WEBVTT - Tesla Sales Fall, Newsmax Drops, Roblox Rises 

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

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<v Speaker 2>Stock Movers podcast, 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 get a look at how some individual stocks

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<v Speaker 3>are performing today. We're joined by bloombergs Isabelle Lee Bloomberg

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<v Speaker 3>Cross Asset reporter as well.

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<v Speaker 1>What he have we're looking at Tesla shares are still

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<v Speaker 1>edging lower by almost one and a half percent. So

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<v Speaker 1>we saw it's vehicle sales slumping thirteen percent in the

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<v Speaker 1>first quarter, and that's really dragged down. But a changeover

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<v Speaker 1>in its most important model, which is the model why

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<v Speaker 1>and backlash against Elon Musk. We have Canter saying that

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<v Speaker 1>Tesla sales in the first quarter were affected by weak

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<v Speaker 1>demand in Europe end quote, Elon's polarizing politics, among other

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<v Speaker 1>reasons end quote. So the figures really just speak to

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<v Speaker 1>how the disruptions have really affected Tesla's business. You sometimes

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<v Speaker 1>you really wonder can you separate the man from the

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<v Speaker 1>business that we have RBC analyst saying that the myths

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<v Speaker 1>was not a total surprise and it's largely understood by

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<v Speaker 1>the market. But we have wet Bush saying that the

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<v Speaker 1>street knew it was bad, but it didn't know it

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<v Speaker 1>would be this bad. He said, it's worse than expected.

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<v Speaker 1>He meaning Dan Ives, who we know is one of

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<v Speaker 1>the biggest Tesla bulls.

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<v Speaker 4>It's true. When Danaives comes in and starts to say

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<v Speaker 4>things on the margin, you really got to listen. Are

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<v Speaker 4>you also looking at Newsmax here? That's been a wild ride.

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<v Speaker 1>Wild ride indeed, and now we're seeing some pressure forty

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<v Speaker 1>five percent lower, but that's after more than two thousand

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<v Speaker 1>percent Ridley since its debut on Monday, and it's really

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<v Speaker 1>cemented itself as a memestock right now because we have

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<v Speaker 1>a lot of bullish retail investors who are piling in

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<v Speaker 1>on the stock. In Fidelity, they were mostly the buyers.

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<v Speaker 1>It was the top five most popular in stock on Tuesday,

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<v Speaker 1>and we have in memes and Reddit a lot of

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<v Speaker 1>memes are saying that this is the new game stop.

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<v Speaker 1>They touted their easy returns. I mean, if you invested

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<v Speaker 1>at the start of the week and then you have

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<v Speaker 1>a two thousand percent gain, that's really something. So really

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<v Speaker 1>the sturch is reminiscent of the memestock craze and wrapping

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<v Speaker 1>it up Roadblocks's I kind of agree. Yes, three blocks

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<v Speaker 1>is up by nearly three percent. They announced new tools

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<v Speaker 1>to help parents control how their children's interact with strangers

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<v Speaker 1>in the platform. We know that a lot of these

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<v Speaker 1>platforms have really come under fire because it's seen as

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<v Speaker 1>a hazard for children, especially underage ones. And starting Wednesday,

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<v Speaker 1>parents will be able to limit who their child can

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<v Speaker 1>interact with, and the company said that parents will be

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<v Speaker 1>able to view which games their children play and restrict

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<v Speaker 1>them from playing inappropriate ones.

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<v Speaker 4>Love that for me.

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<v Speaker 2>I don't know how you please that stuff.

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<v Speaker 4>I mean I was talking to Caroline Hyde about this earlier.

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<v Speaker 4>I was like, you know, you do your best you can.

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<v Speaker 4>You teach them, the school teaches them, and then you

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<v Speaker 4>just kind of hope for the best, or you restrict everything.

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<v Speaker 4>There's only those two options.

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<v Speaker 1>And they're scary though with peers. If they're the only

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<v Speaker 1>ones who can't have access to anything.

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<v Speaker 4>Yeah, I mean she's not on any social media websites

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<v Speaker 4>or anything. That's gonna be hard bands.

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<v Speaker 3>Ye had software, We had software to kind of monitor that,

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<v Speaker 3>but my my son figured out like fifteen.

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<v Speaker 4>Minutes, oh one hundred percent.

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<v Speaker 2>Yeah.

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<v Speaker 3>Now you work for Lockymart doing it, it's.

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<v Speaker 4>Doing it for a living, the.

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<v Speaker 2>Stockmovers podcast from Bloomberg Radio. Check back with us throughout

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