So looking ahead a bit, barring any negative news on the SEC settlement side, the next big news to impact the stock is Q3 ER. I think we were all a bit disappointed that the deliveries report did not have any positive impact, but it just reinforces my belief that TSLA is seriously depressed by sentiment and big funds being cautious until they see numbers in the black. It would have been interesting to see how the report would have impacted the stock in absence of the whole "funding secured" / SEC investigation / SEC settlement drama, but we`ll never know.
Looking ahead, thanks to the amazing job some of our members do modelling financials, i think we can all agree that profits are all but certain in Q3. Probably not in the hundreds of millions, but even if it`s only a few tens of millions it is a huge turnaround from -700m the past 2 quarters and reaffirms the longs` narrative, that with economies of scale Tesla should start printing money.
Having said that, I now see the chances of TSLA shooting up after the ER as 50-50. I see the short narrative and even some analysts` and firms` narrative shifting to sustainability of the sales numbers & profits. If Tesla can address this by sharing some details on the backlog and how it`s not simply down by 70k cars, but new orders are coming in, that could help. But it may be, that we need at least 1 more quarter to convince the world this is not a one time event.
Thoughts?