Goldman Sachs Urges Tesla Call Options as Robotaxi Event Looms

Goldman Sachs analysts have recommended investors purchase Tesla call options ahead of two significant events in October: the release of its third-quarter earnings on October 2 and the Robotaxi event on October 10. These events are expected to potentially impact Tesla's stock positively.

Tesla, a dominant force in the electric vehicle market, currently represents 17% of all options trading volume on the S&P 500, surpassing Nvidia's 14%. This positions Tesla as a prime candidate for bullish trading strategies, further supported by Goldman's advice.

The upcoming Robotaxi event is anticipated to showcase Tesla's advancements in full self-driving technology and business prospects. This could provide insights into Tesla's future growth trajectory and technological leadership in the autonomous vehicle space.

Goldman's automotive analyst, Mark Delaney, projects that Tesla's third-quarter earnings will align with general market expectations, predicting a 4% quarter-on-quarter growth and a 6% year-on-year increase, largely driven by robust expansion in the Chinese market.

John Marshall, Goldman’s head of derivatives research, highlighted Tesla's competitive edge in the autonomous vehicle sector. He emphasized Tesla's production capacity, vertical integration, and streamlined sensor suite as factors that may yield cost advantages compared to other competitors in the self-driving arena.

As of the latest market close on Wednesday, Tesla shares increased by 1.08%, reaching $257.02. Despite this uptick, the stock has only risen 3% this year, underperforming compared to the broader market indices.