Previous close | 120.50 |
Open | 98.65 |
Bid | 98.20 |
Ask | 98.65 |
Strike | 130.00 |
Expiry date | 2025-06-20 |
Day's range | 98.65 - 99.05 |
Contract range | N/A |
Volume | |
Open interest | 2.33k |
Tesla (TSLA) stock is sliding following its robotaxi event, which failed to impress investors with its Cybercab offering. This has sent other rideshare stocks like Uber (UBER) and Lyft (LYFT) higher on Friday. Roth MKM managing director Rohit Kulkarni joins Catalysts to discuss the rideshare sector. Kulkarni notes that the anticipation for Tesla's event was "an overhang" on Uber and Lyft stocks. He explains that the main investor question has been: If Tesla emerges as the preferred rideshare option, what happens to Uber and Lyft? This concern has grown "louder and louder over the last 3-6 months." However, based on the outcome of Thursday's robotaxi event, Kulkarni says it was "a big, big relief" for these companies because the event demonstrated that "creating a scalable robotaxi business is not easy." He notes it will take extensive time and resources, while Uber and Lyft continue to gain market share. "Tesla as a big, big player or potential big player is now off the table. That's the relief rally that you're seeing in Uber and Lyft," he states, adding that the next significant catalyst for these companies would likely come from advertising and subscription growth. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
Investors were left with more questions than answers, it seems, following Tesla’s “We, Robot” robotaxi event on Thursday night.
Tesla (TSLA) held its long-awaited robotaxi event, unveiling the Cybercab with a price tag of $30,000. However, that was not the only product investors saw. CEO Elon Musk also showcased the company's Optimus robots, humanoid machines that he claims will be Tesla's "biggest product ever." Musk believes that these robots could boost the automaker's market capitalization to $25 trillion. Yahoo Finance special reporter Akiko Fujita breaks down the details, discussing the price of these robots and the intended use cases. Read up on Akiko's coverage of the Amazon-owned (AMZN) robotaxi operator Zoox. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith