Investors are considering their best course of action as Tesla is ready to deliver its quarterly earnings report. Since Tesla is typically erratic around earnings announcements and the stock has increased by nearly 400% in the previous year, some investors could be concerned about a potential decline.

Ahead of Tesla’s earnings report, there are a few alternative ways to wager on the company. Investing in Tesla Coin, a cryptocurrency linked to the value of the company’s equity, is one tactic. Investors can access Tesla without having to purchase the stock outright with Tesla currency.

Another tactic would be to use options to wager on the share price of Tesla. Tesla stock can be purchased or sold by investors using options at a predetermined price.​​

What is Tesla coin?

A cryptocurrency called Tesla coin is linked to the value of the company’s equity. Investors can access Tesla without having to purchase the stock outright with Tesla currency. Tesla coin is available for purchase and sale on a variety of exchanges, much like other cryptocurrencies.

Best strategies for betting on Tesla share price

1. Place a bet on Tesla before earnings are released

If you believe that Tesla is going to continue to post strong results, then you may want to consider placing a bet on Tesla stock before the company reports its fourth-quarter and full-year earnings.

2. Consider buying Tesla calls

Another way to bet on Tesla’s strong performance is to buy Tesla call options. This strategy will give you the potential to profit if Tesla’s stock price rises after earnings are released.

3. Wait for Tesla’s stock price to drop after earnings and then buy shares

If you think that Tesla’s stock price may drop after the company reports its earnings, you could wait for a pullback and then buy shares of Tesla stock. This strategy could help you get Tesla stock at a discount.

4. Wait for Tesla’s stock price to drop after earnings and then sell short

If you think Tesla’s stock price may drop after the company reports its earnings, you could wait for a pullback and then sell Tesla stock short. This strategy will allow you to profit if Tesla’s stock price declines.

5. Tesla’s stock price may rise after the company reports its earnings

If you think Tesla’s stock price may rise after the company reports its earnings, you could buy Tesla stock and then sell it after the price increases. This strategy will allow you to profit if Tesla’s stock price rises.

6. Tesla’s stock price may be volatile after the company reports its earnings

If you think Tesla’s stock price may be volatile after the company reports its earnings, you could buy Tesla stock and then sell it after the price moves in either direction. This strategy will allow you to profit if Tesla’s stock price rises or falls.

7. Tesla’s stock price may stay the same after the company reports its earnings

If you think Tesla’s stock price may stay the same after the company reports its earnings, you could buy Tesla stock and then sell it after the price increases or decreases. This strategy will allow you to profit if Tesla’s stock price rises or falls.

The perks of having Tesla shares

If you’re thinking about buying Tesla stock, there are a few things you should know. Tesla is one of the most innovative companies in the world, and its shares have outperformed the market in recent years. Tesla is also a leader in electric vehicles and renewable energy, which are two of the most important growth industries today.

Here are a few reasons to consider buying Tesla stock:

1. Tesla is an innovative company

The company designs, manufactures, and sells electric vehicles and batteries. Tesla’s products are some of the best in the industry, and its cars are coveted by celebrities and everyday consumers alike.

2. Tesla’s shares have outperformed the market

Tesla’s shares have outperformed the market in recent years. In fact, Tesla was one of the best-performing stocks of 2020. Tesla’s stock price has more than quadrupled since 2016.

3. Tesla is a leader in electric vehicles and renewable energy

Tesla is a leader in both industries. Tesla’s electric vehicles are some of the best on the market, and the company is investing heavily in solar and battery technology.

4. Tesla has strong financials

Tesla has reported positive earnings for four consecutive quarters. Tesla also has a strong balance sheet, with over $9 billion in cash and no long-term debt.

5. Tesla is a disruptive force in the auto industry

Tesla’s direct-sales model and focus on technology are shaking up the traditional dealership model. Tesla’s cars are also some of the most technologically advanced on the market, with features like autonomous driving and over-the-air updates.

Overall, because they have the potential to produce large profits, Tesla shares are absolutely worth buying. Tesla is a growth stock, and over the past five years, its share price has been climbing gradually. The company is in a good position to expand going forward because to excellent fundamentals.

Investors who purchase Tesla stock should be conscious that the stock is erratic and that price changes could be severe. Tesla shares, however, are probably going to offer investors solid returns over the long term.

Conclusion

No matter which strategy you choose, make sure to use stop-losses and manage your risk carefully. Tesla is a volatile stock and anything can happen during earnings season.

Happy trading!