Goldman Sachs analyst recommends buying call options on Tesla (TSLA.US) before the release of the third-quarter earnings report on October 2 and the Robotaxi event on October 10.
Zhixing Finance APP learned that a Goldman Sachs analyst recommends buying call options before the release of the third-quarter earnings report on October 2 and the Robotaxi event on October 10. $Tesla (TSLA.US)$ before the release of the third-quarter earnings report on October 2 and the Robotaxi event on October 10.
Tesla call options are one of the trades recommended by Goldman Sachs. This electric car giant currently accounts for 17% of all options trading volume in the S&P 500 index, exceeding Nvidia's (NVDA.US) 14%.
Tesla will host a Robotaxi event on October 10th, where it is expected to disclose its fully autonomous driving technology and business prospects.
Goldman Sachs automotive analyst Mark Delaney also expects Tesla's third-quarter earnings to be in line with market expectations, with a sequential increase of 4% and a year-on-year increase of 6%, driven by robust growth in the Chinese market.
John Marshall, managing director of derivatives research at Goldman Sachs, stated: "(Delaney) believes that given Tesla's production volume in the consumer business sector, vertical integration, and a narrower set of sensors, Tesla may have a cost advantage over other competitors in the self-driving car industry."
As of the US stock market close on Wednesday, Tesla rose by 1.08% to $257.02. The stock has only risen by 3% this year, significantly underperforming the large-cap stocks.
Editor/Somer