Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Dow climbs Earnings recap: META, HON, F, LIN Club names reporting after the bell 1. Dow stocks go higher Stocks rose Thursday, with the Dow Jones Industrial Average climbing more than 1% on news the U.S. economy grew by a 2.6% annual rate in the third quarter, beating the Dow Jones estimate of 2.3% growth. We stick by our belief that investors should look to stocks in the Dow, as many are dependable and recession-resistant healthcare- and consumer goods and staples companies. These firms had the foresight to prepare for an economic slowdown by taking aggressive cost cutting measures – a move we have not consistently seen from the tech giants. “You want companies that make stuff, do things and don’t fritter away your money as a shareholder,” Jim Cramer said Thursday. 2. Earnings recap: META, HON, F, LIN One such company that has failed to properly manage its costs is Meta Platforms (META), which on Wednesday reported a third-quarter earnings miss and weak guidance, sending shares tumbling. The company appears to have lost control of its expenses amid an advertising slowdown. At the Club, we mistakenly believed that Meta would control its high costs by reducing headcount and tightening its belt. ” I made a mistake here. I was wrong. I trusted this management team. That was ill-advised,” Jim said Thursday. Meta was trading down Thursday morning by more than 20%, at roughly $100.51 a share. Honeywell (HON), on the other hand, reported a spectacular quarter before the bell on Thursday and reaffirmed our bullish stance on the stock. The company saw a huge earnings beat in its latest quarter, with margin expansion across all four business segments. We believe that the company is in the right end markets for the current economy, including aerospace. Ford (F) beat Wall Street’s expectations for third-quarter revenue and profit after the closing bell on Wednesday. While the company is still struggling with semiconductor and nameplate shortages, we appreciate that Ford is shifting away from autonomous vehicle technology to focus on electric vehicles. And we continue to believe that selling the stock would be a mistake. Industrial gas giant Linde (LIN) reported an earnings beat on Thursday morning. We like the company and its stock, and are keeping an eye on how its proposal to delist from the Frankfurt Stock Exchange progresses — a move we maintain is a smart long-term decision. 3. Club names reporting after the bell Three Club holdings report results for last quarter on Thursday after the market closes. Apple (AAPL) reports fiscal fourth-quarter results, and we’re sticking by our mantra: Own it, don’t trade it. Amazon (AMZN) has been a tortured stock, and we’ll be looking for signs that it’s managing high expenses when it announces third-quarter results. Pioneer Natural Resources (PXD) is slated to report third-quarter results on the heels of Club energy holding Halliburton (HAL) reporting a solid beat earlier in the week . (Jim Cramer’s Charitable Trust is long AAPL, AMZN, F, HON, LIN, META, PXD, HAL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
We’ve got new and returning lows in our Green Deals today, starting with Heybike’s early Easter flash savings that are seeing up to $500 in discounts (and bonus free gear) across its e-bike lineup, including the latest ALPHA All-Terrain e-bike hitting a new $1,499 low. Right behind it is Hiboy’s Spring Sale offers that are taking up to 50% off e-scooters and e-bikes alike, like the new S2 SE Electric Scooter returning to its $300 low. Lastly, AeroGarden has a collection of its indoor hydroponic systems getting some big price cuts, led by the 6-pod Harvest 2.0 falling to a new $35 low. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s massive Anker SOLIX Easter Sale lineup, the switched around Lectric April sale offers, and more.
Heybike early Easter flash sale drops latest ALPHA all-terrain e-bike with 60-mile range to new $1,499 low
Heybike has launched a short-term early Easter flash sale with up to $500 being cut from its e-bike prices alongside some free gear packages. One notable inclusion is the brand’s latest ALPHA All-Terrain e-bike that is dropping to $1,499 shipped. Having just hit the market in February with a $1,699 price tag, we saw it launch for preorder with a $100 discount which continued through the subsequent sales until today. Now you can grab it with a $200 markdown, giving you the means to commute anywhere at a new all-time low price.
The Heybike ALPHA e-bike comes with a 500W Mivice mid-drive motor that is paired with a 680Wh battery, providing up to 60 miles of travel when its five PAS levels are active (supported by a torque sensor) at top speeds of up to 28 MPH (depending on your local laws). It weighs in at just under 72 pounds, with a 400-pound payload, and also comes with a throttle for electric-only riding, though the safety feature included here requires you to first pedal it into motion first.
