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Barchart
Mark R. Hake, CFA

Tesla's Earnings Should Be Better in Q4 - Short TSLA Puts Now for Income

Tesla Inc. OTM

Tesla (TSLA) produced mediocre results for Q3, but at least it generated positive free cash flow. The numbers should be much better in Q4. Meanwhile, near-term out-of-the-money (OTM) put options are looking worth selling short as an income play.

Tesla said its automotive revenue was up just 5% year-over-year (YoY) during Q3, and total revenue was up just 9%. This was after automotive revenue rose 46% YoY in Q2 and total revenue was up 47%.

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