TSLA Dividend Type Payments
Although TSLA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Tesla, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 3:35 PM ET):
| Tesla, Inc. (TSLA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 316.41 | 316.44 | 316.44 | +2.93 | 67.7M | 172 | 1,010B |
TSLA Dividend-Like Income Using Covered Calls
With TSLA at 316.44, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 9.49 | 2.6 |
| 5% | 15.82 | 4.3 |
| 10% | 31.64 | 8.7 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
| 3% Yield On TSLA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 315.00 | 17.80 | 19 | 86.1 | 0.00 (0.0%) | |
| Aug 8 | 315.00 | 19.95 | 26 | 71.2 | 0.00 (0.0%) | |
| 5% Yield On TSLA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 315.00 | 17.80 | 19 | 86.1 | 0.00 (0.0%) | |
| Aug 8 | 315.00 | 19.95 | 26 | 71.2 | 0.00 (0.0%) | |
| 10% Yield On TSLA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 315.00 | 17.80 | 19 | 86.1 | 0.00 (0.0%) | |
| Aug 8 | 315.00 | 19.95 | 26 | 71.2 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | BYON dividend | |
| 2. | SLV dividend | 7. | GLD dividend | 2. | PRCT dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | CELC dividend | |
| 4. | TSLA dividend | 9. | IBIT dividend | 4. | FULC dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | QS dividend | |
Want more examples? TSL Dividend | TSLX Dividend
