I am way out of position on my covered calls. However, as a perma Tesla bull, I am fine rolling these for years to "catch up" if it comes to that.

Stock is rallying on an annualized run rate of 1.6M cars... this is a 20% shortfall on prior guidance with significant incentives pushing sales. Yes, energy storage deployments are huge for Q2 but this is a fraction of what the automotive business does. The macro backdrop is still very cloudy...

what a pump

interesting to see where friday takes us

This post was edited by ChocolateCoveredGummyBears on Jul 3 2024 03:41pm

If tsla closes friday strong, the weekly candle is a super bullish breakout of the current downward trend

Sold my shares at 240 with a view of buying back when things looked better. Wished I had bought back in the 150's.

What do you think will happen to the price after earnings? The deliveries isn't great, but the hype at the minute is strong. I'm personally hoping it drops again so I can buy some more. My current average price is 215 but my amount of pretty small.

I rerolled to 270

It has to pull back before earnings, I’ll buy em back 50% off

This post was edited by Bazi on Jul 5 2024 06:13am

This morning, I sold 25-40% of my TSLA retirement position for around $245. I do not want to manually touch my taxable shares unless we see $270+. For clarity, my covered call positions are weekly $162.50 strikes, HA. (I have been making $400-$800/month on each call I sell for over a year now.) Historically, I always rolled up with the stock for less premium, but I ignored the technical side of the stock and continued to roll at $162.50 while the stock broke $190. Again, I am a perma TSLA bull so I don't mind rolling these out far at much higher strikes.

Earnings then AI day could be very bullish given what we have seen around top "AI" stocks. If the business doesn't report better margins, I imagine a sell-off will follow... especially when I imagine buyers are holding trailing stop orders.

Ultimately, Tesla cannot ignore the economic backdrop. And now European tariffs will impact China Model 3 imports. When Tesla started offering 0.99% APR and other incentives, now expanding its FSD transfer timeline, many YouTube and Twitter personalities viewed this as bullish. I did not ... incentives are used to move inventory when demand is dwindling. Now APR reductions > price cuts on an accounting basis but the result is roughly the same. If we go into an economic recession globally, Tesla's P/E is going to skyrocket if the stock doesn't move down.

This post was edited by S3th on Jul 5 2024 09:36am

Just added a trailing stop loss between 3-5% for all unrestricted TSLA shares. I have seen this too often... I am confident if these trigger and stock reverses and runs I will have an opportunity to buy lower in the next 6-12 months.

This post was edited by S3th on Jul 5 2024 09:32am

Add sqqq 7.49

Technical analysis suggests if TSLA closes above $250 and volume doesn't fall off we will head to $258 on Monday. & if that breaks, then Tesla is headed to $290.

What a week for TSLA gatdamn…. Not to mention all the other big boyz hit ATH too

Insane bullish market