Tesla Motors, Inc ( TSLA ) is a designer and manufacturer of electric cars and electric vehicle components. The company’s is currently trading around $202.50 in a 52 week range of $33.80-$205.50. TSLA opened at a new 52 week high before selling off slightly as buyers seem to be coming into TSLA ahead of their quarterly report set to be released on February 19th after the market close. Over the past 8 quarters the has rallied 5 times on day and has sold off 3 times with an average move of 10.6%. Currently, the options market is implying a move of $24.00 by this Friday’s expiration. With shares of TSLA trading well above the and the future cloud sloping strongly upward we believe that TSLA is setting up well for a long ahead of . Using the implied move we can calculate an upside target of $226.50 for expiration and use that level to set up an options strategy.