TSLA Jun 2024 1080.000 call
| Previous close | 246.23 |
| Open | 246.11 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 1,080.00 |
| Expiry date | 2024-06-21 |
| Day's range | 246.11 - 246.23 |
| Contract range | N/A |
| Volume | |
| Open interest | 121 |
- Yahoo Finance Video
Tesla's growth plan may be adding 'too much hope': YouTuber
Tesla (TSLA) stock is running up as 12% in Wednesday's market session even though the EV maker reported a first-quarter earnings miss on its top and bottom lines. Tesla CEO Elon Musk's comments on the earnings call seem to be the main catalyst driving shares higher as he hinted that affordable electric vehicles from the company could be on the horizon. Although many Wall Street teams are skeptical of the timely release of a cheap EV from Tesla, Kevin Paffrath — a financial analyst and YouTuber who posts content on his channel "Meet Kevin" — is optimistic about seeing a "very hope-filled Elon" and the odds of Tesla refreshing its product inventory. "We've got all of 2024 to set an EPS [earnings per share] floor. So there's plenty of time to buy, in my opinion, and then the dial mover is vehicle growth again," Paffrath explains. Getting more vehicles out on the road would give Tesla the data necessary to build out its full self-driving infrastructure for an eventual robotaxi launch, Paffrath elaborates while he is unsure about a robotaxi deployment in Tesla' near-term. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Tesla has 'a big question mark' around it right now: Analyst
Shares of Tesla (TSLA) are moving higher on Wednesday morning, despite its first-quarter report missing out on Wall Street estimates, after CEO Elon Musk commented on the future of affordable EV options in the company's earnings call. During the call, Musk signaled a shift for the company to focus more on AI. Oppenheimer Managing Director and Senior Research Analyst Colin Rusch joins The Morning Brief to discuss Tesla's first-quarter earnings results and the current status of Tesla's operations with its products. Rusch offers insight into Tesla's current efforts with AI: "Obviously, he promise of Tesla being the leader in AI for the physical world is, I think, very compelling and one that we think is real over time. How that translates into financials is really a big question mark right now and with the Model 2 or this low-cost vehicle, we don't know where the price point is going to be, what the cost structure is going to be. And so we think there's maybe another one or two numbers costs before we start to see things inflect higher. He continues with: "From an execution period, I think they're going into a challenging period. They've made a bet that the learning cycles on their neural net will accelerate here between now and August, and they'll continue to improve the functionality on the FSD [full-self driving capabilities], and we think that's not a certainty, there's a lot of debugging that has to happen and a lot of work to get that moving in the right direction at the pace that they're talking about." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Tesla stock pops on plans to ramp up affordable car plans
Tesla (TSLA) reported first quarter results that missed analyst estimates on both the top and bottom lines. Adjusted earnings per share of $0.45 fell short of the $0.52 Wall Street was expecting. Revenue of $21.3 billion fell short of the estimated $22.3 billion. Operating income also missed, $1.17 billion versus the $1.53 billion estimate. However, the company said it plans to accelerate the launch of new models, including a more affordable one. Yahoo Finance's Julie Hyman and Jared Blikre are joined by Roth MKM Senior Research Analyst Craig Irwin to break down the results. On the earnings, Irwin credits Tesla for better-than-expected gross margin results, but says the company "needs to start growing again." Irwin gives his thoughts on what to expect from the conference call for Tesla's earnings: "They're going to give it a shot to get us excited about robotics and AI on the call. Elon has got some explaining to do, FSD, the price was only ever supposed to go up and we got 12,000 to 8,000 this last week and I guess subscriptions are no longer $200 a month or $100 a month, and they're really pushing hard on FSD and personally, I'm a bear, but there are people out there that like it. We'd need to see attach rate goes up, and for there to be some elasticity of demand here. I'm kind of skeptical." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.This post was written by Nicholas Jacobino and Stephanie Mikulich
