BA - Did Elon Musk Just Say Checkmate to Boeing?
2024-06-27 06:44:00 ET
The stock market has gotten off to a great start in the first half of 2024. The S&P 500 has gained 14.3% while the Nasdaq Composite is up 17.6% so far this year.
One stock that hasn't done so well is Boeing (NYSE: BA) . Shares of Boeing have cratered over 33%, as the aerospace company has been at the center of numerous controversies surrounding safety protocols in its jetliners as well as a management shakeup .
In the midst of all the hoopla, outspoken entrepreneur Elon Musk may have dealt yet another blow to Boeing. Let's dive into how Musk is disrupting the aerospace industry, and determine if Boeing is turning into a falling knife .
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Did Elon Musk Just Say "Checkmate" to Boeing?