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Designed as a budget-friendly solution, Heybike’s ALPHA e-bike comes with an array of solid stock features without increasing costs, like the hydraulic front suspension fork, hydraulic disc brakes, and 4-inch puncture-protected fat tires. Along with these, you’ll also find a Shimano Altus 8-speed derailleur, fenders over both tires, an integrated rear cargo rack, an LED headlight with an auto-on functionality, an integrated taillight with braking light functionality, and an LCD for settings and controls (including app-synced controls too).
Hiboy’s Spring Sale returns latest S2 SE Electric Scooter to $300 low
Hiboy has a banner on its website saying that it will be increasing prices in the near future, which makes it a great time to take advantage of its Spring Sale pricing with up to 50% being taken off its lineup of e-scooters and e-bikes. One of its newest releases, the S2 SE Electric Scooter, is back in stock and down at $299.98 shipped right now. This model hit the market right at the top of 2025 carrying a $550 price tag, with the brand’s late winter and early spring discounts returning it to the same $300 low. That rate is returning here today, giving you an affordable means to zoom through commutes while saving $250 in the process.
Expanding upon the designs of the predecessor models in the S2 series, Hiboy’s S2 SE electric scooter brings the same reliability alongside budget-friendly, upgraded commuting power. It’s been given a Q235 steel frame with a 350W Hall brushless DC motor paired alongside a 36V 7.8Ah battery, providing you with up to 17 miles of travel on a full charge at up to 19 MPH top speeds. It’s motor also peaks up to 430W in order to tackle inclines with up to 15-degree slopes.
The tires have seen a major upgrade, with both coming 17% wider for better grip along the pavement, while the 10-inch solid front tire offers puncture resistance and the 10-inch pneumatic rear tire provides better shock absorption. The fender has also been widened by 26% to prevent water toss-ups, with the entire scooter having a 20% increase in its load-bearing capacity thanks to the steel frame design. Other features include a folding design, LED headlight/taillight, an e-brake/drum brake system that is pretty standard for scooters, and an integrated HD LED display.
More Hiboy S2 series e-scooter discounts:
Other Hiboy e-scooter discounts:
Hiboy e-bike discounts:
Hiboy’s spring bundle deals:
AeroGarden relaunches and drops its Harvest 2.0 indoor hydroponic system to a new $35 low
For anyone who may have been sad to hear that AeroGarden planned to close its doors at the start of 2025 – the company is officially staying alive and relaunching now that spring is here, with Amazon currently offering a number of its hydroponic systems at discounted rates. Among them, you’ll find the popular AeroGarden Harvest 2.0 6-Pod Indoor Hydroponic System in multiple colorways starting from $34.99 shipped. No longer listed at its original $90 rate and more recently keeping between $65 and $70 at Amazon, we saw the brand cut prices back during Black Friday and Christmas, with those discounts going as low as $45 which continued through the first two months of the new year. As unexpected as the announcement that it would be staying open, the price is now getting brought down lower than ever with the 50% markdown off the new going rate, putting $35 back in your pocket.
No need to deal with soil or have outdoor space for gardening here, as this AeroGarden device allows you to grow six vegetables, herbs, or flowers up to 12 inches tall right inside your kitchen thanks to the water bowl design. It has a 15W grow light that can simulate the natural lighting of the sun with automatic on/off features, germinating ”up to 5x faster than in soil” – plus, it will even remind you when to add plant food. You’ll also be receiving a starter kit with essential items, including plant food and grow sponges. If you’d prefer a larger model, you’ll find its 9-pod counterpart down at $90 right now too.
Segway Ninebot F3 eKickScooter (preorder through April 14): $600 (Reg. $850)
Best new Green Deals landing this week
The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.
Tesla’s director of accounting controllership, Harsh Rungta, has left the automaker and joined eVTOL aircraft manufacturer Archer Aviation.
Rungta has been at Tesla for more than 6 years.
He came from PricewaterhouseCoopers LLP (PwC), Tesla’s independent registered public accounting firm, and became Tesla’s Director of Automotive Revenue & Energy Business Controller.
