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Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritty Gupta. As you

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Speaker 1: get ready to kick off the second half of twenty

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Speaker 1: twenty five, much as we have been throughout the first

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Speaker 1: half of twenty twenty five, got to talk about Tesla

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Speaker 1: this morning. Good morning, Critty, Good morning Nathan.

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Speaker 3: Absolutely, it is your biggest mover in either direction really

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Speaker 3: this morning. You're seeing a little bit of a quiet

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Speaker 3: market when it comes to the S and P five hundred,

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Speaker 3: But your biggest downside mover and your biggest volume mover

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Speaker 3: is Tesla. As you say, Tsla is your ticker trading

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Speaker 3: lower by about four point two percent this morning and

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Speaker 3: dropping as we speak, trading at three hundred and four

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Speaker 3: dollars a share. Now, a couple of things happening here.

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Speaker 3: You do, of course, have the fact that Tesla has

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Speaker 3: actually been on a pretty decent winning streak in the

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Speaker 3: latest last couple of days as well. So remember on

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Speaker 3: the start for the very first day of a new quarter,

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Speaker 3: a new half, the back half of the year, you

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Speaker 3: are going to see a little bit of a pullback

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Speaker 3: in those kind of stocks. But of course, a lot

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Speaker 3: of this momentum to the downside has to do with

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Speaker 3: a fight on Twitter, on social media, nonetheless, with none

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Speaker 3: other than Donald Trump. The romance is over. Anythink that's

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Speaker 3: fair to say, Nathan this morning, because you are seeing

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Speaker 3: President Donald Trump lashing out of Elon Musk, who in

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Speaker 3: turn has already been very vocal and criticized the big

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Speaker 3: beautiful bill that's currently making its way through Congress at

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Speaker 3: the moment, saying that this is just going to make

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Speaker 3: the deficit even worse. It looks like Donald Trump, on

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Speaker 3: the other hand, saying that Elon may get more subsidies

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Speaker 3: than any human being in history by far, and without subsidies,

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Speaker 3: Elon would probably have to close up shop and head

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Speaker 3: back home to South Africa. Now here's why this is

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Speaker 3: a market moving event, Nathan Tesla is one of the

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Speaker 3: biggest stocks in the S and P five hundred is

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Speaker 3: affordable in terms of ev space because of these subsidies

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Speaker 3: you get not only from manufacturing but also from when

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Speaker 3: you buy an electric vehicle as well, which of course

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Speaker 3: is going to create that demand. And that's where Tesla's

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Speaker 3: really taking a hit this morning. Tsla, like I said,

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Speaker 3: down about four point two percent. And if you let

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Speaker 3: me just nerd out about this a little bit, Nathan,

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Speaker 3: because it's a fascinating one. This is giving me a

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Speaker 3: little bit of deja vus from when Elon Musk was

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Speaker 3: in the initial stages of buying what was then known

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Speaker 3: as Twitter, now known as x And this is a

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Speaker 3: really significant story here because every time we saw those

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Speaker 3: deal headlines, it actively moved the entire s and P

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Speaker 3: five hundred because of that Tesla waiting. Now in the

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Speaker 3: last couple of weeks you've seen Tesla shares actually recoup

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Speaker 3: a little bit because there was this idea that Elon Musk,

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Speaker 3: in his as he departs the White House from that

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Speaker 3: consulting role under Doge, would actually be able to pay

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Speaker 3: more attention to his businesses. That was one piece of

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Speaker 3: it that actually helped Tesla stock rise and then it

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Speaker 3: was going to move it all back. Now you are

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Speaker 3: seeing a little bit of concern that wat end of

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Speaker 3: today the fundamentals may hurt it, especially giving the some

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Speaker 3: of the ev rollback in green rollbacks here in Europe

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Speaker 3: as well that have been helping some of the ev

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Speaker 3: makers like Tesla in this region are also starting to

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Speaker 3: wear this. So that's going to be something to keep

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Speaker 3: an eye on. Tsla down about four percent, but really

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Speaker 3: keep an eye on that one. There's another one I

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Speaker 3: want to put on your radar, Nathan, Okay, and that

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Speaker 3: is in the cryptocurrency space. We're getting a lot of

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Speaker 3: this idea that if you are exposed to cryptocurrencies in

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Speaker 3: any way, or if you're launching new products when it

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Speaker 3: comes to stable coins, which again we know has gotten

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Speaker 3: a little bit of a green light from Washington, you

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Speaker 3: are also in a good place. So robinhood is another

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Speaker 3: name I'm going to put on your radar. Hood Hire

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Speaker 3: by three point eight percent this morning, ninety seven dollars

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Speaker 3: a share. It looks like they're going into the stable

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Speaker 3: coin space, and investors are liking that news. Ada very

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Speaker 3: quiet Marketing.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout today for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headline.

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