TSLA breakout heading into earnings >>> law of supply & demand

Expect a breakout next week of 10/12, heading into earnings on 10/21. My price target for Tesla is to hit an all time high of $520. Everyone knows that the price of a stock is directly related to it's bid vs ask price. And everyone knows that the most important price action for any stock, is in direct correlation to the Law of Supply and Demand. Well folks, forget the fundamentals analysis this week coming up of 10/12, it all boils down to the Law of Supply and Demand. Full stop, period. Less people will be willing to sell their shares/options of TSLA and more people will be willing to buy shares/options of TSLA heading into earnings on 10/21. Don't get left in the dust waiting until the day of earnings on 10/21 to make your trade during high volume and volatility. I suggest getting your position in on Monday 10/12 if you haven't already this past week. Good luck and happy trading friends.

Note

"A recently-published report from EnergySage, an online comparison-shopping marketplace for rooftop solar and energy storage systems, has revealed something quite incredible. Despite Tesla Energy’s understated ramp, the Powerwall 2 has actually been dominating the United States’ residential battery storage market — and the competition is not even close."
Credit: Simon Alvarez 10/09/20

teslarati.com/wp-content/uploads/2020/10/tesla-powerwall-domination-1024x757.jpg

Note

Tesla battery supplier LG Chem forecasts record third-quarter profit.

"LG Chem, along with China’s CATL, supplies batteries for Tesla’s electric cars made in Shanghai. Tesla posted record quarterly deliveries in the third quarter."

(credit: Hyunjoo Jin & Heekyong Yang, Reuters 10/11)

Trade active

470/530
&
480/520
CallDebitSpread10/16
looking good right now.

Note

"After years of promising a Full Self-Driving feature, Tesla will finally roll out the feature to select customers next week.

Chief Executive Elon Musk said on Twitter that a limited FSD beta will be available Tuesday, October 20."
(Credit: teslamotorsclub.com)

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