Tesla Earnings Day: All Eyes on Q3 Print

US Market

TSLA is today's defining story. The company reports Q3 2026 results after markets close. German car registrations, which ORTEX measures as a leading indicator for Tesla revenue with a 43-day lead, are running 269% above the same quarter last year, covering three full months of data. Options activity is elevated. The stock's RSI of 53.7 sits in neutral territory, giving traders room to move either way on the print.

Chips remain a pressure point. NVDA carries an RSI of 40.9 after a session where the chip rebound failed. Negative options bets on Nvidia and AMD are the highest among large-cap semiconductors over the past seven days. Taiwan's September export orders hit TWD 36,224 hundred million, up 69% year on year, which points to strong underlying tech demand even as chip stocks wobble near term.

CoreWeave drew fresh short interest this week. SI % of FF rose 3.7 percentage points to 23.7%, the fastest build among large-cap US names. AI infrastructure debt concerns are the cited driver.

Europe and Index Watch

Renault reports tomorrow. Austrian car registrations, a 32-day lead indicator for Renault revenue, are running 6% higher year on year. Dutch registrations, another leading signal, are down 19% over the same period. The signals point in different directions going into the print.

The MSCI World November review closed its rank date on 19 October. About five names are expected to exit. Flutter Entertainment sits 11.5% below the exit line, with $595M of potential forced selling. Xero is the closest to the threshold, just 2.3% above the exit line, with $418M at stake. The MSCI World announcement falls on 11 November.

On the Russell front, PBF Energy sits just 0.2% above the Russell 1000 entry line with nine days to the 30 October cut-off. A small price move in either direction decides whether it lands in the Russell 1000 or stays in the Russell 2000.