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-0.000656927713316615 -0.00315325302392038 0.00489493262385146 0.0100776817020998 0.0262853201290864 0.0306785242118921 0.0478818187043743 0.0335936409397352
Stock impact report

Bearish Options Play on Tesla Unveiled by TSLA Skeptic [Yahoo! Finance]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Yahoo! Finance
Why Zhang Is Bearish on TSLA Stock Tesla's valuation is "incredibly rich," and the automaker is losing market share to its Chinese competitors in Europe, Asia, and the U.S., Zhang stated. Moreover, the automaker is likely to be hurt by the deterioration of consumer confidence in the U.S., while the performance of its shares will probably be undermined by the stock market's weakness, Zhang contended. Also importantly, the company's Q1 deliveries came in significantly below expectations, the analyst noted. Zhang's Bearish Options Trade The analyst recommended that traders buy May 2 puts with a $255 strike price and sell May 2 puts with a $210 strike price. Traders who use this strategy will pay net premiums of $15 per spread. The Recent Price Action of TSLA Stock In the last month, the shares have fallen 2%, and they are down 38% in the last three months. Over the last year, however, they have jumped 41%. While we acknowledge the potential of TSLA, our conviction lies i Show less Read more
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