Tesla has successfully navigated a dangerous earning season by reassuring the market about production at the shutdown Chinese plat in Shanghai will bounce back and meet Q1 numbers. We expect gap to 1030 resistance with break above targeting first move back to 1080. Failure to break higher would be bearish given the market structure and a warning sign for the...
According to an interview released on Tuesday, Tesla CEO Elon Musk said he has now reached his goal of selling 10% of his shares. On the news Tesla shares rose 3.4% in the premarket and continued its bullish momentum after the stock market opened . During that time, Musk actually increased his holdings in Tesla due to the exercising of options. 1st resistance...
Extremely overbought after blowing off the all time highs on news of a 100k Hertz Tesla deal, we have seen a few days of consolidation and over the weekend some extremely troublesome tweets from the owner and founder Elong Musk. He tweeted, Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. then a...
Tesla has been charging higher recently but is overbought coming into the quarterly earning release. When we rally into the earnings the risks are skewed to downside from a positioning and disappointment point of view. Market is expecting good numbers but that may be priced in up here. Whilst it is possible for the numbers to beat the street I would worry about...