Boeing reported a loss of $5.82 per share, compared to a profit of $3.33 per share over the same period last year, after booking a charge of nearly $5 billion linked to the grounding of its flagship 737 MAX aircraft, the company's most profitable plane.
The last time Jim Cramer talked about Boeing on TheStreet's Facebook Live show, he was feeling pretty confident about Facebook.
"You know, Boeing has become almost like Tesla, you know, it's a love, hate affair. Love, hate affair about whether you'd fly the MAX. If you'd fly the MAX, you buy the stock. How about that? That's what's happening. My daughter was in a Tesla (TSLA) - Get Tesla Inc. Report this weekend, she said, Dad, this Tesla, you better talk about it positively. I said there's actually more to it. I think that there's more to buying Boeing than whether you fly the MAX, but I think flying the MAX is going to be the issue," said Cramer.