Tesla kicks off Mag 7 earnings

The upcoming week marks a significant acceleration in earnings season, with 93 S&P 500 companies reporting, headlined by Tesla’s first-quarter results on Wednesday. Tesla faces scrutiny following delivery data that fell below estimates and a surge in inventory levels to a record 35 days, fueling a debate between analysts who see AI-driven upside and those who view its valuation as unsustainable. Beyond corporate earnings from giants like GE Aerospace, Boeing, and Intel, the market is monitoring a potential 1.3% rise in March retail sales and the impact of rising gasoline prices on consumer resilience. Geopolitical tensions also loom large as the U.S. issues stern warnings to Iran following maritime skirmishes in the Strait of Hormuz. Additionally, American Airlines has formally dismissed rumors of a merger with United Airlines, citing concerns over market competition. Investors should also note ex-dividend dates for Caterpillar, Dell, Lowe’s, and CVS Health throughout the week.