1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:18,360 Speaker 2: the stock market, harnessing the power of Bloomberg Data, Stocks. 4 00:00:18,040 --> 00:00:20,759 Speaker 3: On the move today, and companies to watch with Bloomberg's 5 00:00:20,800 --> 00:00:21,320 Speaker 3: Isabelle Lee. 6 00:00:21,320 --> 00:00:23,200 Speaker 1: Isabel what are you looking at Tesla? 7 00:00:23,280 --> 00:00:25,599 Speaker 3: We're seeing the shares edge lower by three percent, so 8 00:00:25,720 --> 00:00:28,760 Speaker 3: sales slump to the lowest since twenty twenty two. Vehicle 9 00:00:28,800 --> 00:00:32,040 Speaker 3: sales fell thirteen percent, and it's tracked down by multiple reasons. 10 00:00:32,040 --> 00:00:34,720 Speaker 3: So Tesla delivered three hundred and three, three hundred and 11 00:00:34,720 --> 00:00:37,199 Speaker 3: thirty six thousand, six hundred and eighty one vehicles in 12 00:00:37,240 --> 00:00:38,199 Speaker 3: the first three months. 13 00:00:38,280 --> 00:00:39,600 Speaker 1: That's compared to the three hundred and. 14 00:00:39,600 --> 00:00:42,440 Speaker 3: Ninety thousand, So the figure speak to the extent of 15 00:00:42,479 --> 00:00:46,400 Speaker 3: the disruptions that Tesla's business earlier saw. And the company 16 00:00:46,440 --> 00:00:49,240 Speaker 3: also retooled factories around the globe to make the redesigned 17 00:00:49,560 --> 00:00:52,440 Speaker 3: model wise, leading to lost outputs. So that's common when 18 00:00:52,479 --> 00:00:55,840 Speaker 3: carmakers transitioned from one vehicle generation to the next. The 19 00:00:55,960 --> 00:01:00,960 Speaker 3: uncommon factor was Elon musk involvement in geopolitical global politics 20 00:01:01,160 --> 00:01:03,520 Speaker 3: that spark protests across the US and Europe. I've seen 21 00:01:03,560 --> 00:01:06,840 Speaker 3: memes on Twitter with people sticking stickers in their test 22 00:01:06,959 --> 00:01:11,399 Speaker 3: lessing I bought this car before someone went when crazy. 23 00:01:11,400 --> 00:01:12,560 Speaker 1: I saw that too, it was like, I want this 24 00:01:12,640 --> 00:01:13,839 Speaker 1: car before Musk went crazy. 25 00:01:14,600 --> 00:01:17,920 Speaker 4: However, this is just the first quarter, so I'm really 26 00:01:17,920 --> 00:01:21,600 Speaker 4: wondering how much of it is impacted by Elon Musk's 27 00:01:21,600 --> 00:01:24,400 Speaker 4: involvement in the government, and then how the tariffs kind 28 00:01:24,400 --> 00:01:26,280 Speaker 4: of wrap into it. It feels like the second quarters 29 00:01:26,319 --> 00:01:28,360 Speaker 4: when we're going to get a cleaner read of that point. 30 00:01:28,720 --> 00:01:29,360 Speaker 1: That's a good point. 31 00:01:29,400 --> 00:01:31,240 Speaker 3: I mean, you see it already in Germany and in 32 00:01:31,280 --> 00:01:34,720 Speaker 3: other countries like Europe, people are outrightly saying that they're 33 00:01:34,880 --> 00:01:37,000 Speaker 3: pulling back their support where they're not using their test 34 00:01:37,000 --> 00:01:39,759 Speaker 3: lis or not buying anymore because of this. But you're right, 35 00:01:39,880 --> 00:01:43,679 Speaker 3: what will the second quarter bring in Sino? 36 00:01:43,959 --> 00:01:47,119 Speaker 1: That right, that's how another stay? Are you making up words? 37 00:01:47,160 --> 00:01:47,440 Speaker 3: Now? 38 00:01:47,480 --> 00:01:51,160 Speaker 1: I'm just looking at it. Staff we're watching is called Enzino. 39 00:01:51,400 --> 00:01:56,240 Speaker 1: It's down per Okay, they provide cloud banking solutions. 40 00:01:56,800 --> 00:01:59,880 Speaker 3: Yes, okay, there's it up and cno is a ticker 41 00:02:00,120 --> 00:02:03,240 Speaker 3: a capital C actually, so that's why it's done. So 42 00:02:03,640 --> 00:02:05,360 Speaker 3: it was down as much as thirty five percent in 43 00:02:05,400 --> 00:02:07,840 Speaker 3: pre market trading. Now it's paired box some of those losses, 44 00:02:07,880 --> 00:02:10,400 Speaker 3: but still twenty percent. So they gave a weaker than 45 00:02:10,440 --> 00:02:14,760 Speaker 3: expected outlook, so they prompted multiple downgrades, almost more than 46 00:02:14,800 --> 00:02:17,040 Speaker 3: half a dozen. We have William Blair saying that the 47 00:02:17,080 --> 00:02:20,840 Speaker 3: outlook was well below street expectations and they called the 48 00:02:20,880 --> 00:02:21,960 Speaker 3: guidance disappointing. 49 00:02:22,000 --> 00:02:23,320 Speaker 1: We have Morgan Stanley. 50 00:02:23,040 --> 00:02:25,440 Speaker 3: Saying that the company was weighed down by challenges from 51 00:02:25,480 --> 00:02:29,000 Speaker 3: international sales execution and the onboarding of what they call 52 00:02:29,080 --> 00:02:30,679 Speaker 3: Doc Fox. So I had to look it up and 53 00:02:30,800 --> 00:02:35,200 Speaker 3: it automates onboarding experiences, so that also was a disappointment. 54 00:02:35,560 --> 00:02:38,880 Speaker 3: And across the board from revenue to adjusted EPs, it 55 00:02:39,080 --> 00:02:42,079 Speaker 3: was below analyst expectations. 56 00:02:42,160 --> 00:02:43,720 Speaker 1: And wrapping it up here with Newsmax. 57 00:02:44,400 --> 00:02:46,600 Speaker 3: So this is interesting because the past days it's we've 58 00:02:46,600 --> 00:02:48,760 Speaker 3: seen a pop, but now shares are edging down by 59 00:02:48,800 --> 00:02:51,800 Speaker 3: thirty five percent, but still we've seen a two thousand, 60 00:02:51,880 --> 00:02:54,280 Speaker 3: two hundred and thirty percent rallies since it's debut on Monday, 61 00:02:54,320 --> 00:02:57,680 Speaker 3: and it officially cemented itself as a meme stock, and 62 00:02:57,760 --> 00:02:59,760 Speaker 3: because of that rally, it has now a greater market 63 00:02:59,800 --> 00:03:02,959 Speaker 3: ball you more than Fox, more than Warner brothers more 64 00:03:03,000 --> 00:03:07,200 Speaker 3: than niche. It's yes, it's actually really wild to see. 65 00:03:07,600 --> 00:03:11,720 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 66 00:03:11,800 --> 00:03:14,560 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:14,600 --> 00:03:17,640 Speaker 2: making news on Wall Street and for the latest market 68 00:03:17,680 --> 00:03:22,040 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:22,080 --> 00:03:25,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:25,400 --> 00:03:26,880 Speaker 2: the Bloomberg Business app.