Tesla Slides on Volume and Margin Concerns; Boeing 737 MAX Production on Hold; Microsoft Hits $3 Trillion Valuation; GDP Growth Moderates but Consumers Resilient
• Tesla (TSLA) shares slid 6% after earnings amid concerns about lower 2023 volume growth and falling automotive margins without regulatory credits.
• The FAA will not allow Boeing (BA) to expand 737 MAX production until quality control issues are resolved, following a Jan. 5 incident with an Alaska Airlines (ALK) MAX 9.
• Propelled by AI optimism, Microsoft's (MSFT) market cap hit $3T, becoming the second tech giant to reach this milestone after Apple (AAPL).
• U.S. Q4 GDP growth likely moderated to 2.0% but still reflects resilient consumers, cooling recession fears and hopes for a March rate cut.
• Elon Musk sees a path for Tesla to become an "AI and robotics juggernaut" but wants more voting control so he can't be "voted out by some random shareholder firm."