Gauging when Tesla may hit bottom and using options to trade it

Sometimes when things are moving fast, we need to slow down and wait. Such may be the case with Tesla shares. I’ll describe how options traders will bet the bottom is in and the levels they may find attractive to do so. Tesla (TSLA) announced what Gene Munster of Deepwater Management described Wednesday on CNBC’s “Fast Money” as “the most sobering outlook that I have seen from Tesla, when they talk about a notable step down in growth rates” As a stock, Tesla leaves a bit to be desired. It’s quadrupled revenues since 2019, but a naysayer will point out…