Home Options Trading Advantage Options – Shares of Tesla Volatile on Model 3 Deliveries

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Shares of Tesla bounced back from a sharp decline after the company reveal on January 3rd after market hours that Model 3 deliveries had reached about half of their target. The stock preceded to drop from 317.00 before the news down to as low as 305.68 in trading going into the opening of Thursday’s session. However, they then preceded to bounce back to as high as 318.53 before settling the day at 314.62, down about -0.83% for the session. Part of the reason for the bounce back is that many Tesla enthusiasts expected the company to deliver even fewer Model 3’s than the company ended up doing, and thus the results were better than expected in that sense. Expect more volatility going forward for TSLA as traders continue to digest the future prospects of the company.

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