Dow Jones futures fell slightly after hours, while S&P 500 futures and Nasdaq futures rose slightly. TeslaTSLA and Google-parent AlphabetGOOGL beat views but edged lower. Tesla CEO Elon Musk's conference call comments on robotaxis and more are ahead.

US stocks climbed on Wednesday after the US struck a trade deal with Japan, lifting hopes for further tariff pacts as Wall Street got ready for Tesla (TSLA) and Alphabet (GOOGL, GOOG) earnings. The Dow Jones Industrial Average (^DJI) rose more than 1%,

The combination of in-line results and no real guidance update has turned Tesla's earnings into "very much a non-event," said Garrett Nelson, an analyst with CFRA. That means that the post-earnings call with analysts will be even more the focus,

Stocks found support from afternoon news reports that the U.S. and the EU are working toward a deal that would set a 15% tariff on most imports. Earlier, Bloomberg reported that the EU may hit U.S. goods with a 30% levy if no agreement is reached before an Aug. 1 deadline set by President Donald Trump.

Tesla's earnings are due today with an investor call at 5:30 p.m. ET. Elon Musk's politics have rocked TSLA stock, with shares down 18% YTD.

Revenue from regulatory credits, historically a key stream for Tesla, dwindled to $439 million in the second quarter. That's a 51% decline from the $890 million in the second quarter of 2024, and about 2% lower than the $447 million in the first quarter of this year.

U.S. stocks climbed as the European Union moved forward on negotiations for a trade deal. Plus: Tesla and Alphabet reported earnings, AT&T gained more wireless and internet subscribers than expected,

Tesla enters Wednesday trading with a market value north of $1 trillion, along with eight other companies in the S&P 500: Nvidia, Microsoft, Apple, Amazon.com, Alphabet, Meta Platforms, Broadcom, and Berkshire Hathaway.

Tesla Inc (NASDAQ:TSLA) shares are in the spotlight Tuesday ahead of earnings this week. Here's a look at what you need to know.