Tesla (TSLA) recalled approximately 200,000 vehicles this week due to a software malfunction, compounding recent headwinds for the company. The recall adds to Tesla’s challenges including Elon Musk’s bid for more control, JPMorgan slashing its price target, and softer-than-expected earnings for the sixth straight quarter amid slowing EV demand.
In IPO news, BrightSpring Health Services (BTSG) began trading publicly Friday, finishing below its $13 per share offering price. Despite rising investor enthusiasm for IPOs this year, the weak debut indicates a continued rocky IPO market.
Colgate-Palmolive (CL) shares trended higher after the company beat fourth-quarter estimates on organic sales growth. The stock hit a new 52-week high as a result, showcasing strong performance.
Yahoo Finance’s Josh Lipton and Julie Hyman break down the details.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo…
