New York: Wall Street futures edged lower on Thursday, as investors digested lackluster quarterly results from electric vehicle giant Tesla and tech heavyweight IBM. The disappointing earnings from these major corporations, combined with persistent trade tensions and concerns over inflation, set a cautious tone for the markets ahead of key economic data releases.

Tesla’s third-quarter results reflected a mixed performance, with revenue slightly surpassing expectations but profits falling short. The electric carmaker’s shares dropped more than 3% in pre-market trading, raising fresh doubts about demand growth and profitability amid rising competition in the EV market. Investors were particularly concerned about the company’s margin pressures and slowing deliveries in China and Europe.

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