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Some of the biggest losing stocks in 2024 could be in for even steeper declines as investors jettison them to save on taxes, according to Morgan Stanley. Such moves, known as tax loss harvesting, helps investors trim their tax bills the next year. Boeing pressure Beleaguered aerospace company Boeing was also called out by Morgan Stanley as likely to see pressure tied to tax loss selling. Morgan Stanley also called out oil service giant Halliburton . Other names on Morgan Stanley's list include Chord Energy , Simply Good Foods and timeshare operator Hilton Grand Vacations .
Persons: Morgan Stanley, Michelle Weaver, Morgan, Jackson Ader, Ronald Epstein, who's, Epstein, Keith Mackey Organizations: Nasdaq, Wall, Computer, Adobe, Boeing, Alaska Airlines, Bank of America, Aerospace, Defense, Halliburton, RBC Capital, HAL, Energy, Hilton Locations: Alaska, Seattle
Vice President Kamala Harris criticized former President Donald Trump on Monday over false claims he has made talking about disaster relief for victims of Hurricane Helene. Harris told reporters that there's a lot of "disinformation being pushed out there by the former president about what is available, in particular to the survivors of Helene," from the Federal Emergency Management Agency. A Trump campaign spokesperson didn’t immediately respond to a request for comment Monday night. Trump last week amplified a false claim about FEMA's disaster funds, saying they were being distributed to migrants who entered the U.S. illegally. “It’s really a shame that we’re putting politics ahead of helping people, and that’s what we’re here to do,” Criswell said.
Persons: Kamala Harris, Donald Trump, Hurricane Helene, Harris, Helene, it’s, Trump, didn’t, , ” Trump, Criswell, ” Criswell Organizations: Federal Emergency Management Agency, FEMA, Trump, U.S, NBC News, Customs, Protection, Department of Homeland Security, ABC News, Hurricane Locations: Hurricane, Saginaw , Michigan, Butler , Pennsylvania, Florida
Elon Musk’s pro-Trump America PAC is offering people $47 if they successfully get one registered swing-state voter to sign a petition supporting the First and Second Amendments of the Constitution. Both Musk and America PAC have vocally encouraged swing-state voter registration ahead of the mandatory deadlines. Over the weekend, X repurposed the account handle “@america,” which used to belong to a different account, for Musk’s America PAC. The account has since promoted the pro-Constitution petition, swing-state voter registration and the $47 offer. Musk’s America PAC was formed in May and has previously stoked controversy with its unusual tactics to encourage swing-state voter registration.
Persons: Elon Musk’s, ” Musk, Donald Trump, “ I’ve, , Richard Hasen, , ” Hasen, Trump, hadn’t Organizations: Trump America PAC, Republican, America PAC, Musk’s America PAC, UCLA School of Law, NBC, Trump, Facebook, Michigan, NBC News Locations: America, Trump’s, Michigan, North Carolina
Al Pacino revealed on a podcast this weekend that he almost died during a bout with Covid-19 — a near-death experience that left the star actor pondering his mortality. Pacino said he had a fever, was dehydrated, had a faint pulse and lost consciousness. “I didn’t have a pulse.” He continued: “In a matter of minutes, I guess, or whatever it took, they were there. He’s here.”Although he almost died, Pacino said he didn’t remember anything profound experience when he lost consciousness. “There’s nothing there.”“You’re gone,” Pacino said of his brush with death.
Persons: Al Pacino, Pacino, Sonny Boy ”, , he’d, ” Pacino, audibly, , , “ You’re, Michael Corleone, ” Tony Montana Organizations: The New York Times Locations: Covid,
And we got a lot of bad genes in our country right now. Two law enforcement officials also told NBC News that many of them crossed the border before Biden was president (including during Trump's tenure). In 2020 he praised a nearly all-white crowd at a rally in Minnesota for having “good genes,” pointing to a belief that has been touted by white supremacists called “racehorse theory.”“You have good genes. You have good genes. You have good genes in Minnesota,” Trump said at the 2020 rally.
Persons: Hugh Hewitt, Donald Trump, Kamala Harris, , they’re, ” Trump, Karoline Leavitt, , Trump, Biden, Harris, deputized, Adolf Hitler, supremacists Organizations: Enforcement, NBC News, ICE, Central America Locations: United States, Central, Mexico, Minnesota
He struggles with the sense that there is “no structure” to his days: “In most professions you can identify progress. Maybe he would come back and settle down with his girlfriend, the young woman he called “the one.”But when Chen learned that Itay was believed to be dead, his frame of mind shifted. It was the night he and his wife learned that their daughter, Liat Beinin Atzili, was free after more than 50 days in captivity. The day after Liat returned home to Israel, the Beinins learned that her husband — Yehuda’s son-in-law — was dead. “We both rejoiced and grieved, practically the same day,” Beinin said.
