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The Latest Breaking News from Dan Ives

'The clock has struck midnight in China': Wedbush analyst Dan Ives says Apple needs a new plan after major iPhone supply chain disruptions

By 2025, 50% of iPhone production could be in these two countries instead, according to Wedbush tech analyst Dan Ives.

Fortune

Zero-Covid policy is costing China its role as the world’s workshop

Beijing’s endless lockdowns are causing shortages for western firms such as Apple, and it may not be long before they move their supply chains elsewhere

The Guardian - UK

Tesla hoping electric 'Semi' will shake up heavy duty market

New York (AFP) - After years of delays, US automaker Tesla is expected on Thursday to deliver its first battery-powered semi truck, with which it hopes to get a jump start on the nascent electric heavy duty vehicle market by offering longer ranges without recharging.

AFP

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As Elon Musk Goes Ballistic On Twitter, Tesla Brand Gets Burned

Tesla stock has dropped about 30% since Elon Musk completed his acquisition of Twitter as advertisers have exited the platform.

Investors Business Daily

Tesla Sentiment, Fundamentals Affected By Musk's Twitter Purchase - Morgan Stanley Survey

“Our investor survey reinforces our views that Elon Musk's recent involvement with Twitter has contributed to negative sentiment momentum in Tesla shares," said Morgan Stanley analyst Adam Jonas.

The Street

Twitter owner Musk signals new 'war' against Apple

San Francisco (AFP) - Twitter owner Elon Musk on Monday opened fire against Apple over its tight control of what is allowed on the App Store, saying the iPhone maker has threatened to oust his recently acquired social media platform.

AFP

China’s COVID chaos may cost Apple billions—and there’s not much Tim Cook can do about it

For Apple, setbacks in iPhone production due to government-mandated lockdowns are the price of doing business in China.

Fortune

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How bad are the 'iPhone city' riots for Apple stock? Analysts see a 'body blow' for the most valuable company on earth

Hundreds of workers clashed with authorities at Foxconn's iPhone plant in Zhengzhou, China on Wednesday. Analysts warn it could affect already ailing iPhone production.

Fortune

Tesla Stock Rebounds As Bulls, Bears Say $500 Billion Slump Overdone

Tesla shares have shed more than $700 billion in market value since peaking in early November of last year, but analysts now suggest the carmaker is poised for a comeback.

The Street

Elon Musk's backers cheer him on, even if they aren't sure what he's doing to Twitter

"I don't bet against this guy," said one investor in Elon Musk's Tesla and Twitter. Others worry that the chaos at Twitter will continue dragging down Tesla values.

WEKU

Tesla Stock Move Lower As Elon Musk Considers CEO Succession Plan

Tesla has identified, but not named, the person they expect will lead the carmaker should billionaire Elon Musk step down from his role as CEO.

The Street

'The amount I torture myself is next level’: Elon Musk warns leaders not to be like him

"Be careful what you wish for," said Musk speaking to the B20 business conference in Bali.

Fortune

Musk Warns of Twitter Bankruptcy as More Senior Executives Quit

Twitter Inc's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that included a warning from a US privacy regulator and the exit of the company's trust and safety leader. The billionaire on his first mass call with employees…

Asharq Al-Awsat

Tesla Stock Gets CPI Bump, Wedbush Removes From 'Best Ideas' List Amid Musk's Twitter Distraction

"Musk has essentially tarnished the Tesla story/stock and is starting to potentially impact the Tesla brand with this ongoing Twitter train wreck disaster," said Wedbush analyst Dan Ives.

The Street

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Fortune

Elon Musk enrages Tesla investors, selling $4 billion in stock when they least expected it

Wedbush Securities tech analyst Dan Ives complained on Wednesday that Musk threw Tesla investors a curveball after claiming he was done selling stock.

Investors Business Daily

Rivian Stock Rebounds As EV Startup Sticks To 2022 Production Target

The Rivian earnings report was mixed, but output is ramping up and the EV startup stuck to its full-year production target. Rivian stock rose.

Fortune

Apple will lose 6 million iPhones after China factory shuts down

China’s COVID-zero policy creates headaches for Apple, as a factory closure threatens supply of its flagship product.

Los Angeles Times

Twitter spent years building its staff. Under Musk, half may lose their jobs within days

Hiring is challenging for every industry, but especially tech.

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Asharq Al-Awsat

Elon Musk Takes over Twitter but Where Will He Go from Here?

Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. The $44 billion takeover means Twitter is becoming a private company that everyday investors will no longer…

Tribune News Service

GM beats expectations, nets $3.3 billion profit in third quarter

General Motors Co. on Tuesday said it made $3.3 billion in net income in the third quarter, up from 2021's third quarter profits of $2.4 billion despite a tight supply inventory still hindering sales and lessening demand amid economic uncertainty.

Investors Business Daily

What's The Future Of Twitter Once Musk Finally Gets Ownership?

Twitter stock was down as reports surfaced Elon Musk might finish his buyout of the social media company next Friday.

AFP

Twitter shares fall as Musk takeover faces fresh questions

New York (AFP) - Twitter shares fell about five percent early Friday as the proposed takeover by Elon Musk faced new questions and weak Snap results weighed on social media shares.

Investors Business Daily

Is Doom And Gloom In Store For Tech Stocks This Earnings Season?

The earnings calendar for tech stocks kicks into high gear in coming days as one analyst draws comparisons with two difficult years.

Wales Online

Elon Musk would cut 75% of Twitter workforce, according to report

Washington Post says the move would leave the company with a skeleton crew

The Independent UK

Report: Elon Musk plans to cut 75% of Twitter workforce

Elon Musk plans to lay off most of Twitter's workforce if and when he becomes owner of the social media company

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