Tesla Motors post earnings primer: Tesla vs Apple

Tesla reported disappointing earnings Thursday Night.  On top of that, all of a sudden Apple is allegedly trying to make an electric car.  CEO Elon Musk really set off some blogger/journalist types with his strong comments on the future of the stock and company.  The contrast between results and commentary got the vitriol spewing Friday!

@jason lays out why Apple will try to buy Tesla .  Anybody who has their first name as their twitter handle likely has a great grasp on the tech scene.

Wait, did Apple try to buy Tesla already?  That's so far outside of the core competencies it's laughable.  That said, it's only human to get overly aggressive when you're on a roll.

However, it’s more likely Apple is trying to dominate the infotainment side of autos.

Tesla and Panasonic are pushing forward the opening of their battery factory.  The factory is for the Model 3, Tesla's low cost model expected to be rolled out in 2018.  Maybe they roll it out sooner?   

Also on the conference call Tesla also announced home emergency battery packs.  The coming collaboration with SolarCity will be huge.  It sure appears five-ten years down the road Tesla will be as much a battery company as it is a car company. 

The technicals are interesting as trend support found buyers post earnings.

 A doji day formed Friday and it'll be interesting to see how the market reacts Tuesday.  The simplicity of any long trade here is the confluence of support just 4-5% away.  That's beautiful.

If you like the company and believe in Tesla's prospects, this is a pretty fantastic opportunity to take a shot as an investor.  Is there a larger downtrend currently underway?  Yes.  

My line of thinking is this:  The market has recently become buoyant.  That combined with the key support nearby gives us a helluva clue as to what the next move is.  Plus we've gotten some pretty bad news out of the way.  If shares can't hold this key support area, it'll be a clear as day sign to sell. 

The question is, what’s the near term catalyst?  Rumors aren’t going to cut it and the battery packs are still a few months out.  This could mean it’s at best a patient, slow money long trade.

Thanks for reading!  Trade 'em well!