Will Tesla Stock Rise or Fall Following Earnings? Insights from Options Markets
Wednesday, 23 October 2024, 13:50
Will Tesla Stock Rise or Fall After Earnings? Insights from Options Markets
Will Tesla stock rise or fall after today's earnings report? Options markets indicate that shares could fluctuate approximately 6% up or down. This potential volatility follows a trend where, on average, Tesla's stock has experienced an 11% change following past quarterly reports.
Historical Earnings Impact on Tesla Stock
- July's Report: Shares dropped 12.3% when the company posted weaker-than-expected second-quarter earnings.
- Earnings Per Share: Tesla reported EPS of 52 cents, below Wall Street's projection of 61 cents, heavily impacted by a $622 million restructuring charge.
- April's Report: Conversely, shares increased by 12.1% despite also missing EPS expectations at 45 cents against a forecast of 50 cents.
CEO Elon Musk’s announcement about future plans for a lower-cost vehicle, often referred to as Model 2, adds further excitement and uncertainty among investors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.