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Seeking Alpha’s roundup of statements and remarks by newsmakers that could potentially move markets, sectors or individual stocks.
- Elon Musk told reporters Tuesday that he plans on remaining CEO of Tesla (TLSA) for at least another five years. Musk made his remarks during an interview with Bloomberg at the Qatar Economic Forum in Abu Dhabi. He added that he believes Tesla (NASDAQ:TSLA) has already “turned around,” noting the Europe was still its weakest market.
- During the same interview, Musk also said he intends to push ahead with his lawsuit against OpenAI. Musk, a co-founder of the AI company, has been fighting to keep it from transitioning from a non-profit into a for-profit entity.
- Musk also said during the interview with Bloomberg in Abu Dhabi that SpaceX (SPACE) has no plans to get into the military drone business. “SpaceX doesn’t do drones. It builds rockets, satellites, and Internet terminals,” Musk told Bloomberg.
- Home Depot (NYSE:HD) CFO Richard McPhail said Tuesday that his company doesn’t intend to raise prices to offset higher tariffs on imported goods. “Because of our scale, the great partnerships we have with our suppliers and productivity that we continue to drive in our business, we intend to generally maintain our current pricing levels across our portfolio,” McPhail told CNBC in an interview.
- JP Morgan (NYSE:JPM) CEO Jamie Dimon said his bank will finally allow clients to buy bitcoin. “We are going to allow you to buy it,” Dimon said at JP Morgan’s annual investor day event on Monday, according to CNBC. “We’re not going to custody it. We’re going to put it in statements for clients.”