CNBC's Faber says they've heard nothing to support the pursuit of the SpaceX and Tesla (TSLA) merger, CNBC reports
Newsquawk Staff ·
CNBC's Faber says they've heard nothing to support the pursuit of the SpaceX and Tesla (TSLA) merger, CNBC reports.
What it means
The report suggesting that there's no groundwork for a merger between SpaceX and Tesla indicates that recent speculation may have been overblown. This news is likely to quell excitement around TSLA shares and may serve as a reality check for investors, impacting sentiment in the broader equity space. Watch for potential volatility in TSLA as the market digests this clarification.
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings
- Verisk (VRSK) integrates insurance intelligence with Amazon (AMZN) and Microsoft (MSFT) AI platforms
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios
- T-Mobile (TMUS) CEO to step down from the board
- US PRE-MARKET MOVERS: SKHY, NXPI, ENPH, APH, GOOGL, HOOD, PPG, VRT, GEV, GEHC, BSX, ETSY, WEN, V
Related headlines
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler2 hours ago
- GE Healthcare Technologies Inc. (GEHC) Q3 (USD): Adj. EPS 1.34 (exp. 1.20), Revenue 5.5bln (exp. 5.35bln), Adj. EBIT 913mln (exp. 838.8mln)4 hours ago
- Biogen Inc. (BIIB) Q3 2026 (USD): Adj. EPS 2.62 (exp. 1.98), Revenue 2.8bln (exp. 2.63bln). Raises lower end of FY26 diluted EPS guidance to USD 12.20-13.00 (exp. 12.23, prev. 12.00-13.00)4 hours ago
- Apple (AAPL) is set to unveil 14‑inch and 16‑inch touch MacBooks on Wednesday and discussed charging USD 2,899 for the new 14-inch touch Mac, while touch-screen Macs will be its priciest laptops16 hours ago
- Baker Hughes (BKR) Q3 (USD) EPS 0.70 (exp. 0.64), rev. 8.03bln (exp. 7.78bln)17 hours ago
- Major US technology company selects Baker Hughes’ (BKR) power generation and cooling solutions to scale high-density AI compute18 hours ago
- Stellantis (STLAM IM) earnings call summary: Co. firmly believes will beat initial goal of EUR 2.4bln cost savings in 20272 hours ago
- Mercedes-Benz Group (MBG GY) CEO says the Co. is preparing a broader strategy update covering 2030 and beyond, with China remaining a core pillar of its long-term plans3 hours ago
- Canada's Competition Bureau says proposed arrangements between Air Canada and United Airlines (UAL) would lead to higher prices, with the Transport Minister set to review the findings of its investigation34 min ago
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports35 min ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)2 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call3 hours ago
- Daily US Conference Calendar - 28th October 2026: JNJ, BA, CAT3 hours ago
- Etsy Inc. (ETSY) Q3 2026 (USD): EPS 1.00 (exp. 0.77), Revenue 692mln (exp. 668mln)3 hours ago
- Etsy (ETSY) CFO Baker is to leave on March 1st 2027, will remain an advisor through July 1st 20273 hours ago