Part 9/16:
Historical data on Tesla earnings shows a pattern: the shares tend to rise about 2.5% a week after earnings, but the day after, they often dip more substantially, illustrating a common “sell the news” phenomenon.
The Broader Macro and Geopolitical Environment
The conversation extends into macroeconomic territory, emphasizing the complexity of today’s global situation. Larry notes that the current environment resembles the early Reagan era—marked by economic optimism yet widespread skepticism, social unrest, and demographic shifts.