The fund now projects growth of 1.1% in 2025, down from 1.6% previously, and 1.4% in 2026, slightly below the earlier 1.5% estimate. These adjustments reflect the disruptive effects of heightened global trade barriers, weaker private consumption due to elevated energy costs, and rising gilt yields.
Despite a predicted temporary inflation spike, the IMF suggests it leaves room for the Bank of England (BoE) to cut interest rates up to three times this year to support the economy. Such easing could wear away at the pound’s yield appeal and limit the scope of any sterling recovery, though the gap between UK and German real rate differentials will close one way or another.
*The FX rates published are provided by Convera’s Market Insights team for research purposes only. The rates have a unique source and may not align to any live exchange rates quoted on other sites. They are not an indication of actual buy/sell rates, or a financial offer.
Options pricing suggests traders expect Intel shares to move more than 8% the day after the beleaguered chipmaker reports first-quarter earnings after the bell on Thursday.
This will be Intel’s first report with Lip-Bu Tan, the former CEO of Cadence Design Systems whose appointment has excited Wall Street, at the helm.
Intel is expected to report a year-over-year decline in both revenue and profit.
Intel (INTC) is slated to report quarterly earnings after markets close on Thursday in its first report since CEO Lip-Bu Tan took the helm at the beleaguered chipmaker. Some investors expect a big move in the shares after it does.
Options pricing suggests traders expect Intel stock to move about 8.5% in either direction the day after Thursday’s report. A gain of that magnitude would mark Intel stock’s best reaction to results since October 2023, when shares rose 9% after the company reported a nearly 300% increase in revenue at its foundry business.
Lately, Intel stock has been more likely to dive on disappointing results than jump on a beat. Shares have fallen following three of its last four reports, with the stock tumbling 26% after it reported a $1.6 billion loss last August.
Intel shed 60% of its value in 2024, making it one of the year’s worst-performing S&P 500 stocks. The company has struggled to keep up with competitors in the race to develop sophisticated artificial intelligence chips, and it has fallen short in its expensive efforts to become a leading chip manufacturer.
This year got off to a better start for Intel. Wall Street cheered several reports the company was exploring spin-offs, asset sales, and partnerships with competitors. The stock got another boost in March when Tan, former CEO of semiconductor software company Cadence Design Systems (CDNS), was tapped to lead the company.
But the stock has recently slumped along with the broader market amid unease with President Trump’s tariff policies. Shares, at one point up more than 30% in 2025, are down about 4% year-to-date as of Tuesday’s close.
Intel is expected to report first-quarter revenue of $12.3 billion, a 3% decline from the same period last year, according to estimates compiled by Visible Alpha. Adjusted net income is expected to decline more than 90% year-over-year to $56 million.
Every analyst tracked by Visible Alpha has a neutral rating on Intel stock. Their price targets range from $20 to $29, and the $22.63 average represents a roughly 16% premium to Tuesday’s closing price.
Bank of America data released Tuesday show that fewer Americans had revolving credit card balances in March than a year earlier.
A dip in median checking and savings balances has been slowing and balances ticked up from February to March, the report said.
Although many are in a better position than they were pre-pandemic, lower-income households are showing some signs of strain, the research showed.
Consumers appear to be firming up their finances.
Across the income spectrum, fewer Americans are carrying a credit card balance and many are shoring up savings and checking balances that were drawn down during higher inflation, Bank of America said Tuesday.
The share of Americans with a credit card balance in March fell when compared to the same time last year and in 2019, Bank of America said. Meanwhile, a dip in median checking and savings balances has been slowing, and balances ticked up from February to March, the bank said.
Deposits are 15% above 2019 levels once inflation is factored in, Bank of America said. Its research team concluded consumer finances are in better shape than they were before COVID, but lower-income households are showing signs of strain.
“While many consumers remain in good financial shape, they may be cutting back on ‘nice to have’ discretionary spending like travel and leisure activities in order to do so,” the report said.
