That was a good deal! But its starting to feel like the stock is getting tired up here. Not seeing many $1000 targets being thrown around lately.
"EVs Are Going Full Speed Ahead" https://www.benzinga.com/news/21/01/19144988/evs-are-going-full-speed-ahead
JAN 2023 $200C is printing and I am planning to sell it when SP hits $1000. Hoping to see the restoration of $7500 EV credit for Tesla/GM plus EV infrastructure investment from Biden Administration. Also, perhaps there is another run till the Q4 ER.
EV Sector NEWS - Sponsorship in NACFE, Prepares to Launch Medici Motor Works in North America https://investors.ideanomics.com/20...ocused-on-the-North-American-Freight-Industry
This is fluff but check it out... Phil Lebeau of CNBC asks Marry Barra of GM why they didnt move to electrify sooner. My gawd! The people who said electric vehicles would never be mainstream or a real option are now telling us they knew all along EVs were the future. Let me assure you there weren't many voices of support when I bought Tesla in 2016. There were a litany of people explaining to me what a moron I am and how I would rightly be stripped of my money in the near future. I keep this in mind when deciding how much respect to give CNBC. You just dont have to spend much effort to find gems like this or any number of videos in which Squak Box hosts interrupt and shout down Cathy Wood for being pro Tesla while they give Bob Lutz uninterrupted air time to explain that Tesla is dead, they just dont know it yet. Once again, Stockaholics has made CNBC and the primary media outlets look like ignorant fools.
Lots of love for Tesla. But from a fundamentals point of view I cannot for the life of me justify buying Tesla at current levels, or in fact half of its current levels. But 'you pay your money you take your chances'. And if it pays off! Awesome. But at these frothy levels ill look elsewhere. Wonder of people will pile into NIO if they feel they missed the boat on Tesla? Both have seen strong surges in their stock prices in recent months https://www.american-stock-research...ers-tesla-tsla-nio-inc-nio-10january2021.html
Yellen Says Biden Supports Restoring Electric Vehicle Incentives https://www.streetinsider.com/Polit...ing+Electric+Vehicle+Incentives/17835861.html Yellen Says Electric Vehicles Are Good Way To Address Climate Change, Create Good Jobs For Americans https://www.benzinga.com/news/21/01...climate-change-create-good-jobs-for-americans Hopefully the new administration would expedite restoring the EV incentive. Still holding the following contracts:
Oppenheimer analyst Colin Rusch more than doubled his price target on the stock to $1,036 from $486. Tesla PT raised to $890 at Deutsche Bank Jim Chanos has PUT position in $TSLA - Halftime Report
I saw the bull flag today as well. Im looking on the 20 day chart. My guess is it is consolidating for earnings. I have 2 $850 feb 26 calls. Godspeed.
Tesla outlook + why I invest for oversized gains - Dave Lee interviewed by Rob Maurer (Tesla Daily): Tesla fourth-quarter registrations in California jump 63%: data (Reuters) - Tesla Inc's vehicle registrations in the U.S. state of California jumped nearly 63% during the fourth quarter compared with last year, largely due to the success of the company's Model Y, according to data from Cross-Sell here, a research firm that collates title and registration data. https://www.reuters.com/article/us-tesla-registrations-idUSKBN29Q03S
While I agree Chanos you never bet against the trend, unless you have very deep pockets and can keep making margin calls on shorts etc..
