Tesla's Rollercoaster Ride: 5 Options Strategies to Hedge While Allowing for Upside Potential
@Option Witch:
$Tesla(TSLA)$ stock roared back 8.22% on Friday, helped by a big price-target boost from a Wall Street analyst. The stock dropped 6.1% last Thursday and closed at $379.28, leaving it down 21% from a record close of $479.86 in December.Tesla reported fourth-quarter deliveries on Thursday, posting a respectable 495,570 vehicles sold. The number was a quarterly record but still fell short of Wall Street estimates by some 10,000 units.Investors are focused more on 2025 right now. Tesla is expected to launch a lower-priced model, helping boost volume growth. The car, due out in early 2025, should start around $30,000 before any federal or state subsidies.Then there is artificial intelligence. Tesla uses AI to train its autonomous driving software and p