TSLA Earnings
TSLA has been on a rampage lately, and it is safe to say that this is a highly volatile stock. The ER is today (Wed, Jul 22) and will be announced AH. Given the hinderances imposed on almost all Americans during the Coronavirus pandemic, despite the major run-up TSLA has had, my personal opinion is that EPS will miss expectations. My guess is that the insane bull run by TSLA was purely on earnings anticipation and bandwagoning, and it is due for a huge pullback after the ER. In the coming weeks I believe it is likely that TSLA could fall back into the 1200s area after the ER release and the hype (for the most part) subsides. It may try to test the support trend line before ultimately breaking and gapping down, but after all, it is TSLA, and it has surprised us many times before. If you plan on trading the ER for TSLA, please be aware of the IV on it and do your own research before executing any trades. TSLA is an amazing stock but it will burn you if you are not careful.
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