Tesla shares dropped -6.4% after-hours, driven by a significant miss in Q2 EPS and free cash flow, lower production and volume growth guidance, and declining gross margins.
Alphabet initially rallied c2% post-earnings on strong Q2 results, but later fell -1.6% in after-hours, leading to uncertainties in the upcoming cash trade.
S&P500 and NAS100 futures remain largely unchanged post-earnings, impacting Asia indices opening, with ASX200 expected to outperform due to the materials and financials sector performance.
ASX200 is seen making gains due to the outperformance of S&P500 materials and financials sectors, suggesting positive open for the Australian index.
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