Long Term Outlook

I decided to zoom out on Tesla to the Weekly time frame and label it from its public debut to today. Overall, it appears we have completed Wave IV, and began to climb higher in our Wave V. There is the possibility we haven't finished Wave IV yet and may have OML to make before the last jump in this SC Wave 1. This is represented as a turquois B in a yellow box which would be followed by a decent drop for wave C. This is not my primary count though as we hit the area of the previous wave 4 of 1 lesser degree, hit the 1.0 of what I am calling our A-B, hit right near the 0.382 retracement fib of wave III, & the time that has elapsed since wave III finished tells me we are ready to head higher. Not to mention at the $101.81 Tesla hit was a 75.4% drop from its all time high.

In short, don't forget the big picture. Tesla WILL move MUCH MUCH higher at some point. The question is what path will it take? I believe, according to my black count, we will drop a little more to the $140- 150 area to finish out this wave IV and then it will be off to the races. If my chart is to be correct that means we are headed to $1144/share MINIMUM. This would give Tesla a market cap of around $3.615 Trillion. AAPL is at $2.61 Trillion for comparison.

Hard to believe? Keep in mind, governments all around the WORLD are FORCING electric vehicles on consumers rather we want them or not. Tesla happens to be perfectly positioned to take complete advantage of this opportunity. Don't forget about the "affordable" car they are set to release sometimes this year. (According to rumors)


Bonam Fortunam,
--Tyler