Consumers have been spending less on clothing and accessories, according to Earnest Analytics, a data analysis firm.
“Consumer spending is off to a rocky start in 2025, with trade policy uncertainties driving record-low sentiment,” the firm said in a recent report. “Some categories are already feeling the pain, while others appear to be more resilient as consumers trade down and adjust spending habits.”
The US dollar’s recent selloff has taken a breather as President Trump ratcheted down his rhetoric toward Federal Reserve (Fed) Chair Powell, saying he doesn’t plan to try to remove the head of the nation’s central bank despite his frustration over interest rates. A potential de-escalation in the US-China trade war also boosted demand for US assets. But is this market-friendly news just a temporary reprieve?
Tumbling stock markets and the dollar falling to 3-year lows on Monday was blamed on concerns about an erosion of the Fed’s independence and a growing unease over the blurred boundaries between monetary policy and political influence. Thus, Trump’s softer tone towards Powell has injected some positive life into risky assets – the S&P500 for example rose over 2.5%, whilst the US dollar index rebounded from 98.00, erasing Monday’s losses. Trump also sounded upbeat about making a trade deal with China, which faces a Trump 2.0 tariff of 145%. This came after US Treasury Secretary Scott Bessent had predicted a de-escalation between the two nations. However, the relief rally across markets may prove short-lived. The latest U-turn from Trump is just another example of the volatile decision making of the US administration, which is keeping policy uncertainty elevated at record levels and investors hesitant to hold US assets.
While erratic conditions are expected to persist in the short term, the long-term outlook suggests sustained pressure on US equities, bonds, and the dollar. As these uncertainties linger, the dollar’s structural weakness could become more pronounced.
It’s PMI day
George Vessey – Lead FX & Macro Strategist
Purchasing Managers’ Index (PMI) data are due from major economies today. They are economic indicators derived from monthly surveys of private sector companies, specifically purchasing managers, and provide a snapshot of the health of the manufacturing, services, and construction sectors. They can also help gauge market sentiment and expectations about the future direction of the economy.
If sentiment weakens further, market stability could unravel. March’s PMIs from the US suggested fairly stable growth, outpacing the Atlanta Fed’s lower forecast, which has been affected by gold import trends. For April, expectations are for a modest composite PMI drop to 52.2 from 53.5. However, a more significant downturn, exacerbated by the instability from US tariff policies, could trigger further stock selloffs.
A weaker dollar is emerging as a hallmark whenever US PMIs fall short relative to developed-market counterparts, as it would be yet more evidence of the fading US exceptionalism narrative that has propped up the world’s reserve currency for the past few years.
Relief rally tempers euro’s momentum
George Vessey – Lead FX & Macro Strategist
EUR/USD appears to be in a brief consolidation phase after its strong rally from February’s lows near parity. After its 13% rally to above $1.15 in just a few months, the pair is trading back under $1.14 today amidst broad-based US dollar demand thanks to Trump’s softer rhetoric on tariffs and Powell. The $1.20 handle could still be a topside target for bullish traders this year, but the pace of the recent rally has fizzled out for the time being.
Momentum indicators remain bullish but overbought for EUR/USD, so we think the euro’s slight weakness is likely a temporary pause in its upward trajectory following its impressive recovery. On the data front, consumer confidence in the Eurozone took a notable hit in April 2025, declining to -16.7, its lowest level since November 2023. This marks a 2.2-point drop from March and fell short of market forecasts of -15, signalling growing concerns among households. Today, we have PMI data, with investors bracing for signs of the potential fallout from Trump’s tariffs. European Central Bank (ECB) President Christine Lagarde yesterday reinforced the ECB’s reliance on economic data, emphasizing its “extreme” importance in the current climate.
A rate cut for the ECB’s June meeting is fully priced in, but for July markets are still undecided. Such dovish ECB expectations will eventually keep a lid on euro strength, despite the break down in correlation between short-term rates and FX over the past month or so.
