Investors in the electric vehicle and lithium mining sector will watch Tesla (TSLA) today. The firm posted earnings per share of $0.27 (adjusted). This did not meet the 39-cent consensus estimate.
Tesla’s revenue fell by 9% Y/Y, hurt by automotive revenue falling by a concerning 20%. The company’s board members will need to assess the impact of CEO Elon Musk’s involvement as the DOGE leader. It might need a plan that would distance Tesla’s brand away from Musk’s political affiliation.
RTX (RTX) posted a strong backlog in its Q1/2025 report. Raytheon’s backlog benefited from international strength, especially in Europe. Backlog growth will slow to the mid-single-digit percentage this year, which caused shares to fall nearly 10% on Tuesday.
Northrop Grumman (NOC) reported earnings of $3.32 a share, or $481 million. This is a decline from $6.32, or $944 million, last year. NOC stock fell by 12.66% yesterday. CEO Kathy Warden said that inflation caused most of the company’s charges worth nearly $2 billion.
First Solar (FSLR) jumped by 10.53%. The U.S. government will impose tariffs of up to 3,521% on Southeast Asia. This includes Vietnam, suggesting the 90-day pause on tariffs will benefit domestic firms and hurt Asian exporters. Unfortunately, the government is dismantling the Inflation Reduction Act. As a result, manufacturing capacity in the U.S. will not grow. This will put the U.S. solar market markets further behind.
