ARKK Sep 2024 25.000 put
| Previous Close | 0.0200 |
| Open | 0.0200 |
| Bid | 0.0000 |
| Ask | 0.1000 |
| Strike | 25.00 |
| Expire Date | 2024-09-20 |
| Day's Range | 0.0200 - 0.0200 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 313 |
- Yahoo Finance Video
Tesla's margins will be 'a sideshow' compared to robotaxi
Tesla (TSLA) has reported mixed second-quarter earnings, missing adjusted earnings expectations but beating revenue forecasts. Brett Winton, Ark Investment Management (ARKK) chief futurist joins Asking for a Trend to discuss the implications of this earnings report. Despite Tesla's earnings miss, Winton argues that "the real story" lies in the company's potential to deliver on its robotaxi ambitions. He suggests that if Tesla succeeds in this venture, factors like gross margins and delivery numbers would become "a sideshow" in comparison. Winton calls robotaxis "an inevitability," driven by rapid advancements in artificial intelligence. He cites Tesla's massive data center and its current fleet of vehicles as key advantages, leading him to believe "they're gonna be able to deliver autonomous driving". Regarding the financial impact, Winton anticipates a robotaxi pilot could emerge between late 2024 and early 2025. He predicts this would transform Tesla's business model from "one-time sales to recurring revenue," describing it as "a business transformation the likes of which the world has never seen". For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Angel Smith
Zacks4 ETFs to Tap the Emergence of Disruptive Technology
"Disruptive technology" is on the rise lately. These technologies cover the field of Artificial Intelligence, Machine Learning, Blockchain Technology, the Internet of Things, Renewable Energy Technologies, 3D Printing, Cybersecurity, Quantum Computing, and others.
- Yahoo Finance Video
Elon Musk has been integral to Tesla's growth, AI: Cathie Wood
Ark Invest Founder, CEO, and CIO Cathie Wood — whose ARK Innovation ETF (ARKK) holds nearly $726.8 million in Tesla shares — is forecasting that Tesla (TSLA) stock could climb to $2,600 per share by 2029, in her firm's latest call on the EV maker. A long-time supporter of Tesla CEO Elon Musk, Wood joins Yahoo Finance to discuss the value Musk has brought to Tesla through his leadership. Tesla shareholders have ultimately voted to approve Musk's pay package, valued at around $46 billion based on the company's current stock price, with the results revealed at Tesla's annual shareholder meeting early Thursday evening. "Elon Musk has been incredibly important to Tesla and still is, not so much on the electric vehicle side — that's on automatic pilot, it's on the autonomous side," Wood says, emphasizing Musk's commitment to autonomous driving functions and integration of AI as to why she sees the stock soaring to $2,600. Wood goes on to say that there's no other company that will be as impactful for humanity as Tesla under Musk: "What many people don't understand is, the most important variable — once you've got the domain expertise and the AI expertise — is proprietary data. And Tesla has probably more proprietary data, than almost any company in the world. Elon Musk is the CEO of this age that we believe is going to best capitalize on the convergences between and among technologies..." Wood also comments on Tesla's position in the ARK Innovation ETF as the tech-adjacent EV maker maneuvers auto industry headwinds and a higher for longer interest rate environment. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance's Special Report on Tesla's annual shareholder meeting. Follow along with Yahoo Finance's coverage of Musk and his pay package saga: Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Is Elon Musk the right fit as Tesla's CEO? Takes from 3 Tesla shareholders: Unenthusiastic yes to unequivocal no as Musk awaits vote on his pay Musk pay package: What's incentivizing shareholder votes Elon Musk's $46B Tesla pay package: Explained Poll: Should Tesla shareholders once again bless CEO Elon Musk's pay package proposal? Musk's Tesla pay package is 'excessive' and should be voted down, shareholder advocate says Most CEOs are defeating attempts to vote down their pay. Can Tesla's Elon Musk do the same?
