Options Market Statistics: Delta Air Lines Options Pop on Latest Q1 Earnings

Tesla, opens new tab chief Elon Musk said he will visit India to meet Prime Minister Narendra Modi, and two sources told Reuters the billionaire entrepreneur is expected to make an announcement on investment and a factory in the country.

"Looking forward to meeting with Prime Minister Narendra Modi in India!", he said in a post on X after Reuters first reported details of Musk's planned India visit this month.

The billionaire will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential.

Modi's office and Tesla did not respond to requests for comment. Musk's final India trip agenda could still change.

Nvidia shares rose about 2% as the "Magnificent Seven" leader tried to move the company out of correction territory. The stock is 11% below a record high reached earlier this year.

Atlanta-based Delta on Wednesday reported record first-quarter adjusted revenue of $12.6 billion, but cargo revenue fell 15% year over year to $178 million. The world's second-largest passenger airline by passengers carried almost never mentions cargo beyond a line on the income statement, but the earnings news release twice said cargo and maintenance service were nearly a 1-point drag on total unit revenue, which dipped 0.7% year over year.

Delta's cargo revenue during the fourth quarter, the busiest period for freight, fell 24% to $188 million. That was better than the prior three quarters, when cargo revenue was down between 28% and 37% from the same periods in 2022. For the full year, Delta Air Lines' cargo sales fell 31% to $723 million.