Smart shorts have covered. VIN numbers were at 16.5k at end of June. That's 4.5k away from total production goal for year. They are on pace to nearly double the analyst production estimates.
Who stays long a trading only type stock like TSLA into the earnings? You might as well put it all down on black/red
Bob shorted it.
He is no longer with us.
... when the stock already prices in a blowout quarter. Again, its a matter of expectations, and if people are expecting 150K cars this year, then a lower production rate is inherently negative
A VIN # is issued long before a car is finished and delivered and counted toward production totals. Q2 might beat production estimates in a blowout, (my estimate is 5500), but it won't be double.
Sentiment: Strong Buy