The initial quarter proved harsh for Tesla investors, with shares of the electric vehicle manufacturer plummeting by 29% over the first three months of the year. This marks Tesla's worst quarterly performance since the close of 2022 and the third most challenging quarter since its initial public offering in 2010. Additionally, Tesla emerged as the top loser within the S&P 500 index during this period.
On Friday morning, Adobe's shares experienced a 13% decline following the company's announcement of first-quarter results surpassing expectations, yet coupled with a modest quarterly revenue forecast.
Meta on Wednesday reported its second-quarter revenue decline since its IPO and warned it was making “substantial changes” to cut...