UK outlook downbeat
George Vessey – Lead FX & Macro Strategist
With the US dollar rebounding amidst Trump’s optimistic trade talk and softer stance on Powell, GBP/USD has recoiled from 7-month highs above $1.34 to trade nearer $1.33 this morning. GBP/EUR is creeping towards €1.17, with sterling benefiting more from improved global risk sentiment. UK flash PMIs today will be the next test as they’ll provide the first tangible indication of sentiment in the private sector in the wake of Trump’s tariffs.
Both services and manufacturing PMI are expected to come in lower than the previous month, though the composite figure is forecast to remain in expansion territory. On a gloomier note, the International Monetary Fund (IMF) has warned the UK economy will be among the hardest hit by the global trade war and inflation is set to climb. The IMF revised its UK growth forecasts downward, citing the impact of Trump’s tariffs. The fund now projects growth of 1.1% in 2025, down from 1.6% previously, and 1.4% in 2026, slightly below the earlier 1.5% estimate. These adjustments reflect the disruptive effects of heightened global trade barriers, weaker private consumption due to elevated energy costs, and rising gilt yields.
Despite a predicted temporary inflation spike, the IMF suggests it leaves room for the Bank of England (BoE) to cut interest rates up to three times this year to support the economy. Such easing could wear away at the pound’s yield appeal and limit the scope of any sterling recovery, though the gap between UK and German real rate differentials will close one way or another.
*The FX rates published are provided by Convera’s Market Insights team for research purposes only. The rates have a unique source and may not align to any live exchange rates quoted on other sites. They are not an indication of actual buy/sell rates, or a financial offer.
A total of 17 offers guarantee rates of at least 4.50% in terms ranging from 3 to 18 months.
The best CD rate in the country remains 4.60%, available from T Bank for 6 months or Abound Credit Union for 10 months.
For a rate lock extending all the way to October 2026, XCEL Federal Credit Union’s 18-month certificate is paying 4.50% APY.
Want to secure your return even longer? The top rates for 2-year through 5-year certificates currently range from 4.28% to 4.32%.
The Fed is currently in “wait-and-see” mode regarding 2025 rate cuts. But given today’s uncertain economy, it can be smart to lock in one of today’s best CDs while you can.
Below you’ll find featured rates available from our partners, followed by details from our ranking of the best CDs available nationwide.
Rates of 4.50% to 4.60% You Can Guarantee as Long as 2026
CD rates have been slowly declining. Last week, the nation’s leading CD rate dropped from 4.65% to 4.60%. You can still snag that 4.60% return from either T Bank, for a 6-month rate lock, or Abound Credit Union, for a 10-month guarantee. Abound’s offer would stretch your rate guarantee into early 2026.
A total of 17 CDs pay at least 4.50%, with the longest term among these being 18 months. That CD is available from XCEL Federal Credit Union, and it will lock in a 4.50% rate until October of next year.
To view the top 15–20 nationwide rates in any term, click on the desired term length in the left column above.
All Federally Insured Institutions Are Equally Protected
Your deposits at any FDIC bank or NCUA credit union are federally insured, meaning you’re protected by the U.S. government in the unlikely case that the institution fails. Not only that, but the coverage is identical—deposits are insured up to $250,000 per person and per institution—no matter the size of the bank or credit union.
Consider Longer-Term CDs To Guarantee Your Rate Further Into the Future
CD shoppers who want an even longer guarantee might like the leading 4-year or 5-year certificates. Though the 4-year rate dropped last week from 4.40%, you can still lock in a 4.28% rate for 4 years from Lafayette Federal Credit Union. In fact, Lafayette promises the same 4.28% APY on all its certificates from 7 months through 5 years, letting you secure that rate as far as 2030.