Persons: , Katherine Shear, ” Shear, Chen, Itay, Ruby Chen, , ” Greg Kahn, NBC News Yehuda Beinin, Liat Beinin, Joe Biden, Liat, — Yehuda’s, , Aviv Atzili, Nir Oz, Aviv, ” Beinin Organizations: Center, Columbia University, , NBC News Locations: Israel, Aviv
PALM DESERT, Calif. — LeBron James and his son, Bronny, made NBA history Sunday night when they played together for the first time during the Los Angeles Lakers’ preseason game against Phoenix. LeBron and Bronny are the first father and son to play in any NBA game at the same time, let alone on the same team. Bronny James entered the game as a substitute to begin the second quarter, joining his father on the court out of the timeout. LeBron James is beginning his record-tying 22nd season in the NBA, while LeBron James Jr. — known to all as Bronny — was the Lakers’ second-round draft pick this summer. LeBron sat out of the Lakers’ preseason opener against Minnesota last Friday night, resting up after a full week of training camp following a busy summer.
Persons: LeBron James, Bronny, James family’s, Bronny James, LeBron James Jr, , LeBron, JJ Redick, Savannah, Bryce, Zhuri, Anthony Davis, Redick, they’ve, they’ll, Ken Griffey, Gordie Howe, Marty, Mark Organizations: Los Angeles Lakers ’, Phoenix, NBA, Acrisure, Lakers, University of Southern, South Bay Lakers, G, Minnesota, Timberwolves, Cleveland Cavaliers, U.S, Paris Olympics, Suns, North, Seattle Mariners, MLB, WHA’s Houston Aeros, NHL’s Hartford Whalers Locations: Calif, University of Southern California, Los Angeles, Savannah Brinson, North American
Sen. JD Vance, the Republican vice presidential nominee, confirmed to reporters Saturday that former President Donald Trump is "consistent" in his views on defunding Planned Parenthood. A journalist asked Vance, R-Ohio, whether a future Trump administration would defund Planned Parenthood, the reproductive health care group that has garnered opposition from many conservatives for its pro-abortion-rights positions. “On the question of defunding Planned Parenthood, look, I mean our view is we don’t think that taxpayers should fund late-term abortions," Vance said after Trump's rally in Butler, Pennsylvania. The Trump campaign and Planned Parenthood did not immediately respond to requests for further comment Sunday night. In 2016, then-candidate Trump said in a debate that he would end federal funding for Planned Parenthood, saying he would “defund it because I’m pro-life.”
Persons: Sen, JD Vance, Donald Trump, Vance, Trump, , Lauren Hitt, Kamala Harris, MAGA, Harris, Hitt, Melania Trump, , I’m, we’ve, Roe, Wade, ” Trump, Joe Biden, Organizations: Republican, Centers for Disease Control, Prevention, Trump, Democrats, Guardian, NBC News, Fox News, NBC, Truth Locations: R, Ohio, Butler , Pennsylvania
James Fishback, the former Greenlight analyst who said he was the head of macro, filed an arbitration claim against his old firm. AdvertisementThe age discrimination claim, according to the filing, is based on a flippant comment Fishback alleges Einhorn made. Fishback told potential backers of his firm he was the head of macro when he was at Greenlight, which prompted the now-viral dispute. The latest legal filing uses the titles "head of macro trading" and "head of macro" interchangeably. Advertisement"I pulled every penny I had invested in Greenlight and put it in Tesla," Fishback wrote on Twitter in September.
Persons: James Fishback, Fishback, David Einhorn, Greenlight, , he's, Einhorn, Toby Haselberger, Mr, Einhorn dismissively, Elon Musk, Donald Trump, Fine, outperforming Einhorn, Azoria, Ben Shapiro, Vivek Ramaswamy, Steve Rosen, Nikki Haley's, Dean Phillips, Tesla Organizations: Service, American, Association, Twitter, overpriced Ivy League, Greenlight, Azoria Partners, Democratic Locations: Greenlight, Manhattan, Tesla
US stocks are clicking on all cylinders, which led Goldman Sachs to lift its S&P 500 target again. Here are 25 companies set for outstanding earnings growth in 2025. The financial titan originally set its 2024 S&P 500 target at 4,700, then lifted it a month later to 5,100. That would translate to $241 worth of S&P 500 earnings, before an 11% jump in 2025 to $268 and an additional 7% leap in 2026 to $288. This month, the firm shared a coveted list of companies with the strongest expected earnings growth in 2025.
