Tesla sinks after Trump threatens to have “DOGE take a good, hard, look” at Musk subsidies

Mobile-services-from-space play — and retail investor favorite — AST SpaceMobile rose after receiving a target price upgrade from Bank of America analysts.

In a note published Thursday, BofA telecom services analysts lifted their price target for the stock to $100 from $85, while noting that the low-Earth orbit satellite industry — which supercharged stocks like Rocket Lab, Planet Labs, and AST in 2025 — is set to gain more attention this year:

“We expect the momentum to intensify in 2026 as providers like ASTS and Starlink jockey to offer full cellular service and capture subscribers. Debates will likely grow regarding Starlink’s plans to offer full cellular service and regulatory decisions on Ligado and EchoStar spectrum transactions are events to watch. Carrier partnerships could evolve and pricing and plan decisions should be clearer by year end as ASTS approaches full constellation operability.”

Still, they maintained their “neutral” rating on the stock, saying they “await progress on ASTS 1) fully producing and subsequently launching its BlueBird satellite constellation, 2) successfully operating the constellation, and 3) capturing subscribers and turning them into revenue paying subscribers before becoming more constructive on the story.”

The market has been less reticent: the money-losing company’s shares are up approximately 300% over the last year.

Several health insurers rallied on Thursday as the House of Representatives is expected to pass a measure extending the Affordable Care Act tax credits that expired at the end of 2025.

The scheduled vote comes after a group moderate Republicans broke with leadership to revive the bill, as rising health premiums create a political liability for lawmakers up for election in the midterms this year. While it’s expected to pass the House with support from those Republicans, it faces an uphill battle in the Senate.

The biggest providers of ACA Marketplace plans, like Oscar Health, Molina Healthcare, Centene and UnitedHealthcare, rose on the news.

The ACA tax credits, which subsidize health insurance plans provided by private insurers, were part of a 2021 COVID-19 relief package passed by a Democrat-controlled Congress. The credits expired at the end of 2025, and health premiums are expected to skyrocket as insurers adjust for rising costs of care.