Tesla earnings usually bring stock volatility.
Options markets imply shares will move about 6% up or down following today’s earnings report. Shares have moved an average of about 11% following the past four quarterly reports. Of those four, shares have dropped three of those times.
Shares decreased 12.3% after the company reported weaker-than-expected second-quarter earnings in July. Tesla reported adjusted earnings per share of 52 cents. Wall Street was looking for 61 cents. Earnings also included a $622 million restructuring charge likely related to employee layoffs. That made comparability with prior quarters difficult.