Tesla (TSLA) Recent price action: Two weeks before earnings ---> day of earnings: 2nd quarter 2020 +45% 1st quarter 2020 +47% 4th quarter 2019 +20% On Friday TSLA announced record 3rd quarter vehicle deliveries of 139,000. Next earnings (which will reflect profits from those record deliveries) will be on October 28th. Let the countdown begin. Analysis: Tesla Q3 Deliveries Imply Record Profits TSLA Earnings Calls Note: There is no guarantee that this will work this time, but the trade is there for the taking. No hurry, there are still 3.5 weeks to go before scheduled earnings. QQQ The market and especially the Nasdaq 100 has been dropping off of a September 2nd top. This coming week will provide clues as to how big a top it was, short-term, intermediate term or long term. We will start looking at November puts to make sure we are covered for the election and what could be a tumultuous few weeks thereafter.
