Tesla kicks off earnings season for Big Tech’s ‘Magnificent 7’ amid huge market cap drops spurred by ‘massive uncertainty and chaos’ from White House

Q: How long will it take to read this news story?

The story "Tesla kicks off earnings season for Big Tech’s ‘Magnificent 7’ amid huge market cap drops spurred by ‘massive uncertainty and chaos’ from White House" has 634 words across 4 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Tesla kicks off earnings season for Big Tech’s ‘Magnificent 7’ amid huge market cap drops spurred by ‘massive uncertainty and chaos’ from White House" was covered 4 days ago by Fortune, a news publisher based in United States.

Q: How trustworthy is 'Fortune' news outlet?

Fortune is a fully independent (privately-owned) news outlet established in 1929 that covers mostly economy and business news. The outlet is headquartered in United States and publishes an average of 36 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28096396</li><li>URL: https://tessjds.beamstart.com/news/tesla-kicks-off-earnings-season-17452314448890</li></ul>

Fortune Logo Fortune 4d ago

Tesla kicks off earnings season for Big Tech’s ‘Magnificent 7’ amid huge market cap drops spurred by ‘massive uncertainty and chaos’ from White House - Fortune

Quick Summary:

Since President Trump's Jan.20 inauguration, Big Tech stocks have been on a see-sawing ride that has eviscerated trillions of dollars in shareholder wealth.

A temporary freeze on the majority of the most punitive tariffs and an exemption from most of the fees on electronics coming in from China has provided some relief, but Trump has made it clear the reprieve may be short-lived.

The ritual will kick off Tuesday when Tesla is scheduled to release its full financial report after already revealing that its first-quarter car sales dropped by 13% from the same time last year.