TESLA (TSLA)

EARNINGS RELEASE WEDNESDAY - OCTOBER 23 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

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

Dow Jones futures were in focus late Tuesday, as the coronavirus stimulus deadline looms. Netflix and Snap reported earnings.

COMPANY CLOSE UPDATES Terrence Horan Shares of Tesla Inc. TSLA shed 2.06% to $421.94 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP rising 0.

The Hummer electric pickup, which GM is unveiling Tuesday, takes on Tesla's upcoming Cybertruck.

Tesla earnings follow blowout Q3 deliveries, as production recovered from pandemic factory shutdowns.

The electric carmaker has stuck to its forecast of delivering half a million vehicles in 2020 despite a global pandemic and economic upheaval that has sunk most of its internal combustion rivals deep into the red. Analysts on average expect Tesla to report net income of $593 million in the third quarter on revenue of $8.4 billion, according to Refinitiv data. Several analysts, including Frank Schwope at Nord/LB, believe the positive numbers are due to regulatory credits – payments Tesla receives from other carmakers to offset their emissions.

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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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