Ahead Of Tesla's Q3 Production Numbers, Options Traders Bet On Further Decline
Portfolio Pulse from Priya Nigam
Tesla, Inc. (NASDAQ:TSLA) shares recorded losses for the quarter, down around 5%. Options traders expect Tesla’s stock to move lower by 7% or more over the next three weeks. Investors are awaiting the release of production/delivery numbers for the third quarter, due this week. The company-compiled consensus figures put deliveries at 455,000 units compared to the Bloomberg-compiled consensus of 457,000 units.
October 02, 2023 | 12:20 pm
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Tesla's stock recorded losses for the quarter and is expected to decline further by 7% or more over the next three weeks. The upcoming release of Q3 production/delivery numbers could impact the stock price.
The expectation of a further decline in Tesla's stock price is based on the recent trading activity and the upcoming release of Q3 production/delivery numbers. If the actual numbers are lower than the consensus, it could negatively impact the stock price.
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IMPORTANCE 80
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