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TSLA Sep 2024 445.000 call
- 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.
- Investing.com
5 big analyst AI moves: Apple stock lifted to Buy as AMD, Adobe get downgraded
Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week. Analysts at wealth management firm D.A. Davidson upgraded Apple (NASDAQ:AAPL) stock from Neutral to Buy this week after the iPhone maker introduced its much-anticipated AI strategy. According to the firm’s analysts, “AI now stands for Apple Intelligence,” which is the name of the company’s artificial intelligence platform unveiled at the WWDC event.
- Yahoo Finance Video
Tesla board should take on an 'independent, active' role
Even while the stock is down nearly 29% year-to-date, Tesla (TSLA) shareholders voted in approval of CEO Elon Musk's pay package. "That's a pretty remarkable statement of confidence on their part. What I said was it does not take anything away from the enormous scale of his achievements in building Tesla and not just Tesla," Fletcher School of Law and Diplomacy Lecturer and Picking Presidents Author Gautam Mukunda tells Market Domination Overtime. Based on Tesla's growth under Musk's leadership, Mukunda likens a Tesla without Elon Musk at the helm as a Ford without Henry Ford, stipulating Tesla's board should take a more hands-on approach with the company: "The board should take a much more independent and active role in the company. What I would say is that there is no such thing as a genius so brilliant that all of their ideas are good ones, or even their good ideas can't be improved by pressure from other smart, capable people. I think the board has given him sort of total freedom to do whatever he wants" For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan. 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.
