Tesla Stock Moves Higher on Refreshed Model Y Plans

TSLA boasts a whopping 112.8% lead

Digital Content Manager
Dec 27, 2023 at 10:35 AM
facebook X logo linkedin

Tesla Inc (NASDAQ:TSLA) is up 2.6% to trade at $263.21 at last check, after Bloomberg reported the electric vehicle (EV) giant is planning to refresh its Model Y from its Shanghai plant, with mass production potentially starting as soon as mid-2024. The company is also expected to post record deliveries this quarter, but will likely fall short of CEO Elon Musk's goal of 2 million.

The equity is trading at its highest level since October, with support from the 40-day moving average containing a pullback earlier this month. For 2023, Tesla stock boasts a whopping 112.8% lead.

Short-term options traders are bullish on TSLA. This is per the security's Schaeffer’s open interest ratio (SOIR) that stands in the 2nd percentile of annual readings, pointing to a call bias.

Premiums can be had for a bargain at the moment, as the equity's Schaeffer's Volatility Index (SVI) of 44% is higher than just 6% of readings from the last 12 months. In other words, the options market is pricing in relatively low volatility expectations right now.

Options look like a good way to go when weighing in on TSLA. Its Schaeffer's Volatility Scorecard (SVS) of 86 out of 100 means the stock usually exceeds volatility expectations.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI