Tesla stock continued to rise 1.8% in overnight trading after finished 11.9% higher on Monday. The stock notched its best day since Nov. 6, 2024, the day following President Donald Trump’s victory in the election, making it the best-performing stock in the S&P 500 for the day.
Tesla shares benefited from an uptick in broader market sentiment Monday, after The Wall Street Journal reported Trump’s reciprocal tariffs starting April 2 may be more targeted than previously expected. Tariffs on industrial sectors are now unlikely to be announced then, the report stated. Certain nations may also be excluded from the tariffs, according to a separate report from Bloomberg. Both the Journal and Bloomberg reports noted that the situation remains fluid and the plans could change.
Trump Media stock, which operates social media platform Truth Social, rose 9% in overnight trading. President Donald Trump's media company Trump Media & Technology Group said on Monday it is partnering with Crypto.com to launch exchange-traded funds and products through its Truth.Fi brand.
Oklo stock slipped 7% in overnight trading, after the nuclear start-up posted a widening annual loss and noted that "significant" financial losses were expected for the near future.
The company, which has no revenue, reported a net loss of 74 cents a share in 2024. That compares with 47 cents in 2023.
"We are an early--stage company with a history of financial losses, and we expect to incur significant expenses and continuing financial losses, " the company wrote in a filing with the Securities and Exchange Commission.
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