Tesla Options Volume Surges with 2x ETF Bets; Waymo Unveils Ojai Robotaxi
TSLA•Tesla options volume surged as retail traders adopted newly issued 2x leveraged ETFs for cost-efficient call exposure, boosting volatility in its derivatives market. Meanwhile, Alphabet’s Waymo rolled out its four-seat Ojai robotaxi for public rides in California and Arizona, elevating competitive pressure on Tesla’s autonomous ridehailing ambitions.
1. Options Market Momentum Grows for Tesla
Retail options volume in Tesla has climbed this week as traders leverage newly launched 2x ETFs on Tesla to gain cost-efficient exposure to its shares. These leveraged products, which aim for double daily returns, have driven heightened volatility in Tesla’s derivatives market, drawing comparisons to the 2020 momentum rally in AI-driven tech names.
2. Waymo Introduces Ojai Robotaxi Competitor
Alphabet’s Waymo unveiled the four-seat Ojai robotaxi, set to offer free public rides in San Francisco, Los Angeles and Phoenix before broader rollout. The purpose-built vehicle features a spacious cabin, flat floor and the latest self-driving system, intensifying competition for Tesla’s planned autonomous ridehailing service.
