Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Craig Jones

Is There More Upside To Tesla's Stock After Thursday's Rally?

Goldman Sachs Nasdaq Tesla Inc. Michael Khouw

Shares of Tesla Inc (NASDAQ:TSLA) jumped almost 5% on Thursday, after Goldman Sachs maintained a Buy rating for the EV maker. Some traders are betting the stock may rise further.

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said Tesla was the busiest single-stock options, trading over 1.5 million contracts.

See Also: Elon Musk Wants To Slash 10% Tesla Jobs, Freeze Hiring Worldwide Due To 'Super Bad Feeling'

There were buyers of 124,500 of the June 3 weekly 800 calls at $5.72 per contract on average, Khouw mentioned. Trades see shares of Tesla rising at least 4% by Friday’s close, he added.

TSLA Price Action: Despite the gains on Thursday, shares of Tesla have lost more than 35% year to date.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
‘Every night was Halloween’ – how one ‘camera girl’ captured the madcap style of 80s New York
Grace Jones, David Bowie and Debbie Harry feature alongside lesser known dancers in Sharon Smith’s Polaroids of the city’s club scene, where dressing up was your passport into the creative world
The Guardian - UK
The Guardian - UK
Humans will soon be able to mine on the Moon. But should we? 4 questions to consider
By the end of this decade, nations and private companies may well be mining the surface of the Moon.
The Conversation
The Conversation
Garten reflects on Winfrey's "love tap"
Garten reflected on the special moment in her recent memoir, "Be Ready When the Luck Happens"
Salon
Salon
Justin Baldoni to reportedly file counterclaim against Blake Lively
Dispute between It Ends With Us co-stars escalates further with Baldoni’s lawyer claiming lawsuit will ‘shock everyone’
The Guardian - US
The Guardian - US
Jennifer Lopez's Cowgirl 'Fit Proves 2024's Barrel Leg Jeans Trend Isn't Going Anywhere In the New Year
She styled it with another stable staple.
Marie Claire
Marie Claire
“She Had A Nose Job”: Salma Hayek’s 1995 Casting Photo Goes Viral
A Polaroid photo shows Salma years before her breakout role as the famous Mexican painter in "Frida." The post “She Had A Nose Job”: Salma Hayek’s 1995 Casting Photo Goes Viral first appeared on Bored Panda.
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play