Tesla, GM, GameStop Lead Stock Movements Today

Stock futures were mostly higher on Thursday. This came after President Donald Trump imposed a 25% tariff on foreign-made cars. The news raised concerns about the U.S. and global economies. Several stocks were positioned to make significant moves, including Tesla, GM, Ford, and others.

Tesla (TSLA) was up 0.9% in premarket trading. Despite a 5.6% drop on Wednesday, the company is still in focus. Tesla assembles cars in the U.S., but some parts are imported. This makes Tesla vulnerable to tariffs.

GM (GM) saw a 5.4% dip in premarket trading. General Motors assembles about 55% of its vehicles in the U.S. Ford (F) dropped 2.7%, as it assembles about 80% of cars in the U.S. Stellantis, which owns Jeep, saw a 1% decline.

Super Micro Computer (SMCI) gained 0.2% after falling 8.9% on Wednesday. The company manufactures AI servers. Nvidia (NVDA) fell 0.7% after a 5.7% decline the previous session. Nvidia is facing issues with the U.S.-China trade dispute.

Advanced Micro Devices (AMD) dropped 2.4% after Jefferies downgraded it. Analysts cited AMD’s limited progress in artificial intelligence. GameStop (GME) tumbled 6.6% after announcing a $1.3 billion private offering. The company plans to invest in Bitcoin with the proceeds.

Jefferies Financial Group (JEF) saw a 5.2% decline. It reported a drop in asset management returns. Concentrix (CNXC) rose 5.6%, beating fiscal expectations. Verint Systems (VRNT) fell 9.3% after missing earnings estimates.

Tesla’s Lead at Risk as Rivian Expands Beyond Electric Cars

H.B. Fuller (FUL) saw a 5.7% rise despite reporting lower earnings. Steelcase (SCS) rose 8.9%, beating expectations with strong earnings. Earnings reports from Lululemon, TD Synnex, Braze, and Winnebago Industries come Thursday.

Tesla Stock Resilience Amid Market Volatility

Despite the ups and downs in the market, Tesla stock movements remain a key point of focus. With the latest tariff news and trade tensions, Tesla’s stock is showing resilience, but it’s clear that external factors continue to play a big role in its performance. Investors will be keeping a close eye on how it reacts in the coming days.

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