Price dropped a Fibonacci 61.8% of the 2021 rally from $540 - $1,240 into this morning's low and has rebounded nicely. This is a weekly price chart and price can hang around $800, with a 5% window ($760-840) for a few weeks before taking off toward 2021 high. With my price target for calendar year 2022 up above $2,000 there is a huge risk:reward skew here toward the reward side of shares (risk 50% max to make 150%), as well as any 2023-2024 expiration under $1,500 (risk up to 100% to make as much as 1000%) Shorter-term there is no rush to put on any new long trades, next week should clarify conditions as market as a whole continues to fade rallies and make new lows. If interested in adding TSLA shares or calls, this looks as good as any time over the past few months. Tesla Weekly
