Yes....weekly options, frought with danger they are - says Yoda day trader.
That being said, there is still no official statement from Tesla with relevant details and the Bloomberg article says they can't get any info from the Shanghai officials. The devil is in the details, is this just an agreement in principle to agree in principle to work together sometime, or is there more info regarding site location, building schedule, tax benefits, targeted production capacity, tax incentives, JV info...? If there are no details, market will likely yawn and say, "Really, Tesla would like to produce in China someday? Quelle surprise!"