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There's only one person to blame for the company's shambolic state and only one person whose exit could save Tesla: Elon Musk. Investors want to see a concrete plan for a whole new fleet of Teslas made for a leaner, meaner EV market. The company needs a serious leader with practical ideas — no self-driving gimmicks, no blowtorches, no broken Cybertrucks, no shitposting, no video-game marathons, and no casual ketamine use. AdvertisementA true visionary CEO — which Musk has long claimed to be — would have pressed the advantage that Tesla developed in the EV market. He asserted that Tesla was not a car company but rather an AI robotics company.
Persons: Tesla, Elon, Musk, Gross, Teslas, Ross Gerber, Gerber Kawasaki, Tesla's, Gerber, Ron DeSantis, Navdeep Sodhi, innovating, , Elon fanboys, Lex Luthor Organizations: Tesla, EV, Reuters, Bloomberg, Auto, Twitter, bungled, Sodhi, Fremont Factory Locations: Shanghai, San Jose, China, Elon, Germany, Texas, Beijing, Red, Berlin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla profits and margins might go lower even as volumes go higher, says shareholder Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Ross Gerber, Brian Sullivan, Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview on Tesla earnings with Wedbush's Dan Ives and Gerber Kawasaki's Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Wedbush's Dan Ives, Gerber Kawasaki's Ross Gerber, Brian Sullivan, Organizations: CNBC
Tesla shareholder Ross Gerber talks Cybertruck delivery delays
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla shareholder Ross Gerber talks Cybertruck delivery delaysHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Ross Gerber, Brian Sullivan, Organizations: CNBC
Because UK Prime Minister Rishi Sunak was seen wearing a pair. “In a bid to present himself as young and hip… Sunak took an eternally cool sneaker, and ruined it for everyone,” added British GQ. It’s a far cry from the public reaction another political leader received after being spotted in a pair of sneakers. Mohd Rasfan/AFP/Getty ImagesSo why aren’t Sunak’s Sambas striking the same chord? Even the most ardent sneakerheads know there is a time and a place for a gum sole, and the British public have decided on-camera at 10 Downing Street is neither.
Persons: CNN — It’s, Harry Styles, Kaia Gerber, Bella Hadid, Paul Mescal, Rihanna, it’s, Rishi Sunak, , , relatable, Michael Hogan, … Sunak, It’s, Barack Obama, Stan Smiths, Kamala Harris, Chuck Taylors, Mohd Rasfan, Obama, Bill Clinton, George W, Bush, Ronald Reagan, Harris, Kevin McCarthy, Hakeem Jeffries, Donald Trump, Trump Organizations: CNN, Adidas Sambas, UK, Conservative, British, Guardian, GQ, Obama, Sneaker Con, Downing Locations: Kuala Lumpur, Malaysia, AFP, New York, Philadelphia, American
Insider Today: Nantucket's 'free' homes
  + stars: | 2024-04-06 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com   time to read: +5 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Bridgerton" is back, and if you're like the millions of viewers who tuned in last season, you'll want to hear this. The island is replete with dozens of "free" homes — but there's a catch. AdvertisementSee the full listMore of this week's top reads:The Insider Today team: Joi-Marie McKenzie, editor-in-chief, in New York.
Persons: , you'll, let's, Tyler Le, it's, Andrew Woodley, Barbie, wouldn't, Mai Tai, Tommy Hilfiger, Stephen Schwarzman, Natalia Agatte, Kendall Jenner, Kaia Gerber, Rebecca Zisser, Max, Mary, George, Julianne Moore, Nicholas Galitzine, Ripley, Andrew Scott, Patricia Highsmith's, Joi, Marie McKenzie, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan Organizations: Business, Service, Netflix, Universal, Getty, Blackstone, Young, Air Force, Starz Locations: US, Mexico, Canada, Cleveland, Dallas, Indianapolis, Texas, Maine, Nantucket, Massachusetts, Cape Cod, New York
Hot girls love book clubs
  + stars: | 2024-04-05 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +7 min
All the "It Girl" celebrities have their own book clubs, from model Kaia Gerber to Kendall Jenner. TikTok is flooded with "book recommendations for hot girls," and young women are flocking to apps like Bookclubs to start or join a reading group. But in an age when people are lonelier — and more chronically online — than ever, book clubs have taken on new meaning. Book clubs on the riseBook clubs are nothing new. "We call it book club, but we're not actually doing a traditional book club," Shao said.
