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 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,160 --> 00:00:19,479 Speaker 3: Well, let's get a look at how some individual stocks 5 00:00:19,520 --> 00:00:22,200 Speaker 3: are performing today. We're joined by bloombergs Isabelle Lee Bloomberg 6 00:00:22,200 --> 00:00:23,680 Speaker 3: Cross Asset reporter as well. 7 00:00:23,680 --> 00:00:26,200 Speaker 1: What he have we're looking at Tesla shares are still 8 00:00:26,320 --> 00:00:29,240 Speaker 1: edging lower by almost one and a half percent. So 9 00:00:29,640 --> 00:00:32,479 Speaker 1: we saw it's vehicle sales slumping thirteen percent in the 10 00:00:32,520 --> 00:00:34,960 Speaker 1: first quarter, and that's really dragged down. But a changeover 11 00:00:35,000 --> 00:00:37,120 Speaker 1: in its most important model, which is the model why 12 00:00:37,440 --> 00:00:40,280 Speaker 1: and backlash against Elon Musk. We have Canter saying that 13 00:00:40,320 --> 00:00:42,960 Speaker 1: Tesla sales in the first quarter were affected by weak 14 00:00:43,000 --> 00:00:46,720 Speaker 1: demand in Europe end quote, Elon's polarizing politics, among other 15 00:00:46,800 --> 00:00:49,879 Speaker 1: reasons end quote. So the figures really just speak to 16 00:00:49,920 --> 00:00:53,640 Speaker 1: how the disruptions have really affected Tesla's business. You sometimes 17 00:00:53,640 --> 00:00:57,120 Speaker 1: you really wonder can you separate the man from the 18 00:00:57,120 --> 00:00:59,400 Speaker 1: business that we have RBC analyst saying that the myths 19 00:00:59,480 --> 00:01:02,200 Speaker 1: was not a total surprise and it's largely understood by 20 00:01:02,240 --> 00:01:04,520 Speaker 1: the market. But we have wet Bush saying that the 21 00:01:04,560 --> 00:01:06,640 Speaker 1: street knew it was bad, but it didn't know it 22 00:01:06,680 --> 00:01:09,520 Speaker 1: would be this bad. He said, it's worse than expected. 23 00:01:09,600 --> 00:01:11,800 Speaker 1: He meaning Dan Ives, who we know is one of 24 00:01:11,800 --> 00:01:12,839 Speaker 1: the biggest Tesla bulls. 25 00:01:12,840 --> 00:01:14,880 Speaker 4: It's true. When Danaives comes in and starts to say 26 00:01:15,120 --> 00:01:17,200 Speaker 4: things on the margin, you really got to listen. Are 27 00:01:17,200 --> 00:01:20,440 Speaker 4: you also looking at Newsmax here? That's been a wild ride. 28 00:01:20,520 --> 00:01:22,800 Speaker 1: Wild ride indeed, and now we're seeing some pressure forty 29 00:01:22,840 --> 00:01:25,919 Speaker 1: five percent lower, but that's after more than two thousand 30 00:01:25,959 --> 00:01:28,440 Speaker 1: percent Ridley since its debut on Monday, and it's really 31 00:01:28,480 --> 00:01:30,920 Speaker 1: cemented itself as a memestock right now because we have 32 00:01:30,959 --> 00:01:34,120 Speaker 1: a lot of bullish retail investors who are piling in 33 00:01:34,120 --> 00:01:36,880 Speaker 1: on the stock. In Fidelity, they were mostly the buyers. 