Tesla hasn't had price action reach the 30% envelope (using 20 day) since Feb 2014. Really overbought here even for a post-earnings move mainly due to high short position and margin call squeeze. Midpoint of the pitchfan seems like the target for Friday's close. Fade for next week or two.
Personally, I think the Q3 earnings was good but not amazing. Low spend on capex and recognizing deferred revenue helped cash flow and top line figures. Operational efficiency to boost earnings is important but "more profit on less revenue" isn't doing it for me.
Personally, I think the Q3 earnings was good but not amazing. Low spend on capex and recognizing deferred revenue helped cash flow and top line figures. Operational efficiency to boost earnings is important but "more profit on less revenue" isn't doing it for me.
Comment:
Caught some money on the initial dip and got out. It's a beast!
