's going on guys. So tesla stock reports earnings in 10 minutes. And then there there's going to be a conference call. If i'm not mistaken this conference is going to take place at 5 30 pm.

Eastern time so that's still going to be in a couple of hours right now. I'm just trying to stay up to date with its current price point uh where it's been trading. Honestly leading up to this earnings tesla is performing pretty pretty well if you look at it uh for the past. Really past.

Couple of weeks. It's had a very common um oh. I need to start sharing my screen. It's had a very common resistance level right around 750 a share yeah.

It has hit highs of like 778. There are some times that it goes a little bit above 750. But 750 has been that general resistance range where almost every time that it hits there or begins to trade there it doesn't hold up there for a very long period of time and then gets rejected right it comes back up it touches 750 around that general level. And then sells right back off to 700 650 stuff like that we pushed up to highs of 778 last week.

And then we sold off all the way back down to 670 id has been a roller coaster no question about it. But i wanted to make sure that just like you guys asked me to um. I wanted to capture tesla's movement. After this earnings report is released.

I wanted to talk about a couple of different things. I took some notes on why expectations are so low. The reason and the main reason is first off it's not just tesla. It's it's literally every company set very low expectations for q2 that's why last earnings.

Every company got demolished not just because of inflation not just because of interest rates. But because guidance for the up. And coming quarters or the reports were not set. Very high tesla had to lay off what was it 20 500 employees.

Something like that they've taken steps that they feel like they needed to to hopefully report a positive earnings. I want to talk about current expectations for q2. So for those that are unaware and for those that are completely new to the stock market. Please understand that the earnings report.

That's about to be released in eight minutes. Is the earnings of q2. So q1 is up until march then from march. I think to what is in june.

Uh is q2 and then moving forward. It begins q3 and then q4 right so obviously four quarters within the overall year. This is the overall report for q2. So the reason that this is so exciting is that well.

This is one of the first times that quarter over quarter tesla delivered less vehicles than the previous quarter. And it hasn't done that in a really really long time. But why is that well if you've been watching my videos on youtube again. I upload new videos every single day.

I've tried to make it very simple to understand what the concerns are because i think that's the biggest like challenge for beginner investors and or beginner traders. It's like what is causing so much selling pressure. Why are people so scared in q2. The china plant was shut down i don't know if you guys know this.

But tesla has a gigafactory and it's one of the their most efficient gigafactories for production and this plant was shut down for a couple of weeks in q2. Because of covet restrictions in shanghai. China. So therefore imagine getting all of the orders that tesla does and then your biggest plant you know shuts down.

It's there uh if i'm not mistaken their san francisco uh location that or their fremont plant. Wait no fremont. I'm pretty sure it's fremont uh their their san francisco location that had to keep up with all of those demands. So therefore the cars that they were able to deliver for that specific quarter were down and that was the first time that tesla actually reported negative not negative.

But lower than expected deliveries because first you place your order. I don't know if you've ever ordered a a thing from tesla. First you place your order for tesla. And then it has to get made and it's back ordered a couple of months to potentially a year depending on what you just ordered and that's when the whole process starts of okay is shanghai going to make it is it going to be made in fremont all that good stuff so i just wanted you to understand why it might be coming in lower that's my biggest thing is i always want to understand why why are we going up why are we going down.

Why is this bad. Why is this good why are expectations low. So when it comes when it comes down to their earnings per share tesla's earnings per share the expectation is one dollar and eighty cents and their expected revenue for q2 of 2022 is 1692. Billion.

Now this is actually something that i want to show you because i want you to see how consistent tesla has been every single quarter for the previous four quarters tesla has beat earnings per share and has beat revenue. So listen to this if we begin to see that tesla misses not just on eps or revenue or not just on eps. But also revenue just know that this is why we can see a bigger drop than maybe. What is expected and this is about to be released in just four minutes four freaking minutes.

We're going to see tesla either rise or jump. And that's what i'm excited to follow up with so do you guys have any specific questions uh that you would like to ask me before the uh tesla earnings report. I'd love to be a valley. If i don't answer your question here.

I do want to remind you that i do have a free trading group chat. It's via discord. So it's absolutely for free and it's the first link in the description. So if you ever have any questions.

