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The Latest Breaking News from Dan Ives

Microsoft is readying to cut more positions from its global workforce as tech giants continue paring headcount to ride out rough economic conditions, according to media reports on Tuesday. The computer industry stalwart could announce layoffs in its engineering divisions as early as Wednesday, Bloomberg News reported. A Microsoft spokesperson…

Asharq Al-Awsat

How will China respond to ChatGPT?

Fortune

Tesla Price Cuts The "Right Medicine At The Right Time:" Analyst

Wedbush analyst Dan Ives argued that lowering prices was the correct strategic move for Tesla, while Guggenheim Securities said it sacrifices gross margins.

InsideEVs

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Tesla Sharply Lowers EV Prices In US: You Can Now Own A Model 3 For Little Under $36,500

Tesla Inc

Zenger

Tesla cuts prices by up to a fifth in US and Europe as EV price war starts

Price of cheapest Model 3 saloon car dropped by £5,500 to £42,990 to combat slowing demand as carmaker shares drop

The Guardian - UK

There’s a brewing ‘A.I. arms race’ and Microsoft’s ChatGPT play is ‘a potential game changer,’ Wedbush’s Dan Ives says

Microsoft's proposed investment in OpenAI is a "smart poker move" as A.I. advances, Wedbush's top tech analyst argues.

Fortune

CES startups face cautious investors amid economic woes

More than a thousand startups are showcasing their products at the annual CES tech show in Las Vegas, hoping to create some buzz around their gadgets and capture the eyes of investors who can help their businesses grow

The Independent UK

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'Target on its back:' How Tesla's woes could benefit competitors like GM, Ford

After Tesla Inc.'s shares closed their worst year ever, they continued to fall Thursday — a clear signal of investor concerns swirling around the leading electric-vehicle maker even as competitors like General Motors Co. and Ford Motor Co. look to steal some of its business in 2023.

Tribune News Service

Tesla’s ‘Cinderella ride’ is over, and demand is ‘starting to crack,’ Wedbush’s Dan Ives says. Here’s what could come next

“The Cinderella ride is over for Tesla, and Musk now needs to navigate the company through this Category 5 dark macro storm,” Tesla bull Dan Ives wrote in a Tuesday note.

Fortune

Musk says the U.S. is headed for a 'stormy' recession—but Tesla will shrug off 'stock market craziness' and become the 'most valuable company on Earth'

"It does seem like we're headed into a recession here in 2023," Musk said on the "All-In Podcast" last week.

Fortune

Rocky ride: Tesla stock on pace for worst year ever

Owning Tesla stock this year has been anything but a smooth ride for investors

The Independent UK

Tesla stock continues to crater as Elon Musk goes further down Twitter rabbit hole

“Musk is viewed as ‘asleep at the wheel’ from a leadership perspective for Tesla,” market analyst Dan Ives says

The Independent UK

Tesla’s biggest bear says the company has big demand problem and its stock could sink another 80%

“They’re just a car company that has built too much capacity that they can’t sell," GLJ Research head Gordon Johnson said of Tesla this week.

Fortune

Musk says to step down as Twitter CEO after successor found

Musk says he will step down from platform as soon as he finds someone “foolish enough to take the job”.

Al Jazeera

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Fortune

'Time to end this nightmare': Tech analyst Dan Ives says Elon Musk’s time as Twitter CEO is likely over—and it’s great news for his other spiraling company

Wedbush’s Dan Ives is celebrating the likely end of Elon Musk’s reign as Twitter CEO, arguing it was a “nightmare” for Tesla investors.

Fortune

'Tesla has no working CEO': As stock drops 61% from its peak, a major Tesla shareholder calls for Elon Musk's ouster

Tesla investors are starting to wonder if CEO Elon Musk is still the right man to lead the company after he acquired Twitter.

Fortune

Elon Musk is using Tesla as his personal ‘ATM machine’ after cashing out another $3.5 billion in stock. It's a 'train wreck situation,’ Wedbush’s Dan Ives says.

“Investor frustration is building as the Musk brand has quickly deteriorated over the past six months,” the influential tech analyst wrote. "The Twitter nightmare continues."

The Independent UK

Tesla stock slips as Musk sells another $3.58B of its shares

Shares of Tesla are sliding before the market open on Thursday after news broke that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week

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The Independent UK

Elon Musk sells $3.58B worth of Tesla stock, purpose unknown

Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent

Fortune

'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.

The Guardian - UK

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

Fortune

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

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.

WEKU

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.

Fortune

'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.

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People

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