[Excerpt from Blue Line Trading System Weekend Update, Feb 1, 2025]
The CEO Speaks
The headline takeaway coming out of Tesla's earnings call last Wednesday came from Elon Musk and his projection of market cap (and via some simple division, share price) over the next three years. His projection is that Tesla will be worth more than the closest five companies in terms of market value....COMBINED!

Taking that projection a bit further, let's do some math:
Top FIve Companies Ranked By Market Capitalization
AAPL 3.6T
MSFT 3.3T
NVDA 3.0T
AMZN 2.5T
GOOG 2.4T
Total = 14.8T
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Regulation Fair Disclosure (Reg FD):
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This SEC rule prohibits selective disclosure of material nonpublic information to certain individuals or entities. If a CEO discusses stock price projections or other material information, they must ensure this information is made available to the public simultaneously or very soon thereafter to avoid giving anyone an unfair advantage.
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SEC Rules Against Market Manipulation: (bold emphasis mine)
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CEOs must avoid statements that could be considered manipulative or misleading. Making unfounded or speculative comments about future stock performance could be seen as manipulating the market, which is illegal under various SEC rules.
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Insider Trading Laws:
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While not directly about commenting, insiders must be cautious as their comments might inadvertently reveal insider information. If they possess material nonpublic information, they are restricted from trading or tipping others based on that information.
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Guidance from Legal and Compliance Teams:
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Most companies have strict internal policies or guidelines about what can be said in public statements or during earnings calls. These are often crafted with input from legal counsel to comply with securities laws.
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Forward-Looking Statements:
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If CEOs do comment on projections, they often use safe harbor provisions for "forward-looking statements." This involves cautionary language that future results might differ materially from current projections, which provides some legal protection but doesn't eliminate all risk.
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TSLA
Still waiting for more conclusive evidence that Wave (iv) has ended. It looks from this Daily chart that another dip into Fib retracement zone (shaded rectangle) is needed. Look for a powerful spike up out of zone to mark the continuation of Wave iii (circle) of 3, to much higher prices later this year.

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