Tesla stock is falling for a fourth consecutive day headed into the company’s Wednesday third-quarter earnings report.Shares of the electric-vehicle maker were down 0.8% at $217.08 in early trading while the S&P 500 and Dow Jones Industrial Average had fallen about 0.

Indeed this broad range reflects a simple fact: while Tesla has transformed the auto business, it is a volatile stock.

Tesla (TSLA) on Wednesday is expected to report its earnings for the July to September quarter, offering a fresh chance for Wall Street to interrogate CEO Elon Musk on his plans.

Tesla stock retreated to start a big week of trading. Earnings are coming on Oct. 23.With deliveries known and Robotaxi Day in the rearview mirror, investors will focus on profit margins and electric vehicle demand.

The Q3 earnings season is now in full swing, and looking at the financial results so far, the news is pretty good. David Kostin, chief US

In order to move metal, Tesla has greatly reduced the average selling price of its vehicles. You can see this directly on its website but also downstream in used car prices. Used Tesla vehicles cost an average of $32,000 today vs. over $50,000 at the start of 2023.

The lack of clarity about the company’s short-term strategy may be weighing on the stock, which is down 13% this year.

Tesla (TSLA) has underperformed over the past few weeks following a disappointing production report and negative market reactions to its

Tesla’s stock has traded lower after six of its last eight reports, with the average stock price swings of plus or minus 10% in the past eight post-earnings days.

Over the last 10 days, Tesla stock has seen 8,908,453 calls and 5,475,024 puts traded. The October 220 call was the most popular during this time period, followed by the 225 call in the same series. Earnings will likely mean plenty of volatility for TSLA this week.

Tesla is about to announce its latest quarterly results. The stock could use a boost after the underwhelming robotaxi unveiling.