Just shoot me a direct message via discord and just give me 24 hours. I respond to all of my direct messages. But it does take me some time especially since now we have people that are messaging. Me that are joining us from youtube.

So i hope that you know that if even in the smallest way you've ever wanted to get started in investing and or trading. And you think i can answer a question for you message me i can't help you if i don't know your question so are you getting tesla puts first off i don't trade options i just buy shares. But no i actually i was working with my learn plan profit group this morning and i don't like to overwhelm people with my opinions on what i like to do right or what i choose to do i like to explain why i'm doing it. But i will never scold you and or judge you for not copying me i encourage you to not copy.

Me. I decided to reduce my position size on tesla just to play it safe. I have about i had about 140 000. Invested in tesla.

Um. I reduced my position size to um less than half of that so uh. I just wanted to make sure the reason. Why let me explain the reason.

Why is i don't want to hope for best case scenario. I want to prepare for worst case scenario. That is the way that you know if the past seven months have taught me anything is that the cheap can always get cheaper yes. I'm playing it safe yes.

I'm choosing to be selective that's just what i'm trying that's what i'm just choosing to do you don't have to if you want to hold if you want to buy right before earnings do it you're an adult right just hold yourself accountable do not put yourself in a position that you cannot tolerate so all right let's go ahead and see let's see what what do you guys think do you think that tesla will report positive or negative earnings. I think i saw. My buddy pascal here what's going on pascal. Joining us from germany.

I really hope that first off if it's not too much to ask if you guys can drop a thumbs up. I'd love to host more of these free live. Streams for you i just want to make sure enough people show up so. If you guys can drop a thumbs up and if you guys can subscribe it really gives me a better understanding that you guys you know enjoy these videos.

So i am skeptical i agree right there's a lot of uncertainty and not just this. But then the federal reserve is going to have a meeting next week to raise interest rates because last month. We just reported the worst month since 1970 right something like that uh 1987 ah. I forgot it's like in over 40 years yeah i think it's closer to 1980 uh.

But yeah all righty can you give me a bicep workout routine. I might need a bicep workout. Routine depending on how this plays out. So.

I am preparing for worst case scenario. Do i want tesla to drop no. But i prepared for it so here it goes in just a couple of minutes. We have 330 likes i thought we'd have more likes than that dang.

It shoot okay all righty let's go ahead. And see tesla in just a few minutes. A few seconds. Really should be releasing the earnings report and i'm going to make sure that i have it on my side here it goes.

Let's see which way we we push oh it looks bullish. Almost let's see let's see let's see wait wait wait do any of you guys see if you guys see it and you guys see the report come out feel free to share it oh it's dropping feel free to share it in the live chat. I do not see it so tesla call 800. All right so you are bullish on tesla.

Again. I am preparing for it to drop so let's see which way. We go tesla is indecisive do you guys see that there all right it looks like it's holding this might be a good sign for tesla all right let's see it's not moving so 5 30 pm. Eastern time is their call so the call is where they're going to be talking about their guidance uh for the up and coming quarters.

That's that's probably if anything almost more important than the actual earnings report. We just tend to see a reaction once their earnings is announced uh. It's not really aggressively selling off. I wouldn't really call this a sell off for tesla.

No. It's not that people are reading the reports. There's uh bots. That will react quicker than anything all right so it is still pulling back right.

Now there it. Goes it's done about 10 to 15 or 01. To point. 15.

Let's see so we had a support right around what was this like 740 today. 740 was that general support range. We'll see if it holds up there. Oh it looks like it's going to be in seven minutes all right oh wait wait wait oh there we go bullish holy smokes check that out tesla going through the roof 754 755.

A share whoa whoa whoa whoa volume is insane. What the oh let me see if i can get in here. I'm gonna have to get in with the limit order i'll go in small. We'll go in with five shares ease into the position.

See. If i can wow that volume is insane check that out now. It's pulling back to 740. So i'm fine with going in at 740 five shares we'll go in with the limit price see if we actually get filled if we get filled great.

If not then again. Let's not worry about it. Wow. Wow.

Wow. Wait are we struggling here here. I'm going to hold back. I'm gonna hold back.

I'm gonna play it safe look at that look at that 754. This thing. Oh wow. Volume is insane just think about this.

Just think about the candle. That is needed to drive or move tesla with a market cap at 769 billion. There goes broke above 755. Why is it struggling so much wow.

