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businessSep 4, 20264:06

Lululemon Lower; Tesla Rollout; Robinhood Spat

Stock Movers

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Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Lululemon (LULU) shares are diving as its China business is showing signs of strain, with revenue in mainland China falling 2% in the second quarter after adjusting for currency fluctuations.

- Tesla (TSLA) shares are lower on news it formally rolled out the Cybercab for robotaxi service, a long-anticipated step in Elon Musk’s effort to push the company away from its roots as an auto manufacturer. The US National Highway Traffic Safety Administration opened a probe into the process and technical data on which Tesla relied when it self-certified the vehicles as compliant with federal safety standards.

- Robinhood (HOOD) is down as AMC Entertainment boss Adam Aron criticized Robinhood Markets Inc. after the platform launched a tokenized version of the theater chain’s shares.

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Lululemon Lower; Tesla Rollout; Robinhood Spat

Stock Movers

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Stock MoversLululemon Lower; Tesla Rollout; Robinhood Spat. Machine-transcribed; use the interactive transcript above to jump the player to any line.

Here are 5 Reasons to Subscribe to Bloomberg News Now. 5. You Get the Latest News From Around the World Instantly 4. It saves you time. Your day's busy. Catching up takes just a few minutes. 3. It's available 24 hours a day whenever you need it. 2. It's Convenient. Listen on your smartphone or smart speaker. 1. It's Easy to Find. Subscribe on Apple Podcasts, Spotify or anywhere you listen. 5. Reasons. Stay on top of the news. Bloomberg News Now. 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. Let's take a look at some stacks on the move today. Caroline Hepburn. Good morning. Let's start with Lou Lillmann, shall we? Lou Lillmann Athletica Ticcher, Lou Lilloo is actually slumping in the pre-market this morning, Tom.

So we're down by 20%. They have caught their outlook again. There has been a kind of extended slowdown for Lou Lillmann. There have been a few, I say, missteps for the business. When it comes to its marketing, there's also an issue really with the popularity of its yoga pants. Of course, for it should be most well known in terms of its comparable sales. They fell by 9% in the second quarter. So it looks pretty tough for the CEO, Heidi O'Neill, who is trying to turn the business around. But that is my first stock to watch. A ticket L.U. pre-market down 20% getting a lot of interest for Lou Lillmann. There's some visibility to the open. I know those people were in Lou Lillmann at the open. So they're going to be in the open. You know, Coco's looking new balance. Others are looking Lou Lilloo. Next. So next, we've got Tesla. This is a T-S-L-A, of course. So this is Tesla's cyber cab. So to join the robotaxi fleet, they unveiled this two-seater vehicle.

The thing is they unveiled it without really that much pomp and fanfare, which is sort of unusual for Tesla in some ways. And they didn't live stream it. It didn't seem to be particularly well received by investors. There wasn't that much detail about this invite only closed-door event that they held in Austin to unveil this highly anticipated cyber cab launch. And so, yeah, this morning, the stock's pre-market also getting quite a lot of interest, but it's down three and a half percent T-S-L-A. No, they want to Tesla's in London. No, I saw very few of these. Well, not of the cyber truck. The cyber truck, when I was out in Texas and out in Arizona over the summer, which I'm going to happen to be, they were everywhere. Can't see out of the back window of the cyber truck, but anyway, that wouldn't be good for me. I'm a terrible driver. But the other Tesla's, they are everywhere in London, yeah.

It's just about where you plug them in, certainly in cities. The infrastructure for plugging in EVs is not really there. Really there. Well, it's just not built out, and that's difficult, but that's a challenge across Europe. And we've talked about trying to move to EVs. You got one more. One more. This is going to be Robin Hood, H-O-O-D, down this morning. Really interesting CEO and founder, Vlad Tenov. He was in London. He came into the Bloomberg Radio Studios to speak to me on radio and on TV, fascinating. They're trying to build out the app. It offers you all kinds of investing, but it's everything from, you know, pretty boring, straightforward, big investments to prediction markets, et cetera. They seem to be getting attention for this spat with AMC entertainment holdings. The CEO and Chairman, Adam Aron, has been criticising Robin Hood for tokenizing its stocks,

including AMC's, so Robin Hood's share price. At the moment, pre-market down 3.4%. This stock movers report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market moving headlines, listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app. Hi, I'm Barry Rittultz inviting you to join me for the Masters in Business podcast. Every week we bring you conversations with the people who shake markets, investing, and business. I speak with CEOs, Nobel laureates, market innovators, and legendary investors. Whether you own stock bonds, real estate commodities, even crypto, these are discussions you absolutely need to hear. Subscribe to the Masters in Business podcast on Apple Spotify or anywhere you listen.

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