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As of press time, Dow Jones futures rose 0.44%, S&P 500 futures rose 0.42%, and Nasdaq futures rose 0.24%.
Tesla (TSLA, stock price $172.08, market cap $539.208 billion) rose over 1.5% in pre-market trading. Tesla has raised the prices of its Model X, Model S, and Model Y cars in the US. Additionally, Musk announced the hiring of a new CEO for Twitter, but did not disclose the person’s name.
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Faraday Future (FFIE, stock price $0.19, market cap $14.9 million) rose nearly 10% in pre-market trading. The company reported net revenue of $6.5 million for Q1 of the 2023 fiscal year, compared to a loss of $153.1 million for the same period last year. The company announced it will begin the first phase of deliveries at the end of May.
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