Tesla plumets after earnings
Tesla has been good to me over the last month. I started trading weekly options on Tesla and have done very well. Tesla as a traded stock is fun, volatile and is one of the most heavily trade stocks pertaining to the options.
After the market close yesterday Tesla reported earnings of:
EPS Normalized Actual $0.91 (Beat by $0.09)
EPS GAAP Actual $0.78 (Beat by $0.10)
Revenue Actual $24.93B
Revenue Surprise Beat by $200.35M
Yet the conference call didn’t go so well. Tesla stock price dropped like a rock in the depth of Smith Lake, Alabama.
I’m going to listen to the conference call on Seeking Alpha to day on my drive back home, but something was said that caused the stock price to plumet. Or was just as simple as buy on the rumor, sell on the news?
Big drop in after hours a well. Earnings came in at:
EPS Normalized Actual $3.29 (Beat by $0.43)
EPS GAAP Actual $3.29 (Beat by $0.44)
Revenue Actual $8.19B
Revenue Surprise Miss by -$103.18M
I have to believe that we are coming to the end of this three month run up in A.I., headline driven stock run up. The gains are so high in such a short time. Be careful out there.
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