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AwesomeAvani
Apr 6, 2024 3:55 AM

TSLA does the upcoming RoboTaxi announce change things LONG Long

Tesla, Inc.NASDAQ

Description

TSLA has the accouncement upcoming. Price will pump for sure. Will it then dump or

change the trend altogether? The forecasts are there. The tea leaves and crystal balls

will tell the rest of the story. In the meanwhile, I will take long trades to play this in

the immediate term. One million taxis making $250 / per day every day per each is

serious potential future growth perhaps at the expense of UBER and LYFT which may get

a bearish bias in the short term on this upcoming announcement. Playing the news

sometimes works.

Trade active

TSLA is up 6% since the idea posted and today is a down market early in the day.

Trade is risk free- stop loss changed to a trailing 3 % stop loss to account for ATR

/volatility.

Trade active

Trade active

TSLA put in a good day. RoboTaxi new catalyst helps.

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Trending and moving up continues- one a higher time frame- TSLA appears to be in an inverse ( upside down) Cup and Handle pattern now printing the handle.

Added 25% to the shares and took another call option for 175 for mid July .

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Partial profits taken at 178.6. Watching for a fade from the news catalyst Fib zone
support may dominate and reject a fall.

Comment

Comment

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TSLA rising from a double bottom. Added 20% to the position. Call option for
200 for mid Spetember added as well.

Comment

Trade active

Trade active

TLSA had a big move up as traders were impressed with the minimal severity of the earnings miss. Those who played earnings with a long trade did quite well. My patience has been rewarded.
Comments
Dukenukem128
he is luring stock buyers before the earnings, he could have waited 2 weeks to announce this in the earnings call... remember the big announcement of stock split.. and then stock went from 300 to 100, sorry i wont bite
AwesomeAvani
@Dukenukem128, I am just playing the player and the news and the reaction to the news from traders- all short term and strategic- I have a large position in TSLA puts- and I do mean LARGE. This is a counter move just to extract extra money for my next V-8 diesel truck. ( follow the options chain next week to see what smart money is doing for the short term).
AwesomeAvani
@Dukenukem128, as you know TSLA's stock price is primarily based on the perception of the projections of future earnings
and not the current earnings. The only relevance of current earnings is how they might alter that perception. (IMO obviously) TSLA is the most valued auto manufacturer in the world not because of current production but because of the hypothetical
growth iniatives. RoboTaxi is one of them. The prospects are for one million taxis globally netting $ 250 daily 365/24/7.
Do the math. It comes out to about 75B / annually at least. This is what investors and some traders are looking it. I am just in it for fast money without much effort. Call me greedy. I call myself lazy and practical.
AwesomeAvani
@Dukenukem128, TSLA moves up to exactly where the forecasting algo projected. Profitable trade already updated above.
AwesomeAvani
@Dukenukem128, My patience has been rewarded greatly $$$$$$. I will now watch for a post earnings fade to revive my shorts ( put options for 2026)
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