Tesla Misses Earnings Estimates As Growth Slows, IBM Tops Views
• Tesla earnings significantly missed views as revenue growth slowed; warned 2024 growth may be "notably lower" than 2023.
• ServiceNow, Lam Research earnings topped views; United Rentals beat and hiked dividend 10%.
• IBM earnings beat expectations with strong cash flow outlook.
• Market rally extended Wednesday before pulling back; Treasury yields reversed higher.
• Analysts cutting 2024 Tesla EPS views on price cuts/incentives; cost reductions largely over.