Tesla’s earnings are due out after the close on Wednesday and there is a lot of anxiety around the stock market right now with very few holding a bullish position. Tesla has been embarking on a large cost-cutting plan recently cutting prices for the Model Y five times this year already. This has meant a 24% reduction in cost for Model Y since January. Furthermore, Model Y is also eligible for the $7,500 federal tax credits which means that the Model Y can now be had for 10% less than the average price of a new vehicle sold in the US. So, will Tesla’s attempt to grab more of the US’s SUV market share pay off? Seasonally there is a mixed period ahead. Typically the second half of April has been a weaker time for Tesla’s shares, but the summer months have shown a stronger bias toward gains. How will Tesla’s shares perform over this earnings season? Remember the Federal Reserve meets early in May and that will give stocks the next clear catalyst when investors know just how firm the Fed will be in its ongoing inflation fight.
Major Trade Risks: The major trade risk here is that earnings show concerning signs or that investors are worried about Elon Musk’s latest announcement that he would like to launch a rival chat GPT AI to rival Microsoft and Google. How many projects can Musk actually manage? Remember, don’t just trade it, but Seasonax it!
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular ...
Disclaimer: Past results and past seasonal patterns are no indication of future performance, in particular, future market trends. seasonax GmbH neither recommends nor approves of any particular financial instrument, group of securities, segment of industry, analysis interval or any particular idea, approach, strategy or attitude nor provides consulting nor brokerage nor asset management services. seasonax GmbH hereby excludes any explicit or implied trading recommendation, in particular, any promise, implication or guarantee that profits are earned and losses excluded, provided, however, that in case of doubt, these terms shall be interpreted in abroad sense. Any information provided by seasonax GmbH or on this website or any other kind of data media shall not be construed as any kind of guarantee, warranty or representation, in particular as set forth in a prospectus. Any user is solely responsible for the results or the trading strategy that is created, developed or applied. Indicators, trading strategies and functions provided by seasonax GmbH or on this website or any other kind of data media may contain logical or other errors leading to unexpected results, faulty trading signals and/or substantial losses. seasonax GmbH neither warrants nor guarantees the accuracy, completeness, quality, adequacy or content of the information provided by it or on this website or any other kind of data media. Any user is obligated to comply with any applicable capital market rules of the applicable jurisdiction. All published content and images on this website or any other kind of data media are protected by copyright. Any duplication, processing, distribution or any form of utilisation beyond the scope of copyright law shall require the prior written consent of the author or authors in question. Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
