As Elon Musk Hits $500B in Net Worth, Options Data Tells Us Tesla Stock Could Be Headed Here Next

Core Insights - Elon Musk's net worth has surpassed $500 billion, significantly influenced by Tesla's stock performance and the valuations of SpaceX and xAI, placing him $150 billion ahead of Larry Ellison [1] - Tesla's stock has increased approximately 100% from its year-to-date low in early April [2] Group 1: Tesla's Performance - Tesla recorded a record 497,100 vehicle deliveries in Q3, exceeding Wall Street's forecast of 448,000 and up from 384,122 in Q2 [4] - The increase in deliveries was largely driven by U.S. buyers taking advantage of the $7,500 EV tax credits before their expiration on September 30 [4] - Despite a 22.5% year-over-year decline in sales in Europe due to competition and consumer backlash, investor sentiment remains strong due to optimism around Tesla's robotaxi initiative and humanoid robots [3] Group 2: Market Sentiment and Projections - Options data suggests that investors are pricing in continued momentum for Tesla's stock, with expected trading ranges between $339 and $515 through December 19 [5] - The anticipated price movement through October 10 is 5.1%, with a lower bound of approximately $407 and an upper bound of about $451, indicating cautious optimism in the market [6] - Wall Street's consensus rating for Tesla is currently "Hold," with a mean target of around $332, suggesting a potential 25% decline from current levels [8]