that's according to tech analyst dan ives from wedbush securities. it's big.fter china is significant. i think it shows a new era, especially on the gaming side, now that activision is under the microsoft umbrella. how big is the chinese market that they're going after? i mean, this could be massive. i mean, when you think of it from a gaming perspective, this could incrementally add ten, 15% additional revenue opportunity for microsoft when it comes to blizzard and it comes to these games. i mean, it's been a missing piece in the puzzle. and i think when microsoft went after activision, this was one of the strategic what i view as areas that they needed to focus on. and it's a check the box for nadella and redmond. now the netease in blizzard deal on war of warcraft and some other popular games broke down last year over intellectual property and control issues. is it likely that this pending resolution will sort of set the model for gaming access into china going forward? i think that's really the talk in the gaming world. i mean, this is this is pivotal. it'

dan ives from wedbush securities blamed rising ev competition and a lingering price war for the challengeshat the company faces in that market. the gloomy outlook, well, it's driven tesla's stock down roughly 30% since the start of this year. still one bright spot — it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. here are some of them might have, tesla and other makers of electric vehicles — the senior minister in the indian government in charge of road transport has said that the country will have no diesel or petrol vehicles in the future. but the minister didn't give any timeframe for this and vicious target now the bbc explains a — how it will be to achieve this goal. the minister making his comment was because of the press trust of india are prominent international news agency what is said that he wanted to get rid of the nearly 360 million petrol and diesel cars are from indian roads. but surprisingly, the minister didn't say by when the government was planning to do t

dan ives from wedbush securities blamed rising ev competition and a lingering price war for the challengese company faces in that market. the gloomy outlook, well, it's driven tesla's stock down roughly 30% since the start of this year. still one bright spot — it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. they could be none of bright spot and that might help tesla and other makers of electric vehicles. senior minister in the indian government in charge of a transportation asset the country will have no diesel or petrol vehicles in the future. but the minister didn't give any timeframe to fulfil this ambitious target, the bbc explains how challenging it would be to achieve this target. would be to achieve this taruet. ~ , ., ~ target. the minister making these comments _ target. the minister making these comments while - target. the minister making - these comments while speaking to the press trust of india, a news agency, when he said that he wanted to get rid of the nearl

dan ives from wedbush securities blamed rising ev competition and a lingering price war for the challengest the company faces in that market. the gloomy outlook, well, it's driven tesla's stock down roughly 30% since the start of this year. still one bright spot — it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. shares of donald trump's social media company plunged 21% on monday. the drop wiped out the gains from its debut last week. it comes after the company disclosed it recorded 58 million dollars in losses last year and admitted it would struggle to meet its financial liabilities going forward. let's turn to china now because later this morning, shares of the chinese property giant country garden will be suspended from trading in hong kong. it comes after the company pushed back publishing its annual results. the firm told the hong kong stock exchange that it needed more time to collect information and make judgements. so how did one of china's biggest companies get into

wedbush securities at 11:40 a.m. sydney time. antony blinken is due in saudi arabia for talks with regional counterparts on the israel-hamas war. wrapping up two days of sometimes confrontational talks with the chinese president wanting not to target china saying the two partners should be pals, not rivals. >> if we do not see a change, we will impose sanctions on more than 100 chinese entities and are fully prepared to act, take additional measures, and i made that very clear in my meeting today. haidi: russia says ukrainian drones attacked an oil refinery in the south because of the fire, which partially suspended operations. the facility is among multiple refineries targeted by kyiv. the latest attacks follow a heavy missile barrage which targeted defense and revelry infrastructure. we will have more coming up with a comes to antony blinken's visits to china in the middle east. bonnie glaser joining us at 10:30 a.m. sydney. annabelle: we have japan's oldest vc firm closing in the targeted trip of the value of its of investment

