Buckle up. Tesla's quarterly report could be another wild ride for investor...
At an average of roughly $17,750 per vehicle, operating profit at luxury carmaker Porsche, for example, has been stable over the past four years. Mercedes’ and BMW’s profit per vehicle have been closer to $3,000.
Tesla’s rally in recent months has been fueled by its unexpected third-quarter profit, a production ramp-up at its new factory in China and better-than-expected car deliveries. Tesla’s stock was up 1% on Tuesday. As of Tuesday, Tesla options implied an 11% swing for the shares in either direction by Friday. Over the last eight quarters, the stock moved 9.5% on average after Tesla reported results, according to options analytics company Trade Alert.
As Musk’s nears the first tranche of a record pay package that depends in part on increasing Tesla’s market capitalization, the carmaker’s stock remains among the most divisive on Wall Street.
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