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Tesla Faces Steep
Airbus and Boeing Finalize Spirit AeroSystems Asset Split
Finance Megaphone
April 28, 2025
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Let’s dive into what’s happening in the market today!
‘60 Minutes’ Slams Paramount After Respected Producer Bill Owens Resigns Over Editorial Independence
Airbus and Boeing Finalize Spirit AeroSystems Asset Split to Strengthen Global Operations
Tesla Faces Steep Financial Decline Amid Falling Sales, Shrinking Margins, and Political Controversy
‘60 Minutes’ Slams Paramount After Respected Producer Bill Owens Resigns Over Editorial Independence
CBS News’ "60 Minutes" openly criticized its parent company Paramount after the surprise resignation of longtime executive producer Bill Owens, with anchor Scott Pelley revealing on air that Owens left because he felt the show’s editorial independence was compromised amid Paramount’s pending merger with Skydance Media. Owens, who spent 24 years with "60 Minutes," said recent corporate oversight prevented him from running the program freely, a shift he believed undermined the integrity of honest journalism. Although no stories were blocked, Owens’ departure reflects broader concerns about growing corporate influence over news content at a time when trust in media is at historic lows. His resignation follows mounting pressure from the Trump administration, including a $10 billion lawsuit against CBS and accusations of bias, further complicating the network's situation. Owens’ colleagues praised his commitment to journalistic independence, with some calling his exit a sacrifice to preserve the show’s legacy. CBS and Paramount have not commented publicly on the situation.
Airbus and Boeing Finalize Spirit AeroSystems Asset Split to Strengthen Global Operations
Airbus and Boeing have finalized an agreement to divide key assets of Spirit AeroSystems, with Airbus acquiring Spirit’s U.S. and U.K. operations, including plants in North Carolina and Belfast that produce critical parts for the A350 and A220 aircraft. Boeing, which spun off Spirit two decades ago, is buying back the rest of the company for $4.7 billion to support its 737 MAX production after recent supply challenges. As part of the deal, Airbus will provide Spirit with $200 million in credit lines and receive a $439 million payment. Some Spirit work in Belfast and Prestwick, Scotland, not taken by Airbus, is expected to transfer to Boeing. Spirit has faced financial struggles, warning last year about its survival, but the carve-up aims to stabilize operations across both planemakers’ supply chains. The Airbus deal is expected to close by the end of April, while Boeing’s acquisition is on track to complete in the third quarter of 2025.
Tesla Faces Steep Financial Decline Amid Falling Sales, Shrinking Margins, and Political Controversy
Tesla’s financial struggles are deeper than they seem, with plummeting sales, a 71% drop in net income, and shrinking automotive profit margins that have fallen from 30% in 2022 to 12.5% today. The company barely posted a profit last quarter, relying heavily on $595 million from regulatory credit sales—an income stream threatened by potential regulatory changes under the Trump administration. Tesla is also losing ground to competitors like BYD in China and Europe, and its brand is suffering from CEO Elon Musk’s controversial political activities. Although Musk remains optimistic, pointing to future projects like robotaxis and humanoid robots, skepticism remains high as previous promises of fully autonomous vehicles have consistently missed deadlines. Investors are watching closely, as Tesla’s future now hinges not just on innovation, but on its ability to rebuild trust, sustain profitability, and withstand intensifying global competition.
That’s a wrap for this edition of Finance Megaphone.
We hope the insights and updates we’ve shared help you stay informed and ready to take on the market. Remember, knowledge is power, and we’re here to keep you in the know every step of the way. Be sure to check back next edition for more timely news, expert analysis, and the latest trends in the financial world.
Until then, keep investing smart and stay ahead of the curve!