TESL is trading 3.82% higher as consumer-discretionary sentiment benefits from Gap’s strong second-quarter profit and new Old Navy CEO appointment.
- Gap shares surged after earnings, with adjusted EPS of 52 cents versus 48 cents expected, lifting retail-sector optimism.
- Renewed U.S.-Iran tensions, higher oil prices, and hawkish Federal Reserve signals are pressuring broader equities and limiting confidence in the move’s durability.