Getting right to my main focus, TSLA has 2 million pre-orders for Cybertruck and for every one that gets fulfilled or cancelled, once this vehicle hits the streets of America, expect a new order to replace the fulfilled or cancelled preorder. What does this mean for TSLA's market cap? It means $4 billon in income for 2024 and upward to $30 billion in income looking ahead to 2025-2027. Adding that monster income to current income will push the market cap and stock price up about 10 fold, i.e., from $243 to close to $2400. Will it be a straight line? Eventually, but for now we can still see a dip to the November 2023 lows just under $200. If so, the next Trend Model buy after breaking below $200 is a Buy, Buy, Buy across the board in all time frames. The real race will be to see if the Cybertruck Effect takes hold first and a break above $250 will be the first indication Cybertruck is winning, while above $300 seals the deal. We will be trading short-intermediate-long term options all along the way, For more conservative traders, 10X on just the shares in the next 3-5 years should be good enough, but do consider following along even with a single call option, juicing returns just a smidgen. More aggressive traders, which covers most of my subscribers, will have plenty of call plays to trade for 10X returns, not in 3-5 years, but every 3 to 5 months, repeatedly while Cybertruck rolls out across the globe. Game-changer, indeed. TSLA Long Term (Weekly) This weekly line chart is forecasting a 5th wave leg up into 1st qtr of 2024 as part of a third wave (circle) Primary degree drive into mid-year, somewhere between $350-500. This fits well with the anticipated first year roll-out of Cybertruck. It will pay to be aggressive as TSLA starts taking out key levels to the upside and cautious if it does not. In other words, buy price strength, starting with a breakout above $250 and especially above $300. TSLA Calls Recommended In Premium Service These meager returns on initial TSLA call positions are the highest and best evidence that the move up has yet to begin. These two positions, one long term and one short-term, are still buyable at current prices, keeping in mind that a break above $250 could ignite a quick run into the $300's. TSLA - Intermediate Term - Daily For those holding Cybertruck reservations, including yours truly, the sweetest gains will be the ones that allow us to pay cash for our new vehicles out of option gains along the way. Dreamers or realists? The next 6-12 months will set the stage for the greatest stock move yet. 2019-2022 was the first leg up, 2022-2023 was wave two and 2024-2027 is the third wave, as Prechter wrote, "a wonder to behold." YouTube Video of the Week Elon Musk BOMBSHELL That Will Change Tesla Forever Fly In The Ointment Chart of The Week This chart strongly suggests that the market is at a top of some significance. Both Services have Key Levels not far below current prices that if broken will signal the purchase of Jan 2024 puts. More as next week unfolds, however it does.
