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☆ This is what it looks like when Google dances
▼ + stars: | 2024-04-25 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

Alphabet reports Q1 earnings surpassing estimates with a 15% year-on-year revenue increase. Google has made significant strides in AI, countering perceptions of falling behind in the field. Parent company Alphabet reported blockbuster Q1 earnings on Thursday that blew past analyst estimates. A 15% revenue bump year over year sent stocks soaring. "This is a new Google," Wedbush analyst Dan Ives said on CNBC.

Persons: —, Satya Nadella, Dan Ives Organizations: Google, Service, CNBC

☆ Tesla is headed for a new growth phase as Elon Musk is finally the 'adult in the room,' Wedbush says
▼ + stars: | 2024-04-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Tesla is back on track as Elon Musk is finally acting like the "adult in the room," Wedbush said. AdvertisementTesla stock could be headed for better days, thanks to Elon Musk finally stepping up as the "adult in the room" to calm investors as the company battles an array of headwinds, according to Wedbush Securities analyst Dan Ives. Ives pointed to Tesla's first-quarter earnings call on Tuesday, during which Musk issued firm guidance on the electric vehicle maker's strategy going forward. The company has a "golden vision" surrounding its full self-driving technology, which will be key to Tesla's strategy over the next decade, Ives added. Tesla stock surged in early trading on Wednesday, despite the company missing its revenue goal by nearly $1 billion over the last quarter.

Persons: Tesla, Elon Musk, Wedbush, Dan Ives, —, Ives, Musk, Wall, Tesla's Organizations: Elon, EV, Service, Wedbush Securities Locations: China

☆ Tesla stock soars 14% after Elon Musk commits to affordable vehicle launch following Q1 earnings miss
▼ + stars: | 2024-04-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

Tesla stock surged as much as 14% on Wednesday after the company reported 1st-quarter earnings. While the company badly missed analyst estimates, Elon Musk did commit to an affordable car. "We're updating our future vehicle lineup to accelerate the launch of our low-cost vehicles," Tesla said. So, I mean, if somebody doesn't believe Tesla is going to solve autonomy, I think they should not be an investor in the company," Musk said. While Ives remained bullish on Tesla stock, he did lower his price target to $275 from $300.

Persons: Elon Musk, Tesla, —, Lars Moravy, Musk, robotaxi, it's, Dan Ives, Ives Organizations: Elon, Service, Tesla, Reuters, Wall Street

☆ Watch CNBC's full interview on Tesla earnings with Wedbush's Dan Ives and Gerber Kawasaki's Ross Gerber
▼ + stars: | 2024-04-23 | 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 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

☆ After Tesla’s falling sales, layoffs and other problems, this is a very important earnings report
▼ + stars: | 2024-04-23 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

Investors will get an idea of just how bad after the company reports earnings and offers comments to investors after the bell today. And it makes what Tesla says Tuesday evening very important for its future. Analysts are forecasting Tesla to report adjusted earnings of 49 cents a share, sharply lower than the 85 cents a share it reported a year ago. Its profit margins, also a closely watched number, have been falling steadily since it started an EV price war more than a year ago. What he says about the competition from Chinese EVs today will also be a key focus for investors.

Persons: New York CNN — Tesla, Tesla, Elon Musk, ”, Dan Ives, it’s, Ives, Gordon Johnson, Musk Organizations: New, New York CNN, Investors, Elon, Wedbush Securities, Toyota, General Motors, Ford, GLJ Research, Mr, Reuters Locations: New York, China, Delaware

☆ Shelving Model 2 for Robotaxi could be a gamble that defines Tesla, says Wedbush's Dan Ives
▼ + stars: | 2024-04-19 | 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 EmailShelving Model 2 for Robotaxi could be a gamble that defines Tesla, says Wedbush's Dan IvesDan Ives, Wedbush Securities managing director, joins 'Squawk on the Street' to discuss why Ives believes shelving Tesla's Model 2 for Robotaxi would be a considerable gamble, what would be a disaster of epic proportions, and more.

Persons: Wedbush's Dan Ives Dan Ives, Ives Organizations: Wedbush Securities

☆ Apple plans to spend more in Vietnam as it looks beyond China
▼ + stars: | 2024-04-18 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

Apple (AAPL) has already spent almost $16 billion through its supply chain in the country since 2019, the government quoted Cook as saying. According to the statement, Cook said Apple “stands ready … to enhance cooperation and investment activities” in the Southeast Asian country. Nguyen, whose firm manages $6 billion in assets, told CNN that labor costs in Vietnam’s manufacturing sector are about half those in neighboring China. That’s a big draw for foreign tech companies looking to hire workers for their factories, and find consumers for their products. Still, Vietnam represents a far smaller market than India, which has also been wooing large foreign companies, including Tesla (TSLA), to set up factories in the country.

