$TSLA Tesla's quarterly deliveries have continued to decline, combined with Musk's high-profile political involvement, putting short-term sentiment under pressure, with after-hours trading once dropping over 7%.
Options data shows that the implied volatility for 30 days remains above 60%, but is at a relatively low level within the annual volatility range; the near-term Put/Call ratio for July is close to 1, indicating an overall neutral to bearish hedging sentiment.
In the medium to long term, autonomous taxis and the progression of FSD remain the core bullish narrative that the market is focused on, with attention on the subsequent stabilization of market share in China and the potential impact of political and business controversies on the brand.