WEBVTT - Beyond Meat Surges, Tesla Drops, Texas Instruments Slides on Lackluster Forecast 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Well, let's take a look at some of the stocks

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<v Speaker 3>on the move today. I'm Paul Swing alongside Scarlet Food

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<v Speaker 3>and we're joined by Christine Aquino.

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<v Speaker 1>Christine, what are you looking at? We got to take

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<v Speaker 1>a look at Beyond Me, Paul.

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<v Speaker 3>Tom King. We were not allowed to talk about Well, we.

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<v Speaker 1>Can talk about it to our heart's content over here

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<v Speaker 1>because that stock is roaring so beyond Me ticker b

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<v Speaker 1>Y and D. Earlier actually it was halted because of

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<v Speaker 1>the volatility, but before it was it rose as much

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<v Speaker 1>as seventy three percent. Now that stock is trading again

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<v Speaker 1>and it is currently up sixty percent. It's just been

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<v Speaker 1>a crazy rally, like nearly four days up nearly thirteen

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<v Speaker 1>hundred percent, and it started on Friday. Started on Friday

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<v Speaker 1>because there was a business Insider report that apparently there

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<v Speaker 1>is a trader who's been touting to stock on social

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<v Speaker 1>media and that kind of just gave rise to the

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<v Speaker 1>meme stock feeling of it. Also, it is the latest

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<v Speaker 1>darling of that movement, and the theory is that now

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<v Speaker 1>that rally is being used by all these traders who

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<v Speaker 1>previously were heavily short on the stock now trying to

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<v Speaker 1>cover to shorts. Because sixty four percent of the shares

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<v Speaker 1>available for trading had been sold short at the end

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<v Speaker 1>of September, that's all of shorts to cover, and that's

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<v Speaker 1>why we're seeing this gangbuster's rally today. A right, so

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<v Speaker 1>sticking it to the man. When it comes to beyond me,

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<v Speaker 1>Let's talk about Tesla, which will be reporting earnings later today.

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<v Speaker 1>Absolutely st carlate, so that's stock not moving too much today.

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<v Speaker 1>So ticker TSLA that's down just about zero point three percent.

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<v Speaker 1>It is the second day of losses, so a lot

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<v Speaker 1>of expectations, of course for the third quarter earnings after

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<v Speaker 1>to close their respectactor to actually report a solid set

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<v Speaker 1>of results, primarily because we did see the record deliveries

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<v Speaker 1>figure earlier this month. But of course that is because

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<v Speaker 1>of potentially customers taking advantage of this tax credit that

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<v Speaker 1>seventy five hundred dollars that people can use toward purchasing

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<v Speaker 1>an EV vehicle that is expiring or has already expired,

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<v Speaker 1>and so you know, there was a rush to get

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<v Speaker 1>those vehicles before that deadline. So question is can the

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<v Speaker 1>deliveries be sustained right or is it just kind of

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<v Speaker 1>a one off thing. You have to make the call.

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<v Speaker 3>It doesn't matter because Elon's going to get on the callege.

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<v Speaker 3>You can try to redirect you away from the fact

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<v Speaker 3>that he's an auto company. Every thing over here it's

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<v Speaker 3>a robotaxis and you know what, nobody does it better

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<v Speaker 3>than he does, and his investor base is happy to

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<v Speaker 3>make that play.

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<v Speaker 1>Yeah, exactly, and that's exactly what counter for Gerald Animals

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<v Speaker 1>are saying. Right, So the focus is actually going to

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<v Speaker 1>be anything new in robotaxis or is there anything new

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<v Speaker 1>on the lower cost model three y and also updates

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<v Speaker 1>on robotics or autonomy. So, like you say, Paul, there's

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<v Speaker 1>a lot of shiny new things that Elon can out

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<v Speaker 1>here that will take attention away from that deliveries figure.

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<v Speaker 3>Yeah, there you go. Texas Instruments, well that's a name

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<v Speaker 3>I haven't in a while.

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<v Speaker 1>Yeah, and shares are not doing well this morning. So

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<v Speaker 1>Texas Instruments Sticker t X and those are down just

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<v Speaker 1>over six percent at the moment because we did get

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<v Speaker 1>an outlook update from them. So they're saying that the

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<v Speaker 1>current period forecast is raising questions over whether this recovery

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<v Speaker 1>and chips is sputtering because they say that the EPs

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<v Speaker 1>outlook for the current period is going to be below estimate,

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<v Speaker 1>top end revenue outlook just slightly above the average forecast,

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<v Speaker 1>and their CEOJAVI alone saying that their industrial customers are

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<v Speaker 1>taking a quote weight and see approach when it comes

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<v Speaker 1>to a factory expansion plans because of the macro backdrop.

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<v Speaker 1>As we know, there are tariffs in play here that

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<v Speaker 1>could potentially be affecting those investment plans.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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