Persons: Tim Cook, Pham Minh Chinh, Cook, Apple “, Thuy Anh, Nguyen, Dan Ives, “ We’re, ”, “, Tuan Hung, Ho, That’s, Ives, Juliana Liu Organizations: London CNN, Apple, Vietnamese, Dragon, CNN, country’s Ministry of Planning, Investment, Wedbush Securities, Intel, Consumer, Monetary Fund Locations: Vietnam, China, Hanoi, Beijing, India, United States, Ho Chi Minh City, Washington, That’s, Europe

☆ This is a 'fork in the road' period for Musk and Tesla, says Wedbush's Dan Ives
▼ + stars: | 2024-04-17 | 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 EmailThis is a 'fork in the road' period for Musk and Tesla, says Wedbush's Dan IvesHosted 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, Brian Sullivan, “ Organizations: CNBC

☆ A Tesla worker who was hired and then laid off a month later says he can't pay his rent
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Tesla laid off more than 10% of its workforce, a memo sent by CEO Elon Musk showed. One worker who lost his job a month after joining Tesla told KVUE he couldn't pay his rent. AdvertisementAn employee who'd been working at Tesla for about a month learned he'd been laid off on Monday, local news station KVUE reported. This includes quietly removing inventory discounts for its EVs in the US, as Tesla investor Sawyer Merritt noted on X.AdvertisementMusk responded, "We are simplifying and streamlining the whole Tesla sales and delivery system. Musk announced his latest moonshot on X earlier this month and said Tesla would launch a self-driving taxi called "Robotaxi," which it would reveal on August 8.

Persons: Tesla, Elon Musk, KVUE, —, who'd, he'd, Ezekiel Love, Love, Insider's Grace Kay, Sawyer Merritt, Musk, Dan Ives, Ives Organizations: Tesla, Service, EV Locations: Texas

☆ A Tesla worker who was laid off a month after he joined says he can't pay his rent
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAn employee who'd been working at Tesla for about a month learned he'd been laid off on Monday, local news station KVUE reported. This includes quietly removing inventory discounts for its EVs in the US, as Tesla investor Sawyer Merritt noted on X.AdvertisementMusk responded, "We are simplifying and streamlining the whole Tesla sales and delivery system. Musk announced his latest moonshot on X earlier this month and said Tesla would launch a self-driving taxi called "Robotaxi," which it would reveal on August 8. Tesla didn't immediately respond to Business Insider's request for comment made outside of normal working hours.

Persons: —, who'd, he'd, Ezekiel Love, Love, Elon Musk, Insider's Grace Kay, Sawyer Merritt, Musk, Dan Ives, Ives, Tesla Organizations: Service, Tesla, EV, Business Locations: Texas

☆ Big names are leaving Tesla. An analyst says Elon Musk has to quickly lay out what the layoffs mean.
▼ + stars: | 2024-04-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +4 min

Elon Musk has been urged to lay out a vision for Tesla as senior staff leave amid layoffs. AdvertisementElon Musk must set out a vision for Tesla after investors were spooked by high-profile departures amid layoffs, an analyst has said. Tesla stock fell 5.6% on Monday after Elon Musk announced over the weekend that more than 10% of its workforce would be laid off. Those departing Tesla worked on critical projectsBoth Baglino and Thurston worked on critical projects at the Texas factory. In an X post earlier this month, Musk said Knight was "going to join OpenAI, so it was either xAI or them."

Persons: Elon Musk, Tesla, Musk, —, Elon, Dan Ives, Ives, Drew Baglino, he'd, Rohan Patel, Anthony Thurston, Electrek, Thurston, Fred Lambert, Amir Mirshahi, Zachary Kirkhorn, Tesla's, Ethan Knight, Musk's, Knight Organizations: Service, Elon, Energy, Tesla, Business, OpenAI Locations: Texas

☆ How to position in the markets following last week's sell-off
▼ + stars: | 2024-04-15 | 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 EmailHow to position in the markets following last week's sell-offStephanie Link, Chief Investment Strategist at Hightower, and Dan Ives, Managing Director of Equity Research at Wedbush, discuss where stocks go from here following last week's sell-off.

Persons: Stephanie Link, Hightower, Dan Ives Organizations: Equity Research Locations: Wedbush

☆ 10 things to watch in the stock market Friday, including bank earnings and portfolio stock price target bumps
▼ + stars: | 2024-04-12 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

The bank reports $1.26 in earnings per share vs. $1.11 expected. A round of price target increases on Constellation Brands after its strong quarter and upside guide Thursday. Following the release and conference call, we reiterated our buy-equivalent 1 rating on shares and raised our price target to $300 from $270. A couple more price target cuts on Tesla . BMO starts coverage on the Novo Nordisk shares with a buy-equivalent outperform rating and a $163 per share price target.

