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The latest sale brings the total amount of Tesla stock sold by Musk since last November to about $36 billion - despite his having said earlier that he would sell no more of his shares. Tesla shares have fallen more than 50% since touching a record high on Nov. 4 of last year. With the latest sale of his Tesla stock, Musk "yet again loses more credibility with investors and his loyalists in a boy who cried wolf moment," Wedbush Securities analyst Dan Ives said. Analysts had expected Musk to sell more Tesla shares to finance the $44 billion Twitter deal, but it was not clear whether the sales were related to the Twitter acquisition. It is not clear whether all of the equity investors lived up to their equity commitment.
Meta clearly overbuilt its workforce, says Loup's Gene Munster
  + stars: | 2022-11-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta clearly overbuilt its workforce, says Loup's Gene MunsterGene Munster, founder and managing partner at Loup Ventures, joins CNBC's 'Squawk Box' to discuss shares of Meta as the company reportedly prepares large-scale layoffs.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Loup's Gene Munster break down shares of Meta, Apple and TeslaGene Munster, founder and managing partner at Loup Ventures, joins CNBC's 'Squawk Box' to discuss shares of Meta as the company reportedly prepares large-scale layoffs. Munster also weighs in on shares of Apple, which warned that China's stringent Covid restrictions are hurting its iPhone production.
It plans to use the funds to launch Kyra Platform, a service to connect brands and influencers. If they accept, they are required to post a video on TikTok and link to that video on Kyra. There is no exclusivity required of the creator — they can work on different platforms or with their own manager in addition to being on Kyra Platform. It began shifting its focus to the short-form video platform in 2019, after two years of operating primarily as a content studio on YouTube. Read 20 pages of the pitch deck Kyra used to raise a $15 million Series A round:
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis feels like an overreaction to Amazon earnings, says Loup's Gene MunsterLoup Ventures' Gene Munster reacts to Amazon and Apple earnings. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Karen Finerman, Dan Nathan and Guy Adami.
Loup's Gene Munster breaks down Alphabet earnings
  + stars: | 2022-10-25 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLoup's Gene Munster breaks down Alphabet earningsLoup Ventures' Gene Munster breaks down earnings from Alphabet. With CNBC's Melissa Lee and the Fast Money traders, Bonawyn Eison, Dan Nathan, Guy Adami and Julie Biel.
Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. Playing defense When looking outside of big tech, investors may also want to consider looking out for more defense-focused names. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base. Schatz of Heritage Capital looks for what he calls "high-flier" or "second-tier" technology stocks severely battered this year but pushing higher. His picks include IBM, which trades at just 14 times forward earnings and offers a sticky revenue base.
REUTERS/Shannon Stapleton/File PhotoThe Silicon Valley automaker sells a $15,000 software add-on called “Full Self-Driving” (FSD) which enables its vehicles to change lanes and park autonomously. That complements its standard “Autopilot” feature which enables cars to steer, accelerate and brake within their lanes without driver intervention. A completely autonomous vehicle would require regulatory approval. “It’s a separate matter as to will it have regulatory approval. It won’t have regulatory approval at that time,” he added.
REUTERS/Shannon Stapleton/File PhotoThe Silicon Valley automaker sells a $15,000 software add-on called “Full Self-Driving” (FSD) which enables its vehicles to change lanes and park autonomously. A highly autonomous vehicle would require regulatory approval in California, for example. “It’s a separate matter as to will it have regulatory approval. It won’t have regulatory approval at that time,” he added. The California Department of Motor Vehicles (DMV) on Thursday said it “has an ongoing review of the intended design and technological capabilities of Tesla vehicles,” without elaborating further.
Gene Munster breaks down Tesla earnings
  + stars: | 2022-10-19 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGene Munster breaks down Tesla earningsLoup Ventures' Gene Munster on Tesla earnings ahead of the call. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Bonawyn Eison and Carter Worth.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta's Horizon World active user expectations are a clear disappointment, says Loup's MunsterGene Munster, founder and managing partner at Loup Ventures joins 'Squawk Box' to discuss if Munster is one of the 200,000 users of Meta's Horizon Worlds, when Meta can meet its metaverse expectations, and more.
