Live Stocks are rallying as Trump eased fears over China tariffs and Powell. See the latest. Shanghai - Delayed Quote • CNY Xinjiang East Universe Gas Co.Ltd. (603706.SS) Follow Add holdings 18.34 +0.16 +(0.88%) At close: 3:00:04 PM GMT+8 Related News Tesla stock rises after Musk says time at DOGE will drop 'significantly' Tesla reported first quarter earnings after the bell on Tuesday that were short of estimates, but Elon Musk's plans to pare back his DOGE activities sent shares higher. Futures rise, Tesla earnings, Apple & Meta fines: 3 Things Here are three things Wall Street is watching on Wednesday, April 23. Futures (ES=F, NQ=F, YM=F) are on the rise after President Trump says he has "no intention" of firing Federal Reserve Chairman Jerome Powell and that he expects tariffs on goods from China to ultimately be lowered. Tesla (TSLA) shares are moving higher. The EV maker posted first quarter results that fell short of analyst estimates, but investors are cheering CEO Elon Musk's comments about spending less time working at DOGE. Apple (AAPL) and Meta (META) are in focus after the European Union fined the two companies nearly $800 million combined for violating laws aimed at curbing Big Tech. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Elon Musk finally acknowledged what must be done to rescue Tesla You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Elon Musk wasted no time on Tesla’s (TSLA) earnings call late Tuesday acknowledging the EV maker’s biggest roadblock to sunnier financial days. That is his outsized time being spent at President Trump’s controversial DOGE master. And he finally clearly articulated what must be done to jumpstart an automaker that saw sales and profits fall off a cliff in the first quarter. “Starting early next month, in May, my time allocation to DOGE will drop considerably," Musk said on the call. The path to renewed sales and profit growth won’t be easy, however. The Tesla brand will likely continue to feel blowback from Musk’s outspokenness on government policies. At the same time, tariff policy stands to hammer margins given Tesla’s exposure to solar panels from China and autos being made outside the US. The uncertainty on how quickly Musk can fix Tesla is something execs pointed to on the earnings release — Tesla yanked its 2025 financial guidance, promising to revisit it when second quarter results hit. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Tesla needs 'the next big thing' to woo the mass market Tesla (TSLA) CEO Elon Musk says the Model Y Refresh is on track, but the new model comes as the electric vehicle (EV) giant faces controversy tied to Musk's political work. Edmunds head of insights, Jessica Caldwell, joins Julie Hyman and Freedom Capital Markets chief global strategist, Jay Woods, on Yahoo Finance's Tesla earnings special to discuss what the next growth driver for Tesla could be. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Sec. Bessent speech, Boeing earnings, housing data: What to Watch Market Domination anchor Julie Hyman outlines stories to watch on Wednesday, April 23. Treasury Secretary Scott Bessent will be speaking at the IIF Global Outlook Forum. A big batch of earnings will be published, including from Boeing (BA), IBM (IBM), AT&T, (T) and Chipotle (CMG). Several Federal Reserve officials will be providing commentary, including from Fed governor Christopher Waller, Chicago Fed president Austan Goolsbee, and Cleveland Fed president Beth Hammack. March new home sales data will be released in the morning, with economists forecasting a rise in sales to 684,000. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Why Tesla's 'best days are behind it' if nothing changes Tesla's (TSLA) first quarter revenue and earnings fell short. The electric vehicle (EV) giant has struggled as CEO Elon Musk shifted focus toward his controversial work in US President Trump's second administration. Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber tells Julie Hyman and Yahoo Finance Head of News Myles Udland that Tesla has turned from a "massive growth story" to "a very mature EV maker with a CEO who doesn't work there." Watch the video above to hear more. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This analyst downgraded Amazon ahead of Q1 earnings. Here's why. Raymond James downgraded Amazon (AMZN) to Outperform from Strong Buy and cut their price target for the stock to $195 from $275, citing tariff headwinds and risks associated with artificial intelligence (AI) spending. The analyst behind the note, Raymond James equity research managing director Josh Beck, joins Julie Hyman on Market Domination to explain the downgrade. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. Stock market today: Dow gains 1,000 points, S&P 500 and Nasdaq gain over 2.5% on signs of tariff progress US stocks recovered some losses on Tuesday after a bruising start to the week, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. Tesla used vehicle prices are tumbling, another worrying sign for the EV maker Tesla prices are continuing to fall in the used market— a good sign for buyers but bad news for current owners. Tesla is 'way down' but 'can go lower': What Elon Musk can do Tesla (TSLA) is set to report first quarter earnings results on Tuesday after the closing bell on Wall Street. Harvest Portfolio Management chief investment officer Paul Meeks joins Morning Brief with Brad Smith and Madison Mills to outline his bearish view of Tesla stock and what he wants to hear from Elon Musk. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. AI Data Center Momentum Remains Strong, Vertiv Says Data center infrastructure provider Vertiv posted better-than-expected first-quarter results and raised its sales outlook for the full year. Top Performing S&P 500 Stock Philip Morris Tops Q1 Views, Led By Zyn S&P 500 component Philip Morris announced first-quarter earnings early Wednesday. The tobacco giant is running towards the top of the index so far this year. Tesla Jumps as Musk Reaffirms Commitment to AI, Shrugs Off Q1 Weakness Elon Musk shifts attention back to Tesla's AI and autonomous goals, boosting investor sentiment despite weak Q1 results Q1 2025 Tesla Inc Earnings Call Q1 2025 Tesla Inc Earnings Call Lockheed upgraded, Oracle downgraded: Wall Street's top analyst calls Lockheed upgraded, Oracle downgraded: Wall Street's top analyst calls Intel Plans Massive Job Cuts, Stock Climb Ahead of Q1 Results Intel Set to Cut Tens of Thousands of Jobs, Stock Moves Higher Should You Forget Rigetti Computing and Buy 2 Artificial Intelligence (AI) Stocks Right Now? Rigetti Computing (NASDAQ: RGTI) has caught the eye of many tech investors over the past couple of years as the quantum computing market has taken shape. The company is knee-deep in this market, designing and manufacturing quantum computing units and systems, as well as running a quantum computing platform application development. Quantum computing hardware and software could be a $170 billion market by 2040, and the enthusiasm around this space has caused Rigetti's share price to surge 588% over the past year. Meta Stock Jumps Despite Explosive Claims of Instagram Sabotage Meta Climbs Even as Instagram Founder Slams Company in Court Is Amazon the Smartest Growth Stock to Buy in April With $2,000? Amazon (NASDAQ: AMZN) is a dominant technology-driven enterprise that has customers all across the globe. This rapid ascent has made Amazon one of the world's most valuable businesses. Viewing things with a fresh perspective today, with an eye toward the future, you might be wondering if the company can continue on its impressive trajectory. Google, Tesla, Boeing, IBM: Stocks to watch today Stock futures wereroaring into the green Wednesday after President Trump pulled back from threats to fire Fed Chair Jerome Powell — the latest twist in a week of market-moving chaos. With Powell’s job seemingly safe for now, investors are riding a wave of relief into a jam-packed day of earnings and economic data. Performance Overview Trailing total returns as of 4/23/2025, which may include dividends or other distributions. Benchmark is SSE Composite Index (000001.SS) Return 603706.SS SSE Composite Index (000001.SS) YTD -1.98% -1.65% 1-Year +42.32% +9.08% 3-Year +35.80% +6.78%