Persons: Wells Fargo, Jefferies, Rosenblatt, Wells, Wedbush's Dan Ives, robotaxi, Eli Lilly, Jim Cramer's, Jim Cramer, Jim Organizations: Bank, JPMorgan, Citigroup, Constellation Brands, BMO, Devices, Arista Networks, Citi, EV, Boeing, Novo Nordisk, Jim Cramer's Charitable, CNBC Locations: China, Tesla, Wells Fargo

☆ Microsoft will unveil new Windows and cloud AI features in May
▼ + stars: | 2024-04-10 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Microsoft has reported significant revenue growth from clients running AI models in its Azure public cloud, and the company wants to keep the trend going by rolling out new AI features for developers. The new head of Microsoft AI, Mustafa Suleyman, will take the stage alongside CEO Satya Nadella and other longtime executives during the show's opening keynote in Seattle. Suleyman — a cofounder of DeepMind, the AI startup that Google acquired in 2014 — joined Microsoft last month from startup Inflection AI. The software maker will also talk about new AI features "that allow users deeper interaction with their digital lives on Windows," according to one session description. At Build, Microsoft plans to discuss how Windows apps will be able to tap Arm-based neural processing engines, or NPUs, for AI.

Persons: Mustafa Suleyman, Nadella, Satya Nadella, Suleyman —, —, Dan Ives Organizations: Ltd, Economic, Microsoft, Microsoft's, DeepMind, Google, Windows, Intel Locations: Davos, Switzerland, Seattle

☆ Google's Arm-based chip is a 'flexing the muscles' moment, says Wedbush's Dan Ives
▼ + stars: | 2024-04-09 | 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 EmailGoogle's Arm-based chip is a 'flexing the muscles' moment, says Wedbush's Dan IvesDan Ives, Wedbush Sr. Equity Research Analyst, joins 'Closing Bell Overtime' to discuss Google's new Arm-based chip, Alphabet hitting record highs, Apple's recent performance and more.

Persons: Wedbush's Dan Ives Dan Ives, Wedbush Organizations: Equity Research

☆ Tesla shares have tanked 34% this year. Investors raise doubts over whether the EV maker will return to form
▼ + stars: | 2024-04-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Disappointing investors Tesla's inability to meet estimates and boost demand for its models has spurrred the newfound skepticism. The comments from Wood came one day after her firm purchased nearly $40 million worth of Tesla shares. A lack of investor understanding of the value of these alternative businesses and their future contribution to Tesla profits is plaguing Tesla shares, according to Corestone Capital's Will McDonough. TSLA 1Y mountain Tesla shares over the last year "Valuing Tesla as a car company is akin to valuing Amazon as a book sale company," the investor said. "There are definitely concerns in the marketplace around demand" for Tesla vehicles, said Robert W. Baird senior research analyst Ben Kallo.

Persons: Tesla, Morgan Stanley, Adam Jonas, Wedbush's Dan Ives, Ives, Michael Sansoterra, Tim Pagliara, EVs, Sansoterra, that's, CNBC's Andrew Ross Sorkin, Cathie Wood, Wood, Brad Gerstner, Elon Musk, Corestone Capital's Will McDonough, Robert W, Baird, Ben Kallo, We're Organizations: Elon, Silvant Capital Management, Wall, Motors, Ford, Toyota, Silvant, Ark Investment Locations: U.S, China

☆ Apple focusing on home robots over AI would be a 'horror show' for the company, Wedbush's Dan Ives says
▼ + stars: | 2024-04-05 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's recently announced foray into developing home robots could end up being a "horror show" for the company, according to Wedbush analyst Dan Ives. Ives thinks such a shift would be detrimental to Apple, which should instead be primarily focused on leaning into artificial intelligence. Even amid his concern around Apple's home robots, Ives remains bullish on the company's stock trajectory over the medium-term. But that projection hinges on Apple continuing to put its AI at the forefront of its priorities, the analysts suggested.

Persons: —, Dan Ives, Ives, Cook, Gene Munster, Munster, Apple Organizations: Service, CNBC, Bloomberg, Apple, Business, Department of Justice Locations: China, Cupertino

☆ Wall Street seems worried about Apple — and divided over its stock
▼ + stars: | 2024-04-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple's decision to cut more than 600 employees in California speaks to the challenges facing the technology titan and affecting its stock price — and why analysts are divided over its outlook. At the same time, reports suggest Apple is looking into building robots that help people with household tasks. Related storiesWorries that Apple has lost its way have weighed on its stock price. Even so, Apple is a mainstay of many stock portfolios and unlikely to fall much further, Craig Johnson, chief market technician at Piper Sandler, told Bloomberg.

