Does anyone have opinions on upcoming TSLA earnings?
The evidence I have is that it will cause a drop, potentially moderate. The market in general is bearish, TSLA is starting a bearish MA stack, they are under delivering on cars, orders are down y/y, they arr experiencing some tariffs supply chain challengers, cybertruck isn’t a huge hit, their P/E(I know people hate this metric) is over 100 which is insane, and I’m guessing there will be a massive report of cancellations on orders because, political or not, no one wants their car vandalized and due to the political shit TSLA is under attack.
I actually think I’m long on TSLA over 5+ years. As blazin often says, it’s not a car company and elon is motivated and has no shits given. I think they’ll crush self driving, personal robots, AI and more. The company is going places but I feel like it’s in for some short term pain.
my current plan is something like hedged puts on Tuesday’s earnings and after it settles at a lower resistance buy in for the long haul back up to highs.
anyone have thoughts or know anything I don’t?