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CBS News
an hour ago
- CBS News
Tesla sales tumble amid Musk backlash and mounting competition
Tesla's U.S. sales slumped in the second quarter as mounting competition and signs of backlash against founder CEO Elon Musk chipped away at the electric vehicle maker's lead in the segment. Vehcle sales fell to 384,122 in April through June, a more than 13% drop from 443,956 in the same period last year. Sales of the company's Models 3 and Y totaled 373,728, above the estimate of 356,000 from Wall Street analysts. The decline comes amid renewed friction between Musk and President Trump this week, with the billionaire entrepreneur blasting the Republican tax and spending bill passed by the Senate on Tuesday. Musk has acknowledged that his work as head of the Department of Government Efficiency and his embrace of European far-right candidates have hurt the company. But he attributed much of the sales plunge to customers holding off while they waited for new versions of Tesla's best selling Model Y, and recently predicted a major turnaround in sales. Tesla sales across Europe plummeted by almost 50% in April even as the broader market for electric cars saw growth in the region, according to data released by the European Automobile Manufacturers' Association in May. At the same time, sales of battery-electric vehicles by all manufacturers rose about 28%, the group's data shows. Despite the sales slump, Wedbush analyst Dan Ives thinks Tesla is well-positioned for future growth, pointing to the company's push into self-driving vehicles. Tesla in June started testing a "robotaxi" service in Austin, Texas, and is investing heavily in autonomous driving technology. "Autonomous remains the biggest transformation to the auto industry in modern day history, and in our view Tesla will own the autonomous market in the U.S. with the initial launch of unsupervised [full self-driving] in Austin," he said in a note to investors. Tesla's stock price rose $13, or 4%, to $309.30 in morning trade on Wednesday.
Gizmodo
an hour ago
- Gizmodo
A ‘Cheap' MacBook With an iPhone Chip Could Bring Battery Life Like We've Never Seen Before
There's an Apple rumor going around that I can't stop musing about. (No, it's not about a foldable iPhone.) It's for a low-cost 13-inch MacBook that could cost hundreds of dollars less than Apple's current $999 13-inch M4 MacBook Air. Noted tech analyst and supply chain sleuth Ming-Chi Kuo of TF International Securities said on Sunday that Apple is working on a 13-inch laptop powered by an A18 Pro chip. The tech blogosphere immediately erupted with skepticism that Apple would use a chip that powers the current iPhone 16 Pro and 16 Pro Max in a MacBook. It would be an insult to consumers who expect a desktop-class chip inside of laptop, not an equally powerful processor made for phones! Except, it wouldn't be stupid. While I would love Apple to revive its discontinued, two-pound 12-inch MacBook with an M-series chip (even with a five-year-old M1 chip), selling a low-cost MacBook with an iPhone processor makes a whole lot of sense. Former Macworld Editor-in-Chief and independent Apple pundit Jason Snell put it into perspective best with his handy charts on his blog Six Colors: As Snell notes, Apple's A18 Pro chip is '46% faster than the M1 in single-core tasks, and almost identical to the M1 on multi-core and graphics tasks.' For general laptop tasks like browsing the web, watching videos, and messaging, the iPhone chip would be more than sufficient. Besides potentially costing less than the $999 M4 MacBook Air—many believe this new low-cost MacBook could replace the $650 Walmart-exclusive M1 MacBook Air—there could be some major upsides to using a phone chip inside of a laptop. Allow me to get nerdy for just a second: The A18 Pro chip is built with a 3-nanometer (nm) process compared to the M1's 5nm. The newer node process means there are more transistors on the chip. More transistors mean more performance; the newer and smaller process means lower power efficiency. Put them together, and you get a killer combo for good-enough performance with potentially even longer battery life. For most people who don't need a beefy GPU for heavy workloads like gaming, 3D modeling, or AI, laptop performance has been offering diminishing returns for years now. What people want most is longer battery life so that they don't need to plug in as frequently. Imagine for a minute if Apple decided to tout class-leading battery life with even longer hours than its own M4 MacBook Air. What if such a MacBook had a full day of battery life or days of battery life from a single charge? And if Apple can package that in a clamshell design that's even thinner and lighter and costs less? And then sell them in more fun colors like 'silver, blue, pink, and yellow,' as Kuo says Apple is considering? Oh man, you've got a recipe for a laptop that would crush sales. And crush sales, Apple reportedly needs to do. Kuo says that this low-cost MacBook could help Apple return to its peak of shipping around 25 million MacBooks annually. Snell does note one downside to using the A18 Pro chip if Apple decides to go that route: the laptop would likely only support USB-C data speeds and not faster Thunderbolt. That's just the limitation of the A18 Pro chip spec versus an M-series chip. The tradeoff for incredible battery life and an affordable price would be worth it, though.