Let's check both of these out let's see it's bullish it had to be positive. Where's it at there goes 757 756. It's taking off tesla has officially taken off so tesla's revenue was. 169 billion and estimated was.

1688 the earnings per share was 227 positive earnings. 26 after market hours this thing is doing well check that out 27. Again. I decided to play it safe.

I reduced my position size and this is something that you know happens where you know you you choose to hold back to not take on the potential downside risk. But sometimes you do do miss out on a couple of plays. If you were to ask me again my job is just to instill healthy habits. I chose to play it safe so with the idea of you know i can always get back in that's the great part about that.

But yeah sometimes it does there's no question that fomo is always there right the idea of you know or the fear of missing out seeing something take off or where you are were already a part of it um. And it's just part part of the game right my job is not to be perfect my job is to try to implement healthy habits daily and consistently i still think that by having some money in tesla. I have some skin in the game. But obviously not as much as i did yesterday so there goes earnings per share 227.

And their expectation. I like that let me go ahead and type that out for everyone that is going to begin to tune on in so. Their eps is 227. And then there are tesla and then the.

Revenue there it goes still taking off what a freaking day all right 45. On the day. I am surprised that tkq is not moving as aggressively. I would have thought that it would have had more of a a reaction to this it's i mean.

It's barely up anything after market hours. And look at tesla tesla's up four percent. That's insane. How are you guys feeling about this i thought people don't get allergies in arizona.

I have had i grew up in california. I have had the worst allergies since i moved to arizona right away my first my first semester at asu. My first semester ever fall of 2015 had the worst allergies me transitioning into this like dry weather type of environment. Yeah so i think the earnings call is going to be the factor okay.

This is that is correct right so i appreciate you reminding me to remind everyone one of the things that we all must understand is that the earnings report is very important. There's no reason to undermine it right the second thing that you need to understand is that there's going to be an earnings call meaning that their executives are going to jump on a call and then share and break down in their words this quarter and up and coming quarters. Where they forecast their expectations if they talk about hey we're we're going to try to stay more cash. We're going to cut back on spending production and or for logistic reasons is not going to be very high because of specific restrictions.

Whatever the case might be right it's just forecasting. What's to come in the future. Sometimes the forecast has more of an influence. It's called guidance more of an influence than the actual earnings report.

Nonetheless. It's up four percent congratulations to everyone that was able to for those that were trading. It if you're a long term investor like me um. I hope that you don't end up.

Making. An impulsive decision. Just to lock in profits. Here.

You know the shares that i'm still holding. I'm not gonna sell here. Tomorrow. Tesla could pull back four percent.

This is why like earnings is like fun. But it shouldn't define your position. If your intention is not to sell anytime soon right uh. It's great to see tesla at 770.

But guess what i want to sell tesla at 1 000. I want to sell tesla at 1 200. I want to sell tesla at 1500. I'm in it for the long haul.

And i understand that there is going to be you know bumps along the way. I understand that there's going to be pullbacks and sell offs along the way. I can tolerate that i want to tolerate that that's the position that i'm willing to put myself through. I need you guys to be aware of that as well as you enter.

These positions watch out tesla is experiencing a slight resistance watch out for potential pullback here. So so it would be interesting to know why tesla isn't dragging the entire market up. I do not know i would have thought that it would have had more netflix reported earnings for god's. Sake yesterday and it gapped up seven percent and tkg was up 15.

Percent and netflix earnings is nothing and that netflix earnings in comparison to the market cap. Of tesla what look. Amazon. 019 tqq that's triple leverage.

213. That's nothing it's a bummer qqq was dropping. I know i see i see tkq dropping a little bit. This is crazy.

I'll have to see what other um company was set to release earnings today maybe there was something else that was released that was worse than expected. So it has to be after market close. What would it be let's go ahead. And go down.

The. List no tesla.'s up las vegas is up. Local corp is up. 36.

37. There's nothing that's down significantly. Yeah. No i couldn't tell you wow.

Well tesla looks like it's beginning to give it all give some of it back. I hate apple. How can you hate apple jesus you guys crack me up so their earnings call should be in about an hour and 15 minutes. Am.

I correct i get confused because of the difference in the time zone. It should be in an hour and 15 minutes right so it needs to be at 5 30 pm. Eastern time it should be in an hour and um 15 minutes correct what's going on umar. I hope you did well i hope you did well today um.

