"Investors are rebounding from Monday's selloff, with the S&P 500 up 1.8% and Nasdaq up 2.2% by midday Tuesday, indicating positive market momentum."
"Options trading for Tesla shows a balance between bears and bulls, with a slight bullish tilt, suggesting optimism for the company's upcoming earnings report."
"Tesla is expected to report $21.5 billion in Q1 revenue and adjusted profits of $0.44 per share, needing only a 1% revenue growth to meet expectations."
"With Tesla's stock trading at 100 times earnings, it's considered expensive. However, there's cautious risk involved in shorting the stock ahead of earnings."
After a sudden selloff on Monday, investors have driven a strong recovery in stock prices, with the S&P 500 up 1.8% and Nasdaq up 2.2% by midday Tuesday. Tesla is about to report its Q1 earnings, and options trading indicates a nearly balanced sentiment with a slight bullish tilt. The electric car manufacturer has low expectations for its performance, needing only 1% revenue growth. However, its high earnings valuation raises the stakes for investors considering short positions before the earnings reveal.
Read at 24/7 Wall St.
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