Persons: , Gen, Korn, Kaia Gerber, Kendall Jenner, they'd, Anna Ford, Ford, Isa Tomlinson, Tomlinson, Amylynne Siroin, Reese Witherspoon, Oprah Winfrey, Gen Zers, It's, Micaela Primoff, Primoff, it's, Vivien Shao, we're, Shao Organizations: Service, Fan Locations: TikTok, Austin, Brooklyn , New York, New York
Tesla engineers are jumping ship to Elon Musk's AI startup, The Information reported. The report follows Musk's drive to gain more control over Tesla's AI strategy. Musk accused OpenAI of "aggressively recruiting Tesla engineers with massive compensation offers." He added he had been raising salaries for those on Tesla's AI engineering team in response. At the time, Dan Ives of Wedbush Securities said Musk's comments sparked a "firestorm."
Persons: , Elon Musk's xAI, Ethan Knight, Knight, Musk, gunning, Dan Ives, Ross Gerber Organizations: Elon, xAI, Service, Tesla, Business, Big Tech, Wedbush Securities Locations: xAI
Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla's Model 3 is about $4,000 more than that. Aging lineup, early days for Cybertruck While EV sales are still gaining popularity worldwide, the growth rate has slowed. In a push for end-of-quarter sales, Musk recently mandated that all sales and service staff install and demo FSD for customers before they hand over their cars. Despite its name, Tesla's premium option requires a human driver at the wheel, ready to steer or brake at any moment.
Persons: Florence Lo, Tesla, Troy Teslike, Tesla's, China's BYD, BYD, Lei Jun, Emmanuel Rosner, Rosner, Elon Musk, Krisztian Bocsi, Rohan Patel, Musk, Sandy Munro, Forbes, Larry Magid, Donald Trump, He's, he's, Investor Ross Gerber, who've, Brad Gerstner, Gerstner, FSD Organizations: Reuters, FactSet, Independent, Qin, Tesla's, China Passenger Car Association, Bloomberg, Deutsche Bank, Tesla, Volvo, Elon, Tesla Inc, Getty, IF Metall, IF Metall's, IF, Pew Research, Gallup, Investor, CNBC, Bears, S3 Partners, U.S Locations: Beijing, China, China In China, Shanghai, Europe, Red Sea, Iran, Gruenheide, Germany, Brandenburg, Berlin, Swedish, Sweden, U.S, Austin , Texas, San Jose , California, Fremont , California, Florida, Haiti, Texas, Delaware
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Close to three months later, the electric carmaker holds a much less enviable title — it's the S&P 500's biggest loser year-to-date. Tesla shares have plummeted about 30% year-to-date, wiping about $230 billion off the company's value. AdvertisementThe gap was even wider at the end of last week, but Tesla shares were up almost 6% on Monday. AdvertisementNelson also believes Tesla could become the world's biggest auto manufacturer — but others don't share his optimism.
Persons: , Tesla, Elon, BYD, That's, Seth Goldstein, Goldstein, Refinitiv, Garrett Nelson, Nelson, Wells, Ross Gerber, who's Organizations: Elon, Service, Boeing, Alaska Airlines, MAX, Elon Musk's, North, Fox Business Locations: Elon Musk's, North America, Europe
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewNischa Shah says she has read many books about money, from the classics that cover the fundamentals like "Rich Dad Poor Dad" to more mindset-focused texts like "The Psychology Of Money." The Richest Man in BabylonAdvertisementShah's top pick is George S Clason's "The Richest Man in Babylon." He becomes the richest man in the city by following simple money-making principles that still hold true today, from paying yourself first to controlling your spending and putting your money to work. Related storiesThis book boils down what it takes to build wealth "in a way that is not boring and mundane," said Shah.
Persons: , Shah, Dad, She's, George S Clason's, it's, Rich, Napoleon Hill's, Michael E, Gerber Organizations: Service, Business Locations: Babylon
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWould be a 'crucial mistake' to ever sell Nvidia stock: Ross GerberRoss Gerber of Gerber Kawasaki remains optimistic on Nvidia and calls the stock a "massive opportunity".
Persons: Ross Gerber Ross Gerber, Gerber Kawasaki Organizations: Nvidia
New York CNN —Why does actor Aaron Paul co-own a mezcal brand? Rob Kim/Getty Images for NYCWFFIt’s an “opportunity, to be honest,” Cranston told CNN. Celebrities are attractive to the spirits space because of their clout and connections, so the industry has “the door open. Four years later they sold the tequila brand to liquor giant Diageo for $1 billion, and the industry gold rush was on. The side of a Casamigos delivery truck promoting George Clooney and Rande Gerber's tequila brand in a 2015 photo.
