$TSLAX

We choose to position early, which is essentially a bet on its performance.
This round of Tesla’s plunge isn’t a simple technical pullback; the earnings report directly shattered market expectations.

Revenue is not bad, but profits are clearly below expectations. The investments in AI, Robotaxi, and robots keep burning more and more, and free cash flow even turned negative. What the market fears most isn’t the company spending money—it’s how long the money it spent takes to come back. #SEC推进美股24小时交易

So after the earnings report came out, funds that had chased higher retreated in a concentrated way. A streak of consecutive large bearish candles over 4 hours sent the stock price crashing from around 378 down to around 322.

The short position I took here is profiting from the expectation gap after the earnings are released. Once a strong stock’s profits can’t keep up with its valuation, no matter how big the story is, it can’t withstand money being cashed out.
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