Multiyear CDs are likely smart right now, given the possibility of Fed rate cuts in 2025 and perhaps 2026. The central bank has so far lowered the federal funds rate by a full percentage point, and this year could see additional cuts. While any interest-rate reductions from the Fed will push bank APYs lower, a CD rate you secure now will be yours to enjoy until it matures.
Today’s Best CDs Still Pay Historically High Returns
It’s true that CD rates are no longer at their peak. But despite the pullback, the best CDs still offer a stellar return. October 2023 saw the best CD rates push above 6%, while the leading rate is currently down to 4.60%. Compare that to early 2022, before the Federal Reserve embarked on its fast-and-furious rate-hike campaign. The most you could earn from the very best CDs in the country then ranged from just 0.50% to 1.70% APY, depending on the term.
Jumbo CDs Top Regular CDs in 4 Terms
Jumbo CDs require much larger deposits and sometimes pay premium rates—but not always. In fact, the best jumbo CD rates right now are equal to or lower than the best standard CD rates in half the terms we track.
Among 18-month CDs, both the top standard and top jumbo CDs pay the same rate of 4.50% APY. Meanwhile, institutions are offering higher jumbo rates in the following terms:
3 years:Hughes Federal Credit Union offers 4.34% for a 3-year jumbo CD vs. 4.32% for the highest standard rate.
4 years: Lafayette Federal Credit Union offers 4.33% for a 4-year jumbo CD vs. 4.28% for the highest standard rate.
5 years: Both GTE Financial and Lafayette Federal Credit Union offer 4.33% for jumbo 5-year CDs vs. 4.28% for the highest standard rate.
That makes it smart to always check both types of offerings when CD shopping. If your best rate option is a standard CD, simply open it with a jumbo-sized deposit.
*Indicates the highest APY offered in each term. To view our lists of the top-paying CDs across terms for bank, credit union, and jumbo certificates, click on the column headers above.
Where Are CD Rates Headed in 2025?
In December, the Federal Reserve announced a third rate cut to the federal funds rate in as many meetings, reducing it a full percentage point since September. But in January and March, the central bankers declined to make further cuts to the benchmark rate.
The Fed’s three 2024 rate cuts represented a pivot from the central bank’s historic 2022–2023 rate-hike campaign, in which the committee aggressively raised interest rates to combat decades-high inflation. At its 2023 peak, the federal funds rate climbed to its highest level since 2001—and remained there for nearly 14 months.
Fed rate moves are significant to savers, as reductions to the fed funds rate push down the rates banks and credit unions are willing to pay consumers for their deposits. Both CD rates and savings account rates reflect changes to the fed funds rate.
Time will tell what exactly will happen to the federal funds rate in 2025 and 2026—and tariff activity from the Trump administration has the potential to alter the Fed’s course. But with more Fed rate cuts possibly arriving this year, today’s CD rates could be the best you’ll see for some time—making now a smart time to lock in the best rate that suits your personal timeline.
Daily Rankings of the Best CDs and Savings Accounts
We update these rankings every business day to give you the best deposit rates available:
Important
Note that the “top rates” quoted here are the highest nationally available rates Investopedia has identified in its daily rate research on hundreds of banks and credit unions. This is much different than the national average, which includes all banks offering a CD with that term, including many large banks that pay a pittance in interest. Thus, the national averages are always quite low, while the top rates you can unearth by shopping around are often five, 10, or even 15 times higher.
How We Find the Best CD Rates
Every business day, Investopedia tracks the rate data of more than 200 banks and credit unions that offer CDs to customers nationwide and determines daily rankings of the top-paying certificates in every major term. To qualify for our lists, the institution must be federally insured (FDIC for banks, NCUA for credit unions), the CD’s minimum initial deposit must not exceed $25,000, and any specified maximum deposit cannot be under $5,000.
Banks must be available in at least 40 states. And while some credit unions require you to donate to a specific charity or association to become a member if you don’t meet other eligibility criteria (e.g., you don’t live in a certain area or work in a certain kind of job), we exclude credit unions whose donation requirement is $40 or more. For more about how we choose the best rates, read our full methodology.
