Tesla: The electric-car maker is expected to report a decline in profits, while its shares have declined almost 40 per cent so far this year to 44 cents a share and it continues to cut prices in an effort to stimulate waning demand for electric vehicles. Investors will be keen to learn more about its plans for its self-driving “robotaxis” and its progress on a cheaper electric car known as Model 2.
Other companies: PepsiCo, Freeport McMoran, Halliburton, GE Aerospace, RTX, Lockheed Martin, NextEra Energy, UPS, Philip Morris, Spotify, General Motors and Kimberly-Clark are reporting earnings before the bell. Visa, Texas Instruments and Mattel will report after the markets close.
US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February.
FTC: The Federal Trade Commission will vote on whether to adopt a final rule that would prevent most employers from enforcing non-compete agreements against workers, which have recently become more prevalent in the US.
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