Tesla Earnings Selloff; Trump to Testify at Trial

<p>On today's podcast:</p> <p>1) <a href="https://www.bloomberg.com/quote/TSLA:US">Tesla Inc. </a>shares plunged after Elon Musk’s pitch to look past slower sales growth fell flat with investors. The stock fell 8% in early trading Thursday, after Tesla narrowly missed earnings estimates and warned its rate of expansion will be “notably lower” this year. The company spent all of 2023 <a href="https://www.bloomberg.com/news/articles/2023-04-25/tesla-model-y-price-cuts-mean-elon-musk-s-either-disruptive-or-desperate">cutting prices</a> to boost sales, which ate into profits.</p> <p>2) <a href="https://www.bloomberg.com/quote/BA:US">Boeing Co.</a> faces a commercial setback after the <a href="https://www.bloomberg.com/quote/0238301Z:US">US Federal Aviation Administration</a> froze planned production increases for its 737 Max aircraft, a move that interrupts the planemaker’s growth ambitions at a time of surging demand and intensifying competition with <a href="https://www.bloomberg.com/quote/AIR:FP">Airbus SE</a>.</p> <p>3) Two days after his decisive victory in the New Hampshire primary, <a href="https://www.bloomberg.com/news/articles/2024-01-25/trump-to-testify-in-carroll-defamation-case-in-test-of-demeanor-in-front-of-jury">Donald Trump is set to take the witness stand in New York</a> to rebut defamation claims by writer E. Jean Carroll — testing his ability to sway a federal jury and a judge he’s already clashed with.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>