Tesla has the smallest market capitalization of the Magnificent Seven these days, and gets less buzz than Nvidia. But the electric-car maker stands out another way: the value investors place on it, relative to near-term profits.

The options over-under on how much Tesla's stock will move, in either direction, after earnings is a lot less than what investors may be used to in recent years. Straddles, which are [pure volatility

Tesla, Inc. has enormous intermediate- and long-term sales growth and earnings growth potential. Click here to find out why TSLA is upgraded to a Strong Buy.

Looking at how options markets are treating Tesla stock can give investors some idea of what kind of volatility to expect after the company posts third-quarter earnings results. Stock options give investors the right to buy or sell stocks for a specific price at a fixed point in the future.

The average analyst price target for Tesla's stock has increased by a lot since the last earnings report, even as the profit and sales estimates have stayed the same. Of the 53 analysts surveyed by FactSet who cover Tesla,

Tesla ($TSLA) shares slipped after the company posted mixed Q3 results, even as CEO Elon Musk outlined big plans for the company’s future in AI

Tesla is scheduled to report third-quarter results after the bell on Wednesday, and some traders are betting the electric vehicle maker’s stock will jump to its highest level since last December on the results.

Shares of Tesla have nearly doubled over the past year. It's a sharp contrast to the fundamentals. Revenue over the past 12 months has declined 3%, with a double-digit dip across all profitability metrics. As bad as things have been, things could be about to get worse.