Look Back At Buying TSLAApril 7th, 2020
Figure 1 illustrates the above algorithm – buying on green dots and selling on red. This is what would result in the $901 profit. But buying on the first blue dot would have negated all the extraordinary efforts in timing the market perfectly to achieve the initial results. Had you exited TSLA completely on the last red dot, you would have missed by only a couple weeks the first blue dot. Had you purchased at the first green dot and sold only on the first blue dot, you would have done about the same as if you timed the market perfectly since 2012.
So what caused the massive breakout from the bottom two resistance lines? It was absolutely GF3 (Gigafactory Shanghia) being built and online within a year (better than most expected).
What could cause the second blue dot to occur? How about a double whammy off of this list:
- Battery production facilitating Grid Cell Storage (AKA Surprise! Energy makes more $ than vehicle production)
- Solar roof ramp better than expected
- Semi-truck ramp better than expected
- Giga Berlin going online in 2021
- Giga Texas going online in 2022
- GF3 Battery Production sooner/better than expected
- Tesla Insurance expansion World-wide
- FSD v1 Deployment
- Robotaxi Deployment
- Production Doubling
- Model Y outselling Model 3 with record production
- TSLA joins S&P 500
Also we have Tesla Roadster, Model Y ramp, Cybertruck ramp and numerous software enhancements to look forward to.
I am TSLA Long. Model 3 Owner. Brother of a Model 3 owner. Son of a Model S owner. I have reservations for Slate Roof and Cybertruck. I am a Tesla speculator and fanboy. I am not a financial advisor. Investing in anything comes with inherent risk.
I (Pseudonym: Oliver Klozov) support the following on Patreon and you should too:
The following YouTubers help support my TSLA long bias through stock price volatility. +Great insights.
- The Limiting Factor
- Now You Know
- Dave Lee on Investing
- Financial Education
- EV Stock Channel