Tesla (TSLA) Announces 6th Price Cut Ahead Of Earnings

Tesla (TSLA) earnings are to be released today, postmarket. Alex Coffey and Jenny Horne discus TSLA as it announced its 6th round of price cuts. They talk about how TSLA cut the Model Y "long range" and "performance" vehicles by $3,000 and cut the Model 3 "rear-wheel drive" by $2,000. They note that 2023 price cuts by vehicles were 11% for the Model 3 and 20% for the Model Y. TSLA is also expected to announce their slowest revenue growth number yet. Alex then demonstrates an example trade using TSLA. The trade type is a skewed put butterfly and the direction is neutral to bullish. Tune in to find out more about the stock market today.