Tesla Headlines a Packed Week for Auto Earnings

TSLA reports today, kicking off the busiest week of the auto earnings season. The $1.5 trillion EV maker carries just 2.6% short interest as a percentage of free float, suggesting bears are not heavily positioned into the print.

German car registrations, a dataset ORTEX Alt Data measures as leading Tesla revenue by 43 days, are running 269% above the same quarter last year. That is the strongest leading read of any auto name reporting this week.

Europe adds weight to the calendar. DSV reports today, the Danish logistics giant worth $43bn. Renault follows on Wednesday, with Austrian car registrations running 6% ahead year-on-year. Volvo Car and Maruti Suzuki both report Thursday.

Mercedes-Benz closes the week on Tuesday 28 October. Dutch car registrations, a leading indicator for MBG revenue, are running 6% below last year's quarter.

No IPOs are scheduled in the next seven days.

On the index radar, the Russell 1000/2000 border is live. PBF Energy sits just 0.2% above the Russell 1000 entry line ahead of the 30 October cut-off. Past Russell 1000 additions have traded 6.4 times normal volume on the trade day.

Taiwan export orders surged 69% year-on-year in September, per ORTEX Alt Data, a broad read on global demand for the tech supply chain feeding into earnings season.