Stock Movers Tesla Rises, Lockheed Martin Drops, First Solar Gains After Jeffries Upgrade
Jun 11, 2025
Tesla shares are on the rise after Elon Musk expressed regret over recent social media spats with Donald Trump. Meanwhile, Lockheed Martin faces a drop in stock due to the Air Force halving its order for F-35 jets. On a brighter note, First Solar experiences a surge in stock prices after Jefferies recommends a buy, hinting at potential support for parts of the Inflation Reduction Act in Congress. The market is buzzing with these significant shifts!
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Elon Musk's Regret Boosts Tesla
- Tesla shares rose after Elon Musk expressed regret for some critical posts about President Trump.
- The timing coincided with Tesla's upcoming robotaxi launch in Austin, aiding share recovery.
Lockheed Shares Drop on F-35 Cut
- Lockheed Martin shares fell over 5% after the Air Force halved its F-35 purchase request to 24 planes.
- The cut reflects plans to reduce military spending by over eight percent in five years.
First Solar Upgraded on Act Support
- First Solar shares rose after Jefferies upgraded its rating to buy from hold.
- This optimism is tied to speculation Congress will support parts of the Inflation Reduction Act benefiting solar tech firms.