Boeing 777 Launch Delayed, Tesla Stock Drops Despite Record Deliveries: Money Minute

Boeing's 777 Launch Delayed

• ✈️ Boeing faces a significant setback as its 777 aircraft launch is now slated for early 2027, six years behind schedule.
• 💰 These delays could cost the aircraft maker up to $4 billion.

Wall Street Performance

• 📈 Investors shrugged off concerns about the ongoing partial government shutdown, pushing major averages to fresh all-time closing highs.
• 📊 The Dow Jones Industrial Average rose 79 points, the Nasdaq Composite gained 89 points, and the S&P 500 added four points.

Tesla's Stock Performance

• 📉 Tesla shares fell 5%, despite reporting its highest-ever quarterly deliveries, with just under half a million vehicles sold.
• 🇨🇳 A rebound in China and a surge in U.S. sales before an EV federal tax credit expired contributed to the record deliveries.
• ⚠️ Investors apparently expected even higher numbers, leading to the stock's decline.

General Mills Plant Closures

• 🏭 General Mills announced the closure of three plants in Missouri.
• 🍕 One of the affected plants produces pizza crust, while another is dedicated to pet food production.