All previous double bottoms on Teslas daily chart have resulted in up Trending patterns as they should, just as the double tops have resulted in downtrends. This double bottom is currently in formation and not completely finished forming yet, it could be a prime time to enter into a position at or near the second bottom to catch the upside potential up towards a short term $200 price target, which I believe is completely reasonable considering Teslas popularity and quality as a company. Although with uncertain times in the overall market right now it would be wise to set a close stop loss to minimize risk, unless your intentions are to hold for a long period of time I do believe you will be safe entering right now.