Persons: Goldman Sachs, , David Kostin, Kostin Organizations: Service, Wall, Apple, Meta, Microsoft, Nvidia, Communication
It has a price target of $68, implying more than 1% downside from Friday's close. — Sean Conlon 5:41 a.m.: Jefferies downgrades Apple Oversized expectations for the iPhone could hurt of Apple lower, according to Jefferies. Analyst Edison Lee downgraded the stock to hold from buy, and his price target of $212.92 implies more than 6% downside from Friday's close. His price target of $800, up from $650, implies upside of 11.2% from Friday's close. He kept his $550 price target unchanged, implying downside of more than 23%.
Persons: Piper Sandler, Jefferies, Bernard von, Gizycki, — Sean Conlon, Wells, Ken Gawrelski, Fred Imbert, JPMorgan downgrades Lamb Weston, Lamb Weston, Ken Goldman, Goldman, Edison Lee, Lee, Matt Farrell, Farrell, Kannan Venkateshwar Organizations: CNBC, Netflix, Apple, Alliance, Western Alliance, Deutsche Bank, WAL, Amazon, North America Retail, JPMorgan, U.S, Jefferies, AP, Barclays Locations: Wells Fargo, Europe, Friday's
Mercedes-Benz CEO Ola Källenius says automakers need to hunker down if they want to beat the Chinese. Ford's CEO, meanwhile, called the Chinese auto industry an "existential threat" after a visit to the country in May. When it comes to competing in the EV market, Western automakers have been left playing a game of catch-up with the Chinese. Chinese automakers like BYD have been expanding into Southeast Asian countries like Thailand, as well as developing markets like Brazil and Mexico. The crippling trade restrictions effectively shut them out of the US auto market.
Persons: Ola Källenius, Källenius, , Mercedes, isn't, Jim Farley, Farley wasn't, Farley, John Lawler, Lawler Organizations: Mercedes, Benz, Service, Ford, Berlin Global, EV, Källenius, Business Insider, Wall Street, Changan Automobile, Research, BI, European Union, Financial Times Locations: China, Thailand, Brazil, Mexico, Western
They said, ‘No, no, NO!’ Advances in medical and life-extending technologies will accelerate and will drag life expectancy along with it,” he said. We have shown the era of rapid increases in human life expectancy has ended, just as we predicted,” Olshansky said. “We’re still gaining life expectancy, but it’s at an increasingly slower pace than in previous decades.”Olshansky spoke to CNN about his analysis of longevity data. Just 5% of baby girls and about 2% of baby boys born today will live to 100, according to a new analysis. (That woman, Jeanne Calment, was born in 1875 in Arles, France, at a time when life expectancy was nearly 45 years.
Persons: CNN — Gerontologist Jay Olshansky, Olshansky, , , ” Olshansky, , “ We’re, Jeanne Calment, it’s, that’s Organizations: CNN, , School of Public Health, University of Illinois, ER Productions, Getty Locations: Chicago, Australia, France, Hong Kong, Italy, Japan, South Korea, Spain, Sweden, Switzerland, United States, Arles
Walter Isaacson said Elon Musk's AI motives likely stem from early ambitions inspired by sci-fi themes. Isaacson said Musk told him he wanted to start an AI company because he didn't trust Sam Altman. "He's telling me, 'I'm gonna start from scratch an AI company 'cause I don't trust Sam Altman,'" Isaacson recalled in an interview with CNBC's Squawk Box published Friday. The AI company competes directly with OpenAI, which he helped found and fund before a reported falling out. Isaacson, Musk, and xAI did not immediately respond to a request for comment from Business Insider.
Persons: Walter Isaacson, Elon, Isaacson, Musk, Sam Altman, , Elon Musk, lounging, CNBC's, he's, Isaac Asimov, He's, Isaac Asimov's, Douglas Adams, Altman, OpenAI, they're, xAI Organizations: Service, Twitter, SpaceX, Yorker, Business Locations: Austin
AdvertisementIn short, boomers love stuff, and not just their stuff. They held on to their parents' stuff when they inherited it, and a lot of them are sitting with their kids' stuff in their attics now, too. The market value of the object and the sentimental value don't always go hand in hand. "I often emphasize the idea that the market value of the object and the sentimental value don't always go hand in hand," he said. Remember, it takes a lot of stuff to live a full life — and it's hard to let go of it.
