TSLA Trader TSLA gapped down below its 50 day moving average (418.35) yesterday and with a strong finish closed back up above it at 421.10. That in and of itself can be considered a Buy Signal (see prior bounces off of 50 day), while a rise above 445 would trigger another Intermediate Term Buy. Updated Call Table There are a lot more calls available across many time frames and strikes, but these are the most appealing to me right now for short and intermediate term trading. I still like spending about $35 and going out about 3 months, making it Jan-Feb and $450-$500. The Jan 15th 2021 $84C (split adjusted) will be expiring in three months. The split adjust cost was $7.22 and it currently trades around $335, a gain of 4,500% in nine months. I will be putting us into a new "buy and hold" call to replace it before the end of the year. We can do better. Longer Term "Solar roofs are a killer product, that will become evident next year." - Elon Musk, 3rd Qtr earnings conference. My longer-term valuation models are pointing to a $1,600-2,000 share price over the next 24 months and are based almost entirely on revenues generated by vehicle sales. At last week's earnings conference Musk made the above quoted statement referring to what he considers to be the next major growth product. In addition to solar roofs, Tesla is close to rolling out its robo-taxi business and is making huge strides in its battery storage business, and all three of these divisions have the capability of generating revenues which in aggregate could exceed revenues generated from vehicle sales. That is mind boggling. In five years, the market will look back at November 2020 when TSLA was under $500 with astonishment that the shares ever traded this low. Buying shares and/or trading TSLA options in the two years just ahead is likely the great investment opportunity of the early 21st century.
