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TSLA.NQ 7.30%
Tesla Inc – Multiple positive analyst moves on the stock after the company reported Q1 revenue of $18.8 bln, topping Wall Street est. of $17.8 bln. Q1 adjusted EPS of $3.22 also beats est. of $2.26. CEO Elon Musk said TSLA can reasonably achieve 60% vehicle delivery growth this year, remains confident of seeing 50% annual delivery growth for several years. Most are pointing to an impressive recent margin/free cash flow performance that should allow TSLA to continue to invest. During the call Musk also further detailed plans for its Robo Taxi service.

NFLX.NQ -3.70%
Netflix Inc – After tumbling 35%, recording its worst day in about 18 years yesterday the stock is lower premarket. NFLX said during its earnings call where it reported a loss in subs for the first time in 10 years that it may offer cheaper ad-supported version to keep up growth and said it would work harder to crack down on account sharing, but Wall St. remained skeptical of its plans to do so. Separately, billionaire investor William Ackman liquidated a $1.1 bln bet on Netflix on Wednesday, locking in a loss of more than $400 mln as the stock plunged.

AAL.NQ 10.01%
American Airlines – Higher this morning after saying it expects to be profitable in its current quarter as demand environment continues to be very strong. Saying the company expects to be profitable in the second quarter based on our current fuel price assumptions. American reported a Q1 adjusted loss of $1.51 bln, or $2.32 per share vs. loss of $2.74 bln, or $4.32 per share, a year earlier. Operating revenue rose to about $8.9 bln from about $4 bln a year earlier and the company said it expects Q2 total revenue to be 6% to 8% higher than Q2 of 2019.

CVNA.NY -4.43%
Carvana Co – Shares are rebounding after the online used car dealer said it plans to raise up to $1 billion in capital and reported wider than expected losses in the first quarter as it grapples with network disruptions and macroeconomic uncertainty. Posted a loss attributable to the company of $260 million in the first quarter, or a loss per share of $2.89, compared with a loss attributable to the company of $36 million, or a loss per share of 46 cents, in the year-ago period, both also missed estimates. The company said in a separate statement that it intends to sell $2 billion in common and preferred stock

UAL.NQ 8.32%
United Airlines – Also said it expects a return to profitability this quarter as travel demand surges. Reported an adjusted $4.24 per share for the first quarter, 2 cents more than expected, and the airline’s revenue was also slightly below forecasts.

FB.NQ 0.90%
Meta Platforms – Back on watch after yesterday’s sharp decline that seemed to follow a negative note on the stock from Cleveland Research note that suggested current data was indicating a slowdown in Facebook/Meta’s e-commerce efforts.

EV Strength – The group rallying premarket following TSLA’s upbeat report, LCID, RIVN, FSR, NIO, XPEV all up 1-3%.

MULN.NQ 18.79%
Mullen Automotive – Higher on volume premarket after announcing plans to conduct solid-state polymer battery cell testing with a leading independent facility and battery innovation center in Indiana.

RDBX.NQ 12.99%
Redbox Entertainment – Extending its rally from late Wednesday, the company announced its board approved a plan to decrease the size of its board from nine to five members. Also updated its current quarter guidance.

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