Some folks in the options thread have speculated that TSLA will plateau or drop hard from here. Reasons include: all-time high, pullback after runup, happened many times this year.
I don't think so. Tesla is changing fast, and so is market sentiment. For the first time in history...
- Tesla just raised prices on ALL their cars (nonperformance versions) because backlogs are out of control.
- Plaid shocked the industry, and is still getting press and ecstatic word-of-mouth.
- Production capacity is on track to DOUBLE very soon.
- Battery supply is on track to 10X soon.
- Tesla recently increased sales by double digits while ALL automajors lost sales by double digits.
- FSD Beta, despite today's temporary setback, is expanding to thousands of testers.
- S&P's rating upgrade reportedly expands the number of institutions that can buy TSLA.
- Market manipulators recently lost control, including paying on the GIGANTIC call wall at $900 last Friday.
- Analyst upgrades are pouring in.
- Even the two-faced mercenary Jonas upgraded bigly, maybe because his employer and their clients "who matter" are positioned for more runup.
Years ago I posted that a long decline in TSLA turned around when Jonas switched overnight from hilariously negative to positive on Tesla. That's when I jumped into buying again, and was not disappointed.
I'm not selling any covered calls now, not even those judged "safe" by folks looking at TSLA's past behavior. Things have changed. History is being made.
You may have heard the aphorism: "Past performance does not guarantee it will continue." The same is true of past underperformance.