📈 Earnings Bring Hope

What does this mean for TSLA and NVDA?

Earnings Releases

We had earnings data come from TSLA and TXN yesterday after market close that are signaling hope for the market. Let’s dive into it!

TSLA Earnings

Tesla stock is up over 13% after hours after earnings release. Despite the metrics coming in light, we are up.

Free cash flow is down, net income is down, and vehicle deliveries are down.

The reason we are up is because Elon Musk shared that the company is set to unveil the robotaxi in August.

TXN Earnings

Texas Instruments also released earnings and they are very important because they provide us with signals as to how the semiconductor industry is performing.

They are up over 7% after hours and beat on both earnings and revenue.

The important thing about this is that it gives us hope for the semiconductor industry and impacts stocks such as NVDA. I would expect NVDA to rise based on the increased expectations of demand that we are seeing from TXN.

Watch this video for more details on these earnings and how to trade the market today: