TSLA gapped-down this morning on news of a $2 billion stock offering. This sets up a new entry into TSLA calls on our next Buy Signal. On the fundamental, side the only thing surprising about the offering it that it is exactly what Elon Musk said the company would not do in his recent earnings call. "Go figure," and, "No big deal," in the same breath. The long term trajectory of the stock remains in the $500B to $1T range, it's only a matter of how long it will take to get there. On the trading front, after getting accustomed to doubling our money every few days, we have had a rough couple of trades. The stock at $750 is right where it was exactly one week ago. Who would have believed back then that the company would dilute its shares with a $2 billion offering and the stock would still be at $750? Tesla Plans $2 Billion Stock Offering; Musk and Ellison to Purchase New Shares Stand-by for a fresh TSLA Intermediate and/or Short-Term Buy Signal as soon as one of our price set-ups trigger Long.
