Bullish Tesla Position Ahead of Earnings

5 days ago

Stocks with Josh

"All right, let's talk real quick about Tesla. I'm going to keep my Tesla overview very simple. Largely, I have a ton of Tesla stock and I'm not hedging it. Okay, so there's risk moving towards an earnings event and normally I would want to hedge my shares by buying some put insurance, but I'm not doing that. And what that ought to tell you is that I'm leaning towards this earnings being bullish. I think the stock price has held up very well and I, as I said, I think the same thing about Tesla as I do a lot of other stocks that are sort of lofty. I think we could end up getting into some candles with price expansion and some blowoff top wicks, but I'm holding for now and I think that this earnings ought to be a good earnings and we should potentially get up to 480 to potentially 500."

The speaker expresses a bullish stance on Tesla ahead of earnings, stating that he is not hedging his significant Tesla position. He believes the stock price is resilient and expects a bounce, with targets potentially reaching between 480 and 500. His approach suggests confidence in Tesla's technical strength despite near-term volatility.

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