Tesla is a vertically integrated battery electric vehicle automaker and developer of autonomous driving software. The company has multiple vehicles in its fleet, which include luxury and midsize sedans, crossover SUVs, a light truck, and a semi truck. Tesla also plans to begin selling more affordable vehicles, a sports car, and offer a robotaxi service. Global deliveries in 2024 were a little below 1.8 million vehicles. The company sells batteries for stationary storage for residential and commercial properties including utilities and solar panels and solar roofs for energy generation. Tesla also owns a fast-charging network.

This pick list highlights constituents of the Morningstar US Large Cap Index that we believe offer investors the best risk-adjusted return prospects. Stocks of large-cap companies where neither growth nor value characteristics predominate. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap.

Tesla Inc. manufactures and sells electric vehicles, and energy generation and storage systems. The company was founded in 2003 and went public in June 2010 with an initial public offering at $17 per share. Tesla has approximately 49,000 employees. It recently moved its headquarters to Austin, Texas from Palo Alto, California and its stock is a component of the S&P 500 index.

Watching Weekly Claims Wall Street's focus flips back to inflation this week, as key consumer and producer inflation data is due out. Last week, the Dow Jones Industrial Average gained 1.2%, the S&P 500 rose 2.2%, and the Nasdaq popped 1.5%. So far this year, the Dow is up 0.5%, the S&P 2%, and the Nasdaq 1%. Earnings report this week include GameStop, J.M. Smucker, and Dave & Buster's on Tuesday; Oracle and Chewy on Wednesday; and Adobe on Thursday. The final scoreboard for 1Q showed earnings growth of 14%, this after 17% growth in 4Q24 and 9% in 3Q24, according to LSEG. For 1Q, Healthcare was the leading sector, up 46%, while Energy was at the bottom, down 17%. On the economic calendar, Wednesday features the Consumer Price Index, Thursday the Producer Price Index, and Friday an update on Consumer Sentiment. We have adjusted our S&P 500 EPS estimates. For 2025, our forecast for S&P 500 earnings from continuing operations is now $270, reduced from $276. For 2026, our new estimate is $300, reduced from $307. Our new 2025 EPS estimate implies full-year EPS growth of 10%, reduced from 12%. And our new 2026 estimate assumes EPS growth of 10%, reduced from 11%. Meanwhile, the Economic Call of the Week from Argus Chief Economist Chris Graja, CFA, is the report on Initial Jobless Claims, on which he offered the following. 'Last week's print of 247,000 claims for the week ended May 31 is a wake-up call -- but not a fire alarm. Recent data shows a job market that is solid but slowing. The Unemployment Rate is low and steady at 4.2%. Payrolls rose by a solid 139,000 in May, but growth in March and April was revised lower by a notable 95,000. Is this revision and the increase in unemployment claims an inflection point for the economy? Weekly Jobless Claims, which are regarded as a leading economic indicator, can help make an assessment. Next week's four-week moving average of new filings for unemployment insurance will almost certainly remain below the level of 300,000, the level that raises our fears of a recession. But with nearly 285,000 job cuts announced by the federal government this year and only 59,000 appearing in the monthly employment reports through May, we will take a close look at our forecasts if the four-week average stays above 250,000 for several weeks. Turning to other data, the Atlanta Fed GDPNow forecast is at 3.8% for 2Q. That follows the decline of 0.3% for 1Q. The Cleveland Fed Inflation Nowcast calls for a 2.7% rate for CPI in June, which is higher than the May rate. Mortgage rates inched lower last week, with the average 30-year fixed-rate mortgage at 6.85%, according to FreddieMac. Gas prices ticked down three cents to an average of $3.13 per gallon for regular gas. Looking ahead, the next Fed rate decision is on June 18, with odds at 3% for a rate cut, according to the CME FedWatch rate tool. The next meeting after that is on July 30, and odds for a rate cut have fallen to 16%.