The S&P 500 was pulled in different directions on Tuesday as Tesla shares jumped and Nvidia shares declined.
Here are the stocks on the move midday: Tesla – Tesla surged nearly 9% after the electric vehicle company reported stronger-than-expected second-quarter deliveries. The Elon Musk-led company delivered 443,956 vehicles, while analysts polled by StreetAccount expected deliveries of 439,000. The figure showed a 4.8% decline from a year ago but was 14.8% above first-quarter numbers. Polestar – The EV manufacturer tumbled 7% after its first-quarter loss widened to $274.3 million from $37.
Polestar reported an 80% increase in car deliveries in the second quarter of 2024 compared to the first. Paramount Global – Shares of the owner of CBS and MTV rose 3% after CNBC reported that it was in talks with several companies concerning a potential merger of its Paramount+ streaming service. Warner Bros. Discovery is one of the companies that has expressed interest in reaching a deal that would combine Paramount+ with Max, according to people familiar with the matter. Warner Bros.
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