9/11 Post-mkt TMT Breakout: $AMZN $META $TSLA rally, $MDB $CFLT $DDOG play catch up, Media tries to rally but fails, $ORCL earnings, $DELL outperforms

Let's get to it

Strong day for tech led by $TSLA (+10%), $AMZN (+3.5%) and $META (+3%). As we went into in our pre-mkt brief, $TSLA was upgraded at MS. Despite the negative twitter and buyside sentiment I received today, it did not surprise us to see the stock up double digits. In our opinion, $TSLA is a story-stock and the narrative on the stock heading into the new year is v good: Model 3 refresh, price cuts driving demand (you can get a car that goes 0-60s in 1.9s for $85k!), cyber truck release, and the next version of FSD being released that Jonas goes into + AI day in early 2024.  A possible Big 3 (GM, F, Stellantis) strike could help $TSLA at the margins and rising gas prices don’t hurt either.  We heard many bash Jonas for his 180 U-turn on the stock from 3 months ago; while Jonas has his flaws (as we all do), being able to change one’s mind is one of the best traits an investor (or sell-sider) can have.  In our opinion, we think DOJO training FSD with NO labels is enough of a reason to chang…