Party has just begun
Tesla’s earnings report looks decent to me. Reasons for the sell off could be the following:
- Classic buy the rumours, sell the news aka profit taking
- Market is forward looking, and thus pricing in the prospect of potential more price cuts ahead, as well as slower production due to factories upgrade
Netflix plummeted, and the reasons can be attributed to:
<ul style="list-style:'none outside';"> <li dir="auto">- Both revenue and next quarter’s performance guidelines fell short of expectations</li>
<li dir="auto"></li>
<li dir="auto"></li>
</ul> It, however, reported a record 5.9 million subscribers. Again, the earnings doesn’t look too bad.
We just have to acknowledge that market can be irrational at times. It will be more interesting as the market opens later.
More tech giants will report their earnings next week. The party has just begun.
Netflix plummeted, and the reasons can be attributed to:
<ul style="list-style:'none outside';"> <li dir="auto">- Both revenue and next quarter’s performance guidelines fell short of expectations</li>
<li dir="auto"></li>
<li dir="auto"></li>
</ul> It, however, reported a record 5.9 million subscribers. Again, the earnings doesn’t look too bad.
We just have to acknowledge that market can be irrational at times. It will be more interesting as the market opens later.
More tech giants will report their earnings next week. The party has just begun.
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