1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Movers Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:16,680
Speaker 2: in the stock market, harnessing the power of Bloomberg Data Hire.

4
00:00:16,720 --> 00:00:18,520
Speaker 3: Let's take a look at some of the stocks on

5
00:00:18,680 --> 00:00:21,360
Speaker 3: the move today on Pulse When alongside Isabelle Lee and

6
00:00:21,400 --> 00:00:24,320
Speaker 3: we're joined by Bloombergs John Tucker. John, we're looking at today.

7
00:00:24,160 --> 00:00:27,800
Speaker 1: All right, quick report here, But in the pre market,

8
00:00:27,840 --> 00:00:31,760
Speaker 1: Tesla is higher in the pre market, and as it

9
00:00:31,840 --> 00:00:34,920
Speaker 1: is always one of the most actively traded higher this

10
00:00:35,040 --> 00:00:38,040
Speaker 1: morning only because it's taken such a beating over the

11
00:00:38,080 --> 00:00:41,400
Speaker 1: past week or so. They finished off a pretty dismal

12
00:00:41,520 --> 00:00:44,720
Speaker 1: year in Europe, steep declines in several of the region's

13
00:00:44,800 --> 00:00:48,480
Speaker 1: major markets for new car sales. The company registered only

14
00:00:50,159 --> 00:00:53,920
Speaker 1: forty two cars last month in France. That's down sixty

15
00:00:54,000 --> 00:00:57,440
Speaker 1: six percent from a year earlier. Sales plunged seventy one

16
00:00:57,480 --> 00:01:02,520
Speaker 1: percent in Sweden forty in Spain, deliveries dropping in all

17
00:01:02,560 --> 00:01:05,440
Speaker 1: three countries for the full year. Now, analysts are expecting

18
00:01:05,480 --> 00:01:09,679
Speaker 1: Tesla to report later today that its global vehicle deliveries

19
00:01:10,040 --> 00:01:14,600
Speaker 1: fell around eleven percent in the fourth quarter. That's actually

20
00:01:14,640 --> 00:01:20,319
Speaker 1: worse than the composite from Bloomberg Analysts. Tesla took the

21
00:01:20,360 --> 00:01:23,800
Speaker 1: unusual step earlier this week of publishing that analyst instimate

22
00:01:24,240 --> 00:01:28,040
Speaker 1: that was pessimistic, again, calling for a fifteen percent drop.

23
00:01:28,440 --> 00:01:32,440
Speaker 1: Demand for Tesla slumping across most of Europe throughout last year,

24
00:01:33,080 --> 00:01:36,560
Speaker 1: in part because of the blowback over the CEO Elon

25
00:01:36,680 --> 00:01:42,320
Speaker 1: Musk and the things that she had and supporting some

26
00:01:42,440 --> 00:01:46,680
Speaker 1: right wing politicians there and countries including in Germany the UK.

27
00:01:47,520 --> 00:01:50,960
Speaker 1: So as a result of this, it looks like China's

28
00:01:51,120 --> 00:01:55,080
Speaker 1: electric vehicle maker BYD, I know, has surpassed to Tesla,

29
00:01:55,320 --> 00:01:57,080
Speaker 1: I think, a sales leader, with.

30
00:01:57,080 --> 00:02:00,520
Speaker 3: The exception of the US, where BYD is being sold

31
00:02:00,560 --> 00:02:02,320
Speaker 3: and probably unlikely to be sold in your term. It

32
00:02:02,320 --> 00:02:03,920
Speaker 3: seems like BYD is just going to take over the

33
00:02:03,920 --> 00:02:06,279
Speaker 3: eede market globally. I mean just take it over, because

34
00:02:06,480 --> 00:02:08,799
Speaker 3: from what I'm hearing from car people, the quality is

35
00:02:08,840 --> 00:02:11,480
Speaker 3: pretty darn good and the price can't be beat because

36
00:02:11,480 --> 00:02:15,079
Speaker 3: they're being subsidized by the Chinese government. That's pretty compelling there.

37
00:02:15,160 --> 00:02:18,040
Speaker 1: And the focus lately for Tesla, at least from the

38
00:02:18,120 --> 00:02:22,600
Speaker 1: perspective of Elon Buss, has been on Robotaxi, which I

39
00:02:22,800 --> 00:02:25,320
Speaker 1: really can't wait for I think so maybe.

40
00:02:25,040 --> 00:02:27,680
Speaker 4: There are some people who are really with high conviction.

41
00:02:27,760 --> 00:02:29,520
Speaker 4: Because I was with a friend over the weekend and

42
00:02:29,520 --> 00:02:31,320
Speaker 4: he said, I have a Tesla, but I bought it

43
00:02:31,400 --> 00:02:33,280
Speaker 4: before all the political.

44
00:02:33,360 --> 00:02:35,560
Speaker 1: Does he have a bumper sticker that says that.

45
00:02:35,720 --> 00:02:39,080
Speaker 4: I ask him. He said he doesn't, but he felt

46
00:02:39,120 --> 00:02:40,920
Speaker 4: the need to justify that. I mean, I don't know.

47
00:02:41,040 --> 00:02:43,680
Speaker 4: There's no data yet on that, but that could probably

48
00:02:43,720 --> 00:02:44,200
Speaker 4: be impacted.

