S&P and Nasdaq Reach Record Highs; Tesla Q1 EPS of $0.41 Exceeds Consensus

Following news of Iran's indefinite ceasefire extension, Nasdaq surged 1.6% to an all-time high, while S&P 500 climbed approximately 1% and Dow rose 0.6%. Tesla's Q1 2026 earnings, announced after market close, reported revenue of $23.8 billion (up 16% year-over-year) and non-GAAP EPS of $0.41, surpassing consensus of $0.37, with automotive gross margin improving 478 basis points to 21.1%. However, deliveries of 358,023 units fell short of market expectations of 365,645 units, though after-hours trading showed a 3% stock price increase.