Check out the companies making headlines in midday trading: Boeing — The aerospace giant fell 1.5% even after noting that it burned through $3.9 billion in cash in the first quarter. The cash burn was lower than what analysts had feared. Boeing also posted an adjusted loss of $1.13 per share on revenue of $16.57 billion, beating the adjusted loss of $1.76 per share and revenue of $16.23 billion that analysts polled by LSEG had forecast. Tesla — Shares surged 9% despite the company’s weaker-than-expected first-quarter financial update, after CEO Elon Musk said Tesla plans to begin production of new affordable electric vehicle models in “early 2025, if not late this year.” The company previously expected to start production in the second half of 2025. Musk’s comments came during Tesla’s earnings call on Tuesday. Old Dominion Freight Line — The freight shipping stock dropped 10% following the company’s mixed first-quarter…
Stocks making the biggest moves midday: TSLA, HLT, BA, MAT
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