Tesla earnings usually bring stock volatility. Options markets imply shares will move about 6% up or down following today's earnings report. Shares have moved an average of about 11% following the past four quarterly reports.

The Dow Jones Industrial Average and other major indexes opened lower on Wednesday as the yield on the benchmark 10-year U.S. Treasury note continued its upward climb, reaching 4.23%—a level not seen since July.

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

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.

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.