1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios podcasts, radio News. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,120 --> 00:00:20,320 Speaker 1: I'm Carol Master along with Matt Miller. Let's get to 5 00:00:20,400 --> 00:00:22,440 Speaker 1: some of the stocks on the move on this Tuesday 6 00:00:22,440 --> 00:00:25,000 Speaker 1: with us as Bloomberg News process at reporter Deniza Sokova. 7 00:00:25,800 --> 00:00:26,280 Speaker 3: Tesla. 8 00:00:26,800 --> 00:00:29,760 Speaker 1: This is a company we're all talking about a lot today. 9 00:00:30,400 --> 00:00:33,839 Speaker 4: Yeah, and on the topic of strong conviction bait, this 10 00:00:34,040 --> 00:00:36,800 Speaker 4: obviously has been one company that has been moving, has 11 00:00:36,800 --> 00:00:40,120 Speaker 4: a massive momentum on the upside, and today on the downside, 12 00:00:40,479 --> 00:00:44,680 Speaker 4: stock is down six percent today. It's coming off prison. 13 00:00:44,840 --> 00:00:47,519 Speaker 4: Trump flushing out the tea with Musk, and there has 14 00:00:47,560 --> 00:00:50,920 Speaker 4: been a whole exchange on X. They've been talking about 15 00:00:50,960 --> 00:00:55,040 Speaker 4: government subsidies for electric vehicles. Obviously Ewan Musk has been 16 00:00:55,200 --> 00:00:58,520 Speaker 4: very critical of the bill that's moving through Senate currently, 17 00:00:59,520 --> 00:01:02,840 Speaker 4: and that's where their spat initially started about a month ago, 18 00:01:02,960 --> 00:01:06,720 Speaker 4: and we saw this whole even most complex falling at 19 00:01:06,720 --> 00:01:10,240 Speaker 4: the same time. Starting from Tesla, we have obviously Destney 20 00:01:10,280 --> 00:01:14,160 Speaker 4: one hundred, we chess biggest posure to SpaceX it felt 21 00:01:14,280 --> 00:01:17,119 Speaker 4: then and it's down now. We even have dosh coin 22 00:01:17,840 --> 00:01:20,920 Speaker 4: suffering from this, so he is more than just Test, 23 00:01:20,959 --> 00:01:23,640 Speaker 4: so there is a whole complex that is suffering out 24 00:01:23,680 --> 00:01:26,440 Speaker 4: of that. This way is down twenty five percent year 25 00:01:26,520 --> 00:01:30,520 Speaker 4: to eight and obviously this is not about the company's fundamentals, 26 00:01:30,600 --> 00:01:32,840 Speaker 4: but we're seeing a lot of pressure there this way. 27 00:01:32,840 --> 00:01:35,759 Speaker 4: It's set to release its second quarter deliveries this week. 28 00:01:36,040 --> 00:01:40,199 Speaker 4: Evie deliveries are estimated to fall about twenty percent year today, 29 00:01:40,720 --> 00:01:43,840 Speaker 4: ear and ear and test what first quarter deliveries we're 30 00:01:43,880 --> 00:01:46,440 Speaker 4: at almost three years low. We know that Ewan Mousk 31 00:01:46,560 --> 00:01:48,760 Speaker 4: is taking care of European sales now, which is one 32 00:01:48,760 --> 00:01:51,600 Speaker 4: of their weakest markets for ev So we yet to 33 00:01:51,640 --> 00:01:52,520 Speaker 4: see if that will help. 34 00:01:52,520 --> 00:01:56,040 Speaker 3: I mean, does anyone care about their car sales? And 35 00:01:56,080 --> 00:01:58,320 Speaker 3: it's a do you know of any other car maker? 36 00:01:58,400 --> 00:02:00,880 Speaker 3: Or let me rephrase that, if you add up every 37 00:02:01,000 --> 00:02:05,040 Speaker 3: single other car maker in the entire world, yes, their 38 00:02:05,080 --> 00:02:08,799 Speaker 3: market caps combined do not come to you know, two 39 00:02:08,919 --> 00:02:13,800 Speaker 3: thirds fundamental point fundamentals certainly in this in this aspect, 40 00:02:13,960 --> 00:02:15,560 Speaker 3: car sales don't matter all right. 41 00:02:15,639 --> 00:02:18,760 Speaker 1: Roessla of course, ticker ts LA stock is down five 42 00:02:18,840 --> 00:02:22,359 Speaker 1: percent in today's session, but as Denisa mentioned, earlier stock 43 00:02:22,520 --> 00:02:25,080 Speaker 1: is not doing so well this year unless you're a 44 00:02:25,080 --> 00:02:26,919 Speaker 1: bear on it. Let's talk about twenty five percent. 45 00:02:27,120 --> 00:02:30,120 Speaker 3: Sweet Grain is one of my favorite tickers because I'm 46 00:02:30,120 --> 00:02:34,120 Speaker 3: a huge fan of Black Sabbath and Tony Iomi played 47 00:02:34,120 --> 00:02:35,040 Speaker 3: a Gibson SG. 48 00:02:35,440 --> 00:02:36,799 Speaker 4: Okay, so every time I. 49 00:02:36,760 --> 00:02:40,080 Speaker 3: Look at this ticker, I think of La Sabbath. But 50 00:02:40,680 --> 00:02:43,840 Speaker 3: they did so much better than Sweet Grain stock. I 51 00:02:43,840 --> 00:02:46,400 Speaker 3: look at it over five years, it's down forty seven percent. 