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☆ Tesla extends blistering rally after quarterly deliveries beat
▼ + stars: | 2023-07-03 | by ( Aditya Soni | ) www.reuters.com time to read: +3 min

July 3 (Reuters) - Tesla (TSLA.O) shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. The stock, which hit the highest in more than four months, closed up 17.4% in a holiday-shortened session. [1/2]The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. The median price target on the stock stands at $210, which is about 20% below its last closing price. Tesla has a forward price-to-earnings ratio of around 62.9, far above Ford's (F.N) 8.82 and near the 62.66 of Amazon.com (AMZN.O).

Persons: Elon Musk's, Lucy Nicholson, Gene Munster, Tesla, Bernstein, Toni Sacconaghi, Aditya Soni, Akash Sriram, Shounak Dasgupta, Sriraj Organizations: U.S, Rivian, REUTERS, Asset Management, Thomson Locations: Irvine , California, Los Angeles , California, U.S, Bengaluru

☆ Tesla's blistering rally continues after quarterly deliveries beat
▼ + stars: | 2023-07-03 | by ( Aditya Soni | ) www.reuters.com time to read: +2 min

[1/2] The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020. REUTERS/Lucy Nicholson/File PhotoJuly 3 (Reuters) - Tesla (TSLA.O) shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working. "Tesla's price cuts are working in a big way," said Gene Munster, managing partner at investment firm Deepwater Asset Management. The median price target on the stock stands at $210, which is about 20% below its last closing price. "Our money's on Elon," said Canaccord Genuity analyst George Gianarikas, who lifted his price target on Tesla by $36 to $293.

Persons: Lucy Nicholson, Elon Musk's, Gene Munster, Tesla, Bernstein, Toni Sacconaghi, Canaccord, George Gianarikas, Aditya Soni, Shounak Dasgupta Organizations: REUTERS, Asset Management, Thomson Locations: Los Angeles , California, U.S, Elon

☆ Apple's Vision Pro is going to surprise investors, says Deepwater's Gene Munster
▼ + stars: | 2023-06-30 | 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 EmailApple's Vision Pro is going to surprise investors, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management, joins 'Closing Bell' to discuss Apple setting to close above the historic $3 trillion mark.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management

☆ I think we are going to get a pullback in tech, says Deepwater Asset’s Gene Munster
▼ + stars: | 2023-06-23 | 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 EmailI think we are going to get a pullback in tech, says Deepwater Asset’s Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the Fed's rate hike campaign, its impact on the chip and tech sector at large, and more.

Persons: Asset’s Gene Munster Gene Munster Organizations: Asset’s, Deepwater Asset Management

☆ Tesla owners will hate waiting in charging lines behind Ford and GM cars, analyst says
▼ + stars: | 2023-06-12 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +4 min

Tesla owners have previously enjoyed sole access to the company's charging stations. Tesla owners probably won't be very happy that the EV maker is opening up its Supercharger network to outsiders. Tesla's Supercharger network is comprised of some 7,000 locations in North America, according to the Department of Energy. But allowing other car owners to use the network may also eventually benefit Tesla owners, too. How do you feel about Tesla allowing other EV owners to use the Supercharger network?

Persons: Tesla, Craig Irwin, you've, Irwin isn't, Gene Munster, Cathie Wood, Wood, CThompson Organizations: General Motors, Ford, Morning, Detroit automaker, GM, Roth Capital Partners, Yahoo Finance, Deepwater Asset Management, CNBC, Department of Energy, Ark Invest Locations: North America

☆ What Apple's entry into virtual reality means for the future of Meta Platforms and the metaverse
▼ + stars: | 2023-06-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Meta Platforms ' vision to sell a future where people work, play and mingle in a virtual world may finally be getting its long-overdue validation thanks to an unlikely partner. Apple on Monday unveiled its highly anticipated mixed reality product, known as Vision Pro , at its annual Worldwide Developers Conference . So confident in the bright future of the metaverse, Facebook rebranded itself as Meta Platforms in 2021 to better reflect its vision beyond social media. More than a year and a half later Apple's metaverse entry may finally offer the much-needed support to Meta's overambitious vision, and lure once skeptical investors back to the virtual world. With the company — and metaverse vision — so dependent on consumer adoption, this creates a difficult near-term setup, Meeks said.

