Quick thoughts on $TSLA Q1 2026 Earnings:
It was a very impressive earnings report showing increasing gross margins, increasing demand, strong order backlog, FSD subscriptions, while topping Wall Street estimates.
While top and bottom line beats are great, what matters is management commentary and outlook.
Musk’s hesitation on Robotaxi/CyberCab and Unsupervised FSD showed a bit of uncertainty in timing.
That was enough to fade the rally, retracing the entire post earnings rally.
Now it looks like Tesla needs the rest of 2026 to scale Robotaxi as they are focusing on safety as a top priority to avoid accidents.
Shared with subscribers that we don’t expect a V shape recovery due to the lack of significant Robotaxi scale, market skepticism, and many macro related headwinds.
So this will most likely lead to an extended Wyckoff Accumulation where TSLA chops in a very wide range with every shake out causing sentiment to flip extremely bearish.
We remain long term bullish on TSLA and continue to hold 100% of our shares.
Due to the lack of clarify on Robotaxi Unsupervised, we had to make significant adjustments for our options.
We will only add calls and LEAPs if highly confluent support is tested, while continuing to run our TWAP buy for shares.
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