Monday’s Headlines: Tesla Delivers Record Q1 Vehicle Numbers

Monday’s Headlines: Tesla Delivers Record Q1 Vehicle Numbers

Here were the biggest movers in the MyWallSt shortlist on Friday:

Moving Up ⬆️

nCino (NCNO) +13.7%

Lemonade (LMND) +6.3%

Huazhu Hotels Group (HTHT) +6.3% Group (TCOM) +6.2%

Baozun (BZUN) +5.0%

Moving Down ⬇️

Lovesac (LOVE) -4.8%

FedEx (FDX) -4.4%

Bumble (BMBL) -3.6%

Redfin (RDFN) -2.9%

Ulta Beauty (ULTA) -2.5%

1. On Saturday, Tesla (TSLA) reported that it produced 305,407 vehicles and delivered 310,048 vehicles in the first quarter of 2022, breaking its own record for the latter. Analysts expected deliveries of 317,000 vehicles for the first three months of 2022, but due to ‘exceptionally’ difficult circumstances surrounding widespread parts shortages, inflation, and factory shutdowns in China due to COVID-19, it was still a strong result, with sales up 68% year-over-year (YoY). Tesla’s recent opening of a factory in Germany, as well as strong growth, are plenty of reasons for optimism among investors, as it continues to outstrip competitors in EV sales. Read the official report here.

2. Amazon (AMZN) workers at a Staten Island warehouse voted Friday to join a union, the first time that’s happened at one of the company’s U.S. facilities. The result is a groundbreaking move for organized labor and a stinging defeat for the e-commerce giant, which has aggressively fought unionization efforts at the company. However, Amazon’s share price has remained steady following the move, despite reports from the historic union that it may file objections against the company before the election result is certified. The union hopes to begin bargaining for better working conditions as early as May. Such a move could jeopardize Amazon’s famous 2-day Prime delivery model, so investors should keep an eye on developments. Read more here.

3. It’s a bad start to the week for Big Tech as Microsoft (MSFT) became the newest target of EU antitrust watchdogs. The European Commission is circling Microsoft’s cloud business and licensing deals after four competitors filed complaints about the company’s practices. An investigation seeks to determine if the terms of Microsoft’s licensing deals with cloud service providers allow rivals to compete effectively; if companies need Microsoft’s OS and apps to complement their own cloud infrastructure in order to compete effectively; and the structure of commercial terms for packaging and reselling Microsoft’s cloud services. The European Commission has fined Microsoft $2.4 billion over the past decade for antitrust violations. Read the complete story here.


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