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Tesla Tumbles, Earnings Weigh on Stocks, SpaceX "Starship" Explodes After Launch 4/20/23

Tesla Tumbles, Earnings Weigh on Stocks, SpaceX "Starship" Explodes After Launch 4/20/23

FromSquawk on the Street


Tesla Tumbles, Earnings Weigh on Stocks, SpaceX "Starship" Explodes After Launch 4/20/23

FromSquawk on the Street

ratings:
Length:
50 minutes
Released:
Apr 20, 2023
Format:
Podcast episode

Description

Carl Quintanilla, Jim Cramer and David Faber focused on the earnings news that dampened market sentiment -- leading with shares of Tesla down sharply after the company posted a decline in Q1 profit, as price cuts weighed on margins.The anchors reacted to earnings call comments from Elon Musk, who said he would stress sales growth over higher margins. Speaking of Musk, SpaceX's giant "Starship" rocket launched for the first time and exploded before reaching orbit. Also in focus: American Express, AT&T and a number of regional banks among the earnings losers -- plus what's driving the rally in chip equipment and homebuilder stocks. Squawk on the Street Disclaimer
Released:
Apr 20, 2023
Format:
Podcast episode

Titles in the series (100)

The opening hour of CNBC’s “Squawk on the Street” with Carl Quintanilla, Jim Cramer and David Faber is broadcast from the floor of the New York Stock Exchange, on site at the opening bell with the up-to-the-minute news investors need to know and interviews with the most influential Chief Executive Officers and greatest market minds.