Tesla Motors (TSLA)

On May 6th 2014, the day before Tesla Motors (TSLA) released earnings, the I Know First algorithm gave Tesla a bearish prediction in the 1-3 day time horizon. As such the stock fell 15.86% in accordance with the algorithmic forecast.

Tesla reported better-than-expected earnings results for the first quarter, but the company’s outlook for the second quarter disappointed some investors as they focused on rising expenses or were confused about details on the Gigafactory.

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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