The stock market opened mixed on Thursday, as investors digested multiple earnings reports, including Alphabet and Tesla earnings, and yields were higher after the initial jobless claims data came in hot.

Wall Street was on track for a mixed open on Thursday as investors digested uneven earnings from megacaps like Alphabet and Tesla and monitored progress in U.S. trade negotiations.

It's sort of like a rock sitting on the edge of a cliff. If you can put enough sort of oomph into it, you can get it over the cliff, then gravity does the rest. The metaphor kind of breaks down because the stock's moving up, so the gravity seems to be pointing the other direction.

Asian shares are lower after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks offset a steep tumble for EV-maker Tesla

There isn’t much of a consensus among Wall Street analysts heading into Tesla’s second-quarter earnings report. Long-time investors of Tesla know that isn’t a surprise: Tesla is always a controversial stock.

Tesla -- the pioneer of EV makers -- has seen its valuation rise to $1 trillion. Its upstart rival, Rivian Automotive, is preparing to replicate that success. The average price target among Wall Street analysts for Rivian Automotive (NASDAQ: RIVN) stock is $14.

Tesla points out early progress on robotaxis and bots, as revenue from electric vehicles plummets.