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TM Oct 2024 155.000 put
| Previous close | 0.9500 |
| Open | 0.9500 |
| Bid | 0.1000 |
| Ask | 0.0000 |
| Strike | 155.00 |
| Expiry date | 2024-10-18 |
| Day's range | 0.9500 - 0.9500 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Tesla vs. Toyota: Kevin Paffrath compares automaker growth
Financial analyst and YouTuber Kevin Paffrath ("Meet Kevin") joins Market Domination to discuss Tesla's valuation as CEO Elon Musk touted the company's AI initiatives at Thursday's shareholder meeting. Paffrath believes there is a large difference between what Tesla is going to deliver versus what Elon Musk promises. He states that compared to Toyota (TM), Tesla has been on a downward trend: "The difference between the two companies is growth. I value Tesla at a PEG ratio [Price/Earnings-to-Growth] of 1.67, assuming we can get about 30% growth once we bottom out from here. Toyota's growing, in some years, it's projected to grow negatively, but more reasonably, it's growing somewhere between 5-6%, which is barely above the rate of inflation. So that's one of the reasons you see the valuation disparity." He adds, "I think you can go short, and people get mad at me for saying this, but it's just a hedge. It's a macro hedge. You go short bitcoin, you could use a fund like BITI (BITI). I'm not affiliated with them. It's a negative one. The reason for that is when risk assets sell off, Tesla goes down... you don't want to short the whole market for a hedge because that's not going to work. You specifically want an offsetting risk hedge." 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 Catch up on Yahoo Finance's coverage of all things Tesla, Elon Musk, and his pay package saga: EV competitors like Ford, GM are 'scared' of Tesla: Investor 'Don't fire Steve Jobs': Tesla analysts react to approval of Elon Musk's pay package 'Hold on Tesla and wait,' don't buy right now: Strategist Tesla is in 'incredibly enviable' position for real-world AI Tesla is biggest market bubble in world history: Short seller Don't bet against Elon Musk: Dan Ives talks $1T Tesla call Elon Musk wins Tesla shareholder battle to keep his record-breaking pay Elon Musk has been integral to Tesla's growth, AI: Cathie Wood Musk's pay battle is not over. Here's why.
ReutersAt Toyota shareholder meeting, all eyes on level of support for chairman
Toyota Motor Chairman Akio Toyoda may be in no danger of not being re-elected at the automaker's annual general meeting on Tuesday, but any further big drop in shareholder support could lead to increased action on governance reforms. This year's AGM will follow scandals involving violations of certification tests at Toyota and its group companies including compact car maker Daihatsu and truck unit Hino Motors. Proxy advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have recommended that Toyoda not be re-elected, citing concerns over governance and the board's independence.
Associated Press FinanceToyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal
Toyota’s chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board. The vote expected at the June 18 annual shareholders meeting comes after Toyota apologized recently over fraudulent certification tests for vehicles, a major embarrassment for a company that prides itself on a reputation for excellent quality. The raft of problems at Japanese automakers including Toyota are said not to involve any safety problems and no recalls were announced.