Bank of America analysts said the auto industry will likely report positive results this quarter, but the future is far less certain.
Companies could suspend or pull their guidance due to tariffs, the analysts said.
If auto tariffs stay at or near current levels, BofA analysts predict that production and sales volumes will decline by nearly 3 million units.
Economic uncertainty remains a key factor in the outlook for the auto industry.
Bank of America analysts wrote Tuesday that they anticipate positive auto industry results this quarter, though uncertainty around tariffs and other factors could cause some companies to pull or suspend their guidance.
However, the results may be less important as investors will likely be paying close attention to outlooks and increasing conversations around tariffs. The bank cut price targets across multiple carmakers, parts, and dealer stocks. One example is Tesla (TSLA), which reported weak deliveries earlier this month and missed Q1 earnings estimates on Tuesday.
Analysts said it will be hard for companies to provide expectations beyond the first quarter amid tariff uncertainty. The bank predicts that production and sales will decline by about 3 million vehicles if auto tariffs stay at or near current levels. This could lower operating earnings for General Motors (GM) by 11%, by 7% for Ford (F), 10 to 15% for suppliers, and 3% to 5% for dealers, they estimate.
Tesla shares jumped more than 5% in extended trading on Tuesday as CEO Elon Musk’s comments during the EV maker’s earnings call overshadowed quarterly results that came in well below Wall Street expectations.
An earnings-driven rally sets the stage for a potential breakout from a month-long pennant pattern.
Investors should monitor key overhead areas on Tesla’s chart around $315 and $384, while also watching support levels near $206 and $170.
Tesla (TSLA) shares jumped in extended trading on Tuesday as CEO Elon Musk’s comments during the EV maker’s earnings call overshadowed quarterly results that came in well below Wall Street expectations.
Musk told investors and analysts that, starting next month, he will be allocating far more of his time to Tesla and less to running the Department of Government Efficiency. The comments came after Tesla reported bigger-than-expected declines in revenue and profit, as the company’s automotive business slumped amid lower volumes and sagging average sales prices.
Tesla shares have faced heavy selling pressure in recent months over concerns that Musk’s active involvement in the Trump administration has hurt the company’s brand and sales. The stock is down 41% since the start of the year as of Tuesday’s close, significantly underperforming the S&P 500’s 10% drop over the same period. Tesla shares gained 5.4% to $250.80 in the after-hours session.
Since breaking down from an ascending broadening formation last month, Tesla shares have consolidated within a pennant pattern ahead of the company’s quarterly results.
While trading volume eased last week, share turnover has generally increased since the stock found a local bottom in early March, indicating that larger market participants had positioned ahead of time for a significant post-earnings move. Indeed, the shares look set to pop on Wednesday’s open, setting the stage for a potential breakout above the month-long pennant pattern.
Let’s identify two key overhead areas that may come into play amid results-driven buying and also locate important support levels worth watching during possible profit-taking periods.
Key Overhead Areas to Monitor
A decisive breakout from the pennant pattern could see Tesla shares climb to $315. Tactical traders who expected a post-earnings rally may look for profit-taking opportunities in this area near the high of a prominent countertrend rally that formed on the chart in August 2022.
The next overhead area to track sits around $384. This level on the chart may provide overhead selling pressure near a brief period of consolidation below the stock’s December high, with the area also lining up with the April 2022 peak.
Crucial Support Levels Worth Watching
A breakdown below the pennant pattern could initially trigger selling down to $206. The shares may encounter support in this region near last February’s countertrend swing high and range of corresponding price action on the chart between June and September.
Finally, selling below this level could see Tesla shares revisit lower support around $170. Investors may seek entry points in this location near a period of sideways drift that developed on the chart throughout most of May and June last year.
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As of the date this article was written, the author does not own any of the above securities.
