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The Best Options Trade for Tesla Motors (TSLA) Earnings

On Tuesday, October, 24 th , Tesla Motors (TSLA) will release its third quarter earnings results after the bell. The company is a Zacks Rank 4 (Sell), and have a Value, Growth, and Momentum score of F.

Dave will look at Tesla's past earnings, take a look at what is currently going on with the company, and give us his thoughts on their upcoming earnings announcement.

Furthermore, Dave will uncover some potential options trades for investors looking to make a play on Tesla Motors ahead of earnings.

Tesla Motors in Focus

Tesla Motors, Inc. designs, manufactures, and sells electric vehicles and electric vehicle powertrain components. The Company is headquartered in Palo Alto, California.

Tesla is expected to report earnings at -$0.64 per share according to the Zacks Consensus Estimate. Last quarter they miss earnings expectations by -32.76% at -$1.54 per share, missing estimates of -$0.38 per share.

TESLA MOTORS Price, Consensus and EPS Surprise

TESLA MOTORS Price, Consensus and EPS Surprise | TESLA MOTORS Quote

Tesla is trading around $202.76 a share, and their 52-week high is $269.34 per share, and they have an average earnings beat of 103.35%.

Tesla Motors is tied to the automobile industry , and their industry is ranked bottom 30% according to the Zacks Industry Rank. Tesla competes against automobile giants such as General Motors (GM) and Ford (F). Tesla is unique compared to their competitors for the fact their cars are electric; however, their cars are very expensive, and there are many people who don't have the financial means to afford one of their vehicles. Furthermore, Ford and GM have a stronger presence among the general public in regards to automobiles. Having said that, Tesla's automobiles have attracted a growing audience. Furthermore, Tesla has been very innovative with their ideas and concepts.

Bottom Line

How should investors play Tesla ahead of their earnings report? For insights on the best options trades, make sure you are subscribe to Live Trader to see Dave Bartosiak at 9:30 am on Tuesday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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