TSLA Jun 2024 162.500 put
| Previous Close | 0.3500 |
| Open | 0.3000 |
| Bid | 0.1100 |
| Ask | 0.1200 |
| Strike | 162.50 |
| Expire Date | 2024-06-21 |
| Day's Range | 0.1000 - 0.3500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3.94k |
- Yahoo Finance Video
Tesla's 'aging portfolio' is a bigger issue than its prices
Shares of Tesla (TSLA) are trading higher following its shareholder meeting, which alluded to new offerings coming to market after the approval of Elon Musk's $56 billion pay package. Citi autos equity research analyst Itay Michaeli joins the Morning Brief to discuss why Tesla's product innovation is key to driving growth. Michaeli notes that there is "a lot of anticipation for the next round of new products from Tesla." He explains that the company has mentioned introducing more affordable EV models, for which investors await two crucial factors: the price point and "the overall design and content of these vehicles." The main concern for investors will be whether these new vehicles can "generate the same type of hype" seen with previous Tesla models. If so, Michaeli believes it could drive substantial growth in the company's share price. "We want to see a lot of innovation, maybe different design languages. Really whatever it takes... to create a lot of incremental excitement," Michaeli told Yahoo Finance. Read more about what's next for Tesla here. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.
ReutersTesla sues ex-supplier Matthews over EV battery trade secrets
Tesla has sued its former supplier Matthews International in California federal court for allegedly stealing trade secrets related to Tesla's battery-manufacturing process and sharing them with the electric-vehicle giant's competitors. The lawsuit, filed on Friday in U.S. District Court for the Northern District of California, said Matthews owes damages that Tesla "conservatively estimates will exceed $1 billion" for misusing company trade secrets related to dry electrode battery manufacturing technology. Spokespeople for Matthews and attorneys and spokespeople for Tesla did not immediately respond to requests for comment on Monday.
ReutersTesla kicks off legal fight to reinstate Musk's pay
Tesla began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it "significantly impacts" her ruling voiding the pay, according to a letter made public on Monday. Tesla wrote to Chancellor Kathaleen McCormick that the parties in the pay package case should now lay out their legal interpretations of Thursday's ratification of Musk's pay, rather than moving ahead with the case on the prior schedule.
