Tesla Stock Soars After Ride-Hailing Permit: Options Market on Fire!

Ladies and gentlemen, buckle up! Tesla stock is ON FIRE! The electric vehicle giant just received a ride-hailing permit, and the market is going wild. The stock price is climbing like a rocket, and the options market is popping like never before. This is a game-changer, folks! Let's dive into the details and see why you need to pay attention to this explosive news.

First things first, the permit is a HUGE deal. It opens up a whole new revenue stream for Tesla, and the market is reacting in a big way. The stock price has surged, and the options market is seeing unprecedented activity. This is a no-brainer, folks! If you're not already in Tesla, you need to get in now!



The bid-ask spread is narrowing, indicating higher liquidity. This means more buyers and sellers are willing to negotiate, and the market is moving fast. The data displayed in the quote bar updates every 3 seconds, allowing you to monitor prices in real-time. This is a trader's dream, folks! The market is moving, and you need to be ready to act.

Now, let's talk about the analysts. They're all over the place with their price targets and recommendations. The median target is $251.29, with the lowest estimate at $115.00 and the highest at $550.00. This wide range suggests varying levels of optimism about Tesla's future performance. For instance, Wedbush Morgan Securities Inc. has maintained a "Buy" rating with a price target of $550, indicating a strong belief in Tesla's potential for growth. In contrast, Guggenheim has maintained a "Sell" rating with a price target of $170, suggesting a more cautious outlook.

The consensus rating for Tesla stock is "Buy," based on 50 buy ratings, 21 hold ratings, and 20 sell ratings. This consensus rating reflects a generally positive sentiment among analysts, who may be considering various factors, including potential new developments like the ride-hailing market, when making their recommendations.



Now, let's talk about the options market. The volume is through the roof, and the implied volatility is skyrocketing. This is a classic case of FOMO, folks! Everyone wants a piece of the action, and the market is responding in a big way. If you're not already in the options market, you need to get in now!

The pre-market and after-hours trading sessions are seeing increased activity as well. Investors are trading in the Pre-Market (4:00-9:30 a.m. ET) and the After Hours Market (4:00-8:00 p.m. ET). Participation from Market Makers and ECNs is voluntary, which can lead to less liquidity and inferior prices. However, significant news can still drive trading volume during these sessions, as seen in the pre-market and after-hours trade data posted on Nasdaq.com.

In conclusion, Tesla stock is on fire, and the options market is popping. This is a game-changer, folks! If you're not already in Tesla, you need to get in now. The market is moving fast, and you need to be ready to act. This is a no-brainer, folks! Tesla is the future, and you don't want to miss out on this opportunity. So, get in now and ride the wave to the moon!