Tesla surges 5.42% as U.S. stocks finish higher; Lululemon plunges after hours

  • Tesla shares climbed 5.42% amid anticipation surrounding its Cybercab event in Austin, Texas.
  • Lululemon cut full-year revenue guidance to $10.35 billion-$10.50 billion from $11 billion-$11.15 billion.
  • Zscaler and UiPath reported quarterly results above revenue estimates, while both stocks moved lower after hours.

Major U.S. stock indexes ended higher, with the Dow Jones Industrial Average up 1.18% at 53,686.11, the S&P 500 rising 1.06% to 7,747.71 and the Nasdaq gaining 1.4% to 26,584.06. Tesla Inc. shares led the featured stocks, climbing 5.42% to $376.36 as investors anticipated the company’s Cybercab event in Austin, Texas. Morgan Stanley analysts said growth in Tesla’s unsupervised fleet, including the Cybercab or Model Y, would be important for the stock’s performance through year-end. Lululemon Athletica Inc. shares closed 1.42% higher at $121.77 but fell 18.17% after hours after the company reported second-quarter revenue below expectations, a 4% year-over-year revenue decline and a 9% drop in comparable sales. It lowered its full-year revenue and EPS outlooks. Zscaler Inc. rose 2.94% after reporting quarterly revenue and adjusted EPS above analyst estimates, and issued fiscal 2027 guidance above Wall Street expectations. UiPath Inc. gained 1.28% after exceeding revenue estimates and raising its fiscal 2027 revenue outlook, although its shares dropped 7.74% in after-hours trading. Space Exploration Technologies Corp., known as SpaceX, jumped 6.42% after the source highlighted its AI development and a $60 billion Cursor acquisition. Benzinga Edge Stock Rankings placed Tesla’s Momentum score in the 17th percentile and Value score in the 3rd percentile.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.