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Tesla mega-bull Dan Ives warns ‘the clock struck midnight’ for Elon Musk as he begs CEO to step back from DOGE

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  • Investors’ patience in Tesla has run out, Wedbush Securities analyst and longtime Tesla supporter Dan Ives argues. Musk’s continued role in the Trump administration has led protestors to vandalize or return their Teslas, and meanwhile led investors to believe the CEO is distracted and uncommitted to the EV-maker’s brand improvement.

One of Tesla’ biggest champions has doubled down on his wake-up call to Elon Musk, calling on the CEO to return to the helm of the limping EV-maker.

Dan Ives, managing director at Wedbush Securities and a longtime Tesla mega-bull, continued his warnings to Musk from last week, saying in a Wednesday note that the limited brand damage Tesla has experienced to date has now escalated into “a brand tornado crisis moment for Musk and Tesla.”

“The clock struck midnight,” Ives told Fortune. “Investor frustrations boiled over, and the more Tesla becomes a political symbol, the worse it is to the brand and the stock.” 

The so-called vortex picked up speed earlier this month, when Tesla recorded its worst single-day sell off, losing $127 billion in market value. Beyond facing stiff competition from China, where EV-makers boast more affordable cars, faster charging, and more impressive automated driving, Tesla has also been battered by criticism of Musk’s heavy involvement in President Donald Trump’s administration. Musk’s role in the government has, at best, alienated potential customers and, at worst, sparked fervent protests, with some vandalizing cars and setting charging stations aflame.

In a show of solidarity with Musk, Trump promised to buy a Tesla and held an event featuring the cars on the White House lawn. Ives called this “great political theater,” but also a double-edged sword. “It does not resolve the current brand/demand problem for Musk and Tesla,” he said in his note to investors, “and in some ways makes it more of a political lightning rod issue for Tesla.”

After Musk told Fox News his plans to work with the Trump administration for another year, despite admitting he’s running his swath of companies—from Tesla to X—“with great difficulty,” Ives gave Tesla some rare “tough love.” He called on the CEO to return to the helm of his company, lest a contained brand setback became a free fall.

Tesla did not respond to Fortune’s request for comment.

Avoiding ‘permanent brand damage’

Since Ives’ initial plea, Tesla’s fortunes have not reversed, leading the analyst to continue to petition Musk to change the company’s course. In the past five days, Tesla stock has continued to slump about 4.5%. 

The cycle of Tesla woes followed by support from the Trump administration continued anew this week: The EV-maker agreed to recall all 46,100 of its Cybertrucks over concerns of glue becoming brittle and potentially causing the car’s stainless steel panels to fall off. Commerce secretary Howard Lutnick came to Musk’s aid, urging Americans in a Wednesday Fox News interview to scoop up Tesla stock, as “it will never be this cheap again.”

While longtime investor Ross Gerber urged Musk to either step up or step away and find a different “suitable CEO” to run the company, Ives stopped short of calling for a changing of the guard at Tesla. Instead, Ives believes Tesla’s brand is inextricable from Musk. He proposed Musk take a step back from DOGE to resume his leadership role at Tesla in earnest. The CEO will need to prove he can produce lower-cost vehicles and deliver on years-in-the-making self–driving technology.

“If he does this, the heat from Musk around DOGE will start to dissipate among most of the critics and this will leave a scar for Tesla,” Ives said, “but not permanent brand damage.”

Ives maintained Tesla’s “outperform” stock rating, estimating the car maker’s stock to double its worth over the next 12 months to $550, but said the company’s future rests on Musk’s shoulders alone.

“Let’s call it like it is: Tesla is going through a crisis and there is one person who can fix it,” Ives said. “Musk.”

This story was originally featured on Fortune.com



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Expert blames phones as a driving factor for the declining birth rate that Elon Musk warns could lead to human extinction

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The world’s population apex is in sight. 

The United Nations predicts the global population will peak at 10.3 billion by the mid-2080s and cap off. Once speculated to be centuries away, the peak is now within grasp due to declining fertility rates across the world. 

Last year, the U.S. fertility rate hit a historic low. Between 2014 and 2020, the fertility rate consistently decreased by 2% each year, according to the U.S. Centers for Disease Control and Prevention (CDC). Most notably, women between the ages of 20 and 39 are not having as many children as prior generations. 

The economy has shouldered most of the blame for declining fertility rates. Having children is an expensive endeavor—and the tough housing market, a lack of universal paid family leave, and a shortage of affordable child care are not helping. Additionally, more people are marrying later in life than generations prior and having fewer children as a result. 

However, Alice Evans, a social scientist at King’s College London, believes the baby bust is credited to something else entirely because the decline is consistent across vastly different economic landscapes. 

