The subject line says it all. Here is the 2-Day chart that goes along with it. Note the Intermediate to Long Term Buy Signal on the break above $650 which we discussed back in June. Staying above $750 targets $1,000 by year end. For option traders time premium has dropped significantly over the past few weeks and longer term calls are trading around the same price they were a month ago when TSLA was trading $100 lower. The March 2022 $1,000C that was trading at $25 ($2,500) in mid-August with TSLA at $650 can be bought today at about $21 ($2,100), with TSLA now $100 higher. Between now and the March 18, 2022 option expiration is the annual shareholders meeting (Oct 7th) and two quarterly earnings reports (around the last week in October and last week in January 2022). Nothing but good news is expected out all three. The company is sold out of Model 3's and Model Y's through next March, have two new manufacturing facilities coming on line later this year (Austin and Berlin) and a fourth terafactory about to be announced. Tesla is selling every vehicle they can build and for every one they build and deliver it seems that two new orders are coming in. At this rate by 2030 half of all automobiles on Earth could be Teslas and all of the vehicles on Mars will certainly will be Cybertrucks. The share price is on its way to be quoted in the thousands, not hundreds. Only a vicious bear market can interrupt the ascension of this stock and if it does we will be handed the buying opportunity of a lifetime...mine and yours. In 3-4 years we will be looking back in triumph that we saw the future and acted upon it, or, looking back with angst that we saw the future and didn't act upon it. Allan - more this weekend, maybe, as my old nemesis sciatica is intolerable and getting worse.