Persons: Dale Sperling's, Sperling, it's, they're, It's, they've, Gen Xers, Gen Zers, Sarah Hersh, Ben Hersh, — you'll, Mary Kay Buysse, They're, Hummel, Mindy Godding, you've, Godding, Elizabeth Hirsh, Wen Stone, Janelle, Ben Miller, they'll, Miller, Stephanie Preston, Buysse, we've, , Janelle Stone, I've, that's, she's, doesn't, downsizers, Cameron Huddleston, Let's, Emily Stewart Organizations: Facebook, National Association of Senior, Boomers, University of Michigan, eBay, Business Locations: New York City, New Jersey, North Carolina, Dallas, downsizers, New York
Goldman Sachs raised its S&P 500 year-end price target to 6,000, implying a 5% gain. AdvertisementStrategists at Goldman Sachs raised their S&P 500 year-end price target for the third time this year. The price target increase comes after Kostin and his team set an initial year-end S&P 500 price target of 4,700 late last year. AdvertisementKostin also raised the bank's 12-month S&P 500 price target to 6,300 from 6,000. Kostin's price target forecasts assume the S&P 500 continues to trade at a premium valuation of about 22x forward earnings.
Persons: Goldman Sachs, Goldman, , Goldman's David Kostin, Kostin, Myers Squibb Organizations: Service, Myers, Warner Bros ., Communacopia Locations: Bristol, Gilead
Manila, Philippines (AP) — The Philippines’s former President Rodrigo Duterte registered Monday to run for mayor of his southern home city despite his notorious legacy over his brutal anti-drugs crackdown that the International Criminal Court is investigating as a possible crime against humanity. His son – incumbent Davao city Mayor Sebastian Duterte – would run as his vice-mayor in next year’s mid-term elections, officials said. More than 6,000 people, mostly poor drug suspects, were killed under a massive police-enforced crackdown against illegal drugs that Duterte oversaw when he was president, according to government pronouncements. Duterte has denied condoning extrajudicial killings of drug suspects, although he has openly threatened suspects with death and has ordered police to shoot suspects who dangerously resist arrest. During his presidency, Duterte nurtured cozy ties with Chinese President Xi Jinping and Russian leader Vladimir Putin while lambasting the security policies of the United States and other Western governments.
Persons: Rodrigo Duterte, Mayor Sebastian Duterte –, Duterte, Sara Duterte, Ferdinand Marcos Jr, Marcos, Marcos administration’s, China’s, Xi Jinping, Vladimir Putin Organizations: Mayor, ICC Locations: Manila, Philippines, Davao city, Davao, Duterte, China, United States
CNN —It is “absolutely impossible” for Communist China to become Taiwan’s motherland because the island’s government is older, Taiwan’s president has said in a carefully timed speech that underscores the intense historical rivalry between the two. Despite having never controlled Taiwan, China’s ruling Communist Party has vowed to “reunify” with the self-governing democracy, by force if necessary. But many people on the island view themselves as distinctly Taiwanese and have no desire to be part of the People’s Republic of China. In Beijing, the CCP took power and founded the People’s Republic of China (PRC) on October 1, 1949. They later joined Taiwan’s evolution into a democracy and have made significant ideological transformations, including favoring closer ties with Communist China.
Persons: Lai Ching, China’s, , Lai, Mao Zedong’s, Xi, ” Lai, Lai’s, Republic of China ’, , Ling Tao, ” Xi, Organizations: CNN, Communist Party, CCP, ROC, Nationalist, Kuomintang, KMT, Democratic Progressive Party, Facebook, Nationalists, Communist China, of, People, Xinhua, Locations: Communist China, Taiwan, People’s Republic of China, Beijing, Republic of China, ROC, China, Nationalist, Japanese, Imperial Japan, Mao Zedong’s Communist, Taipei, Taiwan’s, Taiwan Strait, “ Taiwan
Supreme Court rejects Martin Shkreli fine appeal
  + stars: | 2024-10-07 | by ( Dan Mangan | ) www.cnbc.com   time to read: +3 min
The Supreme Court in rejecting that request did not explain its reason for doing so. Shkreli's request that the Supreme Court take his appeal of federal court decision was his last chance to overturn the penalty related to the drug Daraprim . People pass outside the U.S. Supreme Court on October 7, 2024 in Washington, DC. Shkreli in June asked the Supreme Court to hear his appeal of that ruling, but only as it applied to the financial penalty. The attorney said that the Supreme Court should hear Shkreli's appeal to resolve the so-called circuit split on the question of a defendant's financial liability.