Persons: It's, Mark Zuckerberg, Gucci, Meta's, Gene Munster, Wall, Paul Meeks, JPMorgan's Samik Chatterjee, Advisors Capital Management's JoAnne Feeney, Meeks, Davidson's Tom Forte, scoffed, Apple's, Feeney, Bernstein's Toni Sacconaghi Organizations: Apple, Developers, Facebook, Walmart, Grill, Independent Solutions Wealth Management, Advisors Capital, Munster, Quest

☆ Tesla may just be starting to unlock its true potential
▼ + stars: | 2023-06-10 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +5 min

Tesla will let Ford and GM access its Supercharger network starting in 2024. Tesla is beginning to show just how much potential its technology and infrastructure really have. Starting in 2024, both automakers will be able to give their customers access to Tesla's expansive charging network with adapters. But this may just be the beginning of Tesla starting to cash in on its proprietary technologies. Even with the addition of Ford, GM, and other car makers," Munster said.

Persons: Tesla, Elon Musk, Dan Ives, Musk, What's, Cathie Wood, Wood, Gene Munster, They've, Munster, It's, Ives Organizations: Ford, GM, EV, Wedbush Securities, CNBC, Ives, Apple, Ark, Deepwater Asset Management, Supercharging Locations: North America

☆ Tesla-GM partnership 'more of a move for greater EVs than a positive for Tesla', says Gene Munster
▼ + stars: | 2023-06-09 | 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 EmailTesla-GM partnership 'more of a move for greater EVs than a positive for Tesla', says Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Squawk Box' to discuss the GM-Tesla partnership, the EV landscape at large, and more.

Persons: Tesla, Gene Munster Gene Munster Organizations: Tesla, Deepwater Asset Management

☆ One of our recent top-performers is not in tech. Here's how the stock has been creeping higher
▼ + stars: | 2023-06-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +5 min

It's Ford (F), whose stock has jumped 15% since its $12-per-share close on May 8. F 1M mountain Ford Motor's stock performance over the past month. When granted access, current electric vehicles from Ford and GM will have to use an adapter at Tesla's charging stations. "They have to adopt at this point," suggesting they'll also likely have to rely on a Tesla partnership. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: It's Ford, Tesla, Wall, Ford, Gene Munster, Munster, they'll, we've, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Nasdaq, Ford, General Motors, GM, EV, Deepwater Asset Management, CNBC, Tesla, Wall Street, Management, Ford Motor Co, Washington Auto, Washington , D.C, Bloomberg, Getty Locations: —, Washington ,

☆ Google, Palantir and Meta are great companies to ride the A.I. wave: Deepwater Asset's Gene Munster
▼ + stars: | 2023-06-06 | 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 EmailGoogle, Palantir and Meta are great companies to ride the A.I. wave: Deepwater Asset's Gene MunsterHerb Greenberg, Empire Financial research editor, and Gene Munster, Deepwater Asset Management managing partner, join 'Power Lunch' to discuss A.I., virtual reality, and crypto and how to distinguish between tech fads and the future.

Persons: Asset's Gene Munster Herb Greenberg, Gene Munster Organizations: Google, Asset's, Empire Financial, Deepwater Asset Management

☆ Apple didn't mention the metaverse once
▼ + stars: | 2023-06-06 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

Apple's mixed-reality headset is finally here, but it isn't talking about the metaverse. Apple may see the term metaverse, pushed by Mark Zuckerberg, as confusing and alienating. Apple mixed-reality headset, called Vision Pro, is finally here but for anyone watching the grand unveiling in Cupertino something was conspicuously missing: The metaverse didn't get a single mention. At no point did the Apple CEO use the term metaverse. "In the same way Mac introduced us to personal computing, and iPhone introduced us to mobile computing, Apple Vision Pro will introduce us to spatial computing," he said.

Persons: Apple's, Tim Cook, Mark Zuckerberg, Mac, Zuckerberg's, Neal Stephenson, Satya Nadella, Gene Munster, That's chunky — Organizations: Morning, Vision, Apple Vision, Apple, Facebook, Meta, Labs, Zuckerberg, Microsoft, Google, Apple Watch, Deepwater Asset Management Locations: Cupertino

☆ 'Eventually 10% of Apple's revenue' will come from the Vision Pro, says Deepwater's Gene Munster
▼ + stars: | 2023-06-05 | 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 Email'Eventually 10% of Apple's revenue' will come from the Vision Pro, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Fast Money' from Cupertino, CA to discuss Apple's new augmented reality headset the 'Vision Pro' and why investors should be optimistic.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Vision, Deepwater Asset Management Locations: Cupertino , CA

☆ Apple's VR rollout is a paradigm shift in how consumers do computing, says Deepwater's Gene Munster
▼ + stars: | 2023-06-05 | 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 EmailApple's VR rollout is a paradigm shift in how consumers do computing, says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Halftime Report' to discuss Apple's Worldwide Developers Conference, the paradigm shift in consumer computing, and the use cases for Apple's virtual reality headset.