So what can we attribute it to? More people are staying single—thanks to the phone. 

“I think the big change that we see across the world, all at very different levels of income, is the massive improvement in hyper-engaging online entertainment: TikTok, video games, Call of DutyWorld of WarcraftBridgerton, Netflix,” Evans says on Vox’s Today Explained podcast to host Noel King. “…these pronatal incentives of saying $2,000, $5,000 to have an extra child, they’re simply too small if the prior constraint is that most people are increasingly single.”

Over half of 18 to 34-year-olds are not in committed relationships, she points out. While Evans doesn’t decry singledom becoming more culturally “permissible,” she places the onus on the phone. 

“Why venture out when everything is at your fingertips, from Netflix to Zoom meetings?” she says on the podcast. Evans sees the influence the digital landscape has on socialization across the countries where she has conducted research. “And so we see tracing the data over time that there is growing isolation. Young people are spending much more time alone.” 

Marrying the screen, so to speak, is much more of a viable explanation than focusing on blaming women’s singleness and growing influence in the workforce, the rhetoric men on the right like Elon Musk and Vice President J.D. Vance have capitalized on as part of their pronatalist message, Evans adds. The decline also doesn’t have to do solely with the high price of having and raising a child. 

“I think the conservative right in the U.S. will blame childless cat ladies, right? So they’ll say that, yes, women are overeducated, they’re living with their cats, and they’re very, very selfish,” Evans says on the podcast. “That theory has two major omissions, because the collapse in fertility is happening at vastly different political economies … So it’s not just about these overeducated women pursuing their careers. Also, there’s also a class-based variation. The U.S. right tends to blame these overeducated women—in Sweden and in Finland, the rate of childlessness is actually among the most disadvantaged people. They’re least likely to have children.”

Evans argues that the decline in fertility is traced back to the growing loneliness epidemic. Former U.S. Surgeon General Dr. Vivek Murthy said Gen Z is “particularly hard hit” by loneliness, propelled by growing screen time. A 2023 consumer study found that Americans are “50% human and 50% technology.” One analysis found adults may spend an average of 17 years of their lives on screens—nearly two decades that could be arguably spent meeting new people. 

What’s next? Evans says community-level interventions may be at the forefront. 

“My interviews suggest that if people aren’t spending time socializing, then they’re not necessarily developing the capacity to bond and charm and woo … Let’s have a range of pilot initiatives to build community groups, to build local clubs and societies, to support communities so that people can mix and mingle and fall in love.”

For more on Gen Z, screen time, and loneliness: 

This story was originally featured on Fortune.com



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Sam Bankman-Fried parts ways with ‘Diddy’ as feds transfer crypto conman from Brooklyn prison to Oklahoma

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The former CEO of the failed crypto exchange FTX is on the move. Sam Bankman-Fried is now in a federal transfer center in Oklahoma City, according to the Federal Bureau of Prisons. The facility is often used for inmates moved across the country. The one-time crypto mogul has asked to be in a prison in California near where his parents, Joseph Bankman and Barbara Fried, live.

A lawyer for Bankman-Fried didn’t immediately respond to a request for comment.

Bankman-Fried was previously on the fourth floor of Brooklyn’s Metropolitan Detention Center in a section reserved for high-profile inmates like Sean “Diddy” Combs and Luigi Mangione. He had been in the facility since August 2023, when a judge revoked his bail after he allegedly tampered with a government witness. He was sentenced to 25 years in prison in March 2024 for defrauding FTX customers and investors.

Bankman-Fried’s move across the country follows a recent media blitz in which he spoke with a reporter from the New York Sun, had someone from his inner circle post his musings from prison to his X account, and conducted a interview with Tucker Carlson, the former Fox News host who now has his own online show. None of these activities were authorized by prison officials and, in the case of the Carlson interview, he misused a Zoom platform set up for inmates to confer with their lawyers.

The latter stunt landed Bankman-Fried one day in solitary confinement, but that’s likely only the beginning of an investigation from the Bureau of Prisons, which would ultimately result in “sanctions,” or punishments, according to three federal prison consultants who spoke with Fortune. These range from the loss of phone privileges to more severe penalties like increased time in prison.

Bankman-Fried’s media blitz comes as the former FTX CEO is apparently lobbying, with the help of his parents and friends, for a pardon from President Donald Trump. The former FTX CEO wouldn’t be the first white-collar criminal the White House has set free. Ross Ulbricht, the founder of the dark web marketplace Silk Road, was granted a pardon in January. And, on Thursday, Trump pardoned Trevor Milton, the founder of the bankrupt trucking startup Nikola, who was serving prison time for securities fraud.

This story was originally featured on Fortune.com



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Publishers, journalists and film producers attack copyright plans for EU AI Act

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