Persons: Aaron Paul, Bryan Cranston, , Niro, Issa Rae, Dwayne “, ” Johnson, Matthew, Camila McConaughey, Eva Longoria, Casa Del, Kendall Jenner, Shirley Temple, Warren Beatty, Rob Kim, ” Cranston, George Clooney, Rande Gerber, George Rose, Ryan Reynolds, Conor McGregor, Jose Cuervo, Michael Yanover, Yanover, Jeff Spicer, ” Lisa Hawkins, , Drizly, Dwayne Johnson, Mike Segar, ” Andrew Chrisomalis, Tequila, Ed Mundy, ” Mundy, Sean “ Diddy ” Combs, Combs, Jennifer Lopez’s Delola, Lopez, she’s, Delola, Paul, Cranston, Dos, ” Applebee’s, ” Aaron Paul, CAA’s Yanover, , There’s, Kylie Jenner, Kendall, It’s, I’ve Organizations: New, New York CNN, Hombres, Hollywood, Dos Hombres, Food Network New York, Food Network New York City Wine, Food Festival, CNN, Diageo, Aviation, UFC, Creative Artists Agency, , Reuters, Jefferies, Diddy, New York, New York City Wine, Applebee’s Locations: New York, Casa Del Sol, Food Network New York City, Hollywood, New York City, Iowa, Applebee’s
Tesla's market value has tumbled $234 billion this year, or more than McDonald's or Disney are worth. Elon Musk's EV maker is close to losing more value than Netflix or Coke's entire market caps. AdvertisementTesla's market value has plunged by an astounding $234 billion this year — that's considerably more than McDonald's ($212 billion), Disney ($202 billion), and Cisco ($199 billion) are worth. That decline is close to the entire market caps of Netflix ($259 billion) and Coca-Cola ($257 billion), and larger than the entire market value of American Express ($158 billion) and Nike ($148 billion). It's also worth noting that Tesla is still worth more than 10 times the value of either General Motors ($46 billion) or Ford ($49 billion).
Persons: , It's, He's, LVMH's Bernard Arnault, Jeff Bezos, Tesla, Musk, hasn't, Ross Gerber Organizations: Elon Musk's, Netflix, Service, Disney, Cisco, American Express, Nike, FedEx, Bloomberg, Motors, Ford Locations: China
Her character was a chain-smoking alcoholic psychiatrist, but Bonham Carter hadn’t gone “method”; she had simply spritzed herself with a bespoke fragrance created specifically for her by fragrance designer Azzi Glasser. Now, a bespoke fragrance from Glasser can cost up to £15,000 ($19,000), though she also offers a lower-priced collection of fragrances to enable people to discover their own fragrance DNA. To play King Henry VIII in upcoming movie Firebrand, actor Jude Law told Azzi Glasser he wanted to smell exactly like the king would have, despite knowing it would be repulsive. “As actors know, fragrance can transform you and take you on a journey. It opens up passages and doors in the brain, working through the olfactory system to bring out emotions,” noted Glasser.
Persons: Helena Bonham Carter, Bonham Carter hadn’t, Azzi Glasser, Enid, Glasser, , Bonham Carter, Enid Blyton, Harry Potter ”, “ Alice, Miss Havisham, Azzi “ Helena couldn’t, Alicia Vikander, Noomi Rapace, Damian Lewis, Orlando Bloom, Stephen Fry, Kylie Minogue, Adam Lambert, Johnny Depp, ” Depp, Barnabas, “ Azzi, “ We’ll, I’ll, Jude Law’s, ulcerated Henry VIII, King Henry VIII, Jude Law, Jude, , Pope, , Henry, , Brad Pitt, Julia Roberts, Leonardo DiCaprio, Austin Butler, Kaia Gerber, Cindy Crawford, Rande Gerber, David Linley, Princess Margaret, Antony Armstrong, Jones — Glasser, Cindy Crawford's, Azzi “ David Organizations: CNN, Azzi Locations: London, , Wonderland, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors revaluing Tesla as a hardware company instead of a software company, says Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tesla, Ross Gerber, Brian Sullivan, Organizations: CNBC
AdvertisementNovember 2016: Holland and Zendaya appear in their first-ever joint cover, for The Hollywood ReporterZendaya and Tom Holland in June 2017. March 2021: Holland describes Zendaya as 'very sensible and humble'Zendaya and Tom Holland in June 2017. November 17, 2021: Holland and Zendaya comment on their relationship going publicZendaya and Tom Holland in "Spider-Man: No Way Home." February 18, 2022: Tom Holland denies reports that he bought a new house in London with ZendayaTom Holland in February 2022. I visited a lot while they were shooting it and I really, really enjoyed it.