Persons: Martin Shkreli, Benjamin Brafman, Shkreli, pharma bro, Shkreli's Organizations: U.S, CNBC, Federal Trade Commission, pharma, Supreme, Vyera Pharmaceuticals, FTC, Circuit, Appeals Locations: Brooklyn, New York City, U.S, Washington ,, Manhattan, Shkreli, disgorgement
After the business went public in the U.S. in December 2021, it brought in over $2 billion in revenue in 2023, according to documents reviewed by CNBC Make It. As of 2023, Grab also serves over 35 million customers and provides 13 million gig jobs across eight countries in Southeast Asia. "We both really believed we were very blessed [and] we wanted to serve Southeast Asia." There's no arguing, however, that Grab has shaped the very infrastructure of Southeast Asia. In December 2021, Grab went public and listed on the Nasdaq.
Persons: Anthony Tan didn't, Tan Heng, Tan, Tan's, that's, Ferdinand ] Marcos, Hooi Ling Tan, Anthony Tan, Uber, Dara Khosrowshahi Organizations: Kuala Lumpur Stock Exchange, CNBC, Harvard Business School, Base, Malaysian, Nasdaq Locations: Tan Heng Chew, U.S, Southeast Asia, Philippines, Malaysia, Kuala Lumpur, Chi Minh, Vietnam, Manila, Asia, Southeast
A Canadian trader turned $65,000 into $306 million by betting on Tesla during the pandemic. The trader is suing RBC and Grant Thornton, claiming he received "inadequate advice" that led to huge losses. AdvertisementA trader from Vancouver Island, Canada, minted a fortune betting on Tesla stock before losing everything, according to a lawsuit filed against RBC and tax advisory firm Grant Thornton LLP last week. But when Tesla stock plunged in 2022, DeVocht was forced to sell Tesla stock at depressed prices to pay back those margin loans. RBC and Grant Thornton LLP told media outlets that they do not comment on active lawsuits before the courts.
Persons: Grant Thornton, , Christopher DeVocht, DeVocht, Tesla Organizations: Tesla, RBC, Service, Royal Bank of Locations: Vancouver Island, Canada
Another top aide to New York City mayor resigns amid federal probe
  + stars: | 2024-10-07 | by ( ) www.cnbc.com   time to read: +5 min
Embattled New York City Mayor Eric Adams said Monday that he's accepted the resignation of his deputy mayor for public safety, Philip Banks, the latest senior official to leave as the mayor fends off an indictment and calls to step down. All three Banks brothers have denied wrongdoing. An attorney for Philip Banks, Benjamin Brafman, said Monday that federal prosecutors had assured him his client was not a target of the investigation. In addition to seizing the phones of the three Banks brothers, federal investigators also took devices from the city's police commissioner, Edward Caban, and one of Adams' closest aides, Timothy Pearson. At a press briefing last month, Adams spoke of his close ties to the Banks brothers.
Persons: Eric Adams, he's, Philip Banks, fends, Adams, Banks, David Banks, Terence, Benjamin Brafman, Kathy Hochul, Philip Banks Jr, Edward Caban, Timothy Pearson, Caban, Pearson Organizations: New York City, NY1, New York, Associated Press, Gov, Democrat, City, NYPD Locations: New York, Yorkers
Gaza in Ruins After a Year of War
  + stars: | 2024-10-07 | by ( Raja Abdulrahim | Helmuth Rosales | Bilal Shbair | ) www.nytimes.com   time to read: +20 min
Jabaliya Gaza City Gaza Strip Israel Mediterranean Sea Khan Younis Egypt Jabaliya Gaza City Gaza Strip Israel Mediterranean Sea Khan Younis Egypt Jabaliya Gaza City Gaza Strip Mediterranean Sea Israel Khan Younis EgyptGaza in Ruins After a Year of War Much of Gaza has been destroyed by Israel’s relentless military campaign. Sea Gaza Strip Israel Egypt Gaza City 74% of buildings have been likely damaged or destroyed. Gaza City, the strip’s capital, is home to the ancient Old City, as well as Al-Rimal, a once-vibrant, upper-middle-class neighborhood. Omar Al-Mukhtar Street, Gaza City Before Fouad Abu JasserThe park was a gathering place for rallies and protests. Omar Al-Mukhtar Street, Gaza City After AFPNot far away, the Rashaad Shawa center, which housed the oldest library in the Gaza Strip, has been severely damaged.