Persons: —, Gene Munster, Dan Ives, Cook, Apple, Craig Johnson, Piper Sandler, Warren Buffett, they've, Johnson Organizations: Service, Apple, Business, Deepwater Asset Management, CNBC, Big Tech, Microsoft, Bloomberg, Berkshire Hathaway, Yahoo Finance Locations: California, China, Europe, Berkshire

☆ Some Tesla engineers are reportedly jumping ship to Elon Musk's AI startup
▼ + stars: | 2024-04-04 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

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

☆ Apple would be a 'horror show' if it 'actually spent money on robots', says Wedbush's Dan Ives
▼ + stars: | 2024-04-04 | 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 EmailApple would be a 'horror show' if it 'actually spent money on robots', says Wedbush's Dan IvesHosted 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, Brian Sullivan, “ Organizations: CNBC

☆ Tesla can turn around its 'trainwreck' quarter if Elon Musk stops his distractions and takes back control, Wedbush's Dan Ives says
▼ + stars: | 2024-04-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Elon Musk could turn around Tesla's 'trainwreck into a brick wall," Wedbush's Dan Ives said. But better days ahead will hinge on Musk reining in his distractions and retaking control, Ives said. AdvertisementTesla may be able to turn things around after seeing a "nightmare" first quarter, according to Wedbush's Dan Ives. That's made the first quarter an "unmitigated disaster" for Tesla, Ives said in a recent note, also describing the last quarter as a "black eye" and a "trainwreck into a brick wall" for Tesla. In terms of 1Q, this was just a massively soft quarter," Ives said to BNN Bloomberg on Wednesday.

Persons: Elon, Wedbush's Dan Ives, Tesla, Ives, —, That's, We've, BNN, It's, Elon Musk's, Musk, Wedbush, Wells Organizations: Service, Tesla, BNN Bloomberg, Elon, JPMorgan Locations: China, Texas, Delaware, Wells Fargo

☆ Noted Tesla bear says Musk's EV maker could 'go bust' and stock is worth $14
▼ + stars: | 2024-04-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.

Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome

DETROIT (AP) — Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to draw more buyers. In its letter to investors in January, Tesla predicted “notably lower” sales growth this year. In March it temporarily knocked $1,000 off the Model Y, its top-selling vehicle. During the quarter, Tesla lost production time in Germany after a suspected arson attack cut its power supply. But sales growth slowed toward the end of the year.

Persons: Tesla, FactSet, Dan Ives, ”, Elon Musk, ” Ives, Ives, Itay Organizations: DETROIT, Tesla, Citi, U.S, EV Locations: Austin , Texas, Fremont , California, Red, China, Germany

☆ Tesla first quarter deliveries were a 'disaster' and may mark turning point, Wedbush's Dan Ives says
▼ + stars: | 2024-04-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Tesla 's big miss on first-quarter deliveries is raising alarm even among some of the stocks most strident supporters. Wedbush analyst Dan Ives, a long-time optimist about the automaker and its CEO Elon Musk, delivered a harsh review of the results on Tuesday morning. "While we were anticipating a bad 1Q, this was an unmitigated disaster 1Q that is hard to explain away. Otherwise, some darker days could clearly be ahead that could disrupt the long-term Tesla narrative," Ives said in a note to clients. "For Musk, this is a fork in the road time to get Tesla through this turbulent period otherwise troubling days could be ahead," Ives added.

Persons: Tesla, Dan Ives, Elon Musk, Ives, Musk, Wedbush Organizations: optimist, Tesla Locations: Tesla's Berlin, Delaware, Texas

☆ Tesla faces a 'seminal moment' and darker days could be ahead, analyst says
▼ + stars: | 2024-04-02 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Tesla is at a fork in the road, and Elon Musk has to turn things around quickly, according to Dan Ives. The Wedbush Securities analyst said we're seeing "a seminal moment in the Tesla story" right now. Tesla shares fell Tuesday after the company delivered fewer cars in Q1 than analysts expected. AdvertisementTesla is facing a do-or-die moment after the "unmitigated disaster" that was its first quarter, one analyst says. Elon Musk's electric carmaker delivered about 386,800 cars in Q1, the company reported Tuesday, far fewer than Wall Street analysts expected.

Persons: Tesla, Elon Musk, Dan Ives, —, Elon Organizations: Wedbush Securities, Service, Wall Street, Business

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