Long term very bullish as this makes up more than half of our portfolio but this looks super extended. Compare against past 2 years when Tesla had these giant moves away from 200 MA. It always retraced. I may trim and buy back at $1000. Sounds like move is a confluence of - Hertz 100K (or is it 200K) cars -Earnings - New Institutional Interest I dont have the data on the short squeeze but heard on Dave Lee channel that this is also a gamma squeeze where retail traders bought OTM calls and market makers who were hedged had to buy new long positions. If anyone has more intel on that Id love to hear.
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Like clockwork. I took the trade. Sold at $1195 and bought back - AVG price $1035. Not perfect but made 15%
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