Previous Close | 151.15 |
Open | 151.15 |
Bid | 141.40 |
Ask | 143.90 |
Strike | 100.00 |
Expire Date | 2024-06-21 |
Day's Range | 151.15 - 151.15 |
Contract Range | N/A |
Volume | |
Open Interest | 5.57k |
Tesla's (TSLA) long-awaited Cybertruck debuted at higher-than-expected price ranges. However, Gerber Kawasaki Wealth & Investment Management President and CEO Ross Gerber, who is also a shareholder, argues the pricing isn't relevant given production constraints limiting scale, telling Yahoo Finance the Cybertruck will still "easily sell out" thanks to the advanced technological features. Gerber believes Cybertruck offers a window into Tesla’s next-generation vehicle vision, noting the company has not upgraded the current inventory of vehicles for a while. Gerber notes these trucks are a "enthusiast vehicle" and were not made for the "typical consumer." "I don't think it's hard to sell 250,000 of these a year if they can make them," Gerber tells Yahoo Finance, adding: "I think the challenge is going to be actually making them, not selling them." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Don't let market uncertainties dictate your investments! Here are three resilient assets with unique qualities that make them winners in any market scenario.
While Ferrari's (NYSE: RACE) vehicles and its iconic logo are well known, the stock is often overlooked by investors as it sits in the capital-intensive and historically low-margin automotive industry. Let's start with an eye-catching statistic: Ferrari's operating margin is nearly 3 times higher than other automakers'. In fact, Ferrari's operating margin typically hovers between 25% and 30%, while most automakers struggle to top 10%.