Tesla’s earnings are always a big deal, for lovers and haters of the stock alike. Recent reports have been greeted with disappointment—even when they “beat”—Monday’s release of Tesla’s first-quarter results should be enough to kick off a rally in the stock.

That’s hasn’t been the case recently. Tesla (ticker: TSLA) gained 740% in 2020, and those big gains lead to higher expectations, expectations that Tesla stock found hard to beat. In fact, Tesla stock has dropped the week following the past four quarterly earnings reports.

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