Ticker delayed 20 minutes
Avg Daily Volume: 7,204,636 Market Cap: 46.03B Sector: Consumer Goods Short Interest: 27.86 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.42/share REV: 6,330/M
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LAST QTR: EPS: -.36/share ACTUAL: -1.12/share (MISS)
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NEXT QTR: EPS: .32/share REV: 6,790/M
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FULL YR: EPS: -3.57/share REV: 24,540/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 30% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -14.84, -4.86, -4.78
EXPECTED JUMP MOVE: 8-12%
Links To Latest News and Headlines
Tesla dropped the base model Model Y. The new Long Range RWD costs $2,000 more. Senior exec Tom Zhu is shifting from global to China duties.
The UAW also notched up a historic victory when workers at the Volkswagen Chattanooga, Tennessee plant voted to join the union, as President Shawn Fain tries to organize non-union U.S. auto factories, most of them built by Asian and European automakers in southern U.S. states. Meanwhile, focus is on voting between May 13 and May 17 at a Mercedes assembly plant in Alabama on whether to join the UAW.
At the start of a new week, investors will be weighing the impact of a new Model Y version on Tesla’s sales and earnings.
Could the luxury EV maker be a deep value play for patient investors?
One Wall Street analyst paints scenarios where Tesla stock could trade as high as $460 or as low as $70 per share, saying $230 is mostly likely.
StockJumpers analysis and trade plans are uploaded generally 1 HOUR (3PM EST) for most events.
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ANALYSIS:
StockJumpers preliminary study reveals a negative market reaction to the target release. We are reviewing additional data – but it looks like a miss on some of the metrics. All eyes are on deliveries and future clues about any weakness in sales and deliveries. They may beat on the bottom line – but not going forward..
We are biased SHORT on the event.
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OUR TRADE PLAN:
ENTRY: SELL – end of day
STOP LOSS: NA
INITIAL PROFIT TARGET: 7%
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TRADE ASSIST: YES
POST RELEASE ACTION:
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
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