Persons: Khan, Khan Younis, Israel Egypt Khan Younis, Abu Kayan, Mamdouh Aljbour, , Ahmed Abu, Bilal Shbair, Belal Barbakh, Barbakh, Hamada, Sisters Asan, Elan, Abdulraouf Barbakh, , Barbakh’s, Jamal Subuh’s, Subuh, Jamal, Jamal Subuh, nourishing Gazans, Dina, Reuters Ahmed Abu Sultan, Mr, Abu Sultan, , Omari, Omar Al, Mukhtar, Riyad Al, Masri, Al, Rimal, Gazans, Fouad Abu Jasser, Shawerma Al, Sheikh Omar Al, wasn’t, Ahmed Emqat, Ihsan Abdo, Husam Skeek, Jabaliya, Nahed Al, Fatima Hussein, Ahmed Jawda, Assali, Jawda Organizations: Hamas, Cream, Citadel, Sisters, Facebook, Agricultural Organization, Byzantine, Reuters, Reuters Al, AFP, Palestine, Med, Israel Egypt Jabaliya, AFP Al, Times, Bank, Gazans Locations: Israel, Gaza, Egypt, Khan Younis Egypt Gaza, New York City, Gaza City, Med, Israel Egypt, Khan, Facebook, Farra, Jamal, Israel Egypt Gaza, Old City, Gaza . Old City, Omari, Al, Aqsa, Jerusalem, Riyad, Palestine, Gazans, Jabaliya, Jabaliya’s Al
Yet despite the atrocious conditions, the fixture went ahead as planned, and after 90 minutes of less-than-inspiring football, England had beaten Czechoslovakia 1-0 at Wembley Stadium. More importantly, however, was the fact that Anderson had made history as the first Black player to represent the England national team. Up and down the country, Anderson says that racist abuse formed an ugly backdrop to some of his football career. “It’s one of those things we (Black players) all had to get through if we wanted to make a career,” he says. Whether it be on the playground, whether it be at home with nieces and nephews, I was always playing football.
Persons: Viv Anderson, Anderson, ” Anderson, Anderson’s, Queen Elizabeth II, Elton John, , didn’t, Peter Robinson, , , Graham Budd, Brian Clough, Clough, ’ ”, “ ‘ You’ve, you’ve, Shutterstock Anderson, Clyde Best, Laurie Cunningham, Brendon Batson, Cyrille Regis, ’ ” Regis, you’re, ’ ” Anderson, Michel Barrault, Keith Alexander, Lincoln, nothing’s, That’s, Richard Masters, Simon Bruty, Jack Leslie, Greg Clarke, it’s Organizations: CNN, England, Wembley, England national, Nottingham Forest, Manchester United, Arsenal, CNN Sport, , FA Cup, Football League, West Brom, English Premier League, Black, English Football Association, ” Premier League, Plymouth Argyle Locations: Czechoslovakia, Nottingham, England, Jamaica, Carlisle, Coventry
Elon Musk has a big task this week: convincing investors that Tesla is more than just a car company. It may do so once again as Elon Musk prepares to use the studio lot to tell another story: that Tesla is more than just a car company. The long-awaited event — originally scheduled for August — is meant to give weight to the electric vehicle maker's pitch that it is a tech company first and a car company second. Meanwhile, in July, Wedbush analyst Dan Ives claimed the "Tesla AI story could be worth $1 trillion-plus and is the most undervalued AI name." Michael Macor/The San Francisco Chronicle via Getty ImagesHowever, what's critical to note is the timing for Tesla's robotaxi push.
Persons: Elon Musk, Tesla, Tesla's, , Musk, Sam Altman, Andrej Karpathy, Dan Ives, Michael Macor, Caspar Rawles, Rawles, Donald Trump, Elon, Ross Gerber, Gerber, Uber, it's, Cruise, Paul Miller, Forrester Organizations: Service, Warner Bros, Elon, Robotaxi, EV, San Francisco, Getty, Elon Inc, Benchmark Mineral Intelligence, Twitter, Gerber Kawasaki Wealth, Investment Management, Baidu, GM Locations: Burbank, California, Tesla's, Palo Alto, Elonville, Chinese, China, Wuhan
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