Tesla Retail Fans Send Shares Higher, United Hikes Lounge Fees
On this episode of Stock Movers:
- Tesla retail fans pushed shares as much as 12% higher today during trading. The company has long had an ardent fan base of individual investors who hang on Elon Musk’s every word on X, the social-media platform he owns. They analyze Tesla in great detail in online forums and largely function as a hype crew for the stock.
- United Airlines will begin charging customers more to access its airport lounges to help combat a rise in overcrowding since the pandemic. Individual United Club memberships will now cost $750 or 94,000 reward miles a year for MileagePlus loyalty program members, the company said in a message to customers on Monday. The company is also adding a new “All Access” membership tier priced at $1,400 or 175,000 miles that extends lounge access to certain guests traveling with a member.
- Space exploration company Intuitive Machines shares were up as much as 23%, the most intraday in two months, after management said its 4Q backlog has increased 22% year-over-year, marking the highest quarter-ending backlog in company history. During the earnings call, management said they see opportunity in the change of US administrations and the ensuing efforts to revamp government, including NASA.
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