dan ives from wedbush securities blamed rising ev competition and a lingering price war for the challengesthe gloomy outlook, well, it's driven tesla's stock down roughly 30% since the start of this year. still one bright spot — it looks poised to retake the title of largest ev maker in the world from chinese rival byd, which on monday said it had sold around 300,000 evs during the quarter. and here's something that might help tesla and other makers of electric vehicles. a senior minister in the indian government, in charge of road transport has said the country will have no diesel or petrol vehicles in the future. but the minister didn't give any timeframe to fulfil this ambitious target. the bbc�*s arunoday mukharji explains how challenging will it be to achieve this target. the minister making these comments while speaking to the press trust of india prominent national news agency said he wanted to get rid of the nearly 360 million petrol and diesel cars from indian roads. surprisingly the minister did not say by when the government was planning to do this and any kind of ambitious targ

wedbush securities holding a rating on tesla despite what they call a train wreck first quarter.e asking the managing director why he is optimistic on that stock. this is bloomberg. ♪ haidi: risk off sentiment taking hold in the asian session. downside there for the neck a 225. up by 1%. weakness being sustained in the yen at past that 151 level. not helping out too much despite the benefit to those trade related names. the cost be down by over 1%. we are watching the impact when it comes to tesla supplies in particular. we will be getting more on that story and just a moment. the ev names, trying to weigh up the big differences that we see in those tesla numbers and the numbers which were much brighter for a lot of the chinese ev makers. taking a look at what we were watching and australia and new zealand. broad downside. in australia, commodity names outperforming. some commodities have been rallying on the expectation that we will be seeing elevated rates for longer. particularly for the fed and potentially for the r.b.i. as well. oil performing for another day. that is being

wedbush securities accuse all of a sudden being too bearish on the china story.ple. it is one of the laggards in mag seven, this year down 10%. this will not take us to $4 trillion as wedbush securities suggested it would make in market cap, is it? mandeep: the china revenue, 20% they have with china, that will continue to go down. clearly they have a lot to do on the supply chain side in terms of relocating the supply chain. with apple, it will take a while in terms of the revenue lift. they are the only hyper scaler growing single digits when you compare them to alphabet, meta. apple has their unique challenges when it comes to especially the revenue side and the china exposure they have. that will not go away regardless of what they do on the ai front. annmarie: the wall street journal reporting that china is telling telecom company that they need to ditch u.s. chips. we see the likes of intel, amd down in the premarket based on this report. how big of an impact will that mean for them in terms of earnings, how big of a blow could this be? mandeep: the kind of

i am joined by daniel ives, wall street tech analyst and a managing director at the wedbush securities —— it's the heart and lungs of the growth. this is a key ingredient in the success for elon musk and china. this is a potential watershed moment. ., this is a potential watershed moment-— this is a potential watershed moment. ., , , , moment. how significant is this visit, then? _ moment. how significant is this visit, then? this _ moment. how significant is this visit, then? this is _ moment. how significant is this visit, then? this is massive. . moment. how significant is this i visit, then? this is massive. that's wh think visit, then? this is massive. that's why think it — visit, then? this is massive. that's why think it was _ visit, then? this is massive. that's why think it was a _ visit, then? this is massive. that's why think it was a secret _ visit, then? this is massive. that's why think it was a secret and - why think it was a secret and everyone was shocked. musk actually touched down in beijing. what you really see here in this geopolitical battle, china wants musk as m

long-time bull on the stock from wedbush securities managed director of equity research.ou wrote very quickly. let's call it as it is. while we were anticipating a bad quarter this was an unmitigated disaster. first quarter deliveries was a nightmare quarter for tesla, you wrote. elon is pressured by the street and china demand remains soft and you also say in this case criticism is warranted. but then i end you still have an outperform rating and i wonder why. >> for the long term, in terms of the actual opportunity for ev, for full self-driving, for autonomous, that's still there. let's just call it no smoke and mirror. if you looked up trainwreck in the dictionary you would see a picture of tesla's 1 q quarter. i think the big problem is deliveries. how do you reverse the trend? that's why i believe this is a fork in the road. in other words, musk either turns this around whether it's cutting prices, put the strategy in place, or david, i think we sit here and maybe three, four quarters from now, this is actually a seminole moment and what could be darker days ahead if