The 3-hour TSLA chart immediately below includes the last three earnings reports, all of which marked, within days, the end of second waves, in front of massive third wave impulse waves higher. The late April report was followed by a run from $145 to $271, a two-month gain of 86%. In August, the run took share price from $180 to $260 over the ensuing two months, a gain of 44%. The most recent earnings report, in late October, marked to the day the end of Wave (ii) @ $215, from which TSLA ran up to $488.50 in mid-December, for a gain of 127%. A repeat of any of these post-earnings price performances from around current levels ($394) takes TSLA to a range of between $567- $894, which is pretty darn close to the Fibonacci extension tool's projected range for Minor Wave 3, i.e., $680-870. TSLA 180 Minute I've been doing these projections with TSLA since late 2019 and although not perfect, we have been on target a lot more than off, and lately, in a big, big way (See 2025 Stock of the Year for our trading return on TSLA options for 2024.) Price has retraced about 25% from that December high, close enough to call it a complete Wave (iv) retracement, but also allowing more room to fall in a post-earnings panic after the current earnings report is out. In either case, a gap-up spike, or post-earnings panic lower into the Fib retracement zone, be prepared to jump all over TSLL calls as soon as the dust settles. TSLA Hourly Point & Figure We last looked at the P&F chart in our Dec 10th TSLA Update. At that time, TSLA was at $400 and we were targeting, "$450-650 for the next leg up." It hit $488.50 a week later and it is not clear if that was the leg up, or just part of the leg up. Tonight's earnings reaction will clear things up. Note the trendline drawn through the Fibonacci retracement window. Price can dip to it before finding a bottom and in front of a new and better, "next leg up," targeting $700-$900. That kind of move suggests unexpected news pending, so I plan on listening closely to the earnings conference call. Do not underestimate Elon Musk and his commitment to TSLA shareholders. Tesla - Starlink - Space-X, only one is available to us right now. Key words - "right now."
