Tesla (TSLA) shares have already staged a meaningful comeback in recent months, but the options market indicates a further extension is possible after the company’s earnings on Oct. 21. Consensus is for the electric vehicle (EV) maker to record $0.22 a share of earnings (EPS) for its fiscal third quarter, which would actually represent a 40.54% decline on a year-over-year basis.
Heading into the quarterly print, Tesla stock trades more than 25% above its year-to-date low from late July.