US equities (^GSPC, ^DJI, ^IXIC) posted gains as investors cheered the Consumer Price Index (CPI) reading for April. Tech powerhouse Nvidia (NVDA) also rose as Keybanc noted there was little potential for a slowdown in demand for their products. Financial Analyst Kevin Paffrath joined the show to discuss Tesla (TSLA) voicing his concerns over the future of the company and claimed it has a "massive cash problem." For more expert insight and the latest market action, click here
Vehicle prices continued their downward trend in April as costs continue to moderate from pandemic-era highs.
Coming into Thursday, Tesla has declined 30% this year. Slowing demand growth for electric vehicles has weighed on investor sentiment.