34 00:01:36,920 --> 00:01:40,200 Speaker 1: It was the top five most popular in stock on Tuesday, 35 00:01:40,400 --> 00:01:42,959 Speaker 1: and we have in memes and Reddit a lot of 36 00:01:43,000 --> 00:01:46,160 Speaker 1: memes are saying that this is the new game stop. 37 00:01:46,319 --> 00:01:48,680 Speaker 1: They touted their easy returns. I mean, if you invested 38 00:01:48,880 --> 00:01:50,240 Speaker 1: at the start of the week and then you have 39 00:01:51,000 --> 00:01:54,480 Speaker 1: a two thousand percent gain, that's really something. So really 40 00:01:54,520 --> 00:01:57,920 Speaker 1: the sturch is reminiscent of the memestock craze and wrapping 41 00:01:57,960 --> 00:02:00,960 Speaker 1: it up Roadblocks's I kind of agree. Yes, three blocks 42 00:02:01,000 --> 00:02:03,520 Speaker 1: is up by nearly three percent. They announced new tools 43 00:02:03,560 --> 00:02:06,240 Speaker 1: to help parents control how their children's interact with strangers 44 00:02:06,440 --> 00:02:08,320 Speaker 1: in the platform. We know that a lot of these 45 00:02:08,480 --> 00:02:11,520 Speaker 1: platforms have really come under fire because it's seen as 46 00:02:11,520 --> 00:02:14,800 Speaker 1: a hazard for children, especially underage ones. And starting Wednesday, 47 00:02:14,800 --> 00:02:17,160 Speaker 1: parents will be able to limit who their child can 48 00:02:17,200 --> 00:02:19,799 Speaker 1: interact with, and the company said that parents will be 49 00:02:19,840 --> 00:02:22,320 Speaker 1: able to view which games their children play and restrict 50 00:02:22,320 --> 00:02:23,959 Speaker 1: them from playing inappropriate ones. 51 00:02:24,120 --> 00:02:24,760 Speaker 4: Love that for me. 52 00:02:26,320 --> 00:02:27,720 Speaker 2: I don't know how you please that stuff. 53 00:02:28,200 --> 00:02:30,800 Speaker 4: I mean I was talking to Caroline Hyde about this earlier. 54 00:02:30,840 --> 00:02:33,400 Speaker 4: I was like, you know, you do your best you can. 55 00:02:33,840 --> 00:02:36,200 Speaker 4: You teach them, the school teaches them, and then you 56 00:02:36,400 --> 00:02:40,120 Speaker 4: just kind of hope for the best, or you restrict everything. 57 00:02:40,440 --> 00:02:42,440 Speaker 4: There's only those two options. 58 00:02:41,960 --> 00:02:44,359 Speaker 1: And they're scary though with peers. If they're the only 59 00:02:44,400 --> 00:02:45,919 Speaker 1: ones who can't have access to anything. 60 00:02:45,960 --> 00:02:47,840 Speaker 4: Yeah, I mean she's not on any social media websites 61 00:02:47,919 --> 00:02:49,520 Speaker 4: or anything. That's gonna be hard bands. 62 00:02:49,639 --> 00:02:52,919 Speaker 3: Ye had software, We had software to kind of monitor that, 63 00:02:52,960 --> 00:02:56,000 Speaker 3: but my my son figured out like fifteen. 64 00:02:55,720 --> 00:02:57,839 Speaker 4: Minutes, oh one hundred percent. 65 00:02:57,919 --> 00:02:58,119 Speaker 2: Yeah. 66 00:02:58,120 --> 00:03:02,519 Speaker 3: Now you work for Lockymart doing it, it's. 67 00:03:01,400 --> 00:03:05,799 Speaker 4: Doing it for a living, the. 68 00:03:05,840 --> 00:03:10,359 Speaker 2: Stockmovers podcast from Bloomberg Radio. Check back with us throughout 69 00:03:10,400 --> 00:03:13,320 Speaker 2: the day for the latest roundup of companies making news 70 00:03:13,360 --> 00:03:16,600 Speaker 2: on Wall Street and for the latest market moving headlines. 71 00:03:16,760 --> 00:03:20,680 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 72 00:03:20,720 --> 00:03:23,520 Speaker 2: dot com, and on Applecarplay and Android Auto with the 73 00:03:23,560 --> 00:03:24,919 Speaker 2: Bloomberg Business app.