Joining the discussion is Valerie Teitel, a Bloomberg Markets reporter known for her keen insights into market-moving developments. She dives into Tesla's premarket surge despite disappointing delivery estimates. Valerie also sheds light on a bounce back in silver and gold mining stocks following a drastic silver selloff. Additionally, she examines Meta's strategic acquisition of AI startup Manus, highlighting its implications amid U.S.-China tech tensions.
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insights INSIGHT
Tesla's Rebound After Delivery Data Miss
Tesla led a modest premarket rebound after sliding the prior day amid broad tech weakness.
Valerie Teitel notes delivery data slightly missed Bloomberg's estimates, weighing on sentiment.
insights INSIGHT
Miners Rally With Precious Metals Recovery
Gold and silver's bounce lifted mining stocks globally, driving miners higher in the U.S. and Europe.
Valerie Teitel ties miners' moves directly to commodity price rebounds after sharp prior-day losses.
insights INSIGHT
Silver Producers Snap Back After Rout
Silver producers like Hecla and Coeur recovered after a steep selloff the day before.
Teitel highlights Newmont's big swing, falling hard then rising as gold stabilized.
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- Shares of Tesla (TSLA) rebounded in premarket trading after the company published a compilation of analyst estimates for vehicle deliveries to its website, with averages for the current quarter more pessimistic than those gathered by Bloomberg. By Tesla’s count, analysts on average expect the company to deliver 422,850 cars in the fourth quarter, down 15% from a year earlier. That compares with a Bloomberg-compiled average of 445,061 vehicles, a 10% drop.
- Silver and gold mining stocks are higher ahead of the US market open as the precious metals rebound, with gainers including Hecla (HL), Coeur (CDE), and Barrick (B). Silver recovered some losses after its biggest one-day drop in more than five years, with a lingering supply shortage keeping the metal on track for a monthly gain of about a third, while gold edged up after its steepest drop in two months. Tighter margin requirements and technical indicators signaling an overstretched rally both contributed to the selloff, with thin market liquidity exacerbating recent price swings.
- Shares of Meta (META) fluctuated in the early session after the company agreed to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots, in its effort to build a business around its massive AI investment. The deal values Manus at more than $2 billion, according to people familiar with the matter. It marks a rare US acquisition of an Asian tech company and the latest multibillion-dollar AI bet from Meta Chief Executive Officer Mark Zuckerberg. Meta intends to continue operating and selling the Manus service while also integrating it into its products, it said in a statement. Backed by some of China’s biggest names like Tencent Holdings Ltd., ZhenFund and HSG, Manus shot to prominence early this year not long after DeepSeek’s debut.
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