Musk revealed on November 5 that,$Tesla (TSLA) $Self-developed AI5 chip samples are expected to be launched in 2026, and mass production is planned in 2027. The performance of the next generation AI6 chip will be approximately tripled, and it is expected to enter mass production in mid-2028.
The AI5 chip will be manufactured in different versions by TSMC and Samsung Electronics respectively, with a computing power of 2000 to 2500 TOPS, which is five times that of the current HW4 chip, and can support more complex FSD algorithms. Musk said that Tesla's AI chip route focuses on end-to-end autonomous driving reasoning and removes redundant modules in traditional GPU designs to achieve higher energy efficiency and performance.
At the same time, Tesla's annual shareholder meeting will be held at its Texas headquarters on November 6, and shareholders will vote on three key proposals, including Musk's up to $1 trillion compensation package.
This salary plan has caused widespread controversy, and major shareholders such as Norway's sovereign wealth fund have explicitly opposed it, arguing that the amount of the plan is too high and there are governance risks. Musk stressed that this vote will determine Tesla's future direction and hinted that if the plan is rejected, he may leave the company.
Morgan Stanley warned that if the compensation package is not approved, Tesla's stock price may fall by more than 10% in the short term, and the market may regard it as a signal of distrust in Musk's leadership.
In Polymarket's forecast market about whether Elon Musk's salary plan of up to about $1 trillion in Tesla will be passed, the current data shows that the possibility of the plan being passed is very high, and the probability fluctuation in the past ten days has basically remained at90%Above.
In the Tesla options market, the current C/P volume ratio is 1.88, with at-the-money call options generally rising and at-the-money put options generally falling. Overall, the options market for TSLABullish willingness has increased significantly: Investors are using call options to bet that the stock price may rise in the near future.
Bull Market Call Spread Strategy
1. Strategy structure
Investors sell put options with higher strike prices (K ₂ = 465, premium $12.2),
At the same time, buy the put option with the lower strike price (K ₁ = 455, premium $7.7).
Both options have the same expiration date. Investors gain more premium by selling high-strike options, and then use part of their income to buy low-strike protective put options, thus formingBullish, risk-limited Bull Put Spread combination (Bull Put Spread)。
2. Initial net income
Net premium income = 12.2 − 7.7 =$4.5/share
Corresponding total revenue = 4.5 × 100 =$450/contract
Investors can get this premium when they open a position, and this income is the maximum potential profit of this strategy.
3. Maximum profit
Condition: Tesla stock price ≥ $465 at expiration
Result: Both puts lapse, investors retain all premium
Maximum profit = $4.5/share × 100 = $450/contract
4. Maximum loss
Condition: Tesla stock price ≤ $455 at expiration
Result: Both put options were exercised, resulting in a strike spread loss
Loss = (465 − 455) − 4.5 =US $5.5/share
Maximum loss = 5.5 × 100 = $550/contract
The exposure to the investor is limited and determined at the time of opening the position.
5. Break-even point
Calculation formula: Strike price (sell) − Net premium
Breakeven = 465 − 4. 5 =$460.5
When the stock price is above $460.5 → investor profit
When the stock price is below $460.5 → investors lose money
6. Risk and return characteristics
Maximum gain: $450/contract
Maximum loss: $550/contract
The profit-loss ratio is about1: 1.22(Risks slightly outweigh benefits)
Applicable scenario: Investors expect Tesla stock to stay above $465 before expiration, or move slightly higher
Strategy positioning:A short-term trading strategy that is steady and bullish, focuses on premium income and has limited risk
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