Tesla Puts will not print
Posted: Apr 23, 2024
- Made profit on Tesla puts last week, but believes puts will be in trouble today - Missing earnings already priced in, hedge funds buying in, analyst price targets higher than current prices - Tesla has other profitable divisions like batteries, FSD price cut will be important - Despite current issues, Tesla can pivot and CEO Musk won't allow stock to tank as he aims for a large payout
Summarized top reddit comments: - Many users discussing purchasing or selling puts on Tesla - Points made about Tesla's earnings being priced in and Musk's comments about shareholders preparing for pain - Mention of political factors affecting Tesla's sales - Mention of Tesla's high P/E ratio - Recommendation to watch how the market reacts rather than holding onto puts overnight - Mention of Tesla's stock rising after hours, potentially causing puts not to print
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