TSLA Feb 2025 170.000 put
- Yahoo Finance Video
Tesla, Costco, Bank of America: 3 stocks in focus
Morning Brief Hosts Seana Smith and Brad Smith check in on some Yahoo Finance trending tickers. Tesla (TSLA) is recalling more than 27,000 Cybertruck vehicles in the US due to delayed rear-view camera images. Costco (COST) will begin selling platinum bars after seeing success in its sales of gold bars and silver coins. Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) has once again reduced its stake in Bank of America (BAC), selling shares worth $338 million according to a regulatory filing. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Yahoo Finance Video
Tesla's Q3 deliveries don't matter in big picture: Analyst
Tesla’s third quarter deliveries came in below Wall Street’s expectations, only adding to the mounting pressures facing the auto industry. Tom Narayan, RBC Capital Markets lead equity analyst of global autos, sits down with Market Domination Hosts Julie Hyman and Josh Lipton to dig into Tesla's (TSLA) delivery numbers and where the company stands going forward. Narayan outlines his view that Tesla’s subpar auto sales don’t actually matter, explaining that the “car business for me is less, like 5% of my [Tesla] valuation. They need to sell cars to sell [full self-driving] FSD and everything else. But I think folks are going to start looking at the bottom line more on gross profit. You're going to have regulatory credits, which surprised a lot of people last quarter. It's going to be good this quarter again and next year. And energy storage, people are finally talking about this. We saw the number that they printed today wasn't as good as last quarter, but way bigger than the run rate of last year. So I think folks are going to stop looking at the delivery numbers so carefully. And start looking at gross profit. And it's going to look pretty good.” He says the highly-anticipated robotaxi is “half of my entire valuation, as you know. I'm a big believer in the robotaxi concept. The difference, though, between this event and what they held in the Power Day a few years ago, where the stock was up quite a bit, is Power Day was more real now, whereas I think robotaxis are a little bit farther away. That's why I think it might be difficult to get crazy excited, at least a stock to react the way it will be. I think it did into it, but I do think you'll get a lot of people like me writing big reports finally with real numbers and putting it in their models. That might help. But again, this is far into the future, so I just don't know how much it's going to impact.” The long horizon for Tesla’s robotaxi isn’t a tech issue but rather a regulatory issue. “We all saw what happened with GM Cruise having to pull away and now starting to tip their toe back in. Cities are going to have to completely re-engineer themselves… It's a very human-driven thing, let's put it that way. You're making decisions all the time. And so it's going to take a while for regulators to be okay with that.” The analyst offers his perspective on the Cybertruck and the model's role in the Tesla brand. “I don't think it's a real game-changer. If anything, they're losing money on it, but it is trying to get excitement back into the brand, which maybe they lost a little compared to where they were. But really, ultimately, this is a halo car that hopefully lifts their brand.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
- Yahoo Finance Video
Why luxury automakers are best weathering uncertainty: Analyst
Karl Brauer, iSeeCars.com executive analyst, joins Brad Smith on Wealth! to discuss the state of the market for car buyers amid macro uncertainty with the upcoming election and the Federal Reserve's easing cycle and how luxury automakers are coming out on top compared to their standard counterparts. “There's a lot of macroeconomic factors, everything from inflation, which has reduced consumer spending power to interest rates, which has made cars more expensive to finance, just like houses. And we've seen the rates coming down, that should help a little bit,” Brauer says. He explains, “We're going to need to see some confidence in the future. I think a lot of people are waiting for a rather big event about a month from now to see what happens there. So I think there's a lot of people kind of waiting on hold right now to make any big moves. And that's what you're seeing in these dropping new and used car sales activity. Hopefully, that will get turned around.” Not all automakers are feeling the pressure the same with luxury brands faring better than their standard counterparts. The analyst says, “The luxury side has done better because those consumers aren't as concerned about their financial situation.” He highlights the Korean luxury brand Genesis, owned by Hyundai (HYMTF), which hit record-high sales. Brauer adds, “We're seeing that in general across the luxury divisions. It's tougher for the mainstream brands because the mainstream buyer is a little more hesitant right now.” For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Naomi Buchanan.
