Tesla (TSLA, Financial) saw a significant increase of 6.94% in its stock price. CEO Elon Musk announced that he has returned to a "24/7 work schedule" to focus on critical projects across his companies, including Tesla, social media platform X, AI company xAI, and the upcoming launch of the Starship spacecraft. However, Tesla's vehicle sales in Europe for April dropped by 49% year-over-year, totaling 7,261 units.
NVIDIA (NVDA) also experienced a gain of 3.21% as it prepares to release its financial report. Analysts suggest that a positive report could drive a rebound in U.S. stocks, given the large amount of investor capital currently in cash funds.
Apple (AAPL) shares rose by 2.53% following the signing of a new law in Texas requiring age verification for app store users. This move highlights the ongoing debate over regulating smartphone usage among minors.
Elsewhere, Microsoft (MSFT) stock increased by 2.33% with upcoming AI enhancements to its classic products like Notepad and Paint. Meta Platforms (META) faced a talent drain in its AI division, impacting its innovation capabilities.
Tesla (TSLA, Financial) remains a focal point, given Musk's renewed commitment to his projects.
