Tesla stock was edging up in premarket trading Wednesday having dropped in the previous session after the National Highway Traffic Safety Administration launched an investigation into a new feature on its vehicles.

The stock's fall snapped a two-day winning streak.

Financial writer analyzes Tesla, Inc.'s performance, citing issues with declining deliveries, inflated valuation, and lack of growth. Click for this TSLA update.

Tesla bounced back on Friday, closing up 8.2% on the day. As a reminder, a bull put spread is a defined risk strategy, so you always know the worst-case scenario in advance. This type of trade will profit if Tesla stock trades sideways or higher.