Tesla's 3rd qtr earnings report is due to be announced on October 20th after the close of trading. In earlier years the stock price rose into earnings, but in earlier years the stock price rose into just about any random date, so rising into earnings may not have had anything to do with earnings. However, the past 3 earnings reports saw the shares sideways into earnings. Notable is that the all time high for TSLA was on January 25, 2021, just two days before the January 27th 4th qtr 2020 report. Digging deep into expectations for this pending earnings release the street is expecting nothing but good news. I can't argue with those expectations, so one of two outcomes is likely: (1) Buy the rumor - sell the news of a record quarter in which the shares have already priced in good news with a summer 2021 run from $560 to $800, or, (2) As would not be surprising for Elon, even better news than anyone was expecting, via sales, revenues, profits, or all of the above. The company is virtually sold out through April, 2022. Everyone knows that, so how can he top that? Don't know, but he can. There is no special trade strategy for this report, beyond our long term buy and hold for shares and LEAPS, and a $100 deposit on a new Model Y or Cybertruck, or both. I have maintained from the beginning of my TSLA coverage that Tesla is following the path of Apple. If so, we all know what comes next. AAPL = 1400X IPO TSLA = 1400X IPO
