Tesla — Shares of the electric vehicle company slipped nearly 2%, despite headline beats on earnings and revenue for Tesla’s first quarter. The company’s net profit was boosted by regulatory credits and a $101 million benefit from selling bitcoin. CEO Elon Musk said that issues in the auto supply chain remain a problem for Tesla along with its competitors.
Crocs — The footwear company’s share price soared about 17% after Crocs reported record first-quarter sales and raised its revenue guidance. The company now projects sales to grow 40% to 50% this year, doubling its previous guidance, with CEO Andrew Rees saying the brand is “stronger than ever.”
