TSLA Takeaways, IBM Fades, Crude Oil Climbing

Market Overview - The market is currently experiencing a consolidation phase with a rotation towards defensive sectors, following a recent pullback and resistance around the 6750 level [2][5][6] - The 10-year yield has recently broken below 4%, but there are concerns about potential upward movement which could impact equity markets [3][4] Tesla Earnings Report - Tesla reported mixed results, missing earnings expectations with adjusted earnings per share at $0.50 compared to the expected $0.54, while revenue exceeded expectations at $28.1 billion, a 12% year-over-year increase [9][10] - Automotive revenue increased by 6% year-over-year, but net income fell by 37% year-over-year, indicating cost pressures and competition in China [10][12] - Energy generation and storage revenue rose significantly by 44% year-over-year, now accounting for approximately 25% of total revenue [11] - Future growth is anticipated in areas such as robo-taxis and humanoid robots, with analysts raising price targets for Tesla post-earnings [13][14] IBM Earnings Report - IBM's earnings report showed better-than-expected results, with adjusted earnings per share at $2.65 against an expectation of $2.45, and revenue at $16.33 billion, surpassing the $16 billion forecast [16][17] - The company experienced a 9% year-over-year revenue growth, driven by demand for artificial intelligence products and services [17][18] - However, there are concerns regarding deceleration in the Red Hat Enterprise segment, which has been a significant expense for IBM [18] Crude Oil Market - Crude oil prices have risen by 5%, with West Texas Intermediate above $61 per barrel, influenced by U.S. sanctions on major Russian oil companies [19][21] - Factors contributing to the price increase include a short covering squeeze and potential tightening of global supplies [20][21] - The market is cautious as OPEC may respond to price increases by adjusting production quotas, which could have bearish implications [22]