Tesla’s earnings call tricked me again. 🤔 (7/24 Wednesday)
Hello, I’m a 20-something office worker investor, dividend shark.
Yesterday, the U.S. stock market showed the S&P 500 down -0.16%, the Nasdaq up -0.05%, and the Russell up +1.01%.
The Nasdaq and the S&P 500 were in place. (Up and then back out)
The reason for yesterday’s rise in the market is as follows.
- Russell Laughs Amid Quiet Big Tech, Eventful Tesla And Semiconductor Sector’s Decline
The biggest issue in the market yesterday is this guy.
“Tesla”
The stock is plunging -6.5% as Tesla reported earnings after the market closed, and eventually the earnings call showed worse-than-expected EPS.
The margin did not come back more than expected, and in the earnings call, Musk consistently refers only to “humanoids, self-driving, AI Dojo chips.”
Tesla investors expected Tesla’s electric vehicle sales to improve in the short term as it improved a little, but it was disappointing that it did not.
It was the only bad news left for Tesla, which was not resolved by this earnings call.
Importantly, Tesla was down about -2% during the session, but once again, the drop seems to be about -8% in total. (If you bought Tesla 3x, -24% would have been light.)
In addition, the semiconductor sector and big tech are also a little quiet, and in the end, it is time for a strong performance announcement from certain ai companies to improve the market atmosphere quickly.
The second quarter earnings report will be held for nearly a month, so we’ll look forward to the earnings announcements from Microsoft, Oracle, Nvidia and see if the trend turns:-)
Thank you for enjoying today, and I hope you all cheer up for Wednesday’s Won mining!!
Thank you 🙂 $tsla
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