TeslaShort
TSLA Downtrend and before and after earnings moves
Hello traders, in this chart I am sharing with you what I have been observing in moves of Tesla stock before and after earnings. As you can see Tesla stock is downtrending. You can see patterns of movement around earnings to forecast what is ahead. Considering what Elon said during annual shareholders’ meeting, Tesla is not immune in the 12 month from the market’s volatility due to economical, geopolitics and other external factors.
From Elon’s speech:
“This is going to be a challenging 12 months, I sort of want to be realistic about it that Tesla is not immune to the global economic environment. I expect things to be just at a macroeconomic level difficult for at least the next 12 months. Like, Tesla will get through it, and we'll do well and I think we'll see a lot of companies go bankrupt. I want to make sure this is not just the "good news parade." - Elon Musk
From Elon’s speech:
“This is going to be a challenging 12 months, I sort of want to be realistic about it that Tesla is not immune to the global economic environment. I expect things to be just at a macroeconomic level difficult for at least the next 12 months. Like, Tesla will get through it, and we'll do well and I think we'll see a lot of companies go bankrupt. I want to make sure this is not just the "good news parade." - Elon Musk
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