$TSLA $500 Break Incoming and It Will Trigger One of the Most Violent Mega Cap Breakouts of the Year
Tesla has been consolidating since 2022 and hasn’t seen a break of ATHs with momentum since. When $TSLA breaks above 500 this time around it will move to 700 within a couple of weeks.
As of today, $TSLA reclaimed $400 and held. This is very different from what we normally see as Tesla tends to reverse often. If $TSLA can hold 414 this week a push to 423, 450 can come fast.
Tesla’s Optimus
$MU CEO just called humanoid robots a multi-decade demand cycle, noting one humanoid carries ~10x the memory of an autonomous vehicle, the supply chain confirming the demand. $TSLA is the only public company with a humanoid already in production, and paused Model S/X to convert Fremont into an Optimus line targeting a million units a year. The market’s projected near $200B by 2035 (trillions longer-term) and nobody’s pricing Optimus into TSLA yet. When they do, the re-rate is violent.
The Trade Idea
$TSLA above 423
Swing Trade: TSLA 7/17 450C
Day Trade: TSLA 7/7 435C
When a stock consolidates for as long as Tesla has the move that comes after tend to be extremely aggressive. Just look at consolidation break in 2020 for reference.
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- KittyBruno·06-30 18:22Held since 2019 and this weekly setup above 400 looks tighter than 2020. If 423 clears, 450 can rip fast 🚀LikeReport