Forbes
an hour ago
- Forbes
Intel Just Blinked—And It Could Mean A Breakup Is Coming
29 April 2025, USA, San Jose: Lip-Bu Tan, Chief Executive Officer of Intel, appears at an event ... More organized by the company. Photo: Andrej Sokolow/dpa (Photo by Andrej Sokolow/picture alliance via Getty Images) Most investors chase headlines. I follow behavior. Today, Intel said more about the true state of its business—not in a press release, but in a quiet strategic walk-back that most will miss. Is Intel going for a breakup? Reuters reports that Intel's new CEO is contemplating abandoning efforts to promote its highly anticipated 18A chip technology to external customers, despite having already invested billions in its development and promotion. On the surface, it's a shift in product focus. But beneath this shift, it reveals a deeper behavioral insight. What Just Happened: Inside Intel's Foundry Shift Intel envisioned its 18A chip node as the breakthrough technology that would spearhead its return to advanced chip manufacturing and secure foundry contracts from hyperscalers such as Apple, Amazon, and Nvidia. Now? Intel is quietly shelving it. Instead, Intel will pivot external customers to its newer 14A process, effectively cutting its losses and leaning into a more focused narrative: fewer bets, better execution. At the same time, the company is shuttering its automotive chip division, laying off staff across its foundry unit, and simplifying decision-making inside the fabs. That's not cost-cutting. That's positioning. This action isn't an isolated move; it's a pattern. And patterns in corporate behavior often preceded structural change. Why It Matters: This Isn't Just Capital Discipline—It's Strategic Humility To the average investor, the move looks like textbook discipline: cut a struggling initiative, refocus on core customers, and redeploy capital more efficiently. But for those of us who study special situations, spinoffs, and corporate behavior, it signals something deeper. This isn't just strategy, it's a reset in how Intel thinks. This isn't just about a product pivot. It's a behavioral inflection point—and the kind that often comes before structural change. The Setup: Is Intel Laying The Groundwork For A Breakup? Let's be clear: Intel hasn't announced a spinoff. There's no Form 10, no S-1, and no public timeline to separate the foundry business—yet. But in my experience, corporate breakups don't start with filings. They start with behavior. And right now, Intel is moving like a company preparing to split. Here's what I'm watching: Breakup isn't just about unlocking value. They're about rebuilding trust. Intel isn't there yet—but it's signaling to investors: We've heard you. We're cleaning the house. Stick with us. And for special situation investors, that's a setup worth tracking closely. The Investor Angle: Is This An Opportunity Or A Warning? Intel remains a complex name. But this foundry pullback offers three critical insights for investors watching through a special situation's lens: For now, the situation is not a trigger. But in my experience, the best setups don't come labeled. You need to delve deeper into the details. Special Situations Start Subtly After nearly two decades studying breakups, restructurings, and hidden value plays, one thing is clear: they rarely start with headlines. They start with quiet decisions, internal shifts, and changes in incentives, not narratives. Intel's foundry pivot might not spark a re-rating tomorrow. But for investors who track structural change, this is the kind of move that matters. It's not the event, it's the signal. Flag it. Log it. Watch it. An Intel breakup may be coming. The author owns Intel stock.
