Big Tech Talisman Tesla's Big Day

Tesla, Inc. $Tesla Motors(TSLA)$ is set to report Q1 2022 earnings after market close on April 20. Would Tesla being the 'T' in 'FANGMAN+T' be the talisman for big tech, who are queuing up to report in the blockbuster earnings week of 25 April onwards?

After Netflix $Netflix(NFLX)$ ‘crashed and burnt’ post Q1 earnings, there might be nervousness in how the other big tech, Facebook (Meta), Amazon, Alphabet (GOOG), Microsoft, Apple and Nvidia might perform and their forward guidance.

Positive TSLA

Despite supply chain constraints due to pandemic and geopolitical issues, TSLA reported stellar numbers for Q1, delivering 310,048 EVs globally, a 68% increase from corresponding Q1 last year. Outlook while clouded by Shanghai factory temporary halt, longer term worldwide production and delivery numbers are expected to rise sharply this year, with Gigafactory Berlin and Austin coming online. Come 2023, new products such as Cyber Truck, Roadster and the long-delayed Tesla Semi would further boost TSLA’s position as the top EV maker. Together with recent four consecutive quarters of EPS beat, and potentially positive outlook, Tesla looks unstoppable.

Negative TSLA

On the flip-side however, recent Musk shenanigans with buying out Twitter might cause some worry, and extreme left-field theory has it that it is a ‘manufactured’ distraction, to divert from a potentially underwhelming quarterly report and other headwinds.

‘Cowboy’ Elon Musk ‘cyber rodeo’ opening of Austin Gigafactory. Photo credits: Suzanne Cordiero/AFP via Getty Images

Chart Reading

I can’t read tea leaves (predict the future) and all these 'noises' might be overwhelming to process. Maybe we should focus on the price action and see what the market generated information tells us about TSLA stock price. From Daily chart, TSLA price has been on a dominant downtrend channel since Nov 2021. If earnings and outlook are positive, one could go Long, with upside target of 10.33% to the top of the channel around $1,145. If TSLA did a ‘NFLX-like’ price action, the bottom of the channel would likely give way, and a drop of at least 7.3% to 200 MA, around $890 could be on the cards, presenting Short opportunities.

Daily Chart of TSLA

# Q4 Earnings Season

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  • Shawn287
    ·2022-04-22
    How to complete with Tesla for EVs especially if there are pioneers, perhaps we should start riding off Elon Musk
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    • muiee
      Yes join them and ride their coat tails
      2022-04-22
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    • NgKenny
      Like
      2022-04-22
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  • HSTew
    ·2022-04-22
    I personally think Netflix next supporting value will be 200
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    • muieeReplying toAnaiAnai
      Pls share more about “no value”
      2022-04-22
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    • AnaiAnai
      no value
      2022-04-22
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    • muiee
      Thanks for sharing your view. Agree price action seems to be moving toward round number and strong support around 200 [666]
      2022-04-22
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  • TyLim
    ·2022-04-22
    tesla for the win!
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    • eo1668
      gogogo!
      2022-04-22
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    • muiee
      FTW🤙
      2022-04-22
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  • All in Tesla
    ·2022-04-22
    Invest Tesla in long term. In year 2025 you’ll see how cheap the stock back then and regret not buying 😉
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    • muiee
      Good point. Remembered someone said it was expensive at 350. Decide when to get in based on investing aim and time frame
      2022-04-22
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  • Juanlee
    ·2022-04-22
    Tesla is the last stock standing strong in the current market-crashing storm
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    • muiee
      Wow [Wow] like your analogies [666]
      2022-04-22
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  • STLoke
    ·2022-04-22
    Maybe we should focus on the price action and see what the market generated
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    • muiee
      Agree trade the price not the news or rumour [Salute]
      2022-04-22
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  • 呆呆的羊
    ·2022-04-22
    这篇文章不错,转发给大家看
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    • muiee
      [Heart][Heart]
      2022-04-23
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  • ramondk
    ·2022-04-22
    Wait for price correction then buy a bit
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    • muiee
      Good idea, might retrace below $1K Next lower level if reached ~900 bottom of downtrend channel
      2022-04-22
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  • MichT
    ·2022-04-22
    Big day, big money to invert too
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    • muiee
      Thank you TGIF !
      2022-04-22
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  • zhaocaimeow
    ·2022-04-23
    go tesla go go go
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    • muiee
      🙏 thank you 🚀 go
      2022-04-24
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  • xiaochoochoo
    ·2022-04-23
    be happy
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    • muiee
      [Happy]
      2022-04-24
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  • 88wlam88
    ·2022-04-22
    The electtified TSLA is shooting to the moon..
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    • muiee
      Not sure what you meant but sounded impressive *joking* [666]
      Thanks for your support [Heart]
      2022-04-22
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  • phongy 45
    ·2022-04-22
    great recommendations
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    • muiee
      Thank you !
      2022-04-22
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  • lappiloco
    ·2022-04-22
    time to buy tesla n twitter
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    • muieeReplying tolappiloco
      [LOL]
      2022-04-23
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    • lappilocoReplying tomuiee
      the only thing thats green...=)
      2022-04-23
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    • muiee
      Good choice !
      2022-04-22
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  • ccy1122
    ·2022-04-22
    [Warning] [Warning] [Warning] [Eye] [Eye] [Eye] [Bless] [Bless] [Bless]
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    • muiee
      [Love you]
      2022-04-22
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  • Carolq
    ·2022-04-22
    Market uncertainty
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    • muiee
      [Helpless]
      2022-04-22
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  • matrix20xx
    ·2022-04-22
    Good Morning SG. a blood bath again[Spurting]
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    • muiee
      Most likely following Wall Street [Pitiful]
      Hang in there or look for some short term shorts. Trade safe [Strong]
      2022-04-22
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    • matrix20xxReplying tomuiee
      Yes, Trade Safe and stay strong [Grin]
      2022-04-22
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  • Qmar
    ·2022-04-28

    Interesting article and worth a read

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    • muiee
      Thank you for your support [Love you]
      2022-04-28
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  • YJZ
    ·2022-04-23
    Thks for sharing
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    • muiee
      Thank you for your support
      🫶
      2022-04-24
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  • invinsor
    ·2022-04-22
    Netflix why did u let me down n lose £$?
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    • muieeReplying tomuiee
      Should rebound given time
      2022-04-22
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    • muiee
      $Netflix(NFLX)$ might find strong support around current $210-230 zone or next zone $180-200 Take care [Comfort]
      2022-04-22
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