TSLA Jun 2024 490.000 put
- Yahoo Finance Video
Tesla announces another round of layoffs, including 2 execs.
According to multiple reports, Tesla (TSLA) has announced another round of layoffs, which includes two senior executives and the bulk of its supercharging team. This news comes just two weeks after Tesla announced a 10% headcount reduction and the departure of two other senior executives. While shares of the company are down over 20% year-to-date, the company did see some relief as CEO Elon Musk returned from a surprise trip to China with approval from Chinese authorities over its full self-driving (FSD) software. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development for Tesla and what it could mean for the EV maker moving forward. 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
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Musk's trip to China is a 'trophy-case win': Analyst
Tesla (TSLA) CEO Elon Musk returned from a trip to China with a deal allowing the company to implement its "Full Self-Driving" (FSD) technology in the country. After the announcement, the company's shares began to rebound from recent lows. Wedbush Managing Director and Senior Equity Analyst Dan Ives joins Market Domination to discuss Musk's recent trip to China and the impact it will have on the company moving forward. Ives outlines Tesla's key victories in China: "If you look what Musk has been able to do, remember years ago they say he would never be able to build a factory in China now look at GIga. The point is they need Tesla as much as Tesla needs China because it's the trophy case. You look at Apple (AAPL), you look at Tesla, two of the best brands in the world, that's why they allow this. With Baidu as a partner. And the reason it's so important is that Tesla almost had one hand behind its back not having FSD in China, now they have that. And I believe what is starting to get factored in here is the demand. I'm not saying the next week or two, but demand recovery in China. But betting against Musk, it's like betting against Brunson in the playoffs. " For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
- Yahoo Finance Video
China is directly shaping Apple and Tesla. Here's how.
Apple (AAPL) has faced several challenges recently, including a loss of market share to Huawei in China. According to data from Counterpoint Research, iPhone sales fell over 19% within the first 3 months of 2024. Tesla CEO Elon Musk (TSLA) recently wrapped up a trip to China, where he secured tentative approval from Chinese officials to roll out the company's self-driving software in the country — a boon for Tesla as it struggles with increased competition in the Chinese EV market. Yahoo Finance Anchor Akiko Fujita joins Catalysts to break down how China is directly impacting both of these tech giants, which have faced mounting challenges in the region. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
