That is roughly in line with the stock’s average move of about 10.1% after the company’s last eight quarterly earnings reports, according to Trade Alert data.
The EV maker is likely to report on Tuesday that its second-quarter margin hit a more than five-year low, and CEO Elon Musk is expected to double down on the company’s robotaxi plans and AI products. Tesla options volume on Tuesday was relatively light with some 770,000 contracts changing hands by 12:20 p.m. EDT, about half the pace of trading over the last month, according to Trade Alert data.
Tesla shares have fallen after the company reported results in five of the last six quarters, according to Trade Alert data.Separately, Alphabet, is also expected to report quarterly results later on Tuesday, with options traders braced for a stock price swing of 6.3% in either direction, according to Trade Alert data. The stock has moved about 6.7% on average on the day following quarterly results.
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