TSLA

[wxytrader]

If Tesla reported earnings down 48%, and revenues were down 9%, why is it up 9% in aftermarket trading?


https://www.cnbc.com/2024/04/23/tesla-tsla-earnings-q1-2024-.html

Because , once again, the chart doesn't give an f about earnings reports..it is just following its pattern or extension.

 

[p0box4]

Because , once again, the chart doesn't give an f about earnings reports..it is just following its pattern or extension.

Actually it's the other way around .

The market doesn't give a f about patterns when the fundamentals come into play.
Cocoa is a perfect example for that in the last few months.

Tesla didn't go up right after earnings because of some fancy chart pattern but because Tesla is pushing affordable models forwards.

 

[wxytrader]

Actually it's the other way around .

The market doesn't give a f about patterns when the fundamentals come into play.
Cocoa is a perfect example for that in the last few months.

Tesla didn't go up right after earnings because of some fancy chart pattern but because Tesla is pushing affordable models forwards.

So guys are so clueless...its all determinism.

 

[vanzandt]

Hmmm. Where'd tsla close today?
$168?
Imagine that.

I really should get a paycheck here.
Two weeks out, a billion plus shares, and a trillion dollars in options traded in between.
One picture says it all.
https://www.elitetrader.com/et/threads/tsla-crashes-to-5-per-share.371677/page-41#post-5958319
And one like given at ET.

 

[NoahA]

Hmmm. Where'd tsla close today?
$168?
Imagine that.

I really should get a paycheck here.
Two weeks out, a billion plus shares, and a trillion dollars in options traded in between.
One picture says it all.
https://www.elitetrader.com/et/threads/tsla-crashes-to-5-per-share.371677/page-41#post-5958319
And one like given at ET.

Do you take your own trade calls? For a decent size?

 

[wxytrader]

Do you take your own trade calls? For a decent size?

It's not even worth trading with less than 50k to 100K. That's what I always tell everybody. You're not going to get anywhere leveraging 10K.

Here's some things I don't do.
I don't diversify. I don't use stops. I don't dollar cost average. I don't do dividends.

 

[vanzandt]

Do you take your own trade calls? For a decent size?

Does it matter... if they're right? To you or anyone else? Be glad I share. I don't post for the members here... that's a waste of time... I post for the voyeurs.

 

[vanzandt]

Somewhere around 5 and a half.

 

[athlonmank8]

You could get 10 different answers to that question and they all might end up being correct.

Stock is very weak compared to it's averages. Going to chop IMO. 176 then possibly 188ish. Re-evaluate at 190. If there's no economic downturn then grind to 270 over the course of a year.

190 premarket

 

[vanzandt]

That's usually how it works. Any idea on how high it will go? What if a ton more shorts piled on today? And then it gets to $168 and a whole new batch of shorts piles on to join the party, followed by $174, and then a biggie to $182.... then $195? Where's the rain end?

Or, if none piled on, then it heads back down. I mean your statement is 100% correct, but it's also 100% painfully obvious. No disrespect. The question is, do you have the financial wherewithal to jump in and play it short now? And at what level? Make no mistake, this is not directed at you personally, it's to anyone that thinks they can predict $TSLA based on fundamentals OR TA.

The only thing that matters with near term moves is which direction makes a select handful of unfathomably deep pockets armed with unfathomably powerful computers, and unfathomable access to unfathomable amounts of order flow data on both the options and the underlying... the most money. The higher it goes, the higher it will go. Until the weight on one side of the boat shifts to the other side.

But whatever. Jmho. You guys are all smarter than me. But TSLA has never been worth what it trades at. No one can deny that, and those that don't learn from history.... may the force be with em.

lol