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Tesla earnings, Boeing, TikTok ban bill: 3 Things

Tesla (TSLA) stocks are popping in Wednesday's pre-market trading after commenting on its plans for more affordable EV models in its earnings call on Tuesday. The electric vehicle maker reported a first-quarter earnings miss as its shares have fallen over 40% year-to-date in 2024.

Boeing (BA) posted better-than-expected earnings, revealing revenue of $16.57 billion while its adjusted losses were lower-than-expected at $1.13 per share. The aerospace manufacturer stated it is "undertaking comprehensive actions" to address safety concerns and overhaul its assembly process.

Lastly, US lawmakers have passed its foreign aid package that includes the controversial bill that could ban TikTok's operations in the US. Currently, the bill is on its way to President Biden who is expected to sign it into law.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.