Asymmetric Tesla Oportunity
Updated
Tesla reacted pretty poorly to the consolidation of the over all stock market. The volatility in the 260-310 range the last couple weeks have been major opportunities primarily driven by HEAVY divergence of sentiment from fundamentals, leading to snaps in the stock. This Buy OP is just another good asymmetric op on TESLA, 240-260 is long term support, which if the overall market consolidates a few % I expect to hold. Additionally, Panasonic announced giga factory is 2 years ahead of schedule, model 3 is best selling car by revenue atm, production targets should be close to being met, elon hints on twitter of profitability. Lots of reasons to believe sentiment could do another snap to the 300 +/- 10. Probably need to put this trade on pre market money if we don't see continued selling.
Note
good deal
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