Last week, Tesla Inc. (TSLA) experienced a significant decline of nearly 15% following its earnings report, while Space Exploration Technologies Corp. (SPCX) fell 47% since its IPO last month, marking an all-time low despite a successful Starship test. This downturn reflects broader market volatility driven by surging oil prices linked to ongoing conflict in the Middle East.
Simultaneously, investor Louis Navellier reported that his portfolio managed to finish in positive territory amidst the turbulence, highlighting the resilience of fundamentally strong stocks during earnings season, which he anticipates will be the year’s biggest market catalyst.
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