After a great earnings conference call, 
TSLA started jumping higher, and apparently shorts are being squeezed. The weekly Time @ Mode signal implies price can hit 449.36 within 9 more weeks or less. I'm holding longs since we hit $250 roughly, and added a few times on the way up recently, and on dips.
Elon Musk claimsTSLA will be cash flow positive and profitable in very short order, and the production and sales growth certainly is very positive, as well as updates regarding their AI chips and software for self driving. I think we can see a very sharp rally from here, it will be challenging to not sell too soon.
Hodl!
Ivan Labrie.
TSLA started jumping higher, and apparently shorts are being squeezed. The weekly Time @ Mode signal implies price can hit 449.36 within 9 more weeks or less. I'm holding longs since we hit $250 roughly, and added a few times on the way up recently, and on dips.Elon Musk claims
TSLA will be cash flow positive and profitable in very short order, and the production and sales growth certainly is very positive, as well as updates regarding their AI chips and software for self driving. I think we can see a very sharp rally from here, it will be challenging to not sell too soon.Hodl!
Ivan Labrie.
Note
Highly reccomended reading: seekingalpha.com/article/4193497-tesla-tsla-q2-2018-results-earnings-call-transcriptNote
It's still uncertain if Musk will manage to take #TSLA private or not, but this could have started a big short squeeze...specially if he fails to do so, but the chain reaction is set off...we may see fireworks. Let's see if the stock gaps up tomorrow... Note
It's unclear if we would get to keep our shares, if taken private, I guess it depends on the broker you're using.If that's the case it might be worth it at a long term investment position. Else we'd be forced to take profits and would need to gain exposure to a fund with exposure to Tesla or just look to invest in correlated assets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.