---
title: "Options traders bet $550M against Tesla ahead of earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293245399.md"
description: "Ahead of Tesla's Q2 earnings, options traders have established approximately $550 million in net short delta exposure, signaling a bearish sentiment. Analysts note that the 'Elon Musk premium' is fading due to unclear fundamentals, weakening technicals, and declining vehicle deliveries and net income. While Q1 2026 showed revenue growth, concerns persist over margin pressures and competition from rivals like Rivian, whose R2 model directly challenges Tesla's core SUV lineup."
datetime: "2026-07-20T18:33:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293245399.md)
  - [en](https://longbridge.com/en/news/293245399.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293245399.md)
generator: "portal-rs"
---

# Options traders bet $550M against Tesla ahead of earnings

Quick ReadTSLA net income crashed 47% in 2025, yet the stock trades at a P/E near 377 as Elon Musk's premium fades heading into Q2 earnings.RIVN's R2 SUV launches directly against Tesla's Model Y as Q1 deliveries jumped 20%, backed by a $4.5 billion DOE loan.Mike Cohn noted options traders went net shorter by $550 million in a single day, with Sept...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**