4 stocks to watch on Tuesday: Tesla, Mattel and more
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The futures pointed to a higher open at the start of Tuesday's trading, as Wall Street kicks off 2023 after a three-day holiday weekend. Here are some stocks to watch for Tuesday:

Tesla (NASDAQ:TSLA) reported 405,278 deliveries in Q4, a 31% increase from the previous year but below Bloomberg's estimate of nearly 421K. Total vehicle deliveries rose 40% for 2022 as a whole. Separately, Reuters reported that the firm's China chief, Tom Zhu, will take on additional roles, overseeing the EV maker's U.S. assembly plants and sales operations in North America and Europe.

Production at a key Apple (AAPL) manufacturing facility has reportedly reached 90%. According to Bloomberg, the Foxconn factory, located in Zhengzhou, China, has ramped up production after reports indicated that it had fallen to as low as 70% late last month.
Mattel (MAT) ticked down in premarket trading after Stifel trimmed its earnings estimates for the toy maker. Citing channel checks, Stifel argued that the firm's bottom line will be dented by retail inventories that remain elevated.
PayPal (PYPL) rose more than 2% before the opening bell, boosted by a bullish analyst comment. Truist raised its rating on the payment processor to Buy from Hold. "We would not be surprised by C-suite changes this year, following CFO John Rainey's departure," analyst Andrew Jeffrey stated.


For more on the general market, take a deep dive into the state of inflation headed into 2023.