Persons: Deepwater's Gene Munster Gene Munster Organizations: Deepwater Asset Management, Apple's, Conference

☆ Apple hits all-time high and announces new headset. Here's how to play the stock
▼ + stars: | 2023-06-05 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple hits all-time high and announces new headset. Here's how to play the stockJim Cramer, Erik Woodring of Morgan Stanley, Joe Terranova of Virtus Investment Partners, Gene Munster of Deepwater Asset Management and Dan Ives of Wedbush Securities on what they think about Apple hitting an all-time high and releasing new products at its annual Worldwide Developers Conference.

Persons: Jim Cramer, Erik Woodring, Morgan Stanley, Joe Terranova, Gene Munster, Dan Ives Organizations: Virtus Investment Partners, Deepwater Asset Management, Wedbush Securities, Apple, Developers Conference

☆ Apple is ready to enter its metaverse era with a mixed reality headset. The rest of the world might not be.
▼ + stars: | 2023-06-04 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Apple is on the cusp of revealing its future post-iPhone with a big bet on the metaverse. Tim Cook is expected to unveil a new mixed reality headset at WWDC in his riskiest move yet. Apple has the tough task of convincing the world the metaverse is still the future as interest dips. But emerging signs suggest Apple would have a seriously tough time shipping units for its metaverse bet. "If you believe there's something beyond a smartphone then it's probably the metaverse," Munster said.

Persons: Tim Cook, that's, Mark Zuckerberg's Meta, it's, Zuckerberg, Palmer Luckey, —, ChatGPT, Gene Munster, he's, Siri, That's, Apple, Munster, Bill Gates, Apple's Cook Organizations: Apple, Developers, Bloomberg, Meta, Deepwater Asset Management, Microsoft Locations: Cupertino

☆ Petrobras eyes global expansion as Brazil hopes fade, sources say
▼ + stars: | 2023-06-01 | by ( Marta Nogueira | ) www.reuters.com time to read: +4 min

[1/3] A worker walks inside the Brazil's Petrobras P-66 oil rig in the offshore Santos basin in Rio de Janeiro, Brazil September 5, 2018. Petrobras' main bet on replenishing its reserves had been the Equatorial Margin, some 2,200 km of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. According to one of the sources, the Equatorial Margin has been the company's "Plan A, B, and C" for restocking reserves. In March, Reuters reported that Petrobras was among at least 10 companies including Shell and Chevron to consider bidding on a Guyana oil auction, now scheduled for July. Such projects could also add scope for foreign expansion, said Mauricio Tolmasquim, Petrobras' chief energy transition and sustainability officer.

Persons: Pilar Olivares, Luiz Inacio Lula da Silva, Ibama, Jean Paul Prates, Prates, Lula, Mauricio Tolmasquim, Marta Nogueira, Gabriel Stargardter, David Gregorio Our Organizations: Petrobras, REUTERS, RIO DE, Brazil's Petrobras, Reuters, Petroleo, government's Energy Research, Ocean, Exxon Mobil, Estado, S, Shell, Chevron, Brazil, Thomson Locations: Santos, Rio de Janeiro, Brazil, RIO, RIO DE JANEIRO, Foz de Amazonas, Guyana, Suriname, Colombia, Argentina, Bolivia

☆ Uber's AI potential is making it stand out among its peers. Here's what that could mean for its stock.
▼ + stars: | 2023-05-19 | by ( Michelle Fox | ) www.cnbc.com time to read: +11 min

All told, there is a nearly $6 trillion in revenue opportunity from AI across the internet industry, a March report from Morgan Stanley found. "UBER/LYFT/DASH already use ML [machine learning] in their matching algorithms (matching rides/eaters with drivers/couriers)," Morgan Stanley wrote in its report. AI tailwind for Uber Uber has both its ride-sharing service and UberEats food delivery business. According to Morgan Stanley, AI and machine learning will be a tailwind to network efficiency. "The extent to which AI drives substantial improvements in top-line growth could lead to teens upside [for the stock]," Morgan Stanley said.

