TSLA Jan 2025 280.000 put
| Previous close | 52.50 |
| Open | 67.50 |
| Bid | 66.45 |
| Ask | 66.95 |
| Strike | 280.00 |
| Expiry date | 2025-01-17 |
| Day's range | 62.69 - 70.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.91k |
Yahoo FinanceThis week in Bidenomics: The 'election trade' is on
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This is the 'mid-term recession protection' Tesla gave up
At Thursday's event, Tesla (TSLA) unveiled its new Cybercab and Optimus humanoid robots, but investors remained unimpressed, sending the company's stock lower in Friday's trading session. Financial adviser and YouTube personality Kevin Paffrath, known as "Meet Kevin," shares his insights on Tesla's current position and future prospects. Paffrath argues that Tesla has given up its "mid-term recession protection." The company may be jeopardizing its profit margins by prioritizing robotics and autonomous vehicles over the promised affordable electric vehicle. He points out that with recession fears looming and Tesla's customer base potentially at risk during an economic downturn, coupled with stagnating growth in the European market and flat year-over-year performance, "now you're in a place where you don't have a new product to help you survive the medium term." The financial adviser suggests that Tesla could have benefited from offering the Cybercab for sale immediately. This approach would have allowed individuals to purchase the vehicle and generate revenue for the company while it perfects the technology to make it "fleet eligible." Once ready, Tesla could then offer to update hardware to existing owners. However, the event's focus on future technologies has yet to introduce fresh, market-ready products — triggering a downturn in the stock price. Paffrath expresses his disappointment: "I was really hoping that they would've learned from when the Reuters rumors circulated about not doing the Model 2, and the stock tanked in the spring. I would've thought logic would've told them, 'Okay, the shareholders want a cheaper car. Just give it to them!'" He emphasizes Tesla's manufacturing expertise, suggesting that even if the affordable EV were only a stopgap measure before robotaxis take over, it would provide a "bridge" through a potential recession. "If you can mass manufacture and you're such an expert at manufacturing, manufacture these cars! Even if you're only going to do so for 5 or 6 years before robotaxis take over, have that bridge to get you through a recession," Paffrath advises. "Because now what you've got is existing models and hope and not much in between. That doesn't help you in a recession." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith
- Yahoo Finance Video
Tesla is a 'high-growth stock' that has 'hit a wall': Analyst
Tesla's (TSLA) long-awaited robotaxi event largely disappointed investors who were left wanting more details. CFRA analyst Garrett Nelson joins Morning Brief to discuss how the event is weighing on Tesla's stock and whether CEO Elon Musk can deliver value to shareholders. Nelson believes that the decline in Tesla's stock could be the beginning of a larger pullback. "If you look at where it's trading on consensus estimates, the stock where it closed yesterday is trading at 75 times consensus estimates for next year. Looking out to 2026, it's trading at 57 times. So these are really pretty lofty multiples. And here we're left with a lot of questions regarding how it's going to achieve that earnings growth that is embedded in expectations over the next few years," he tells Yahoo Finance. He adds, "This is a high-growth stock whose growth has hit a wall here recently." Nelson points out that Elon Musk has a history of not meeting previously communicated timelines: "If you look back a decade ago, he was promising fully autonomous vehicles only a year or two away. Here we are in 2024, and it's still that. We think Tesla is still a ways away from that." Thus, he believes that the investors' expectations are "too high," especially given a general slowing of EV sales. With such a lack of clarity around Tesla's product pipeline, Nelson argues that auto names like General Motors (GM) and Uber (UBER) are among the best positioned to win when Tesla loses. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl
