Tesla Declines Again; Cryptos Pop; Capital One Up on Discover Deal

On this episode of Stock Movers:
- Tesla (TSLA) shares are lower this morning after Wedbush Securities analyst and a Tesla bull Dan Ives warns of a “code red” moment ahead of first-quarter earnings. Ives said Elon Musk should step back from his work at the DOGE and focus on Tesla as he believes Musk’s involvement with the government has led to brand damage.
- Coinbase (COIN) is rising along with other crypto stocks as several crypto firms plan to apply for bank charters, according to a WSJ report.
- Capital One (COF) shares are after receiving approval from US regulators to buy Discover Financial Services, creating the nation's biggest credit-card issuer by loan volume. The deal, valued at $35 billion, is expected to close on May 18 and will increase competition in payment networks, offer more products to customers, and deliver community benefits. Discover also was trading higher in premarket.
- Netflix (NFLX) shares have continued their climb higher after Thursday's earnings report that showed record profit to start the year, with first-quarter earnings rising 25% to $6.61 a share, beating analysts' estimates. Netflix projected strong results in the current quarter, forecasting sales will grow 15% to $11 billion and a 44% jump in earnings to $7.03 a share, both above Wall Street projections.

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