On April 2, 2025, U.S. markets opened with mixed performance. The Cboe Volatility Index (VIX) surged by 7.99%, reflecting heightened market uncertainty. Meanwhile, the S&P 500 and Nasdaq indices showed slight fluctuations as investors awaited key economic data and corporate earnings.

Sector-wise, the electric vehicle sector experienced significant declines, with Tesla (Tesla Motors) dropping 5.97% following disappointing first-quarter delivery numbers. The company reported deliveries of 336,681 vehicles, falling short of analyst expectations of 404,000. Weak demand, rising competition, and backlash against CEO Elon Musk's politics were cited as contributing factors.

The technology sector also faced challenges, with Nvidia (NVIDIA) down 2.58%. Investors are scrutinizing the company's future prospects amid shifting market dynamics. Palantir Technologies (Palantir Technologies Inc.) fell 2.62%, despite its CEO emphasizing AI's transformative potential for enterprise operations.

In individual stock movements, BlackBerry (BlackBerry) plunged 19.84% after forecasting a revenue decline for fiscal 2026, citing weak spending on cybersecurity products. The company’s disappointing outlook has raised concerns among investors.

Tesla's competitor Rivian (Rivian Automotive, Inc.) also saw a decline of 3.01% due to a sharp drop in first-quarter deliveries, attributed to part shortages and soft demand.

On the positive side, XPeng (XPeng Inc.) rose 1.53%, supported by strong delivery data in Hong Kong. Bilibili (Bilibili Inc.) gained 1.18% following short-term stock surges in the U.S. market.

Overall, the market remains volatile, with investors closely monitoring corporate earnings and geopolitical developments.