Notizia

Tesla Inc's eye-popping profit margin has raised doubts among Wall Street analysts if the company would be able to keep at it amid rising commodity costs and higher expenses to increase production.

By Saikat Chatterjee, Julien Ponthus and Gertrude Chavez-Dreyfuss

LONDON/WASHINGTON (Reuters) -U.S. stocks surged higher Thursday, buoyed by strong corporate earnings and new jobless data, while bond markets continued to sell off as investors bet on aggressive global interest rate hikes.

(Reuters) -AutoNation Inc and other brick-and-mortar auto dealerships in the United States turned shortages of new and used vehicles to profitable advantage in the first quarter, but investors sold the No. 1 U.S. auto retailer's shares Thursday despite stronger than expected results.

The Nasdaq led Wall Street's main indexes higher on Thursday, lifted by a surge in Tesla shares, with airline stocks providing added boost after United Airlines and American Airlines forecast a return to profitability in the current quarter.

(Reuters) -A surge in Tesla shares was set to lift U.S. equity indexes at the open on Thursday, with airline stocks providing added boost after United Airlines and American Airlines forecast a return to profitability in the current quarter.

(Reuters) -No. 1 U.S. auto retailer AutoNation Inc reported first-quarter results that topped Wall Street estimates on Thursday, boosted by robust demand for used vehicles as consumer preference for personal transportation remained high despite surging vehicle prices.

Stellantis' Citroen announced on Thursday the end of its C4 Grand SpaceTourer model, drawing a line under 30 years of minivans that embodied the brand's family image now overshadowed by SUVs.

Bond markets suffered another sharp sell-off on Thursday as investor bet on aggressive global interest rate hikes, while the euro climbed after French President Emmanuel Macron bolstered his weekend re-election hopes in a heated TV debate.