Tesla deliveries, Vision Pro production targets - what's moving markets
Investing.com — Tesla unveils bumper second-quarter vehicle deliveries following a move by the electric carmaking giant to lower prices. Meanwhile, Apple is reportedly slashing its production targets for its Vision Pro headset and a major decision in San Francisco hangs over the future of Microsoft's megamerger with Activision Blizzard.
1. Tesla deliveries trounce expectations
Tesla (NASDAQ:TSLA) announced that deliveries in the second quarter jumped to a record 466,140, in a sign that a decision by the electric carmaker's boss Elon Musk to slash vehicle prices may be boosting demand.
The figure — which is seen by shareholders as the closest proxy for sales that Tesla makes available — was 83% higher than the same period last year. It also beat Bloomberg consensus expectations for shipments of 448,350.
Earlier this year, the company unveiled discounts to help lift volumes, with Musk arguing that hefty price tags have dissuaded a «vast number» of potential buyers from purchasing a Tesla car.
Austin, Texas-based Tesla is also pursuing new technology that it hopes will make its cars more affordable and help fend off increased competition in the market for clean energy-friendly automobiles.
The stock zoomed higher by more than 6% in premarket trading on Monday.
2. Futures mixed as second half of 2023 begins
U.S. stock futures were muted on Monday ahead of a shortened trading week, with investors looking ahead to the second half of a year that has already been marked by strong gains on Wall Street.
At 05:11 ET (09:11 GMT), the Dow futures contract dipped by 36 points or 0.10%, S&P 500 futures inched up 2 points or 0.06%, and Nasdaq 100 futures added 42 points or 0.27%.
The main indices all posted increases in the opening
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