☆ Even Apple will have a hard time making the metaverse cool
▼ + stars: | 2023-05-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Apple must do what no other tech company has done: make the metaverse cool. The iPhone maker is widely expected to debut its mixed-reality headset next month. The company's making a risky move as the tech world retreats from the metaverse and fixates on AI. In other words, Apple has more to lose by not making a wager on a mixed-reality headset than if it did. "If you believe there's something beyond a smartphone then it's probably the metaverse," Munster said.

☆ 10 Things in Tech: Apple's upcoming 'Reality' headset, BookTok drives book sales, and more
▼ + stars: | 2023-05-19 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

AI startup cloud deals by Microsoft, Google, and Amazon are ringing "accounting alarm bells" across Silicon Valley over revenue "round-tripping." As Big Tech firms invest in AI startups in exchange for commitments to use their cloud services, some investors question whether those arrangements are artificially inflating cloud revenue growth. A former Apple marketing executive predicts the company's upcoming "Reality" headset risks being "one of the greatest tech flops of all time." How the BookTok phenomenon helped send book sales to an all-time high and reignite a love for reading. Read on to find out more about what you can use the AI app for.

☆ Layoffs aren't over yet for tech giants as managers prepare to tighten on the 'laptop generation,' says tech investor Gene Munster
▼ + stars: | 2023-05-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Tech layoffs are far from over, according to tech investor Gene Munster. He also sees them getting tighter on the "laptop generation" who refuse to return to the office. More layoffs could be on their way at big tech firms as bosses prepare to tighten on the "laptop generation," according to Gene Munster. Munster's comments come as tech companies shift their tone away from growth to focus on efficiency. Munster thinks that "there has been this laptop generation" that "some of these tech companies are going to tighten on."

May 16 (Reuters) - Tesla Inc (TSLA.O) CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. "We'll try out a little advertising and see how it goes," said Musk, who is also CEO of Twitter. Last week he announced that NBCUniversal's former advertising head, Linda Yaccarino, will succeed him as Twitter CEO and that he will focus on products and technology at the company. Tesla logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022. REUTERS/Dado Ruvic/IllustrationOne shareholder asked about rumors that he would step down as Tesla CEO, adding "Say it ain't so."

May 16 (Reuters) - Tesla Inc (TSLA.O) Chief Executive Elon Musk on Tuesday warned that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months. At the meeting, shareholders voted to appoint the company's co-founder and former chief technology officer, JB Straubel, to the board. They also rejected a proposal to publish a report that sought to establish succession plans for Chief Executive Elon Musk. Tesla shareholders on Tuesday swiftly voted with the board's recommendations on nearly all proposals. In November, Tesla director James Murdoch testified in court that Musk had identified someone as a potential successor.

May 16 (Reuters) - Tesla Inc (TSLA.O) shareholders on Tuesday voted to appoint the company's co-founder and former chief technology officer, JB Straubel, to the board, and rejected a proposal to publish a report that sought to establish succession plans for Chief Executive Elon Musk. Proxy advisory firm Glass Lewis had recommended that shareholders vote against Straubel's appointment, citing worries about his independence. Tesla shareholders on Tuesday swiftly voted with the board's recommendations on nearly all proposals. Shareholders also voted to re-elect Musk and Chair Robyn Denholm as board members. Tesla board members have discussed CFO Zach Kirkhorn as a possible successor as CEO, the Wall Street Journal reported last week, citing a person familiar with the matter.

The billionaire entrepreneur, also the top boss of Twitter, last week announced that NBCUniversal's former advertising head Linda Yaccarino will succeed him as Twitter CEO and that he will focus on products and technology at the social media firm. Here are some topics that may be discussed at the shareholder meeting. Proxy advisory firm Glass Lewis recommended Tesla shareholders vote against Straubel's appointment, citing worries about his independence. DEMANDInvestors hope Musk will talk about demand against the backdrop of a slowing economy and growing competition. He had flagged strong demand for the Cybertruck, but it takes time to get the manufacturing line going for the "very radical product".

☆ 'Tesla stands above the rest when it comes to growth opportunities', says Deepwater's Gene Munster
▼ + stars: | 2023-05-16 | 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 Email'Tesla stands above the rest when it comes to growth opportunities', says Deepwater's Gene MunsterGene Munster, Deepwater Asset Management managing partner, joins 'Fast Money' to give his take on Tesla's annual shareholder meeting so far and what could be coming off Tesla's line in the future.

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