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Tesla Is Approaching a Tipping Point

Next week, on Wednesday, January 24th to be exact, Tesla will report their calendar Q4 2023 earnings. For many traders and investors, Tesla’s earnings are big news every quarter but to be honest, I have never really paid them much attention. I have maintained a long position in TSLA for many years, off of which I have traded. I have trimmed it periodically when I thought the stock was overbought and added to it when it looked oversold. That has worked quite well, in part because Tesla is so divisive that it has regularly swung from one of those states to the other. The lovers and haters of the company, its founder, and its products are so passionate, however, that they typically don’t let facts like actual performance get in the way of their opinions, making earnings almost irrelevant. I follow the results, of course, but rarely have they prompted any action on my part, and I certainly don’t trade in front of them.

This quarter, though, is different. There are just so many risks around these earnings that I will be completely selling out of my long-held TSLA position before the release.

This quarter, not only will Tesla’s revenue and EPS be gone over with a fine tooth comb by everyone, but also every word uttered in the ensuing conference call for analysts and investors will be parsed to death. Tesla, it seems, is potentially at a tipping point one way or another, and what happens next week could set a course for the company, and therefore…

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