Tesla announced record quarterly deliveries, but concerns that an expiration of the U.S. tax credit for EVs would turn a rush of buying into a trickle weighed on its shares. Carmaker went all in to drive sales before the withdrawal of the $7,500 federal tax credit
Oil prices fell over 1% to their lowest in four months, extending a run of declines into a fourth day, due to concerns about oversupply in the market ahead of a meeting of the OPEC+ group over the weekend.
London’s FTSE 100 fell, although it touched another record high during the session, dragged down by losses in healthcare and energy stocks, while Tesco shares climbed after the supermarket giant lifted its annual profit outlook.
Japanese investment company Metaplanet has acquired an additional 5,268 Bitcoin, worth roughly $600 million at current market prices. Metaplanet announced on Wednesday that its latest purchase has brought its total Bitcoin holdings to 30,823 BTC.
The U.S. dollar slid to two-week lows against the yen after data showed private-sector jobs in the world’s largest economy contracted last month, boosting expectations the Federal Reserve will cut interest rates two more times this year.
Tesla CEO Elon Musk became the first person in history to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company’s shares and surging valuations of the tech entrepreneur’s other startups.
