While TSLA is treading water around $680 suspense is building about it's 2nd qtr (2021) production numbers. Longer-term it won't matter what those numbers may be, but shorter-term volatility, up or down, is almost a certainty. Here is an excellent summary (published yesterday by Barron's) of what is expected and why the report is being watched so carefully: Tesla’s Delivery Report Is Coming. There’s Lots to Watch This Time. More important will be the July 28th 2nd qtr earnings report which hopefully will provide much more substance and perspective on several developments, the least of which will be earnings per share. At the top of that list will be news about the "Game Changer" 4680 battery pack and progress with the Berlin and Texas Gigafactories. More on this as we approach the July 28th report. No matter what happens with the production numbers that will be announced in the next few days, expect a run-up in share price into earnings. From what levels, as much as $100 more, or less, than current levels, is the only question. Finally, in the spirit of Independence Day, 2021, nine minutes of why we are all in on TSLA over the next 3-5 years: Why America Will be so Much Further Ahead That video is quite the finale for the first six months of 2021. Absent a deep dive in the market over the next two days, this is a time to forget about calls and puts and get ready for second half of the year, leading with TSLA, but followed closely by a teetering stock market and the wild card cryptocurrencies, all of which are there for the pickings. Best wishes for a wonderful holiday, Allan
