Buying Long Term: Multi-day is very positive on TSLA right now before this breakout, and add to that the fact that Friday was the perfect opportunity to cause some sort of significant shake before earnings. There was a pull back Thursday with no follow trough Friday , instead we saw the pull back stalled. Perhaps its Hedge Funds knowing that the priority might be to relive excessive short positions. We also know that the borrowing rate to short is very low with a higher amount of shorts available on some platforms giving further credence to short covering on TSLA ahead of the Earnings Event. Again unlike some that want to see huge profits I wish to see any money made re invested. I would welcome losses as long as the model 3 release is on track for July area.
And all indications with the release candidate vehicle spotted , everything should be on track . This is no longer a new green behind the ears company as it was when model s and X first went into mass production. Instead those who are working on Teslas model 3 are now veterans of the X and the S, and I say veterans because these engineers would of most likely never gone into the car industry for there the best of the best seeking true challenges . Now these best of the best have the experience, and there task is to create 500k cars next year of a simpler vehicle created with ease of production in mind? I not only expect it to be released in time but the production numbers to stun wall street that keeps speaking of absolute delays as we saw with model S and X. They cant foretell the progressions of the talented in fields inherently foreign to them. Now that they are VETERANS after only 2 mass production cars, I am sure that goals meet but the lesser slower peers stuck in the past, can easily be surpassed buy this team shaping our very future.
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!