Tesla Rises, Boeing Gains, AT&T Up on Positive Forecast

On this episode of Stock Movers:
- Tesla (TSLA) shares rise after Elon Musk pledges to retreat “significantly” from his US government work to concentrate on the electric-vehicle company as his work with DOGE is “mostly done.”
- Boeing (BA) shares gain after reporting first-quarter results that exceeded Wall Street's estimates, with a smaller-than-expected adjusted loss per share of 49 cents. Despite challenges from global trade dislocations and tariffs, Boeing's strong start to the year and half-trillion-dollar backlog give it flexibility to navigate the environment, according to CEO Kelly Ortberg.
- AT&T (T) shares rise after the telecom company reported first-quarter results that are seen as positive. The company rolled out fresh promotional offers this year to woo new customers and keep existing ones, including a "customer guarantee" promising better network reliability and customer service.

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Episode Transcript

Speaker 1 (00:02):
Bloomberg Audio Studios podcasts, radio news. The Stock Movers podcast,
your roundup of companies making moves in the stock market,
harnessing the power of Bloomberg Data.

Speaker 2 (00:17):
Let's take a look at some of the stocks on
the move today. We're joined by Bloomberg's Lias me Tay Lisa.
What are you looking at all? Right?

Speaker 3 (00:22):
So we got to start with Tesla, right, because you
said it. The numbers were not good. The company missed
on both revenue and earnings. In fact, the worst quarter
in years results old weakness and automotive business, tariff trouble
at expanding energy business. But the thing is is that
Elon Musk told investors what they wanted to hear. He
said he's going to pull back from his role in
Dojin May significantly and focus more on Tesla, which is

(00:44):
what they wanted. He said his work establishing the group
is quote mostly done, and it's created this tension. Right,
You've seen a lot of the protests that going on.
They've sprung up in recent months against his government work.
And Tesla have been struggling, right, slumping sales, rising costs
from the trade war. But he tried to reinsure investors
and this is something interesting, he said. He said, at Tesla,
we've gone through many a crisis over the years. This

(01:06):
is not one of those times. And because of all this,
he said, the shares have been up more as much
as six percent since after the open. What about Boeing,
I feel like this company just can't catch a break.
Are they showing signs of stability?

Speaker 1 (01:17):
Yes?

Speaker 3 (01:18):
Yeah, and there shares up as much as six percent
since the open. First quarter results, good news, top estimates,
smaller than expected adjusted loss per share. Here's the thing
to it use two point three billion dollars in free cash.
The three months ended March thirty first ramped up jet production.
So you know about the seven thirty seven Max jetliner.
Well they want to raise output to thirty eight jets
per month and then try and increase that to forty

(01:40):
two units later this year. And that would really help,
like generate the cash that's been used up by different things,
right the recent strike, manufacturing crisis. To Kelly orbrig s
at twenty twenty five is their turnaround year.

Speaker 2 (01:53):
I am flying a seven thirty seven Max jet Saturday
morning down there you go to North Carolina, So I'll
do my part there. But I mean, they need to
get that production up. And I quote George Ferguson and
Bloomberg Intelligence, he says they're on the right track, but
ideally they need to be in the fifty plane range
in terms of monthly production. So they're getting there. So

(02:13):
I guess that's right. And the cash for the free
cash flow negative free cash flow came in better than
expected for the quarter. So that's I guess some good
news for that stock. Another you know, just blue chip
back in the day stock AT and T.

Speaker 3 (02:27):
Yeah, and there's you know a lot of competition, right,
you have Verizon, you have T Mobile, so a lot
of competition. So they did share some good news. They
attracted more new wireless subscribers than expected, three hundred and
twenty four thousand mobile phone customers the first three months
of the year. It's highly competitive. It comes after of Verizon.
You remember yesterday I reported a loss of subscribers. And

(02:48):
the thing is consumers they're a little bit more price conscious, right,
We're holding onto our phones a little bit longer. They
rolled out for us promotions. You probably see a lot
of the promotions lately. Also would be it on revenue
for AT and T. It grew to a thirty point
six billion. It also reiterated its twenty twenty five full
year guidance. But we continue with this guys because you
have T mobile. That's following up tomorrow.

Speaker 1 (03:10):
The Stock Movers podcast from Bloomberg Radio. Check back with
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