The charts of the electric vehicle maker are showing some weakening in the stock, though a major shake-out isn't likely.
My plan is to enter into an entry level position on the short side.
I don't expect a break up to be announced anytime soon. If that were to happen, I'll add at least $300 to my target price. No joke.
Because they could be the next Netflix or Amazon. To me that's enough.
There's reason to believe last week's selloff was based on a false pretense, and that the episode could be a buying opportunity.
The best play post-earnings over time on Tesla has been selling bullish put spreads that expire roughly two weeks into the close TOMORROW, the first day post-earnings.
There are 5 things that I would like to see happen here.
TSLA built a plant in China at exactly the worst time in modern Chinese history because of the spreading coronavirus.
I hope you never find yourself in a position where you're hoping for a plague to spread or lives to be lost in order to make a buck.
The shares remain wildly overvalued and you should not buy them.