1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:17,320 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,880 --> 00:00:20,200 Speaker 2: Let's get started with the stockwoverers. Lisa Mateo, what. 5 00:00:20,400 --> 00:00:21,800 Speaker 3: And where do you think we're starting? 6 00:00:21,840 --> 00:00:22,720 Speaker 1: Tesla? Yeah? 7 00:00:22,760 --> 00:00:24,360 Speaker 3: Okay, So the shares have been up as much as 8 00:00:24,400 --> 00:00:28,040 Speaker 3: seven percent, leading the mag seven stocks. So basically, the 9 00:00:28,040 --> 00:00:30,960 Speaker 3: company missed estimates right for both revenue and earnings. In fact, 10 00:00:31,040 --> 00:00:34,280 Speaker 3: it's worst quarter in years. The results also show weakness 11 00:00:34,280 --> 00:00:38,519 Speaker 3: in their automotive business, tariff headwinds for its expanding energy operation. 12 00:00:39,159 --> 00:00:40,920 Speaker 3: But the thing is is that Elon Musk told a 13 00:00:40,960 --> 00:00:43,040 Speaker 3: vestor basically what they wanted to hear. He said he's 14 00:00:43,080 --> 00:00:45,240 Speaker 3: going to pull back from his role in DOJ in May. 15 00:00:45,440 --> 00:00:47,600 Speaker 3: He's going to focus more on Tesla. 16 00:00:48,000 --> 00:00:48,320 Speaker 1: He said. 17 00:00:48,320 --> 00:00:51,720 Speaker 3: His work establishing the group is quote mostly done. And 18 00:00:51,760 --> 00:00:54,000 Speaker 3: you've seen it, right the protests bringing up in recent 19 00:00:54,040 --> 00:00:57,639 Speaker 3: months against his government work. Tesla's been struggling. They've had 20 00:00:57,640 --> 00:01:01,440 Speaker 3: slumping sales, rising costs from President Trump's trade war. So 21 00:01:01,640 --> 00:01:04,040 Speaker 3: must try to reassure investors. A couple of things I 22 00:01:04,040 --> 00:01:05,880 Speaker 3: want to point out that he said he said at Tesla, 23 00:01:05,959 --> 00:01:08,840 Speaker 3: We've gone through many crisis over the years. This is 24 00:01:09,000 --> 00:01:11,759 Speaker 3: not one of those times. And he also said several 25 00:01:11,800 --> 00:01:14,039 Speaker 3: times in the call that he's pushed for lower tariffs too, 26 00:01:14,120 --> 00:01:16,559 Speaker 3: so he's kind of had to separate himself a little 27 00:01:16,560 --> 00:01:17,440 Speaker 3: bit there from the president. 28 00:01:17,520 --> 00:01:19,840 Speaker 2: All let's go to this. I've been on four eight 29 00:01:19,920 --> 00:01:24,319 Speaker 2: hundred and twelve conference calls. This is not it's not 30 00:01:24,480 --> 00:01:27,600 Speaker 2: a normal company. No, it's not. It's really tied to 31 00:01:28,080 --> 00:01:30,360 Speaker 2: mister Muska, and he's been great and he's a visionary 32 00:01:30,360 --> 00:01:34,320 Speaker 2: and he's sold the story. No, absolutely, But now he's 33 00:01:34,319 --> 00:01:35,800 Speaker 2: trying to sell a different story, which is we're not 34 00:01:35,840 --> 00:01:38,920 Speaker 2: necessarily a car company, which is facing lots of headwinds, 35 00:01:38,920 --> 00:01:42,680 Speaker 2: including Chinese competition. We're now a robotics company, an AI company, 36 00:01:42,880 --> 00:01:46,119 Speaker 2: a robotaxi company, trying to shift investor focus to where 37 00:01:46,160 --> 00:01:49,600 Speaker 2: potential growth may be. And that's the story. If you're 38 00:01:49,600 --> 00:01:51,840 Speaker 2: a bull on this stock, I think that's where you 39 00:01:52,200 --> 00:01:56,240 Speaker 2: have to be. Okay, So next Boeing too. 40 00:01:56,320 --> 00:01:58,120 Speaker 3: IT shares have been up as much as five percent. 41 00:01:58,520 --> 00:02:01,280 Speaker 3: So first quarter results right top wall streets estimate smaller 42 00:02:01,280 --> 00:02:04,360 Speaker 3: than expected adjusted loss for share IT used two point 43 00:02:04,360 --> 00:02:07,240 Speaker 3: three billion dollars in free cash in three months and 44 00:02:07,240 --> 00:02:09,720 Speaker 3: in March Thory first. It also ramped up jet production. 45 00:02:10,080 --> 00:02:12,440 Speaker 3: So when you talk about jet production, right, it's cash 46 00:02:12,480 --> 00:02:16,440 Speaker 3: cow seven thirty seven Max jetliner. They want to raise 47 00:02:16,520 --> 00:02:19,040 Speaker 3: output to thirty eight jets per month and then they 48 00:02:19,040 --> 00:02:22,360 Speaker 3: want to increase that to forty two units later this year. 49 00:02:23,160 --> 00:02:25,200 Speaker 3: And that's going to help like generate that cash that 50 00:02:25,280 --> 00:02:27,160 Speaker 3: was taken away by the strikes. You remember the strikes 51 00:02:27,160 --> 00:02:29,560 Speaker 3: and the manufacturing crisis and all that, So that's going 52 00:02:29,600 --> 00:02:30,480 Speaker 3: to really help out. 53 00:02:30,600 --> 00:02:34,840 Speaker 2: When you were flying with the Blue Angels at WXX leaders. 54 00:02:34,880 --> 00:02:38,040 Speaker 3: If you don't know those folks in the trusted area, Lisa's. 55 00:02:37,800 --> 00:02:39,440 Speaker 2: Iconics, you can go nowhere. 56 00:02:39,720 --> 00:02:42,120 Speaker 3: She goes down Aisle four at Costco for you people, 57 00:02:42,200 --> 00:02:42,760 Speaker 3: go mental. 58 00:02:43,040 --> 00:02:45,440 Speaker 2: Did you think you'd be talking free cash flow? 59 00:02:45,680 --> 00:02:52,200 Speaker 1: I didn't know. 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