Persons: , Tom Holland, Zendaya, they've, Sony Pictures Entertainment Holland, Peter Parker, Holland, didn't, I've, He's, Con Tom Holland, Albert L, Ortega, Laura Harrier, Liz, Tony Revolori, Flash Thompson, Jacob Batalon, Ned Leeds, ove, hank y, hank, ove y 'all!, hanks, eing, hy, H, ada, ike, huck, Tom Hol, le tag ove, g the, Hol, MJ', ake, hal l, taki, as h, Rob K, ate fame, abou, ..ha, lea, Kev, edd, Josh Flor, birt, rie, stor, Ric, aske, Tom H, ed then, hal, ong, winn, Q, iva, riva, ory, oba, Fran, and S, Jacob, him ", nic, Eric C, y, 2022:, enda y, Kelly, siti, ted, Hunter, Marc, Marin, inger, his ap, Rajan, Ze, kee, enjoy,, "I wa, stu, shou, olly, ing each o, I love, It's, Elvin R odrig, bert Downey Jr. an, Harry, l ove, bec, Room,", enda, fini Organizations: Service, Sony, Business, Sony Pictures Entertainment, Marvel, America, Hollywood, San Diego Comic, Con, San Diego Convention Center, ust, pla, imi, ucc, MTV, ppr, a pl, Norton, rac, eas, CP, ACP, Fr, rit, acc, klan, ely Locations: Holland, Zendaya, ife, uman, pla, Hol, " he, sens, nsw, pula, India, Italy
Read previewI can almost guarantee that you own a white tank top. First debuting in 2022, Prada's signature white top is a lot like every other tank on the market. All Prada tank tops are also made entirely of cotton, according to the brand's website. Prada's tank top: the ultimate status symbolYou can't get more casual than a white tank top, so the style might not scream luxury when you first look at it. But even with a Prada logo stamped on the front, isn't a white tank top still just that?
Persons: , Prada, that's, Miuccia Prada, Raf Simons, Victor Virgile, Kaia Gerber, Hunter Schafer, Tiziana Fabi, It's, There's, Prada Milano, Raimonda Kulikauskiene, Loewe, Miu Miu, what's, it's, Charli D'Amelio, Kendall Jenner, Ncuti, influencers, @dadouchic, it's Prada Organizations: Service, Target, Business, Prada, Vogue, Milan, prada, Harper's, MTV, Variety Locations: Italian, Milan
Cornish, a professor at Ohio State University who studies rubber alternatives, isn't the only one pouring energy into alternative crops like that desert shrub, guayule, or the rubber dandelions that bloom with yellow petals in the greenhouse where Cornish works. And in Nebraska and other parts of the central U.S., green grasses of sorghum spring up, waving with reddish clusters of grains. Instead, they're crops that many companies, philanthropic organizations and national and international entities tout as promising alternatives to fight climate change. Most rubber processing happens overseas, and the U.S. isn't prepared to process rubber domestically. That's why specialty markets will be critical if these crops have any hope of taking off here, Cornish said.
Persons: Katrina Cornish, guayule, isn't, Cornish, Nate Blum, Blum, James Gerber, Gerber, there's, It’s, , Tesla, Guayule, Bill Niaura, “ You’re, Curt Covington, Covington, Joshua A . Bickel, Ross D, Franklin, Melina Walling Organizations: Ohio State University, Bridgestone, U.S, Agriculture Organization, AgAmerica, Farmers, Associated Press Locations: United States, Arizona, Nebraska, U.S, India, Saharan Africa, South Asia, Americas, Colorado, Wooster , Ohio, Eloy , Arizona, AP.org
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's board needs to get rid of 3-4 members, says shareholder Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Ross Gerber, Brian Sullivan, Organizations: CNBC
Yumi, a startup backed by a long list of prominent Silicon Valley investors that makes high-end organic baby food, is raising a down round that values the company at around $40 million, Business Insider has learned. The funding represents a substantial discount from Yumi's Series B round in 2021, which valued the company at more than $300 million, according to Pitchbook data. It also means Yumi has burned through more than twice as much cash, nearly $90 million dollars, as it is currently worth. Startup fundraising tumbled to a five-year low in 2023 with funding for e-commerce and shopping startups down 60%, according to Crunchbase data. Convoy, the freight startup that was once called the "Uber for trucking" and raised more than $1 billion, shut down in November.
