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Bloomberg Tech

Joby to Buy Blade's Helicopter Ride-Share Business

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 4 August 2025

⏱️ ? minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde and Ed Ludlow discuss Tesla’s approval of a $30 billion interim stock award for Elon Musk. Plus, Joby CEO JoeBen Bevirt discusses the eVOTL company’s plan to buy the helicopter ride-share business of Blade Air Mobility for $125 million. And Palantir and AMD face mounting pressure as the companies prepare to release their earnings.

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Transcript

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0:00.0

Hi, I'm Lisa Mateo, introducing you to the new Stockmovers report from Bloomberg.

0:08.6

These are short audio reports, five minutes or less, delivered right to your podcast feed throughout the day.

0:15.2

Stockmovers fills you in on the day's winners and losers on Wall Street and tells you about the news and data that's

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0:53.0

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1:00.0

Bloomberg Audio Studios, Podcasts Radio News.

1:11.7

Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovello in San Francisco.

1:22.4

This is Bloomberg Tech.

1:24.2

Coming up, Tesla approves a $30 billion stock award for Elon Musk, with the board saying,

1:29.3

quote, a deal is a deal.

1:31.7

Blasjobie Aviation will purchase Blade Helicopter Ride Share business as it expands its battery-powered

1:37.6

air taxis into ready-made markets. Shares fly.

1:41.4

And all lies on Palantir, reporting earnings are after market close today. The stock surge more than 500% for the past year. Meanwhile, let's check on the broader market, Ed. Not quite 500% flying high on the NASDAQ 100, but we are having a good day. We're up almost 1.5%. Almost erasing last week's more than 2% sell-off over the course of the week. Last week it was all about eco-data. This week is much more about the earnings situation, which have been beating. Tech is leading us higher on the day, but you're getting into the specifics. Yeah, let's take a look at Tesla. Actually, the stock had been surging high on the news of a fresh stock award package for Elon Musk. You can see we've actually given up most of that game. Here's the specifics, 96 million shares. It's an interim award. Musk has to stay

2:23.9

CEO for two years, then hold the stock for five. That's the mechanics. The exercise price,

2:29.6

$23.34. The same exercise price is that 2018 package of the Delaware court voided. Those are some of the

2:37.7

details, but actually there's a lot more bigger pictures of this car. There is. Let's get it all with Max

2:42.0

Chaffkin who give us the context because the context is that 2018 pay package. The fact that they need

2:47.7

Elon Musk to remain focused on the business and money's going to talk.

...

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