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As everyone on the Street has likely heard now, Tesla shares are trading lower today after the company released its quarterly earnings results last night after the close.
The results were okay, as the auto company beat analysts' earnings and revenue targets. The problems came with the conference call, when CEO Elon Musk appeared to dodge some questions regarding the Model 3 production and other operational concerns.
This is a familiar position for Tesla.
Elon Musk's commentary and swagger often tilts the stock's directional bias – that's what the pundits are chattering about at this very second.
But beneath all that, where no one's looking, there's a trend in the post-earnings stock movements that has my mouth watering.
Let's make our move today for maximum upside potential…
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About the Author
Chris Johnson is a quant - he's obsessed with building and perfecting mathematical models that allow him to predict, with startling accuracy, the direction of the markets, entire sectors, and individual securities. For the last year, he's been researching and building a new system that lets him move swiftly in and out of the hottest stocks in the market for life-changing gains - entirely on his own terms. The results of his newly-minted Night Trader system are nothing short of amazing.
Chris also contributes to Money Morning as the Quant Analysis Specialist.