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Rani Molla7/8/25

Ives: Tesla board must “act now and set the ground rules” around Musk’s political ambitions

Tesla bull and Wedbush Securities analyst Dan Ives is not pleased with Elon Musk’s latest political machinations and thinks Tesla’s board needs to step in. After Musk announced the formation of his new America Party and rekindled his beef with President Trump, the stock dropped about 7% yesterday, though it’s trading up slightly today. Ives said angering Trump by pushing a competing party is the last thing Tesla needs as it pursues its AI future.

“Tesla is heading into one of the most important stages of its growth cycle with the autonomous and robotics future now on the doorstep and cannot have Musk spending more and more time creating a political party which will require countless time, energy, and political capital.”

Ives called on Tesla’s board to create a new incentive-driven pay package that stipulates how much time Musk must spend at Tesla, along with an oversight committee to curb his political actions.

The board may have an uphill battle. Morgan Stanley analyst and Tesla bull Adam Jonas said today that “investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk’s political priorities which may add further near-term pressure to TSLA shares.”

Ives added that he expects Musk to be CEO until at least 2030 and to potentially merge Tesla with xAI to “create one of the most powerful AI companies in the world under one roof over the next 12 to 18 months.”

Update: Ives shared his thoughts on X. Elon responded.

IvesMusk

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Meta is testing out premium subscriptions on Instagram, Facebook, and WhatsApp

Ahead of its earnings, expected after the bell today, Meta has announced plans to trial a paid tier on its apps.

Meta Apps - Facebook, WhatsApp, Instagram, and Threads

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Amazon cuts another 16,000 roles, after laying off 14,000 workers in October

Amazon announced Wednesday that it was cutting 16,000 roles across the company, having laid off 14,000 workers only ~3 months ago.

“As I shared in October, we've been working to strengthen our organization by reducing layers, increasing ownership, and removing bureaucracy,” Senior Vice President of People Experience and Technology Beth Galetti wrote in a press release. “While many teams finalized their organizational changes in October, other teams did not complete that work until now.”

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm – where we announce broad reductions every few months. That’s not our plan.”

Update on our organization

Update on our organization

CEO Andy Jassy previously said that the October layoffs were “about culture” rather than AI-related cost cutting. Galetti says layoffs, now totaling 30,000, won’t become a regular occurrence.

“Some of you might ask if this is the beginning of a new rhythm – where we announce broad reductions every few months. That’s not our plan.”

tech

Anthropic reportedly doubles current fundraising round to $20 billion

Anthropic has doubled its current fundraising round to $20 billion on strong investor demand, according reporting from the Financial Times. The new fundraising round would value the company at a staggering $350 billion. That’s up 91% from September, when it raised at a valuation of $183 billion.

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

Anthropic doubles VC fundraising to $20bn on surging investor demand

Anthropic doubles VC fundraising to $20bn on surging investor demand

The company reportedly received interest totaling 5x to 6x its original $10 billion fundraising goal, and it’s expected to haul in several billion more than that tally before the current round closes.

Anthropic’s success with enterprise customers and the popularity of its Claude Code product are boosting the company’s momentum as it chases the current valuation leader of the AI startup pack: OpenAI.

Produce At Whole Foods Market's Flagship Store

Amazon says it’s doubling down on opening Whole Foods stores. That sounds familiar.

The company says it’ll open 100 Whole Foods locations in the next few years. That sounds similar to plans Whole Foods’ CEO laid out in 2024 for opening 30 stores a year. Since then, it appears to have added 14, total.

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