Bloomberg Audio Studios, podcasts, radio News. The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data. I'm Paul Sweeney, sitting in with Scarlett fou and we're joined by Bloomberg.
No, Malina, what Norma? Linda? Thank you?
What do you got for us?
Nor? Well, we can't share as a super micro computer. That's Tacker SMCI. We're really seeing what was once a fan favorite here reporting an unexpectfully issuing a first quarter guidance that fell short of the street's estimates. Here. Of course, you know the stock is still up about sixty one percent year to date, but this is among the worst performing stocks in the S and P five hundred right now, down as much as seven point six percent here, as
people really just horse this unexpected delivery here. And also we do know that the company's really been working to recover from some of its accounting concerns since it missed in August twenty twenty four deadline to file its annual find outial report here all right, and the first mag seven name to report was Tesla, and the stock is down, Yeah, lots going on today, I mean profit plunge. This was
all despite a record quarter of vehicle sales here. This is really just underscoring the ongoing streams that we've really seen on the automotive business that of course we know is owned by Elon Musk here, and we do know that he also came on the call toward the end saying that he wanted investors essentially back his trillion dollar compensation package. So he was really pleading there with investors
those on his earnings call here. But we are seeing shares of Tesla take her TSLA down about two and a half percent, but earlier down as much as five point seven percent for its worst day since July. And we know that this comes after yesterday when the news came out that it was recalling almost thirteen thousand of its evs over risk of battery power loss. And people really just continuing to parse all these different intricacies here
going on with Tesla. I can't think of a company that's more closely aligned with its founder all the way, all the way, I mean, I'm thinking back to all the years I've done this, I mean, but Elon Musk and Tesla, and there's never any talk about a successor either No.
No, that's how it exists. No, I just don't understand. But no, it works. If you're a believer there, that's for sure, he's made money for your shareholders.
How about Amazon one that I find super interesting today up as much about one point three percent. But this is after Amazon said it is rolling out a new AI powered tool that will recommend a specific product when shoppers are feeling overwhelmed. So this is made essentially for the indecisive. Apparently, if you're spending way too much time clicking through different products, it's supposed to hop in there and start recommending some to narrow it down for you.
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