Stock Movers Blue Owl Slumps, Tesla Falls, Chevron Rises as Energy Stocks Rebound on Trump's Iran Comments
Apr 2, 2026
A rundown of a private credit firm limiting redemptions after a wave of withdrawals. A deep dive into weak auto deliveries and the struggles of an electric-vehicle maker. Energy stocks rally and oil jumps on renewed geopolitical concerns tied to Iran.
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Blue Owl Restricts Redemptions After Big Outflows
- Blue Owl limited redemptions after heavy withdrawal requests from two private credit funds.
- Blue Owl Credit Income saw 22% pulled in three months to March 31 and Blue Owl Technology saw 41% requested, prompting a 5% redemption cap.
Tesla Delivery Misses Continue Amid YoY Growth
- Tesla missed delivery expectations, reporting about 358,000 vehicles in Q1 versus roughly 370,000 expected.
- This marked a second consecutive quarter of misses despite deliveries rising 6.3% year-over-year and shares up 30% over 12 months.
Energy Stocks Rally on Iran Comments and Higher Oil
- Chevron and other energy stocks rose as oil prices climbed after President Trump warned the U.S. would hit Iran hard in coming weeks.
- Bloomberg Intelligence models now consider $100 crude possible through year-end amid geopolitical risk.