Today, while chatting with Sam, we discussed our bullish outlook on Tesla and its potential for more disruptive innovation in the future.
It’s incredible how things once seen as science fiction or “only in the movies,” are becoming reality.
Elon Musk resembles a real-world Tony Stark or a Star Wars visionary, turning far-out ideas into groundbreaking new technologies.
But this isn’t about Musk or our fundamental outlook on the company — the chart setup couldn’t look any better.
The risk for TSLA is skewed heavily to the upside above those old highs.
Tesla spent the past three years building a massive base within the context of a structural uptrend.
Over the past two months, price has surged in a near-vertical line. Last week, the stock broke out to new all-time highs, finally piercing through the top of its range, reclaiming the prior cycle highs from 2021.
The line in the sand lies at 415. From here, I see the stock heading toward 600 and, eventually, 900.
This breakout is happening right now. Mega-cap stocks and the Magnificent Seven are back in the spotlight.
The momentum is undeniable, and this is just the beginning of what could be a historic move higher.
