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                      Big Tech earnings coming out this week with Tesla leading the way

   Tesla will be presenting its earnings reports for the quarter in the next hour. All Tech companies will follow up tomorrow with their earnings reports. With the recent news of a Tesla vehicle accident that killed two people. The vehicle was in autonomous mode and crashed into a tree. After this report came out Tesla stock took a bit of a hit. The vehicle burst into flames after striking the tree it took deputies some four hours to put out the flames. The Sheriff Dept. reported that they had to call Tesla to find out how to properly extinguish the flames since the batteries kept reigniting. This accident may put off people from using this mode in their vehicles. 


The Nasdaq and the S&P 500 closed on Monday with a record high. So, the indication for investors is that the big tech companies will indeed report better-than-expected earnings for the quarter. Many analysts believe that stocks are the best game in town. While the Federal Reserve is sitting on the sidelines the current inflation sits at about 2% expect this to go higher later on this year. Analysts believe that the reports will spotlight that we are coming out of the pandemic and are very optimistic about the future.

As with all things many investors have some skepticism about all the good news, they are hearing, and many are holding on to extra cash. In other news, Tesla believes a shift in customer demands will make model Y the bestselling vehicle next year. Tesla pivoted to using semiconductors avoiding the chip supply shortage that plagued most vehicle manufacturers. The electric car manufacturer is confident that they will be able to meet the demands of their customers and offer more affordable prices throughout the product lineup.


 While the cryptocurrency market is going wild the market as a whole seems to be coasting. But how long will this period of harmony last? The Federal Reserve cannot keep pumping endless amounts of money into the economy. The issue of hyperinflation as well as The Biden administration's new tax plan to raise taxes will definitely affect the markets as many will be looking for ways to protect their assets.

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Disclaimer: This article contains affiliate links that I may receive a small commission for at no cost to you if you purchase a plan. However, these are the tools I have vetted and fully recommend when it comes to making money on the Internet. Continue the fun and keep reading this next blog post dogecoin-and-wolf-of-wall-street.html 

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