CEO responds to conspiracy theorists blaming him for Texas floods
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Mag 7 earnings: Why Alphabet is the 'bigger story' — not Tesla
Tesla (TSLA) and Alphabet (GOOG, GOOGL) are set to report earnings this Wednesday. Yahoo Finance Senior Reporter Allie Canal, IG North America Interim CEO Pete Mulmat, and Baird Investment strategist Ross Mayfield join Opening Bid host Brian Sozzi to examine which of the "Magnificent Seven" earnings results will be most important. To watch more expert insights and analysis on the latest market action, check out more Opening Bid here. because it's going to be a big, uh, multi-year initiative for Tesla, billions of dollars likely in terms of investment. But I do think they just want to hear if they're going to sell more cars. When does that top line pick up for this company? Because they're not making money off robotaxis, at least for the next few years. Yeah, Brian, you're absolutely right, and when it comes to sales, the US we're slipping, we're slipping abroad. There's a lot of competition on that front, and cheaper EV models too. That was something that analysts were hoping we could see before the expiration of those EV tax credits at the end of September. We haven't seen that. We likely won't. So, what does that mean for the competitive landscape here, and it's coming at a time where consumer purchasing behavior has shifted a bit? There's more of a favor for hybrids than pure EV plays on the infrastructure side. We're still lacking a bit there. So, where's the innovation here? What does Elon Musk plan to do to reinvigorate some of these sales, because it is core to the business. It is the part of the business that's making money, and we've just seen struggle after struggle on that front. So, he's going to have to come out and say something that's encouraging to investors, that that's not just 5, 10 years down the line. What is the short-term plan for Tesla to reinvigorate sales and get some profits? Uh, Pete, we've seen some, uh, pretty strong moves in Tesla the past few earnings reports. Your team at Tastytrade seeing anything in the options market ahead of this, uh, Tesla release? Uh, you know what, um, balls in a little bit on Tesla right now. Uh, we see about an expected, uh, 23% or $23 move, uh, going into the earnings announcement. Uh, customers, for the most part, are, uh, still bullish, but, um, we're seeing that play through most of the mega 7, uh, names right now. Um, so, uh, seeing a relatively with volatility in at these levels, um, Tesla a little bit different story than a lot of the other mega 7s, 20% below its highs. Um, not seeing a lot of, uh, um, skewing the options chains, uh, giving us some indication as to that, but, um, again, we're looking for right now around that $23 move on either side on the earnings. Ross, last word over to you. What's the more important report this week for the market, broadly, is it Alphabet or is it Tesla? I think it's Alphabet. Um, you know, Tesla has always been a kind of the idiosyncratic member of the Mag 7, um, lumped in because of its size and its tech adjacency, but as you mentioned, it really, it sells cars. So it's got these AI links and, um, you know, big tech aspirations, but it kind of sits on its own. Alphabet is an AI story, it's a big tech story, it's a, um, a story that's, you know, has a lot to do with the EU trade and some of the non-tariff barriers over the EU. So there is a lot there, and I think that the extent to which AI tools like Chat GPT are cannibalizing or eating some of the moat around that company or changing the way that we use search, the way that we interact with our software, um, that is the story, and that is the company that's most going to tell the story about how AI is working in our lives. And that's again, we've got the mega 7 at all-time highs. We're back on the AI trend. So that's the thing that the market is thinking about right now. I think that's the bigger story. Related Videos Alphabet earnings, Cleveland-Cliffs surges, CSX upgraded Why so many companies are trying to become banks Markets are 'getting close' to being priced to perfection Navitas skyrockets, Dollar Tree upgraded, Sarepta & FDA Sign in to access your portfolio
Yahoo
3 minutes ago
- Yahoo
S&P 500, Nasdaq Scale New Highs in Broad-Based Rally
US equity indexes advanced in a broad-based rally, with two of the three mainstream indexes hitting Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Auburn earns surprising historical ranking despite recent lull
The Auburn Tigers have not really been as nationally relevant in recent years. They haven't won a title since Cam Newton dragged them through the SEC in one of the single most impressive runs of all time. They've had good seasons since 2010, but haven't really ever reached that height again. Despite that, their historical success cannot be counted out. So when assessing a value for a hypothetical trade, The Athletic's Matt Baker accounted for that. There will never be a sale since these schools cannot operate like NFL teams no matter what the transfer portal and NIL do to college sports, but if there was a sale, the Tigers would bring in an impressive $1.06 billion, the 13th-best mark among all programs. That's more money than the Oregon Ducks, Florida State Seminoles, and Michigan State Spartans would bring in despite Auburn seemingly falling on hard times lately. They're far from the caliber of program they once were, but that doesn't matter as much with the Tigers. "Like Florida, the Tigers have been in an on-field funk. The national championship trophy Auburn won with Cam Newton is almost old enough to get its driver's license," Baker said. "We slotted the Tigers behind the Gators because Florida remains the flagship school of a large, still-growing state. Auburn is No. 2 in Alabama, a state with a quarter of the residents (5.2 million)." So despite a run that has yielded double-digit wins just twice since 2010 and has four seasons under .500 in that frame, the Tigers are still a supremely valuable college football program.
