After hours trade of TSLA seems to react to Apple drop from their lowered margins guidance. TSLA was slowly creeping up AH to $163.2 and the moment Apple earnings hit and the stock swung up and then down hard TSLA started to drop as well, down to $162.1. We'll see what Apple does tomorrow, but I can't even fully decide which is the good and which is the bad option. Consider the following:
1) Investors decide that 0.4% lower margin guidance is not that bad after hearing more details on the conf call and Apple recovers and starts a slow gain march tomorrow. People pull money from elsewhere and send it more to Apple to take advantage of this upwards movement. Nasdaq is pulled to the green and other stocks with it unless they're dumped to get money to Apple.
2) Apple doesn't fix this crap with the earnings call and the stock keeps dropping. Big money pulls some funds out of Apple to take some of the profits on the table from recent runup and not so great guidance sending Apple and Nasdaq to the red. However they start to pile that money to other interesting stocks approaching earnings. Might show a nice inflow of cash to TSLA that is bouncing around the support in low $160s.
Can't really say which scenario is more positive for TSLA Might even be that money coming out of Apple and going to TSLA in preparation for TSLA earnings might be the better option.
The third option (not numbered) is the scenario I see as most likely. Big money/short term traders looking to get a nice $10-15/share increase..buy TSLA at 162, sell at 177+ after ER.
(OK..so that is also my hope so money starts coming back to TSLA)