#股票财报季
The more buzz the Roadster generates, the less willing I am to chase Tesla ahead of its earnings report.
The reason is simple: a product launch raises expectations, so the earnings report has to deliver more to satisfy investors.
A car that can take off may certainly grab attention, but mass production, deliveries, and making money all take time. If those things are priced into the stock early, buyers are taking on greater risk.
Third-quarter deliveries of 486,500 vehicles have already been announced, so that figure can’t be treated as a fresh surprise on earnings day. What matters is whether margins have improved and how much cash the company actually keeps after selling its cars. That will determine whether the results exceed expectations.
So here’s my take: the excitement around the Roadster is unlikely, by itself, to sustain a post-earnings rally. If earnings don’t keep up, the heightened expectations from the launch could instead lead to disappointment.
I wouldn’t chase a pre-earnings rally based solely on the flying-car angle.
$TSLA $GOOGLB
The more buzz the Roadster generates, the less willing I am to chase Tesla ahead of its earnings report.
The reason is simple: a product launch raises expectations, so the earnings report has to deliver more to satisfy investors.
A car that can take off may certainly grab attention, but mass production, deliveries, and making money all take time. If those things are priced into the stock early, buyers are taking on greater risk.
Third-quarter deliveries of 486,500 vehicles have already been announced, so that figure can’t be treated as a fresh surprise on earnings day. What matters is whether margins have improved and how much cash the company actually keeps after selling its cars. That will determine whether the results exceed expectations.
So here’s my take: the excitement around the Roadster is unlikely, by itself, to sustain a post-earnings rally. If earnings don’t keep up, the heightened expectations from the launch could instead lead to disappointment.
I wouldn’t chase a pre-earnings rally based solely on the flying-car angle.
$TSLA $GOOGLB