1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,800 Speaker 1: harnessing the power of Bloomberg Data. I'm Paul Sweeney, sitting 4 00:00:17,920 --> 00:00:20,680 Speaker 1: in with Scarlett fou and we're joined by Bloomberg. 5 00:00:20,720 --> 00:00:23,319 Speaker 2: No, Malina, what Norma? Linda? Thank you? 6 00:00:23,360 --> 00:00:24,000 Speaker 1: What do you got for us? 7 00:00:24,000 --> 00:00:26,280 Speaker 2: Nor? Well, we can't share as a super micro computer. 8 00:00:26,360 --> 00:00:30,520 Speaker 2: That's Tacker SMCI. We're really seeing what was once a 9 00:00:30,560 --> 00:00:34,960 Speaker 2: fan favorite here reporting an unexpectfully issuing a first quarter 10 00:00:35,000 --> 00:00:38,240 Speaker 2: guidance that fell short of the street's estimates. Here. Of course, 11 00:00:38,280 --> 00:00:40,120 Speaker 2: you know the stock is still up about sixty one 12 00:00:40,159 --> 00:00:42,920 Speaker 2: percent year to date, but this is among the worst 13 00:00:42,960 --> 00:00:45,360 Speaker 2: performing stocks in the S and P five hundred right now, 14 00:00:45,400 --> 00:00:48,040 Speaker 2: down as much as seven point six percent here, as 15 00:00:48,040 --> 00:00:52,320 Speaker 2: people really just horse this unexpected delivery here. And also 16 00:00:52,400 --> 00:00:54,000 Speaker 2: we do know that the company's really been working to 17 00:00:54,040 --> 00:00:56,960 Speaker 2: recover from some of its accounting concerns since it missed 18 00:00:57,160 --> 00:00:59,680 Speaker 2: in August twenty twenty four deadline to file its annual 19 00:00:59,720 --> 00:01:02,800 Speaker 2: find outial report here all right, and the first mag 20 00:01:02,880 --> 00:01:06,839 Speaker 2: seven name to report was Tesla, and the stock is down, Yeah, 21 00:01:06,920 --> 00:01:09,520 Speaker 2: lots going on today, I mean profit plunge. This was 22 00:01:09,560 --> 00:01:12,640 Speaker 2: all despite a record quarter of vehicle sales here. This 23 00:01:12,720 --> 00:01:15,240 Speaker 2: is really just underscoring the ongoing streams that we've really 24 00:01:15,280 --> 00:01:18,400 Speaker 2: seen on the automotive business that of course we know 25 00:01:18,480 --> 00:01:21,000 Speaker 2: is owned by Elon Musk here, and we do know 26 00:01:21,040 --> 00:01:23,039 Speaker 2: that he also came on the call toward the end 27 00:01:23,120 --> 00:01:27,200 Speaker 2: saying that he wanted investors essentially back his trillion dollar 28 00:01:27,360 --> 00:01:30,360 Speaker 2: compensation package. So he was really pleading there with investors 29 00:01:30,360 --> 00:01:32,880 Speaker 2: those on his earnings call here. But we are seeing 30 00:01:32,880 --> 00:01:36,800 Speaker 2: shares of Tesla take her TSLA down about two and 31 00:01:36,840 --> 00:01:38,920 Speaker 2: a half percent, but earlier down as much as five 32 00:01:38,959 --> 00:01:42,200 Speaker 2: point seven percent for its worst day since July. And 33 00:01:42,240 --> 00:01:44,319 Speaker 2: we know that this comes after yesterday when the news 34 00:01:44,360 --> 00:01:47,240 Speaker 2: came out that it was recalling almost thirteen thousand of 35 00:01:47,280 --> 00:01:51,080 Speaker 2: its evs over risk of battery power loss. And people 36 00:01:51,160 --> 00:01:54,120 Speaker 2: really just continuing to parse all these different intricacies here 37 00:01:54,160 --> 00:01:56,640 Speaker 2: going on with Tesla. I can't think of a company 38 00:01:56,640 --> 00:02:00,600 Speaker 2: that's more closely aligned with its founder all the way, 39 00:02:00,680 --> 00:02:02,600 Speaker 2: all the way, I mean, I'm thinking back to all 40 00:02:02,600 --> 00:02:04,800 Speaker 2: the years I've done this, I mean, but Elon Musk 41 00:02:04,840 --> 00:02:07,200 Speaker 2: and Tesla, and there's never any talk about a successor 42 00:02:07,240 --> 00:02:09,440 Speaker 2: either No. 43 00:02:08,480 --> 00:02:11,040 Speaker 1: No, that's how it exists. No, I just don't understand. 44 00:02:11,040 --> 00:02:13,359 Speaker 1: But no, it works. If you're a believer there, that's 45 00:02:13,360 --> 00:02:15,040 Speaker 1: for sure, he's made money for your shareholders. 46 00:02:15,080 --> 00:02:17,880 Speaker 2: How about Amazon one that I find super interesting today 47 00:02:18,000 --> 00:02:20,200 Speaker 2: up as much about one point three percent. But this 48 00:02:20,240 --> 00:02:22,280 Speaker 2: is after Amazon said it is rolling out a new 49 00:02:22,320 --> 00:02:26,120 Speaker 2: AI powered tool that will recommend a specific product when 50 00:02:26,400 --> 00:02:29,240 Speaker 2: shoppers are feeling overwhelmed. So this is made essentially for 51 00:02:29,320 --> 00:02:31,760 Speaker 2: the indecisive. Apparently, if you're spending way too much time 52 00:02:31,760 --> 00:02:34,280 Speaker 2: clicking through different products, it's supposed to hop in there 53 00:02:34,320 --> 00:02:36,680 Speaker 2: and start recommending some to narrow it down for you. 54 00:02:36,680 --> 00:02:41,760 Speaker 1: Here the Stock Movers Report from Bloomberg Radio. Check back 55 00:02:41,760 --> 00:02:44,000 Speaker 1: with us throughout the day for the latest roundup of 56 00:02:44,040 --> 00:02:47,360 Speaker 1: companies making news on Wall Street and for the latest 57 00:02:47,360 --> 00:02:51,600 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 58 00:02:51,600 --> 00:02:55,320 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 59 00:02:55,360 --> 00:02:57,360 Speaker 1: Auto with the Bloomberg Business app.