Squawk on the Street
Tesla Shares Fall Despite Record Q1 Results, Reaction to Elon Musk's Message, The Earnings Barrage Heats Up (3M, GE, UPS and More), Plus a Big Boost for GameStop
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Show notes
Carl Quintanilla, Jim Cramer and David Faber kicked off the show with an in-depth look at Tesla -- shares down despite record first-quarter results. Cramer sounded off about CEO Elon Musk and Tesla's numbers: "This was not the quarter I expected. It's not the quarter I would go on SNL after." The anchors also reacted to what Musk said on Tesla's earnings call about the company's "insane difficulties" with the supply chain in wake of the chip shortage. Other earnings in the spotlight include 3M, Raytheon, General Electric and UPS. GameStop among the biggest gainers after announcing it had completed the sale of 3.5-million shares, generating proceeds of about $551 million. Also in focus: JetBlue posting a narrower than expected quarterly loss and adding it is seeing a rebound in passenger demand, Eli Lilly shares tumble on a quarterly miss, and Hasbro reports an earnings beat but misses on revenue due to factors related to the pandemic. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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