Morning Bid: Tanking Tesla reports, Europe business beats

World markets have cheered up a bit this week, but ailing Tesla's tanking stock price faces a critical earnings test later on Tuesday and this month's European business pulse proved surprisingly racy. Relief at cooling Middle East tensions helped steady the ship on Monday after the worst week on Wall Street since 2022 - with bellwether chip giant Nvidia recouping some of Friday's 10% lunge as Big Tech megacaps get set to report first quarter updates over three days of a heavy earnings diary. First of the "Magnificent 7" vanguard stocks to report on Tuesday is electric vehicle behemoth Tesla, which is down a massive 43% for the year to date and off almost 60% over the past two years amid a brutal price war, waning EV demand worldwide and serial corporate governance and product questions.