Welcome to Markets Desk, let's get you caught up on what's moving.
Tesla is under fresh pressure after analysts trimmed their price targets, citing the company's decision to push capital expenditure above twenty-five billion dollars this year. Coming off back-to-back years of falling deliveries, investors are questioning whether that level of spending is a bold pivot or a costly overreach.
Shifting to commodities, arabica coffee futures are firming up, gaining nearly one percent on the session as supply concerns out of Colombia tighten the market. Colombia's Coffee Federation flagged a shortfall in the current crop year, and with the country being the world's second-largest arabica producer, any squeeze there tends to move prices quickly and meaningfully.
Meanwhile crude oil is holding modest gains, up roughly a quarter of a percent, after recovering from early session weakness. The driver is familiar — renewed concerns about Middle East supply disruptions, with Houthi attacks on Saudi infrastructure keeping a floor under prices even as broader demand signals remain mixed.
That's the tape. Markets Desk, signing off the floor.
