Bulls are rejoicing and shorts are scrambling after $TSLA earnings report.$TSLA delivered a surprise earnings beat and solid Q3 deliveries number. However, the top line tally of $6.3B relied on deferred revenue and was below expectations. It also marked Tesla's first annual sales decline since 2012.
JPMorgan is sounding some caution after seeing the initial 20% pop in shares. The analyst team doesn't think the quarter is a "breakout" moment for the EV automaker.
We think the risk/reward favors new shorts versus new longs.
As always, trade with caution and use protective stops.
Good luck to all!
JPMorgan is sounding some caution after seeing the initial 20% pop in shares. The analyst team doesn't think the quarter is a "breakout" moment for the EV automaker.
We think the risk/reward favors new shorts versus new longs.
As always, trade with caution and use protective stops.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/