Tesla Stock Is Off Its Lows and Still Looks Undervalued - Good for Short Put Income Plays

Tesla Inc (TSLA) stock is up about 10% from its recent lows last month, and TSLA still looks undervalued here based on its FCF. Its put option premiums are still high, which is good for short-put plays for income.

TSLA is trading for $178.33 on Tuesday morning, April 9, up about 9.7% from its March 14 close of $162.50. Moreover, this is despite the company's recent release of its quarterly production and deliveries with poor results.