Tesla deliveries miss as Baidu pops on AI chip IPO plan and Nasdaq opens 2026 higher
Baidu surged nearly 13% after its AI chip unit filed confidentially for a Hong Kong listing. Tesla dropped 0.7% following a 15.6% year-on-year decline in quarterly deliveries, missing forecasts. The S&P 500 gained 0.38% and the Nasdaq rose 0.75% in early trading, led by technology shares.