Speaker 1: Bloomberg Audio Studios podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Well, let's get a look at how some individual stocks
Speaker 3: are performing today. We're joined by bloombergs Isabelle Lee Bloomberg
Speaker 3: Cross Asset reporter as well.
Speaker 1: What he have we're looking at Tesla shares are still
Speaker 1: edging lower by almost one and a half percent. So
Speaker 1: we saw it's vehicle sales slumping thirteen percent in the
Speaker 1: first quarter, and that's really dragged down. But a changeover
Speaker 1: in its most important model, which is the model why
Speaker 1: and backlash against Elon Musk. We have Canter saying that
Speaker 1: Tesla sales in the first quarter were affected by weak
Speaker 1: demand in Europe end quote, Elon's polarizing politics, among other
Speaker 1: reasons end quote. So the figures really just speak to
Speaker 1: how the disruptions have really affected Tesla's business. You sometimes
Speaker 1: you really wonder can you separate the man from the
Speaker 1: business that we have RBC analyst saying that the myths
Speaker 1: was not a total surprise and it's largely understood by
Speaker 1: the market. But we have wet Bush saying that the
Speaker 1: street knew it was bad, but it didn't know it
Speaker 1: would be this bad. He said, it's worse than expected.
Speaker 1: He meaning Dan Ives, who we know is one of
Speaker 1: the biggest Tesla bulls.
Speaker 4: It's true. When Danaives comes in and starts to say
Speaker 4: things on the margin, you really got to listen. Are
Speaker 4: you also looking at Newsmax here? That's been a wild ride.
Speaker 1: Wild ride indeed, and now we're seeing some pressure forty
Speaker 1: five percent lower, but that's after more than two thousand
Speaker 1: percent Ridley since its debut on Monday, and it's really
Speaker 1: cemented itself as a memestock right now because we have
Speaker 1: a lot of bullish retail investors who are piling in
Speaker 1: on the stock. In Fidelity, they were mostly the buyers.
Speaker 1: It was the top five most popular in stock on Tuesday,
Speaker 1: and we have in memes and Reddit a lot of
Speaker 1: memes are saying that this is the new game stop.
Speaker 1: They touted their easy returns. I mean, if you invested
Speaker 1: at the start of the week and then you have
Speaker 1: a two thousand percent gain, that's really something. So really
Speaker 1: the sturch is reminiscent of the memestock craze and wrapping
Speaker 1: it up Roadblocks's I kind of agree. Yes, three blocks
Speaker 1: is up by nearly three percent. They announced new tools
Speaker 1: to help parents control how their children's interact with strangers
Speaker 1: in the platform. We know that a lot of these
Speaker 1: platforms have really come under fire because it's seen as
Speaker 1: a hazard for children, especially underage ones. And starting Wednesday,
Speaker 1: parents will be able to limit who their child can
Speaker 1: interact with, and the company said that parents will be
Speaker 1: able to view which games their children play and restrict
Speaker 1: them from playing inappropriate ones.
Speaker 4: Love that for me.
Speaker 2: I don't know how you please that stuff.
Speaker 4: I mean I was talking to Caroline Hyde about this earlier.
Speaker 4: I was like, you know, you do your best you can.
Speaker 4: You teach them, the school teaches them, and then you
Speaker 4: just kind of hope for the best, or you restrict everything.
Speaker 4: There's only those two options.
Speaker 1: And they're scary though with peers. If they're the only
Speaker 1: ones who can't have access to anything.
Speaker 4: Yeah, I mean she's not on any social media websites
Speaker 4: or anything. That's gonna be hard bands.
Speaker 3: Ye had software, We had software to kind of monitor that,
Speaker 3: but my my son figured out like fifteen.
Speaker 4: Minutes, oh one hundred percent.
Speaker 2: Yeah.
Speaker 3: Now you work for Lockymart doing it, it's.
Speaker 4: Doing it for a living, the.
Speaker 2: Stockmovers podcast from Bloomberg Radio. Check back with us throughout
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