Options analyst Tony Chang, a very pessimistic about Tesla (Tsla), has unveiled the unveiled options on the name today on the Shawab network.
Why Zhang is bound on TSLA shares
Zhang stated that the evaluation of Tesla is “incredibly rich”, and the auto company has lost its share in the market for its Chinese competitors in Europe, Asia and the United States.
Moreover, the auto manufacturing company is likely to be hurt due to the deterioration of consumer confidence in the United States, while the performance of its shares may be undermined by twice the stock market.
The delivery of the company in the first quarter was much lower than expectations, as the analyst pointed out.
Zhang options trade rolling trade
The analyst recommended that traders buy May 2 at a $ 255 strike price and sell May 2 at a $ 210 strike. Traders who use this strategy will pay $ 15 in installments for each spread.
The last procedure for TSLA share
Last month, stocks decreased by 2 %, and decreased by 38 % in the past three months. During the past year, they jumped by 41 %.
While we admit the potential of TSLA, our conviction lies in the belief that artificial intelligence shares are more promises to make higher returns, and do so in a shorter time frame. Amnesty International has increased since the beginning of 2025, while famous artificial intelligence shares have lost about 25 %. If you are looking for an Amnesty International’s more promising share than TSLA but is trading less than 5 times its profits, check our report on this The cheapest inventory of artificial intelligence.
Read the following: 20 best Amnesty International purchase shares now and 30 best shares for purchase now according to billionaires
Detection: Nothing. This article is originally published in Insider Monkey.
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