Tesla’s share crashed 4.3% at the end of the trading day yesterday. The announcement about the U.S. investigation which was sparked by the EV maker’s autosystem failing could have been the reason for the fall.
Uber announced Q1 earnings yesterday and showed mixed results, with better than expected earnings, but a miss on revenue predictions. Gross bookings, which include both passenger related and food-related orders, were at an all-time high.
The core U.S. consumer price index rose by less than expected yesterday, easing concerns of inflation. The overall CPI, however, rose by the expected amount. The costs of used cars, apparel, and transportation services all declined since the last report in February.