I'm holding not so much for earnings but for guidance through the end of the year. Expect large global demand.
Overseas there are many places that pay 2 - 3 times what we pay for gas, also they are more eco-conscious. In addition, I expect US demand to continue to grow as Tesla gets more national attention for their product. For example, Jim Ellis of Bloomberg gave an optimistic interview on CBS News this morning.
Holding Long from $103, Hedged with $115 Sept. Puts that I paid $7.5 / share.
I had $105 puts that I bought for $8 and sold for $5 to help fund the $115 puts.
Yes I'm loosing some of my Stock profits buying Puts, but only $3 here and there. If the stock rallies after the Earnings call I will sell my Sept. $115 Puts for roughly $4 and likely not re-hedge until $150 or so depending on my risk tolerance and what is said during the conference call.
If it implodes my puts are my insurance and I can ride it out.
GM and Ford have established themselves globally, as they should after 105 years and 110 years in business, respectively. China's Global Time has recently reported that Tesla will display Model S at September Chengdu Auto Show in China. Following this event, the company will open its first China show room.
Many analysts are skeptical of the move, stating that China is not ready for EV technology. I must be looking through a different kaleidoscope. A lot of analysts have been wrong about many of Tesla's moves, but Tesla has proved to be spot on. After all, China is the world's largest automobile market.
Tesla also plans on revealing a new Model X, which will hold seven passengers, have storage room, and essentially combine the convenience of a mini van with an electric car. Aside from those things, the car also includes many new features like the "falcon wings" seen above.