52 00:02:46,919 --> 00:02:49,240 Speaker 4: Yeah, I'm actually thinking of association and rally. I don't 53 00:02:49,280 --> 00:02:51,560 Speaker 4: know SG. It's always in my head anyway. Sweet Green 54 00:02:51,639 --> 00:02:54,600 Speaker 4: it is now about two percent. It's coming off of 55 00:02:55,160 --> 00:02:59,240 Speaker 4: TD Collin downgrade. It's currently hold. Previously by saying the 56 00:02:59,320 --> 00:03:02,920 Speaker 4: solid Driss chain's key urban food print appears to be 57 00:03:03,040 --> 00:03:06,399 Speaker 4: under extreme pressure. Obviously, this is a brand that appears 58 00:03:06,440 --> 00:03:08,040 Speaker 4: to be Yeah, here's. 59 00:03:07,880 --> 00:03:09,320 Speaker 1: The next team for catching up. 60 00:03:09,680 --> 00:03:12,480 Speaker 4: Well, yeah, it looks like, you know, those three story 61 00:03:13,200 --> 00:03:17,359 Speaker 4: salads are under pressure. Obviously, we've seen so many companies 62 00:03:17,360 --> 00:03:19,760 Speaker 4: saying that more people are eating at home, cooking at home, 63 00:03:19,880 --> 00:03:24,120 Speaker 4: and you can imagine twenty dollars salad is not the 64 00:03:24,160 --> 00:03:27,000 Speaker 4: most popular item with the weakening consumer. Of course, the 65 00:03:27,000 --> 00:03:31,000 Speaker 4: ticker is SG td Con calculates four year or older 66 00:03:31,040 --> 00:03:35,280 Speaker 4: stores are showing same store sales down by double digit percentage. 67 00:03:35,840 --> 00:03:39,160 Speaker 4: Obviously they're growing in suburban markets, but do Con is 68 00:03:39,200 --> 00:03:41,240 Speaker 4: saying that may not be enough. And it's just down 69 00:03:41,520 --> 00:03:44,520 Speaker 4: fifty four percent ear today. So last year it was 70 00:03:44,560 --> 00:03:47,720 Speaker 4: a massive rally. There was a lot of retail excitement there. 71 00:03:47,760 --> 00:03:50,640 Speaker 4: But obviously today things look very different. 72 00:03:50,680 --> 00:03:52,760 Speaker 1: All right, just get about thirty forty seconds. Let's do 73 00:03:52,880 --> 00:03:55,920 Speaker 1: Nike take our NK this stock owned in the other direction. 74 00:03:56,000 --> 00:03:57,120 Speaker 1: It's actually rallying today. 75 00:03:57,320 --> 00:04:02,160 Speaker 4: Yeah, it's up three percent. August Research upgraded it, saying 76 00:04:02,200 --> 00:04:04,960 Speaker 4: that the recovery is underway. We've seen a lot of optimism. 77 00:04:04,960 --> 00:04:09,040 Speaker 4: We obviously had the earnings last week, like sid that 78 00:04:09,280 --> 00:04:12,560 Speaker 4: your long sales decline is starting to ease and forecasted 79 00:04:12,680 --> 00:04:16,080 Speaker 4: is more than expected dropping revenue. That comes after a 80 00:04:16,160 --> 00:04:19,440 Speaker 4: strategic moves from the CEO. We know the push to 81 00:04:19,520 --> 00:04:23,239 Speaker 4: reach more women. We know Nikes going back to Amazon 82 00:04:23,360 --> 00:04:25,440 Speaker 4: has its own store. So there is a lot of 83 00:04:25,440 --> 00:04:28,599 Speaker 4: optimism just in the last few days that have almost 84 00:04:28,720 --> 00:04:31,600 Speaker 4: erased the year today losses. That says the company is still. 85 00:04:31,839 --> 00:04:34,200 Speaker 3: Do you wear? Do you do you have jaggings? 86 00:04:35,440 --> 00:04:38,960 Speaker 2: Do scores. 87 00:04:41,000 --> 00:04:41,840 Speaker 4: It's a great start. 88 00:04:41,920 --> 00:04:44,880 Speaker 3: Yeah, I'm asking because I have a lot of shackets 89 00:04:45,360 --> 00:04:50,559 Speaker 3: in my closet. Apparently snows are they're so hot trends. 90 00:04:50,600 --> 00:04:52,640 Speaker 4: We were talking about that, but I cannot run with them. 91 00:04:52,680 --> 00:04:55,800 Speaker 1: It's just not Comfortabley Jaggings Gene Leggings. 92 00:04:56,400 --> 00:05:00,520 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Get back with 93 00:05:00,640 --> 00:05:03,360 Speaker 2: us throughout the day for the latest roundup of companies 94 00:05:03,400 --> 00:05:06,480 Speaker 2: making news on Wall Street and for the latest market 95 00:05:06,480 --> 00:05:10,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 96 00:05:10,920 --> 00:05:14,159 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 97 00:05:14,240 --> 00:05:15,679 Speaker 2: the Bloomberg Business app.