Tesla Stocks Looks to Extend Losses Before Earnings

Core Insights - Tesla Inc's stock has decreased by 7.1%, trading at $224.28, making it one of the worst performers in the Nasdaq Composite [1] - Barclays has reduced its price target for Tesla from $325 to $275, citing unclear earnings visibility ahead of the upcoming first-quarter report [1] - Production delays for the U.S.-made, cheaper Model Y have been reported, adding to investor concerns [1] Stock Performance - Tesla shares have a year-to-date deficit of 44.4% and are on track for a third consecutive daily loss [2] - The stock has faced resistance at the $280 level since early March, with a longer-term resistance indicated by the declining 40-day moving average [2] Options Activity - Tesla was among the most popular stocks for options trading in the last 10 days, with over 13.4 million calls and 13.2 million puts traded [6] - The most active options contract was the April 240 put [6] - Tesla's total options volume over the past 10 days was 26,786,445, ranking it second among all equities [7] Earnings Expectations - Historically, Tesla stock tends to underperform post-earnings, finishing lower in six of the last eight sessions [8] - However, the stock has had back-to-back positive reactions to earnings in the last two years, averaging an 11.3% move regardless of direction [8] - Current options pricing indicates a 14.7% expected swing following the upcoming earnings report [8] Volatility Assessment - Tesla's Schaeffer's Volatility Scorecard (SVS) is 80 out of 100, indicating that the stock has outperformed options traders' volatility expectations over the past year [8]