TSLA Sep 2023 350.000 put
| Previous Close | 23.85 |
| Open | 21.05 |
| Bid | 20.15 |
| Ask | 22.20 |
| Strike | 350.00 |
| Expire Date | 2023-09-15 |
| Day's Range | 21.00 - 21.05 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 637 |
- Yahoo Finance Video
A beat on deliveries could be the next “positive catalyst” for Tesla Stock: analyst
Tesla (TSLA) shares are up over 50% year-to-date, but the stock is still recovering from a rough 2022. Dan Levy, Barclays Senior Autos Analyst joined Yahoo Finance to discuss what he thinks could be the next event that sends shares skyrocketing. Levy told Yahoo Finance that he expects Tesla deliveries in Q1 to exceed the street’s consensus estimates saying, “we are forecasting 425,000 units of volume ahead of consensus 420,000 units.” Tesla has been cutting prices to help boost the demand needed to reach new delivery targets. Analysts are watching to see how these cuts impact the company’s margins. According to Levy, compared to other EV makers, Tesla is in a pretty good position. He told Yahoo Finance, “the key point for tesla is that because they have such a significant cost lead, it's only natural that they're going to use or lean into their margin advantage or their cost lead to unlock further volume." Watch the full interview with Seana Smith and Dave Briggs here. Key video moments: 00:00:18 On Tesla exceeding expectations 00:00:53 On price cuts impact on margins
- Yahoo Finance
Tesla stock rises on bullish Barclays delivery forecast
Tesla shares are on the move higher as Barclays sees bullish signs for the EV-maker’s first quarter performance. Ina note this morning, analyst Dan Levy projects Tesla delivering 425K vehicles globally in Q1, beating what Barclays sees as consensus estimates of 420K vehicles - and that beat could be a another catalyst for the stock. Levy also sees some upside to production as well, writing “we believe commentary on the pace of production likely implies some upside, which we assume will be ~430k units in the quarter.”
- Reuters
UPDATE 1-Tesla faces new race bias trial from employee who had $137 mln verdict cut
A trial kicked off in San Francisco federal court on Monday to determine how much money Tesla Inc must pay to a Black elevator operator who a jury determined was subjected to severe racial harassment while working at the electric auto maker's flagship assembly plant. Lawyers for Tesla and plaintiff Owen Diaz began the process of selecting a jury, which included questioning potential jurors about their views on the company and its chief executive, Elon Musk. Last year, a judge slashed the $137 million verdict that the jury awarded in 2021 to Diaz, one of the largest ever in a U.S. workplace discrimination case.
