Sandra Leggero has a background in financial markets, having spent more than 9 years in commodities trading for several European and Asian companies. She holds a degree in Economics from the University of Pavia and specializes in emerging markets.
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Key Moments
Tesla shares increased 1.8% in Frankfurt trading on Thursday.
The company said it will invest $2 billion in CEO Elon Musk’s artificial-intelligence company xAI.
Tesla confirmed production plans for its Cybercab robotaxi remain on track for this year.
European Trading Reaction
Tesla shares rose 1.8% in Frankfurt on Thursday, following the company’s announcement that it will commit $2 billion to CEO Elon Musk’s artificial-intelligence company xAI and that production of its Cybercab robotaxi is still planned for this year.
Comparison with U.S. After-hours Session
The stock’s performance in Frankfurt was broadly consistent with where Tesla’s U.S.-listed shares finished in after-hours trading. The U.S. shares had initially climbed about 3.5% after the results, but those gains were reduced after investors reviewed details of Tesla’s capital expenditure plans.
Market Performance Snapshot
Market
Session
Move
Context
Frankfurt
Thursday trading
+1.8%
Following xAI investment and Cybercab production update
United States
After-hours
Initial +3.5%, later pared
Adjusted after capital expenditure details
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