Overall market killed it today it killed. It yesterday. I wanted to congratulate all of you guys um and again. I love to remind people that like don't not i mean don't be afraid to celebrate your green days.

And don't be afraid to celebrate your wins right your small wins along the way. But don't let it define you as a person right. I don't want you to feel super great about yourself today and then when the mark gets down you feel super bad about yourself right remind yourself that you know on your green days. It's best to prepare for your red days because they're always just around the corner your job isn't to avoid risk your job is just to manage it and i think that's a very level headed way to approach the market regardless if you're an investor regardless of your if you're a trader staying level headed and understanding that nor your wins your wins nor your losses should define you it's how you carry yourself even at your worst times and i i think that's super important so i do want to take this time and congratulate.

All of you you guys are all learning how to trade and learning how to invest during one of the most challenging times in history. If you guys didn't know. This there has never been a worst first half of the year of the stock market since 1970. That's 50 freaking years that's almost two of my lifetimes in 50 years.

There has not been a worst first half of the start to the year. Understand that it's been challenging it's been tough embrace don't don't be afraid to celebrate these small wins. Understand that you are learning how to like do something that's already challenging. But you're also learning how to do this during a very challenging time this should empower you this should like really spark you and the reason.

I mean that or the reason. I'm saying that is because if you can tolerate this if you can see the light at the end of the tunnel. Even during this guess what when the markets are bullish. When the markets are consistent you were so conditioned to be selective to be disciplined to know the importance of risk management to have structured trades that meet your criteria you are so conditioned during this period.

That everything else is going to feel like a walk in the park or at least. It should be easier right yeah i do see tesla dropping a little. Bit it's down uh to 25. It looks like it's testing support at the ema.

We'll see if that selling pressure breaks through it that's weird. But i just i just wanted to remind you guys how important it is to be aware of the conditions that you are choosing to invest and trade in i still stay true and i still 100 believe that right now is the single at least. What i've been able to see it's probably one of the best times to learn how to trade or no. I'm sorry learn how to trade and learn how to invest and the reason.

I say that is because there's so much opportunity for the market to recover do i think now you need to trade no. I think it's the best time to learn how to do this because when the market does recover. I want you to have the understanding. The tools and the resources and for you to know how you can take advantage of you know the margins that a lot of these very successful companies offer did you know that tesla offers over 40 percent.

Roi amazon. One of the most valuable companies offers over 60 percent. Roi based off of all time highs. Apple 25.

Microsoft 40. These companies run the world and they offer that big of margin that's something to talk about right. So what are you doing today to benefit your future self a simple question to leave yourself with right. But let's see so i really like this format.

Follow earnings. And then report release live yep yep yep yep. So i'm glad that you like it. We've been trying to stay up to date.

With um tesla and its earnings. The set expectation that they had so i'm happy that we're able to live stream. This i hope that you guys are enjoying it and it looks like tqqq is dropping after market hours. I do want to remind you in an hour is it in one hour and 15 minutes.

Tesla is going to have its earnings call. So therefore. Their executives are going to speak on their guidance for the up and coming quarters. This is almost more important than the actual earnings report this might actually be why tesla might be dropping right now.

I'm not going to livestream it because i've been in front of my screen. All day answering questions. But i'm just gonna go grab some air or kept some air outside. I'm gonna grab some food um.

If you guys have any specific questions that you would like to ask me send me a message via discord. I hope that you know ignore how many followers. I have forget about that i hope that you know that the only reason that i'm here is because i make myself that accessible meaning that if you're an absolute beginner. If you've never purchased the stock before i do not care.

If you have a question that you cannot get answered on google message me. It's the first link down below. It's my free discord chat. You can feel free to direct message me at any time.

So i can't answer your question. If i am not aware of it so i really do appreciate guys time. I hope that you guys enjoyed this live stream. If you did please make sure you drop a thumbs up if you do not see any of the links down below just refresh this live stream and you should be able to see everything one of the last things that i want to remind you is first if you want to be able to watch me trade live every morning.

You know that the only team that i work with on a closer basis is my learn plan profit group that's that second link down below so i trade live every morning. If you want to watch me. Trade live as soon as tomorrow at market open. I encourage you take two minutes click that second link down below.

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