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Stock Movers: Tesla Rises on Elon News, AT&T, Intel & Boeing All Up
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April 23, 2025
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4:07
4:14Now PlayingAT&T (T) shares are higher with evidence that the provider is luring customers from rivals after Verizon missed on those figures earlier in the week. AT&T reported first quarter wireless postpaid phone net adds of 324,000, topping the analyst consensus estimate of 253,528. It also reiterated its 2025 full-year guidance.
Tesla (TSLA) shares are up following yesterday's earnings miss. It's leading gains across the Mag 7 despite first quarter profit and revenue missing expectations. The positive spin is that CEO Elon Musk will spend more time working on Tesla rather than in government.
Intel (INTC) is up in premarket trading as it's set to announce plans to cut more than 20% of its staff. The move is part of a bid to streamline management under new CEO Lip-Bu Tan, who took the helm last month. The company is scheduled to report first-quarter results on Thursday, giving Tan an opportunity to lay out more of his strategy.
Boeing (BA) shares jumped after reporting first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. The company is ramping up jet production, aiming to raise output of its 737 Max jetliner to 38 jets per month, and then seeking permission to increase to 42 units later this year.
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