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Markets live: Tesla shares tumble, ECB holds rates, FTSE 100 sets fresh record
Shares in Tesla have tumbled as much as 9 per cent in the opening minutes of US trade after Elon Musk said the company was in a “weird transition period” as it coped with the end of US tax incentives on electric cars, shifting tariffs, and regulatory uncertainty around self-driving cars.
The European Central Bank has decided to hold rates at two per cent, the first time it has not cut rates in more than a year.
The FTSE 100 hit a fresh all-time high when markets opened this morning, led by a more than 8 per cent rise for consumer goods business Reckitt.
Vodafone’s stock is up after a sales boost from its merger with Three, while shares in ITV jumped on a better-than-expected digital performance.