49
00:02:44,320 --> 00:02:46,440
Speaker 1: The idea is the company that was selling them for

50
00:02:46,560 --> 00:02:48,200
Speaker 1: like twelve thousand bucks.

51
00:02:48,400 --> 00:02:51,720
Speaker 3: They're twenty and thirty thousand dollars, which compared to anything

52
00:02:51,720 --> 00:02:55,000
Speaker 3: anybody else has, whether it's Volkswagen or General Motors or whatever,

53
00:02:55,400 --> 00:02:58,880
Speaker 3: that's compelling. But Tesla stock up nineteen percent last year.

54
00:02:58,960 --> 00:03:03,639
Speaker 3: So Elon Musk, I think is successfully, you know, taking

55
00:03:03,720 --> 00:03:06,800
Speaker 3: everybody's attention, investors attention away from the fact of building

56
00:03:06,840 --> 00:03:09,560
Speaker 3: cars and this other stuff, you know, the autonomous driving

57
00:03:09,600 --> 00:03:11,760
Speaker 3: and all that kind of stuff. So the ROBOTAXI, he's

58
00:03:11,800 --> 00:03:13,440
Speaker 3: done a good job doing that, So good for him.

59
00:03:13,639 --> 00:03:16,000
Speaker 1: Let me move on to some of the furniture makers.

60
00:03:16,000 --> 00:03:20,880
Speaker 1: They're getting at boost shares in URH which Restoration Hardware

61
00:03:20,960 --> 00:03:25,480
Speaker 1: and Wayfair took her symbol w President Trump delayed the

62
00:03:25,520 --> 00:03:30,120
Speaker 1: tariff increases on upholstered furniture, kitchen cabinets, and vanities the

63
00:03:30,200 --> 00:03:33,680
Speaker 1: higher terrace. They were supposed to take effect yesterday but

64
00:03:33,880 --> 00:03:37,760
Speaker 1: now said to take effect January first of twenty twenty seven.

65
00:03:38,280 --> 00:03:41,560
Speaker 1: This according to a White House fact sheet. Remember also

66
00:03:41,600 --> 00:03:43,960
Speaker 1: with terraces, we're still waiting for some word from the

67
00:03:43,960 --> 00:03:48,680
Speaker 1: Supreme Court tariffs overall, and those companies that already paid

68
00:03:48,680 --> 00:03:51,520
Speaker 1: them could be due for a set fund.

69
00:03:51,760 --> 00:03:54,080
Speaker 3: Trump was a taco thing back in the day. You know,

70
00:03:54,160 --> 00:03:57,240
Speaker 3: Trump water always chickens out, chickens out, Okay, So I

71
00:03:57,280 --> 00:03:59,280
Speaker 3: mean he just, you know, it seems like this. I

72
00:03:59,320 --> 00:04:01,440
Speaker 3: think everybody's kind figured out how to play this, which

73
00:04:01,480 --> 00:04:03,720
Speaker 3: is he talks a big game to start to make

74
00:04:03,840 --> 00:04:05,880
Speaker 3: news and all the type of stuff and then walks

75
00:04:05,880 --> 00:04:06,840
Speaker 3: it back to varying degrees.

76
00:04:06,880 --> 00:04:09,840
Speaker 1: I guess those two stocks I mentioned, Restoration Hardware and Wayfair.

77
00:04:10,360 --> 00:04:12,400
Speaker 1: You know what, I have been in both of those

78
00:04:12,440 --> 00:04:16,159
Speaker 1: stores right efically Wayfair. When I go in there and

79
00:04:16,200 --> 00:04:19,800
Speaker 1: I actually did buy a TV console. I negotiated the

80
00:04:19,839 --> 00:04:24,200
Speaker 1: price with the sales and you know, knocked off like

81
00:04:24,240 --> 00:04:26,800
Speaker 1: one hundred bucks. I mean, that was the thing. It

82
00:04:26,880 --> 00:04:31,360
Speaker 1: was dented in everything, and then restoration hardware. I went

83
00:04:31,400 --> 00:04:33,520
Speaker 1: in there, the one in Red Bank. Ye, it's basically

84
00:04:33,600 --> 00:04:36,080
Speaker 1: a showroom. You can't walk out with anything. You have

85
00:04:36,120 --> 00:04:38,800
Speaker 1: to work, and you'd have to mortgage the house to

86
00:04:38,800 --> 00:04:41,680
Speaker 1: get a couch. So some of the stocks that are

87
00:04:41,680 --> 00:04:43,920
Speaker 1: on the move this morning.

88
00:04:43,720 --> 00:04:47,720
Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with

89
00:04:47,800 --> 00:04:50,400
Speaker 2: us throughout the day for the latest roundup of companies

90
00:04:50,440 --> 00:04:53,520
Speaker 2: making news on Wall Street and for the latest market

91
00:04:53,600 --> 00:04:58,080
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

92
00:04:58,160 --> 00:05:01,200
Speaker 2: Bloomberg dot com, and on Apple car Play and Android

93
00:05:01,200 --> 00:05:03,160
Speaker 2: Auto with the Bloomberg Business app.