Zaid Admani

Tesla gained market share in Europe, with sales in France picking up, and the China-made EV sales rose for the second straight quarter.

Now, Tesla stock is down around 3% today, but I think the reality is that most Tesla investors have stopped caring about the quarterly delivery numbers, and they care more about the development of robo-taxis and humanoid robots.

Remember, Tesla launched its robo-taxi service in Austin back in June, and they also offer robo-taxi services in San Francisco.

The next big update from Tesla will come on April 22nd when the company reports earnings after the bell.

So yeah, pretty busy stretch for Elon here.

He's got the SpaceX IPO around the corner and then Tesla earnings coming up in the next few weeks.

Let's talk about some stocks making moves today.

Shares of Global Star are surging this morning after the Financial Times reported that Amazon is in talks to buy the satellite company.

This move could give Amazon a major boost in its efforts to build out a low-Earth orbit satellite network and compete more directly with SpaceX's Starlink.

Amazon has been building out its own satellite internet service called LEO.

They currently have around 200 satellites in orbit and plan to have about 700.

700 in orbit by the middle of this year, but that's still way behind Starlink, which has more than 10,000 satellites.

So buying GlobalStar could help Amazon catch up.

Now, there is a complication with this deal because Apple owns about 20% of GlobalStar.

Apple invested $1.5 billion in the company back in 2024, and GlobalStar agreed to reserve 85% of its network capacity for Apple's satellite texting feature that they have on their iPhone.

So for this deal to happen, Amazon and Apple would probably have to work something out, but investors are excited about a possible buyout.

Global Star stock is up 10% this morning at the time of this recording, and the stock has more than tripled over the past year.

Now, on the flip side, Blue Owl is getting hammered after the private credit company revealed that investor withdrawal requests hit 22% for its $36 billion flagship private credit fund, and the company's smaller tech-focused fund got hit with an

even harder withdrawal request of 41%.

Now here's the issue with private credit.