Carl Quintanilla, Jim Cramer and David Faber led off the show with Tesla shares up sharply after the company posted a record quarterly profit despite supply chain challenges. The anchors reacted to earnings call comments from Elon Musk: He said he has "never been more optimistic" about Tesla's future. American Airlines and Delta also in rally mode after forecasting profitability for the second quarter. Lululemon CEO Calvin McDonald joined the program exclusively to discuss his company's five-year growth plan to double revenue by 2026. Also in focus: Musk disclosed he has secured $46.5 billion in financing commitments for his Twitter takeover bid, and Bill Ackman’s hedge fund dumps its stake in Netflix: The stock extending losses one day after plummeting 35%. Plus, what sources are telling David about embattled hedge fund Melvin Capital. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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Squawk on the Street