According to his responsibilities listed on his LinkedIn profile, he was in charge of all corporate accounting at Tesla:
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• Lead the corporate accounting function including technical accounting for complex areas like revenue, leases, debt financing etc. and SEC reporting e.g. 10K/10Qs and 8-Ks. • Manage the full financial statements and monthly/quarterly financial close process • Work closely with C-Suite and cross function teams on various strategic business initiatives including new product/revenue stream roll outs, new market launches, new manufacturing site commercialization • Manage topline of the Company across all businesses (vehicles, energy storage, solar, subscription, AI, insurance, after sale services) • Work with supply chain, factory and product leaders, IT organization on optimizing procurement to cost accounting. • Heavily involved in financial planning, monthly, quarterly forecasting, and plan to actual analysis. • Closely work with IR and legal on Shareholders Letter for Earnings call. • Responsible for reports to Audit Committee for quarterly financial results and operational updates. • Oversight of the financial statements of 80+ partnership structures involving outside investors fund accounting involving equity tax structures with outside investors and statutory filings for insurance business entities • Spearheaded setting up of processes, systems and controls to operationalize new launches like insurance, captive financing, crypto investments and payment acceptance, software and SAAS products. • Manage finance transformation team on process optimization. • Oversee IT system implementations in partnership with IT organization and Internal Audit. • Oversee SOX compliance program and manage external auditor relationship.
Last year, he was promoted to ‘director, accounting controllership’, which generally oversees and manages all financial and accounting operations of a company.
Tesla hasn’t announced a new Chief Accounting Officer since Taneja took over the CFO role, which should make Rungta Tesla’s top accounting controller.
In an update to his LinkedIn profile this week, Rungta confirmed that he left Tesla and he is now ‘SVP Finance & Chief Accounting Officer’ at Archer Aviation.
Rungta, who was a big part of Tesla’s quarterly financial results, is leaving just two weeks before the automaker is expected to release its Q1 2025 financial results.
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After its electric car sales surged in the first three months of 2025, Volkswagen’s CEO said the company is “shifting into the fast lane.” In Europe, Volkswagen expanded its lead after EV sales doubled. Despite the success, the auto giant is still struggling in one key market.
Volkswagen EV sales double in Europe in the first quarter
Volkswagen delivered 216,800 all-electric vehicles globally in the first quarter, up 59% from 136,400 last year. The growth bumped up Volkswagen’s global EV market share from 6% to 10%.
Strong growth in Europe and the US helped offset fewer deliveries in China. In Europe, Volkswagen delivered over 150,000 EVs through the first three months of 2025, more than double (+113%) the number it handed over in the year prior.
Volkswagen is the “clear BEV market leader in Europe” with around 26% of the market. In comparison, Tesla’s sales were down in every European market in Q1, except the UK.
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In Germany alone, almost every second EV came from a VW Group brand. With new models like the ID.7 Tourer and Audi Q6 e-tron, Volkswagen’s orders in Western Europe are back up around one million (980,000).
Volkswagen’s top five best-selling EVs globally were the ID.4 and ID.5 (43,700), ID.3 (28,100), Audi A4 e-tron (22,800), Škoda Enyaq (20,200), and ID.7 (19,100).
Volkswagen ID.3 (left) and ID.4 (right)
Global BEV deliveries rise but slip in China
In the US, VW Group EV sales were up 51%. The VW ID.4 was one of the top-selling EVs in the first quarter, with 7,663 units sold. Its electric minibus, the ID.Buzz is now rolling out, with 1,901 units sold in Q1.
Volkswagen Group CEO Oliver Blume said, “Now we’re shifting into the fast lane” with new models arriving. The company expects “additional tailwinds” from new model launches in 2025.
Volkswagen ID.4 (Source: Volkswagen)
Despite growth in Europe and the US, Volkswagen is still struggling to keep pace with BYD and others in China. Volkswagen blamed an “intense competitive situation in China” after EV deliveries fell 37% to 25,900, down from 41,000 last year.
After surpassing VW as the top-selling car brand in China last year, BYD’s impressive sales run is heating up in 2025.
From left to right: Volkswagen ID.4, ID Buzz, ID.7 (Source: Volkswagen US Media Site)
BYD sold 166,109 electric cars last month alone. Through the first three months of 2025, the Chinese EV giant has sold 416,388 all-electric vehicles.
After cutting prices this month on some of its top-selling models, BYD’s cheapest EV, the Seagull, now starts at under $8,000 (56,800 yuan).
Volkswagen ID.EVERY1 world premier (Source: VW)
With ambitious plans to expand overseas this year, can Volkswagen and other global OEMs keep pace? S&P Global Mobility forecasts that BYD’s sales in Europe will double in 2025 to around 186,000. By 2029, that number could reach 400,000 or more.
Volkswagen is banking on its new affordable EV lineup to help it fend off BYD and other EV leaders over the next few years. The first, VW’s ID.2, will launch next year starting at around 25,000 euros ($27,500), followed by an SUV version and an even cheaper ID.1 in 2027.
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