Tesla Earnings: Traders Expect Muted Reaction Despite Volatile Year

Traders expect less volatility than usual for Tesla stock after earnings. A straddle options strategy implies a 5.6% move.

The expected move is below the 6.6% average Tesla stock has moved after the past 12 earnings.

Tesla is expected to report Q3 EPS of $0.73 on revenue of $24.2 billion.

Tesla stock is down 16.7% in the past 3 months but up 98.4% year-to-date.

The S&P 500 is down 4.9% in the past 3 months and up 12.8% year-to-date.