timwest

TSLA - Tesla - electric cars

BATS:TSLA   Tesla, Inc
1
Now that GM has cut back forecasts for the Volt, this may free up some attention for TSLA and its hot new electric car model coming out this year. The world may be saying that electric cars aren't for everyone, yet, but it appears that stockholders are steadily stepping up to the bar and loading up on shares. Time will tell if they can make a profit and deliver a reliable product, but for now it appears worth watching. I think that selling the $30 strike puts going out 6 months makes sense. I also think buying on a dip to $32-$31-$30 with a stop about $2 under your average cost would make sense also. Note how the stock has gotten "quiet" up here at this high compared to all the other spikes-down from up here. Cheers. Tim

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