UBS' John Lovallo: Underlying housing demand is still strong, affordability needs to improve
John Lovallo, UBS homebuilders analyst, and Logan Mohtashami, Housing Wire lead analyst, join CNBC's 'Squawk on the Street' to discuss outlooks on housing.
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Associated Press
21 minutes ago
- Associated Press
Musk says Tesla's robotaxi service to 'tentatively' launch in Austin on June 22
AUSTIN, Texas (AP) — Elon Musk says Tesla is 'tentatively' set to begin providing robotaxi service in Austin, Texas, on June 22. In a post on his X social media platform, Musk said the date could change because Tesla is 'being super paranoid about safety.' Investors, Wall Street analysts and Tesla enthusiasts have been anticipating the rollout of the driverless cabs since Musk said earlier this year that the service would launch in Austin sometime in June. Last month, Musk told CNBC that the taxis will be remotely monitored at first and 'geofenced' to certain areas of the city deemed the safest to navigate. He said he expected to initially run 10 or so taxis, increase that number rapidly and start offering the service in Los Angeles, San Antonio, San Francisco and other cities. Musk has been promising fully autonomous, self-driving vehicles 'next year' for a decade, but the pressure is on now as Tesla actually begins to operate a self-driving taxi service. Sales of Tesla's electric vehicles have sagged due to increased competition, the retooling of its most popular car, the Model Y, and the fallout from Musk's turn to politics. The Austin rollout also comes after Musk had a public blowup with President Donald Trump over the administration's tax bill. Some analysts have expressed concern that Trump could retaliate by encouraging federal safety regulators to to step in at any sign of trouble for the robotaxis.
CNBC
2 hours ago
- CNBC
Elon Musk says Tesla robotaxi rides in Austin 'tentatively' set to begin June 22
Tesla CEO Elon Musk said on Tuesday that his company's robotaxi service is "tentatively" set to launch in Austin, Texas, on June 22. In a post on X, Musk indicated that he's flying from Los Angeles to Austin for the kickoff, which he'd previously said would be sometime in June. When a commenter asked when public rides will start, Musk said the current plan is for June 22, and that the first ride from the factory to a customer's house will take place on June 28. "We are being super paranoid about safety, so the date could shift," Musk wrote. Earlier on Tuesday, Musk shared a video on X showing that Tesla was testing driverless vehicles on the roads of Austin without a human safety supervisor behind the wheel. The eight-second clip showed the latest version of the Model Y SUV, painted black with a white "Robotaxi" graffiti-style logo painted on it, navigating an intersection and pausing to allow pedestrians to traverse a crosswalk. Musk recently told CNBC's David Faber that Tesla will start with a very small rollout, including about 10 to 20 of its robotaxis, with a new, "unsupervised" version of the company's FSD or "Full Self-Driving" technology installed. The tests will involve the Model Y, not the futuristic looking CyberCab that Tesla plans to produce next year. Musk said Tesla will "geofence" the service, limiting where the robotaxis can initially operate, and that employees will remotely monitor the fleet.
Yahoo
2 hours ago
- Yahoo
Starbucks launching AI tool for baristas
DAYTON, Ohio (WDTN) — Starbucks will reportedly begin the implementation of an AI assistance tool for its baristas. The cafe company announced during its Leadership Experience session Tuesday that 'Green Dot Assist' is initially being introduced in 35 stores. CNBC reported the system is based from Microsoft Azure's OpenAI. Baristas will use an iPad in the store to use the system, which will reportedly 'help baristas in real time' with information needed like displaying beverage recipes, filing support tickets, identifying baristas to cover shifts, naming alternative ingredients, showing diagnostic videos and recommended items to upsell. New Starbucks barista dress code is a move protested by some According to the chain, the new technology will reportedly support baristas with beverage-making and customer interactions. 'With this new solution, we're simplifying access to essential information in the flow of work for partners, making their jobs a little easier while they build confidence and expertise,' said the company. Green Dot Assist is expected to begin 'a broad launch' of implementation in the fall at locations in the U.S. and Canada, according to the CNBC report. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
