Tesla Offers New Model Y After Sales Concerns; Macro in Focus

Following Monday's volatile session where U.S. equities largely ended flat, attention shifts to early post-market developments and global macro signals. Electric vehicle giant Tesla (TSLA) introduced a new all-wheel drive Model Y variant in the U.S., priced at $41,990. This move could provide some positive sentiment after TSLA shares plunged yesterday on reports of slowing sales in key international markets and a significant supplier deal collapse.

Elsewhere, AppLovin (APP) saw its stock lose 30% in January, highlighting continued pressure on some growth names after strong prior-year performance. On the global front, Australia's central bank raised interest rates for the first time since late 2023, citing six-quarter high inflation, signaling that global monetary tightening pressures may not be entirely behind us as investors look towards the upcoming trading day.