Latest news with #DavidFaber
Business Insider
24-05-2025
- Business
- Business Insider
Nippon approved to buy U.S. Steel for $55 per share, CNBC's Faber says
CNBC's David Faber said via X, 'Nippon Steel (NPSCY), after a lengthy political battle, gets the approval to acquire U.S. Steel (X) for $55 a share and a lot more in promised investment.' Shares of U.S. Steel are up 4% in after-hours trading to $53.97. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
CNBC
21-05-2025
- Automotive
- CNBC
The 'Investment Club' debates about where Tesla's stock goes from here
The Investment Committee discuss David Faber's interview with Elon Musk yesterday, where the Tesla CEO predicted to have hundreds of thousands if not over a million self-driving Teslas in the U.S. by the end of 2026.
CNBC
21-05-2025
- Automotive
- CNBC
Watch part 2 of CNBC's interview with Tesla CEO Elon Musk
Tesla CEO Elon Musk joins CNBC's David Faber to discuss the company's autonomous vehicle ambitions, the logistics behind them, AI, brand damage, China, Optimus robots, and much more.
Business Insider
21-05-2025
- Business
- Business Insider
Elon Musk says he isn't ruling out merging xAI and Tesla
"Well, I guess anything is possible," Musk told CNBC show host David Faber in a two-part interview, when asked whether Musk would ever consider merging xAI into Tesla as a way to gain more control over the EV company. "There are no plans to do so," Musk said. "It's not out of the question, but obviously it would require Tesla shareholder support." Musk launched xAI as a startup in 2023. The company acquired X, his social platform formerly known as Twitter, in an all-stock transaction valuing xAI at $80 billion and X at $33 billion in March. The AI chatbot Grok was also introduced to X and trained in part on the social media platform's data. Elon Musk said in the Tuesday interview that Tesla and xAI will continue sourcing AI chips from Nvidia and AMD. He told Faber that xAI has deployed 200,000 GPUs at its Colossus facility in Memphis and plans a 1 million-GPU site nearby, but he did not disclose any specific chip orders. Based on documents previously viewed by Business Insider, xAI is also spending at least $400 million on building a supercomputer in Memphis, and may encounter difficulties because the city's power grid might not yet be capable of powering a project of that magnitude. Following the CNBC appearance, Tesla shares saw a 0.5% boost at market closing time compared to the day before, but dipped slightly in after-hours trading. Though Tesla stocks have been on the rise in May since Musk said he would leave DOGE, the EV company's shares are still at around 10% down compared to where it was on January 2 this year amid struggling Q1 sales and declining confidence in Musk's priorities.
CNBC
20-05-2025
- Automotive
- CNBC
CNBC Media Alert: Elon Musk to Sit Down with CNBC's David Faber Live on CNBC Today at 2PM ET
WHEN: Today, Tuesday, May 20, 2025 WHERE: CNBC's "Power Lunch" CNBC's David Faber will speak with Elon Musk, Tesla CEO, SpaceX CEO, xAI CEO & X Owner, on "Power Lunch" (M-F, 2PM-3PM ET) today, Tuesday, May 20 at 2PM ET from Tesla's headquarters. The interview will include an exclusive look at Tesla's advancements in autonomous driving, robotics, and more live from Austin, TX. Transcript to follow the interview. For more information contact: Jennifer Dauble CNBC t: 201.735.4721 m: 201.615.2787 e: Stephanie Hirlemann CNBC m: 201.397.2838 e:
