Tesla’s earnings call tricked me again. 🤔 (7/24 Wednesday)

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.

1. 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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