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The Kobeissi Letter
BREAKING: Tesla, $TSLA, delivers 336,681 vehicles in Q1 2025, below expectations of 390,343.
Tesla also produced 362,615 vehicles in Q1 2025, below expectations of 412,148.
The stock is trading lower on the news. https://t.co/NISMkRw2jE
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BREAKING: Tesla, $TSLA, delivers 336,681 vehicles in Q1 2025, below expectations of 390,343.
Tesla also produced 362,615 vehicles in Q1 2025, below expectations of 412,148.
The stock is trading lower on the news. https://t.co/NISMkRw2jE
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The Kobeissi Letter
BREAKING: The Nasdaq 100 falls -250 points at the open as “Liberation Day” begins.
President Trump is set to speak at 4 PM ET. https://t.co/EvaobemVxS
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BREAKING: The Nasdaq 100 falls -250 points at the open as “Liberation Day” begins.
President Trump is set to speak at 4 PM ET. https://t.co/EvaobemVxS
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The Kobeissi Letter
BREAKING: President Trump suggests "tariffing the value" of Fentanyl imports into the US to "make it more costly to distribute and buy."
It's unclear exactly how this would be implemented. https://t.co/wdWNQLWCsc
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BREAKING: President Trump suggests "tariffing the value" of Fentanyl imports into the US to "make it more costly to distribute and buy."
It's unclear exactly how this would be implemented. https://t.co/wdWNQLWCsc
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Quiver Quantitative
JUST IN: Representative Mikie Sherrill has introduced legislation to require drug testing for Elon Musk and DOGE https://t.co/19j4j8Njmc
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JUST IN: Representative Mikie Sherrill has introduced legislation to require drug testing for Elon Musk and DOGE https://t.co/19j4j8Njmc
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The Kobeissi Letter
Small-cap stocks continue to underperform:
The Russell 2000 relative to the S&P 500 has dropped to its lowest level since January 2001.
The ratio between small-cap and large-cap stocks has declined 36.0% over the last 4 years.
This comes as the S&P 500 has gained +41.8% while the Russell 2000 has fallen -10.0% during this period.
This year alone, small-cap stocks have fallen -9.7%, more than double the S&P 500's -4.5% decline.
Without more economic certainty, small caps will lag.
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Small-cap stocks continue to underperform:
The Russell 2000 relative to the S&P 500 has dropped to its lowest level since January 2001.
The ratio between small-cap and large-cap stocks has declined 36.0% over the last 4 years.
This comes as the S&P 500 has gained +41.8% while the Russell 2000 has fallen -10.0% during this period.
This year alone, small-cap stocks have fallen -9.7%, more than double the S&P 500's -4.5% decline.
Without more economic certainty, small caps will lag.
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The Kobeissi Letter
BREAKING: President Trump has reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role," per Politico.
Tesla stock, $TSLA, is up sharply on the news. https://t.co/J9OH8BSNUv
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BREAKING: President Trump has reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role," per Politico.
Tesla stock, $TSLA, is up sharply on the news. https://t.co/J9OH8BSNUv
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The Kobeissi Letter
BREAKING: Tesla stock, $TSLA, erases decline and rises +2% on the day on reports that Elon Musk will be stepping back from his current role in the Trump Administration in the coming weeks. https://t.co/B5bJjqsO0H
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BREAKING: Tesla stock, $TSLA, erases decline and rises +2% on the day on reports that Elon Musk will be stepping back from his current role in the Trump Administration in the coming weeks. https://t.co/B5bJjqsO0H
BREAKING: President Trump has reportedly told his inner circle that Elon Musk will be "stepping back in the coming weeks from his current role," per Politico.
Tesla stock, $TSLA, is up sharply on the news. https://t.co/J9OH8BSNUv tweet
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The Kobeissi Letter
Tesla, $TSLA, is now up +12% from its low of the day as markets price-in a potential Elon Musk departure from DOGE. https://t.co/LWYjhzKH7d
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Tesla, $TSLA, is now up +12% from its low of the day as markets price-in a potential Elon Musk departure from DOGE. https://t.co/LWYjhzKH7d
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