$Tesla Motors(TSLA)$ $500 Break Incoming and It Will Trigger One of the Most Violent Mega Cap Breakouts of the Year
Tesla has been consolidating since 2022 and hasn’t seen a break of ATHs with momentum since. When
$Tesla Motors(TSLA)$ breaks above 500 this time around it will move to 700 within a couple of weeks.
As of today,
$Tesla Motors(TSLA)$reclaimed $400 and held. This is very different from what we normally see as Tesla tends to reverse often. If
$Tesla Motors(TSLA)$ can hold 414 this week a push to 423, 450 can come fast.
Tesla’s Optimus
$Micron Technology(MU)$ CEO just called humanoid robots a multi-decade demand cycle, noting one humanoid carries ~10x the memory of an autonomous vehicle, the supply chain confirming the demand.
$Tesla Motors(TSLA)$ is the only public company with a humanoid already in production, and paused Model S/X to convert Fremont into an Optimus line targeting a million units a year. The market’s projected near $200B by 2035 (trillions longer-term) and nobody’s pricing Optimus into TSLA yet. When they do, the re-rate is violent.
The Trade Idea
$Tesla Motors(TSLA)$ above 423
Swing Trade: TSLA 7/17 450C
Day Trade: TSLA 7/7 435C
When a stock consolidates for as long as Tesla has the move that comes after tend to be extremely aggressive. Just look at consolidation break in 2020 for reference.
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