We analysed the performance of US structured products linked to the EV marker, which has reported a plunge in its quarterly profit this week.
The Texas-based company posted net income of US$1.1bn in the first quarter of 2024, down 55% from US$2.51 billion year-over-year. However, chief executive Elon Musk underscored Tesla’s commitment to introducing cheaper cars by early next year, sending shares up over 10% in premarket trading on the second day. With the help of the StructrPro tool, we analyse how structured products linked to Tesla shares, one of the most sought-after underlying assets globally , have fared in the US market