Tesla is actively expanding its product lines and exploring new technological frontiers. Despite facing stiff competition and regulatory hurdles, the company is strategically positioned to leverage its advanced technology for continued growth in the automotive and AI sectors.

Tesla's stock closed up 3.87% on Tuesday, briefly hitting its best levels since last October.

Tesla stock has risen for 10 straight sessions.

This set the scene for Weekly Options USA Members to profit by 106% using a TSLA Weekly Options trade!

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Tuesday, July 09, 2024

by Ian Harvey

UPDATE

Tesla Inc (NASDAQ: TSLA)'s stock closed up 3.87% on Tuesday, briefly hitting its best levels since last October. Tesla stock has risen for 10 straight sessions, the longest win streak since a 13-day run in June 2023.

The positive moves mean Tesla has erased all of its year-to-date losses, with the stock up about 5% since the start of the year. Shares have also surged about 75% since hitting 52-week lows in April.

Tesla has soared in part on stronger-than-expected second-quarter EV deliveries and battery storage deployments. Looking ahead, Tesla earnings are due on July 23, with a robotaxi event on Aug. 8.

"All of a sudden, the market is valuing the growth potential for Tesla," Seth Goldstein, equity strategist at Morningstar, said. "Q1 deliveries surprised to the downside so the market was assuming a lower growth rate, and that's why we've seen the large rally."

Tesla's market valuation is now $836.6 billion.

The TSLA Weekly Options Potential Profit Explained.....

** OPTION TRADE: Buy TSLA JUL 26 2024 270.000 CALLS - price at last close was $8.45 - adjust accordingly.

Obviously the results will vary from trader to trader depending on entry cost and exit price that was undertaken.

Entered the TSLA Weekly Options (CALL) Trade on Friday, July 05, 2024 for $7.90.

Sold half the TSLA Weekly options contracts on Tuesday, July 09, 2024 for $16.30; a potential profit of106%.

(This will vary for members depending on their entry and exit strategies).

Holding remaining contracts for further profit.

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Why the TESLA Weekly Options Trade was Originally Executed!

Weekly Options Trade - Tesla Inc (NASDAQ: TSLA) CALLS

Friday, July 05, 2024

Trade Details

OPTION TRADE: Purchase TSLA JUL 26 2024 270.000 CALLS - last closing price was $8.45 - adjust as necessary.

• Expiration Date: July 26, 2024.
• Strike Price: $270.00.
• Previous Closing Price: $8.45.

Risk Management:

• Set a pre-determined sell point at about 50% above purchase price (modify based on your strategy).
• Implement a protective stop loss at -60% of the entry price.
• Note: Given the current market volatility, I personally opt for a flexible sell strategy rather than a fixed stop loss. Adapt this to your own risk tolerance.

Trade Analysis

Tesla Inc (NASDAQ: TSLA) is at the forefront of the electric vehicle industry, with Elon Musk pushing significant advancements in automation and AI. The company's market cap stands robustly, making it a prime candidate for substantial growth, especially with innovations like Robotaxi and Optimus robots on the horizon.

Current Situation

Tesla is actively expanding its product lines and exploring new technological frontiers. Despite facing stiff competition and regulatory hurdles, the company is strategically positioned to leverage its advanced technology for continued growth in the automotive and AI sectors.

Key Insights from Earnings Call

During the recent earnings call, CEO Elon Musk emphasized the transformative potential of upcoming projects like Robotaxi and the Optimus robots, which could significantly alter market dynamics and enhance Tesla's revenue streams.

Catalysts for the Trade

Elon Musk has announced major developments expected over the next 18 months, including the launch of Robotaxi and the commercial rollout of Optimus robots, potentially revolutionizing the automotive and AI industries.

Further Catalysts for the Trade

Revenue Streams and Market Expansion

With the introduction of Robotaxi, Tesla plans to tap into new revenue streams such as ride-hailing, which promises high margins and could significantly boost the company's financial profile.

Market Position and Competitive Landscape

Despite challenges, Tesla's innovative advancements in self-driving technology position it ahead of competitors, potentially leading to a dominant role in the new market segments it aims to capture.

Analyst Reactions

Analysts are cautiously optimistic, with some like Cathie Wood of ARK Invest projecting substantial future earnings from Tesla's new ventures. However, opinions vary widely across the financial community.

Company Overview

Tesla Inc, established in 2003 and publicly traded since 2010, has grown to dominate the electric vehicle market. The company is diversifying its revenue through innovations in AI and automation, with significant investments in technology that could redefine its industry standing.

Technical Analysis

• Market capitalization: $785.79 billion.
• P/E ratio: 62.85.
• Beta: 2.31.
• 52-week low: $138.80.
• 52-week high: $299.29.
• 50-day moving average: $182.57.
• 200-day moving average: $191.32.

Capitalizing on Tesla's Innovations

This trade aims to capitalize on Tesla's potential market growth driven by upcoming product launches and technological advancements.

Therefore…..

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FINALLY.....

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