Boeing’s stock is plummeting as the company faces a potential credit downgrade due to a prolonged strike by its machinists’ union, disrupting production and leading to significant financial strain. The strike, entering its fourth week, has already cost Boeing over $1 billion and could reach $10 billion in 2024. Adding to the pressure, a recent FAA warning about a potential rudder system malfunction in 737 planes raises further safety concerns. These challenges cast a shadow over Boeing’s recovery and its ability to meet its ambitious production targets.