Persons: Yumi, Evelyn Rusli, Angela Sutherland, Gerber, Sutherland, Rusli, Anne Wojcicki, Gabrielle Union, Warby Parker, Goldman Sachs, Christina Minnis, Kelly Coffey, Masha Drokova, Lauren Dillard Organizations: Business, BI, Walmart, New York Times, Wall Street Journal, New Enterprise Associates, Uber, City National Bank, One Ventures, Nasdaq, Startup, Convoy, Olive Locations: millennials
Within that sphere we’re treated to a voice performance by Woods that is a small, hilarious, somewhat dismaying tour de force. Lauren doesn’t bother to keep a lid on his simmering contempt, he just recodes it as a stream of virtue-signaling cant. But on balance their subplots are just a distraction from the endless permutations of Lauren’s perpetual ego trip. (It’s less able to afford the dull stretches that start to crop up in later episodes.) But all things considered, “In the Know” is pretty funny.
Persons: Kaia Gerber, Ken Burns, Mike Tyson, Tegan, Sara —, Woods, Gabe Lewis, Lauren doesn’t, Jonathan Van Ness, Van Ness, Jennifer Lopez, , Norah Jones, James Earl Jones, Indiana Jones, Ravi Shankar, Lauren’s, Fabian, Caitlin Reilly, who’s, Sandy, Charlie Bushnell, Barb, Smith, Cameron, Carl, Carl Tart Organizations: Locations: Indian, Silicon
Tesla is set to report fourth-quarter earnings for 2023 after the bell Wednesday. Tesla shareholders submitted questions for executives to answer via the platform Say Technologies ahead of the earnings call. They're asking when Tesla plans to debut its "next-generation" vehicle, a more affordable EV referred to by fans as the Model 2. Gerber said on CNBC's "Last Call" with Brian Sullivan, that Musk was "blackmailing" Tesla shareholders, and that "the idea that he doesn't control Tesla is absurd." WATCH: Elon Musk is very much in charge of Tesla
Persons: Elon Musk, Tesla, Musk, Elon, Ross Gerber, who's, bristled, Gerber, Brian Sullivan Organizations: Tesla Inc, Fratelli, LSEG, Labor, General Motors, Ford, United Auto Workers, Tesla, Investors, Twitter Locations: Italy, Rome, U.S, Sweden, Scandinavia, Europe, Nevada, Tesla
In today's big story, we're looking at the ultimatum Elon Musk gave Tesla's board amid a critical time for the company. The big storyElon's ultimatumREUTERS/Steve NesiusUltimatums rarely work in relationships, but what about between CEOs and the massive companies they run? Elon Musk is about to find out. Musk, who has roughly a 13% stake in the EV maker, said if his request isn't met, he'll "prefer to build products outside of Tesla." Meanwhile, Ross Gerber, a longtime Tesla bull, said it's "absurd" to think Musk doesn't already have control over Tesla and described his request as "blackmailing the Tesla shareholders."
Persons: , Antony Blinken, Elon Musk, Steve Nesius Ultimatums, Elon, isn't, didn't, Wedbush's Dan Ives, Musk's, Ross Gerber, Tesla, Dow Jones, George Glover, That's, cowering, Caspar Benson, Jamie Dimon, dory, Trump, Ray Dalio, Biden, Evan Spiegel's, Hokyoung Kim, They've, Kristen Stewart, Christopher Nolan, Maite Alberdi, Celine Song, Eugene Lee Yang, Dave Bautista, Kevin Costner, Estelle, AA Milne, Jay Chou, Jennifer Ortakales Dawkins Organizations: Service, Boeing, Business, Tesla, EV, Apple, Microsoft, Nvidia, Getty, Intellia Therapeutics, Shoals Technologies, JPMorgan, Biden, Bridgewater Associates, Trump, Alliance, Helicopter, BI, Sundance, Northern Trust Locations: Switzerland, Tesla, Northern
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk is very much in charge of Tesla, him wanting more stock is 'weird': Ross GerberHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Elon, Tesla, Ross Gerber, Brian Sullivan, Organizations: CNBC
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