Stock Movers: Tesla Rally, United Airlines Lounge Fees, Intuitive Machines Backlog

Tesla Stock Surge

• 🚀 Tesla shares experienced a significant jump, finishing up 12% and marking the largest one-day gain since November.
• 💡 This surge added nearly $100 billion in market value, making it the best-performing company in the S&P 500 for the day.
• ⚠️ Despite recent negative news flow, including BYD topping Tesla's sales, the stock rallied, with no clear catalyst identified beyond a general market risk-on sentiment.
• 📉 The stock remains down 31% year-to-date.

United Airlines Lounge Overcrowding

• ✈️ United Airlines is increasing fees for its airport lounges to address overcrowding issues post-pandemic.
• 💰 Individual United Club memberships will now cost $750 or 94,000 reward miles annually.
• 👨‍👩‍👧‍👦 A new "All Access" tier is introduced at $1,400 or 175,000 miles, which includes guest access.
• 📈 The airline's stock was a gainer, seemingly defying recent warnings about weaker consumer demand.

Intuitive Machines' Backlog Growth

• 🌕 Intuitive Machines shares climbed as much as 30% following strong earnings.
• 📊 The optimism is driven by a 22% year-over-year increase in their 4Q backlog, reaching a company record.
• 🛰️ Despite a lunar landing that wasn't entirely perfect, the company demonstrated resilience, with management seeing opportunities in potential government shifts.
• 📉 The stock, though up today, is still down nearly 50% year-to-date.