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Tesla (NASDAQ: TSLA) shares fell more than 5% in U.S. premarket trading on Thursday, after CEO Elon Musk cautioned investors about a potentially challenging period for the electric vehicle giant. The warning comes as the company struggles with softer consumer demand and the looming expiration of key federal tax incentives for EV buyers.
The U.S. dollar edged higher Thursday but remains at low levels, while the euro slipped ahead of the latest policy-setting meeting from the European Central Bank.
Stocks across Asia rose on Thursday, with the Australian dollar reaching an eight-month high, buoyed by optimism surrounding corporate earnings and ongoing trade negotiations.
Oil prices edged higher during Thursday’s Asian trading session, supported by data showing a sharp drop in U.S. crude inventories, as investors cautiously awaited developments on trade agreements ahead of Donald Trump’s looming deadline.
Bitcoin posted modest gains in Asian trading on Wednesday, rising 0.5% to $118,582.7 as of 02:10 ET (06:10 GMT). The move was supported by improved global risk sentiment following news of a trade breakthrough between the United States and Japan.