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Tesla’s $25B CapEx Splurge Spooks Investors, Trump Weighs Rescuing Spirit Airlines
Published 1 month, 2 weeks ago
Description
Market update for Thursday April 23, 2026
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In today’s episode:
Tesla beat on profit and free cash flow, but Elon’s new $25 billion spending plan on robots, robotaxis, and AI made investors nervous.
Lululemon named former Nike exec Heidi O’Neill as its next CEO as the brand tries to turn around its struggling U.S. business.
Texas Instruments surged on strong earnings, while ServiceNow sank as software investors stayed in full panic mode.
The Trump administration is reportedly close to rescuing Spirit Airlines with a potential $500 million government lifeline.