01:25 PM EDT, 05/14/2025 (MT Newswires) -- Consumer stocks were mixed Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.

In corporate news, Tesla's (TSLA) board has formed a special committee to review Elon Musk's compensation and explore alternative ways to reward him for past performance if his contested $56 billion pay deal isn't reinstated, the Financial Times reported. Separately, Tesla plans to ship components to the US from China for Cybercab and Semi trucks by the end of May, Reuters reported. Tesla shares rose 3%.