Tesla's Record Quarter - Elon Musk Delivers Again

Tesla reported a record quarter after the market today, sending its stock up +5.57% aftermarket:

Source:  Business Insider

With a record quarterly report, and the stock is merely up +5.57% in the after-hours trading - this tells you something about the over market conditionsTSLA closed at $977.2 and traded at $1031.6 at the time of this writing:

TSLA

(Click on image to enlarge)

Looking at TSLA's daily chart, it seems that TSLA can go higher tomorrow.  We could see a test to $1100, although it might take a few days.  TSLA's good fortune will spill to other EV-car makers in China tomorrow.  So, take a peek into the likes of NIO and XPEV.

With this earnings performance, Elon Musk is primed to gain a $23 billion compensation.  Joking aside, this bonus is more than half of his bid of $43 billion for Twitter.

Tech stocks have been beaten down, especially with NFLX's collapse today.  I think Nasdaq may be ready for a bound tomorrow riding the TSLA wave.  Also, tech juggernauts will be reporting next week, with MSFT, AAPL, GOOG, AMZN, and FB all lined up.  Buyers will start to lay their positions.  Lots of interesting stocks to look at tomorrow.

Have fun and HappyTrading! ™

Disclosure: Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no ...

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