Tesla, Nio and 3 stocks heading into Tuesday – SemiLEDs…

Tesla, Nio and 3 stocks heading into Tuesday – SemiLEDs…

Facebook
Twitter
LinkedIn

With US stock futures trading higher this Tuesday morning, some of the stocks that may draw investor focus today include the following:

  • Tesla, Inc. TSLA reported fourth-quarter shipments that were below market estimates. The company delivered more than 405,278 cars and produced over 439,000 in the fourth quarter. This represented a year-over-year increase of 31.33% and sequential growth of 17.87%. The consensus estimate for Q4 deliveries compiled by Tesla’s Investor Relations was 417,957 units. The Company is expected to report its fourth quarter and full year results on Wednesday, January 25, 2023, after market close. Tesla shares gained 1.1% to close at $123.18 on Friday.
  • Wall Street expects SMART Global Holdings, Inc. SGH Quarterly earnings of $0.57 per share on after-market sales of $447.70 million. SMART Global shares fell 1.5% to trade at $14.88 on Friday.
  • LiAuto Inc. LI reported delivering 21,233 vehicles in December, a record monthly performance. In the fourth quarter, the company sold 46,319 cars. Shares of Li Auto gained 4.7% to close at $20.40 on Friday.

Check out ours premarket coverage here

  • NIO Inc. NEVER reported that it delivered 15,815 vehicles in December, marking a new record high in monthly deliveries and also representing 50.8% year-on-year growth. 40,052 vehicles were delivered in the fourth quarter, an increase of 60.0% year-on-year. NIO shares fell 2.4% to close at $9.75 on Friday.
  • SemiLEDs Corporation LEDs is expected to report financial results for the first quarter of fiscal 2023 ended November 30, 2022 prior to the opening bell today. SemiLEDs shares are up 3.9% to trade at $1.60 on Friday.

Read this next: This Ford options trader is betting the stock will rise at least that much by January’s expiration

[ad_2]

Source story

More to explorer