US stocks: Wall Street slides after gloomy earnings led by Tesla

Major US stock indexes closed lower on Thursday as investors sought clarity on the path of interest rates and the first-quarter earnings report season began. A fall in Tesla's shares, after it reported its lowest quarterly gross margin in two years and indicated it would continue to reduce prices, contributed to the lower close.

Apr 21, 2023 - 07:30
US stocks: Wall Street slides after gloomy earnings led by Tesla
Major US stock indexes closed lower on Thursday as investors sought clarity on the path of interest rates and the first-quarter earnings report season began. A fall in Tesla's shares, after it reported its lowest quarterly gross margin in two years and indicated it would continue to reduce prices, contributed to the lower close.