Tesla Inc (Ticker: TSLA) earnings come out after the close today and I don’t think they will make much difference.  The sentiment is so bad with TSLA and the stock down $100 this year that it will take a miracle to move the needle.  Elon is good at miracles but I think we selling down to around $100.

I thought TSLA would be a good AI play and I bought puts and stock earlier this year.  All I am doing is rolling the puts down for money and have not made squat yet.  If TSLA goes back to $180 I do ok.  As much as I think TSLA will make bank selling robots to flip burgers we are not there yet.  

Most chips stocks are down 25% to 50% from the highs. The correction in that space has already gone big.  Plus a pullback was inevitable and now it has happened.  We were waiting and now it has come to pass.  What has not come to pass is earnings in these next 3 stocks.

That will move the needle

Stocks love earnings, volatility loves certainty

Microsoft Corp (Ticker: MSFT), Meta Inc (Ticker: META) and Alphabet Inc (Ticker: GOOGL) are the ones that count.  As much as I like TSLA as a company, the leaders need to make some dough.  The biggest market cap stocks need to deliver.  With sentiment so bad post-Middle East tensions, this will make the shorts cover quickly if the big boys deliver.