Closing Bell: Sandisk Surges, Western Digital Rises, Tesla Slumps

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Tesla (TSLA) European sales slump carried over into the new year, with registrations plummeting in two of the region’s leading markets for battery-electric vehicles. The carmaker’s French sales fell 42% last month to just 661 cars, the lowest in more than three years, the country’s auto association known as PFA said Sunday. In Norway — a lonely market in Europe where Tesla fared well last year — registrations plunged 88% in January.

- Sandisk (SNDK) reported adjusted earnings per share of $6.20, significantly beating the consensus estimate of $3.12, alongside revenue of $3.02 billion, which also surpassed expectations of $2.59 billion. The company highlighted a remarkable 64% sequential increase in datacenter revenue, driven by strong demand from AI infrastructure builders and technology companies.

- Western Digital (WDC) posted adjusted earnings of $2.13 a share for its fiscal second quarter, surpassing analysts' consensus estimates of $1.93, with revenue totaling $3.02 billion.

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