TSLA, Again Friday's, "Into The Close," concluded with a very bullish prognostication for TSLA, i.e., "TSLA is a $1,000 stock, if not this year, then next. You can take that to the bank. To be continued..." There is no better time to continue on the theme of taking TSLA to the bank than now, not that I have some inkling that TSLA is embarking on a massive run anytime soon, but it may already have started with the lows of early April around $330 or so. High print from that low is at $453, a run of 37% in a month. That was good enough for over a 750% gain on our July $500 calls. That could very well pale in comparison to what comes next. If it sounds like I'm banging the table, again, for TSLA, that's because I am. Not so much as a precise timing trigger as much as a heads-up that TSLA is the closest we can some to investing in Elon himself and the equity markets are beginning to take notice, especially as a $2 Trillion dollar SpaceX IPO is now a daily headline reminder of what not only is possible, but probable in the years ahead for the Elon-centric universe of investments. TSLA Charts As always, we take out cue from the charts. In this case, let's zoom out to TSLA's IPO with a monthly perspective: TSLA Monthly Bottom Line: Own the Shares as Wave 3 of (5) unfolds into the end of the decade. TSLA Weekly Probable is $1,000; possible is $4,000, I kid you not. TSLA 2-Day: Three April Lows, One Year Apart Each A series of second wave lows, each in April, one year apart: 2024-2025-2026. So long as the mosts recent Wave (ii) low holds, 337.25, the very ambitious wave count and Fib projections also hold. TSLA Daily Now we get to the nitty gritty option trading charts, starting with the Daily. A breakout day above recent highs begets the first tranche of longer term calls, looking for a steep run-up toward $750 and then $1,000, maybe as early as late 2026 into mid-2027. No matter when the next breakout comes, assume those higher price targets are in play. Calls On TSLA-SpaceX Synergies Whether there is ultimately a TSLA/SpaceX merger, or if instead, the simple synergies between SpaceX and Tesla real world AI capabilities become TSLA's greatest under-appreciated asset, the recognition of either will first be seen in the above Intermediate Term charts. That's why we will turn mega aggressive with new calls on the next TSLA breakout, it will be the prelude to a third wave higher at multiple degrees of trend. Months later, the fundamental catalyst will be widely known and factored into TSLA share price. For most intents and purposes, we want to own TSLA calls, near term, intermediate term and longer term for the foreseeable future. Only if price takes out the most recent April low will that strategy abort. In other words, risk $100 to ride TSLA shares up to $1,000 to $4,000 in the years ahead. Until further notice our mantra is: Buy TSLA calls on breakouts. TSLA $4,000? Q: Charts or no charts, Allan, $4000? Are you nuts? A: What could possibly takes TSLA up 25X? The video linked below strongly suggests that SpaceX and TSLA will soon merge and become Elon-Corp, placing TSLA shareholders as the equivalent of Berkshire Hathaway shareholders...in the 1950's! Only this time, the business is not textiles, insurance and candy bars, its rockets, robots, electric cars, global communications and artificial intelligence. SpaceX IPO is a Trap - Elon's Real Plans Start After June 12 Option Strategies Current TSLA Position Going forward, on each new TSLA breakout we will add new calls to hold in addition to whatever is still being held from the previous breakout, subject only to our 50% trailing stop strategy. Currently, a breakout occurs above $445-450. This way, any calls sold pursuant to the trailing stop money management scheme will provide new capital for the next option recommendation. Depending on when that next breakout occurs, option strikes and expirations will be determined. Since we already own some July calls (even of 1/2 were sold pursuant to the trailing stop) expect the next expiration series to be August-September. Active Trades PRO Service Premium Service
