TSLA: Focus on Earnings July 23

Take a look at the last 10 earnings announcements for TSLA. Highlighted in yellow.

Couple of takeaways:

+++ 9 out of 10 times during the 8 or 13 days prior to earnings the stock traded in the lower half of the Bollinger bands. The exception was the July 2023 earnings announcement.

+++ That same July 2023 earnings event saw a meteoric rise in share price prior to earnings followed by a HUGE GAP Down on Earnings. Pump and dump would be a good way to describe the price action here.

This year is repeating the same pattern. However expect that as significant amount of the $300 BILLION in paper profits that were made on the rise from $170 to $270 will be taken off the table due to political uncertainty, indices at all time highs and delays to robotaxi event. So much uncertainty PRIOR to earnings is normal and expected.

Thus expect that TSLA will heavily fade into earnings next week.