TSLA May 2024 125.000 call
| Previous close | 47.16 |
| Open | 44.00 |
| Bid | 42.45 |
| Ask | 44.20 |
| Strike | 125.00 |
| Expiry date | 2024-05-17 |
| Day's range | 44.00 - 44.00 |
| Contract range | N/A |
| Volume | |
| Open interest | 579 |
- 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.
Investor's Business DailyVultures Circle As Elon Musk Says This On Superchargers Following Layoffs
Tesla Chief Executive Elon Musk on Friday said the EV giant is spending half a billion dollars to build out its supercharger stations this year, even as the Tesla head recently dismissed the company's entire supercharger team. Musk took to the social media platform X early Friday claiming that Tesla will spend more than $500 million to expand its supercharger network and "create thousands" of new chargers in 2024. In the first quarter, Tesla supercharger stations totaled 6,249, up 26% vs. Q1 2023.
