- The Nasdaq closed 0.03% higher at 14,841 to start the week.
- Tesla reported record deliveries and US$11.6bn revenue for Q2.
- Lucid Motors surged 11% on Nasdaq debut through SPAC merger.
The US markets started the week higher as investors await key economic indicators from the Fed out this week including its outlook on inflation and any clues as to when the Fed will begin scaling back its bond buying program.
The Dow Jones rose 0.24% to finish the trading day up 83 points to close at 35,144 points.
The tech heavy NASDAQ rose 0.03% to finish the trading day up 4 points to close at 14,841 points with Tesla and Google gaining 2.21% and 1.33% respectively.
One bitcoin is worth US$37,588 going into the Asian trading day as reports circulate about Amazon potentially entering the digital currency space in the near future.
The Australian dollar is firm against the major currencies and is buying 73.85 US cents.
Electric vehicle giant Tesla released second quarter results after the closing bell yesterday, exceeding all analyst expectations for performance. Tesla reported quarterly revenue of US$11.96bn, up from US$6.04bn for the same period a year earlier. The EV giant also reported record deliveries of 200,000 vehicles in Q2, indicating the global chip shortage crisis does not affect its operations.
Tesla?s newest EV rival Lucid Motors debuted on the Nasdaq yesterday through a SPAC merger with Churchill Capital Corp valuing Lucid at US$24bn. Lucid shares rose 11% in the first hours of trading, closing its debut session with a share price of US$26.83/share
And a Tesla driver reported their Tesla gave off odd readings on the dashboard while cruising down the highway after the Autopilot mode mistook the moon as a yellow traffic light.