PREVIEWDelaware is now extending U.S. sanctions meant to punish Russia for its invasion of Ukraine to business ventures incorporated in the state. Blocked startups also can’t raise outside financing because they can’t amend their articles of incorporation in Delaware to issue new capital stock, according to several startup founders and their lawyers. Some startups have persuaded Delaware to restore their good standing after demonstrating that corporate officers no longer live in Russia. Blocked startups face other financial repercussions. It can’t proceed with expansion plans so long as it is blocked in Delaware, Mr. Zykov said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2023 is going to be a great year for tech stocks, says Loup's Gene MunsterGene Munster, founder and managing partner at Loup Ventures, joins CNBC's 'Squawk Box' to explain why he's forecasting a rally among tech stocks and break down where investors can find market opportunities.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Loup's Gene Munster break down buying opportunities in tech sectorGene Munster, founder and managing partner at Loup Ventures, joins CNBC's 'Squawk Box' to explain why he's forecasting a rally among tech stocks and break down where investors can find market opportunities. Munster also breaks down shares of Apple, Meta, and more. "I think 2023 is going to be a great year for tech," Munster tells CNBC.
Tech stocks have been pummeled this year but Apple is acting like a safe haven amid the turbulence, according to tech investor Gene Munster. "They are fundamentally in a good place with their products," Munster, founder and managing partner at Loup Ventures, said on CNBC's " Squawk Box ." The iPhone Pro Max is the most popular model in the new lineup, he said in a Medium post. While tech stocks have taken a big hit in 2022, Munster is predicting that 2023 will be a great year for tech. We are going to get back to higher growth rates," he said.
Time to trim? Meta and Google reducing costs
  + stars: | 2022-09-21 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTime to trim? Meta and Google reducing costsLoup Ventures' Gene Munster on Big Tech efforts to cut costs. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Karen Finerman and Dan Nathan.
Humanoid robots have been in development for decades by Honda Motor Co and Hyundai Motor‘s Boston Dynamics unit. And it’s the same way with humanoid robots to some extent,” the lead of NASA’s Dexterous Robotics Team, Shaun Azimi, told Reuters. Musk acknowledged that humanoid robots do not have enough intelligence to navigate the real world without being explicitly instructed. But he said Tesla can leverage its expertise in AI and key components to develop and produce smart, yet less expensive, humanoid robots at scale. Jonathan Hurst, chief technology officer at Agility Robotics, a humanoid robot firm founded in 2015 said the technology “is right now starting to turn the corner.”“Certainly, an important measure of success is do they make money from it,” he told Reuters, referring to Tesla’s humanoid robot efforts.
A humanoid robot developed by Tesla, known as Tesla Bot or Optimus, is shown in a frame grab from the live video of Tesla's AI Day streamed on August 20, 2022. Humanoid robots have been in development for decades by Honda Motor Co (7267.T) and Hyundai Motor Co (005380.KS)'s Boston Dynamics unit. And it's the same way with humanoid robots to some extent," the lead of NASA's Dexterous Robotics Team, Shaun Azimi, told Reuters. Musk acknowledged that humanoid robots do not have enough intelligence to navigate the real world without being explicitly instructed. "Certainly, an important measure of success is do they make money from it," he told Reuters, referring to Tesla's humanoid robot efforts.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Tech investor Gene Munster on stock picks for the beaten-up sectorLoup Ventures' Gene Munster thinks tech stocks are nearing a bottom. He shares his 2023 outlook on the sector.
Learn moreAmazon's popular Echo speaker has finally gotten a makeover. Apple, meanwhile, announced a smaller and less expensive version of its HomePod smart speaker for $100 called the HomePod Mini. Here's a closer look at what it's been like to use the new Echo and why it's now our pick for the best Amazon Echo you can buy. Gone is the cylindrical shape that's been a hallmark of the smart speaker series so far. AdvertisementThe bottom lineAmazonWith improved sound, a sleek new design, and a built-in hub for setting up smart home devices, the new Echo feels like a significant upgrade for Amazon's smart speaker.
Persons: it's, Lisa Eadicicco, Alexa, Apple's Siri, Siri, that's, you'll Organizations: Business, Amazon, Echo, Google, Apple, Alexa, Amazon Echo Business, Philips, Alexa Guard, Loup Ventures
Elon Musk reveals prototypes of the Tesla Solar Roof on October 28, 2016 TeslaEven with a record fourth quarter for its solar energy and storage systems business, Tesla's energy revenue declined by over $24 million in 2019, after several rounds of layoffs that started the prior year. Tesla said, in its annual financial report on Thursday, that it's ramping up solar photovoltaic production at its plant in Buffalo, New York. "We have recently started manufacturing solar panels at this facility in collaboration with Panasonic," the filing states. Since the acquisition, solar energy has been a relatively small and dwindling business for Tesla, in part because of delays in manufacturing and a longer development cycle than expected. Musk said last March that 2019 would be the "year of the solar roof."
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