The 2023 Tesla Shareholders meeting will take place on Tuesday: link. There is the usual myriad of speculation of what will come out of the meeting, in particular how the shares will react to in the days following. Ignore it all, know only that longer term, TSLA will become the most highly valued public company in history, far surpassing the current capitalization leader, AAPL @ $2.714 Trillion. TSLA Market Capitalization Annual Growth Since Inception Based on Tesla's current share count, every $350 in share price equals approximately $1 Trillion in market cap. The most credible projections over the course of the next 5 years comes from ARK Invest, who value the company at about $2,000/share by 2027. That would equal a market capitalization in excess of $5 Trillion, almost double Apple's current capitalization. But that is only ARK's mid-range valuation. Their current projection ranges as high $2,500 (bull case) and can be found here. For our purposes in trading TSLA shares and options we need only concern ourselves with the ride up, not so much how high it will go, but making sure we are fully invested for the journey. Toward that end, the biggest news coming out of Tuesday's meeting will surround (1) Cybertruck production, i.e., when will Cybertruck be in full production, and, (2) Full Self Driving, i.e., when can we expect Tesla's fleet to be street legal with full self driving? In Ark's analysis, Full Self Driving and Robo Taxi's are the main driver between their expected valuation of $2,000/share and bullish case of $2,500/share. Therefore, whatever else may be disclosed at the Tuesday shareholders meeting, pay special attention to Cybertruck and Full Self Driving news, as that is what will likely propel the stock above $200/share next week, or, send it lower for one more test of the early 2023 low. TSLA Long Term (Weekly) This is the TSLA Long Term (Weekly) price chart which matches in spirit the capitalization table above. There is a huge run ahead for this stock between now and 2027, and the capitalization projections of ARK, of which both Cybertruck and Full Self Driving production take center stage. Note that even Ark's worst case valuation basis, which minimizes revenues from Autonomous Ride Hail (Robo Taxi), projects share price to $1,400, approximately 700% higher into 2027. Multiply that 10X if we get the options half right. In other words, TSLA is worth our time (and money), whether any one particular trade works out or not. Remember: The next leg up is a Wave 3 of (3), whether it has already started, or if TSLA has one more deep dive in Wave 2 to get out of its system first, the gains to come cannot be missed, or we are all in the wrong business. Current Best Bets for TSLA:
