Tag Archives: CEO

Tesla CEO Elon Musk would ‘be silly’ to slash prices again, analyst says

Tesla CEO Elon Musk would ‘be silly’ to slash prices again, analyst says

Investors are hoping Tesla’s (TSLA) price-cutting ways have run their course for 2023. “Based on the statement that [Elon Musk] made on the fourth quarter earnings call, saying that his demand is 2x his supply, you’d be silly to cut price,” BofA analyst John Murphy on Yahoo Finance Live (video above). “You would just be eating into your profitability and not achieving any more incremental volume in the near term.” Earlier this month, Tesla cut the Model 3 base version by $3,000 to $43,990. The… Source link

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Apple’s Tim Cook is ‘a Hall of Fame CEO’ who will avoid layoffs, analyst predicts

Apple’s Tim Cook is ‘a Hall of Fame CEO’ who will avoid layoffs, analyst predicts

Don’t expect a mass layoff announcement from Apple (AAPL) despite global economic weakness weighing on iPhone and Mac sales, says Wedbush tech analyst Dan Ives. That’s in large part because Apple CEO Tim Cook didn’t overhire during the pandemic, unlike many of Apple’s rivals. “Apple never hired at the pace of these other tech giants,” Ives said on Yahoo Finance Live (video above). “You’ll see cost-cutting around the edges, but Cupertino — I mean, they’re tacticians…I think it just shows… Source link

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Google CEO Sundar Pichai may take a pay cut, executive bonuses to be cut

Google CEO Sundar Pichai may take a pay cut, executive bonuses to be cut

Google recently announced the largest-ever layoffs in the company’s 25-year history. The company is cutting 12,000 jobs, or roughly 6% of its full-time workforce. Days after the announcement, Google executives including CEO Sundar Pichai defended the job cuts during a companywide town hall. Pichai said that he consulted with the founders and controlling shareholders, Sergey Brin and Larry Page, as well as the board of directors about the layoffs. During the address Pichai indicated there… Source link

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