TSLA Jun 2024 1120.000 put
| Previous Close | 405.15 |
| Open | 404.60 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 1,120.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 404.60 - 405.15 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 147 |
- Yahoo Finance Video
Musk says Tesla Supercharger is expanding despite layoffs
Tesla (TSLA) CEO Elon Musk backpedaled on his recent move to shrink the company's Supercharger team, posting on X that "Tesla will spend well over $500M expanding our Supercharger network to create thousands of NEW chargers this year.” This move comes after the company laid off nearly the entire Supercharger organization, with Musk posting on X that the network will grow at “a slower pace” for new locations. Yahoo Finance reporter Pras Subramanian tells Josh Lipton and Julie Hyman that Musk is "trying to fix the situation or chaos that he created in the first place by basically nearly laying off everyone in that Supercharger team." Many legacy automakers signed up to participate in Tesla's Supercharger network, which Subramanian explains created "a big problem that [Musk] is trying to address right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Making sense of Tesla's Supercharger, autonomous strategies
Tesla (TSLA) CEO Elon Musk has big plans to expand the EV maker's Supercharger network by investing over $500 million into the project, according to a recent post on X. The irony lies in the fact that Tesla laid off a bulk of its Supercharger development team at the end of April. Gartner Vice President and Team Manager of Automotives, Transportation, and Cross Manufacturing Mike Ramsey sits down with Catalysts to discuss Tesla's charging network strategy, calling the layoffs a "cost optimization effort as they try to get their operations in line" "But, the investment in the network actually makes a lot of sense, and might be a real benefit to them in the long term as a new source of revenue," Ramsey tells Yahoo Finance. Ramsey goes on to comment on Tesla's full self-driving capabilities in its vehicles; Tesla's Autopilot function is currently undergoing a probe by Department of Justice (DOJ) officials. "What they're charging customers for is a partially automated system that is more like a convenience feature. It is not a self-driving vehicle, like something that Waymo is offering in the southeast United States and in San Francisco," Ramsey states. "So when Tesla talks about this service improving and rolling out, they are not really playing in the same field as many of the, I would say, fully autonomous robocab-type providers are playing. That said, their system keeps getting better and better and they can make money selling it because it's a nice feature and that people like to have, and... Tesla has promised that in August they're going to unveil their new robocab that can... essentially be a full self-driving vehicle. My expectation is that vehicle will not be the same thing that you and I can buy..." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Luke Carberry Mogan.
Associated Press FinanceTesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says
The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously misleading. The Autopilot system prevented Hans Von Ohain from being able to keep his Model 3 Tesla on a Colorado road in 2022, according to the lawsuit filed by Nora Bass in state court on May 3. Von Ohain died after the car hit a tree and burst into flames, but a passenger was able to escape, the suit says.
