My thoughts on Tesla after earnings

The earnings report was okay to me. I'm not sure I totally get the hype. I mean they did well, but nothing caught my attention and made me say - yes this is the report that send its up another 100% to a $600B valuation! I actually left the report thinking it could chop sideways for a while. But here's the thing...

People have been bearish on Tesla for the longest time and it continues to outperform everyone. So don't make any crazy bets. Don't play hero ball. Just watch it and be happy they are making great electric cars. Today one share of Tesla is equally to an ounce of gold. That's quite the decision to make :)

Going forward, the one big risk is Tesla made $420 million in regulatory credits this quarter and over $1 billion the last four quarters. What are credits? It's money given to the company from the government for not polluting. I love green energy and mother nature. But net income was $104 million. So if those credits go away... but to be fair a lot of companies get tax credits and help from the government. And in this case I do agree with more green energy and green solutions.

Just something to think about.