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The Latest Breaking News from Dan Ives

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

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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

'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

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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."

Fortune

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

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

The Independent UK

'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

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.

Fortune

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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.

Asharq Al-Awsat

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…

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.

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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.

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.

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

WEKU

Labor Department proposal could change gig worker and company rules

The U.S. Department of Labor has published a new proposal on how workers should be classified saying that thousands of people have been incorrectly labeled as contractors rather than employees.

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