Two major catalysts coming in October, Gao Hua Securities recommends buying Tesla call options

Zhitong
2024.09.26 00:46
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Goldman Sachs analysts recommend buying call options on Tesla before the release of the third-quarter financial report on October 2nd and the Robotaxi event on October 10th. Tesla call options are one of the trades recommended by Goldman Sachs. The electric car giant currently accounts for 17% of all options trading volume in the S&P 500, surpassing Nvidia's 14%. Tesla will host a Robotaxi event on October 10th, where it is expected to announce its autonomous driving technology and business prospects. Goldman Sachs automotive industry analyst Mark Delaney also predicts that due to strong growth in the Chinese market, Tesla's third-quarter earnings will align with market expectations, with a 4% increase quarter-on-quarter and a 6% increase year-on-year. Goldman Sachs derivatives research director John Marshall stated: "(Delaney) believes that, given Tesla's production in the consumer business sector, vertical integration, and a narrower sensor suite, Tesla may have a cost advantage in scale over other autonomous driving car competitors." As of Wednesday's closing on the US stock market, Tesla rose by 1.08% to $257.02. The stock has only risen by 3% so far this year, significantly underperforming the broader market