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Thursday's Most Active Stocks After Tesla's Report

After markets closed yesterday, Tesla (TSLA) posted poor results, offset by hope of an optimistic outlook on new products.

In the fourth quarter, Tesla posted $2.5 billion in non-GAAP net income, earnings per share of 71 cents, and revenue growing by 3.5% Y/Y to $25.2 billion. The EV giant exuded its dominance with 484,989 vehicles produced, up by 13% Y/Y. Worryingly, operating margin fell to 8.2% compared to 16% last year. Price cuts and the vehicle mix hurt margins.

The company is cautiously optimistic about the benefits of manufacturing cost reductions, acceleration of AI, software, and fleet-based profits.

TSLA is among the most active stocks today. Watch out for weakness in shares of Lucid Motors (LCID), Fisker (FSR), and Rivian Automotive (RIVN). Chinese firms XPeng (XPEV) and NIO will likely face selling pressure, too.

In the streaming sector, Netflix (NFLX), which gained 10.7% yesterday, needs to break out above $562.50 to solidify its uptrend. Similarly, Paramount (PARA) stock will trade on high volume today. Rumors that David Ellison made an offer for National Amusements, the Redstone family company that controls Paramount, is the catalyst. The acquisition chatter should help Warner Bros Discovery (WBD) and Sony today, too.

In the tech sector, Advanced Micro Devices (AMD) closed at a new high yesterday. Trading volume should heighten again today as momentum investors trade the AI theme.