{"id":76626,"date":"2024-12-12T09:46:28","date_gmt":"2024-12-12T14:46:28","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=76626"},"modified":"2024-12-12T09:47:49","modified_gmt":"2024-12-12T14:47:49","slug":"scott-redler-tesla-500","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/","title":{"rendered":"Tesla $500? My Opinion&#8230;"},"content":{"rendered":"<p><b>Brought to You By <a href=\"https:\/\/vp301.isrefer.com\/go\/ppor\/t3l\/web-db\"><span style=\"text-decoration: underline;\">Scott Redler's Power Plays &#8211; Get My #1 Idea Every Week.<\/span><\/a><\/b><\/p>\n<p><a href=\"https:\/\/vp301.isrefer.com\/go\/ppor\/t3l\/web-db\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-76627 \" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px.jpg\" alt=\"\" width=\"533\" height=\"300\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px.jpg 800w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-300x169.jpg 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-150x84.jpg 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-768x432.jpg 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-80x45.jpg 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-220x124.jpg 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-178x100.jpg 178w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-267x150.jpg 267w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-423x238.jpg 423w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/@reddogt3-1280-x-720-px-738x415.jpg 738w\" sizes=\"(max-width: 533px) 100vw, 533px\" \/><\/a><\/p>\n<p><b>Welcome to the latest edition of Dog Bytes!<\/b><\/p>\n<p><b>SPX<\/b>\u00a0futures are down -13 following today's PPI report and a big post-CPI rally yesterday.<\/p>\n<p>It seems like a 25bp rate cut for 12\/18 is guaranteed. But the language is something of a mystery. Europe is flattish, and China is up ahead of its stimulus conference.<\/p>\n<p><b>ADBE<\/b>\u00a0is down 10% after earnings while\u00a0<b>AVGO<\/b>\u00a0reports after the close.<\/p>\n<p>There is still lots of great action in Mag7 and Bitcoin, which have been a cornerstone in\u00a0<b><span style=\"text-decoration: underline;\"><a href=\"https:\/\/vp301.isrefer.com\/go\/ppor\/t3l\/web-db\" target=\"_blank\" rel=\"noopener\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/vp301.keap-link005.com\/v2\/click\/edff31e7d77ddf5edcd5826534ef72f5\/eJyNkMEKwjAQRP9lz7VJFavmJiKlVD2IniW2qwbbZElXQaT_bhTxpOB1Z_YNM3dgtNpyXoGCKw1kAhF4LA0ZtDxzlnX5EpN0kvQjqI09Z95dCNT92-tHf17T4Xg0lBHwjTB4NuvprMhX2W6Rr4rgJe1Dxj-giZSpTNIPab6c5gvoup9obAzPr4HegmJ_wWenyoRevPV18J-YqVVCvNJi03o8oI9L14ijE0TOCx7UAptetQ80TYS2eo9R4A3UQdctdg8DqWXj&source=gmail&ust=1734100982430000&usg=AOvVaw2OW7oa87BjC0v17OCPMys7\">the Power Plays newsletter ($99 for 1 year)<\/a><\/span>\u00a0<\/b>the past few months.<\/p>\n<p>But let's talk about the big topic today&#8230;<\/p>\n<p><b>TSLA<\/b>\u00a0has been AWESOME with so many ways to play it. The last setup was when it held $348 to clear $362. Yesterday, it made a new all-time high. And this morning it hit $429.52! Of course, this has some asking if TSLA can hit $500. My answer is of course anything is possible &#8212; we could see more upside in the weeks ahead. But the real question is what do I do today? I want to be trimming TSLA here, not adding. And so we're clear &#8212; I would not be looking to get short.<\/p>\n<p><b>SMH<\/b>\u00a0remains challenged. Every time it's about to break down, it holds. $234 held and is our new point of reference. $247 is pivot resistance. Above that, and it looks more constructive to be long.\u00a0<b>AVGO<\/b>\u00a0reports after the close.<\/p>\n<p><b>NVDA<\/b>\u00a0reversed to the upside yesterday. It held above $133.80 to get it out of the danger zone. It still has to prove it can be special. It needs to clear and hold $141 to look better.<\/p>\n<p><b>PLTR<\/b>\u00a0had a monster move this year. Recently, it made a big topping bearish engulfing candle with a high of $80+. It's looser and wider. Short-term, $68 needs to hold.<\/p>\n<p><b>RDDT<\/b>\u00a0rebuilt fast after a high of $180. As long as this holds $152ish, it looks good.<\/p>\n<p><b>CCJ<\/b>\u00a0broke $60.55 to get any active momentum traders out, then lost the 8-day to confirm weakness. Some might try longs vs. $55.78. It has a lot of work to do.<\/p>\n<p><a href=\"https:\/\/vp301.isrefer.com\/go\/ppp\/t3l\/ban-24-07-23\"><img decoding=\"async\" class=\"alignnone wp-image-57046\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text.png\" alt=\"\" width=\"591\" height=\"81\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text.png 1000w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-300x41.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-150x21.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-768x105.png 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-80x11.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-220x30.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-250x34.png 250w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-280x38.png 280w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-510x70.png 510w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-750x103.png 750w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2021\/09\/scott-redler-power-plays-logo-text-975x134.png 975w\" sizes=\"(max-width: 591px) 100vw, 591px\" \/><\/a><\/p>\n<h3><strong>Featured: Join Scott Redler's Plays for $99<\/strong><\/h3>\n<p>Get Scott's #1 idea each week.<\/p>\n<p>That's 52 weeks for just $99. (not a typo)<\/p>\n<p>Be on the list for the next idea:<\/p>\n<p><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/vp301.isrefer.com\/go\/ppor\/t3l\/web-db\">See why now's the right time to join.<\/a><\/strong><\/span><\/p>\n<p><em>*Scott Redler Positions Disclosure as of 2024-12-12 at 9.45.53\u202fAM<\/em><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-76628\" src=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM.png\" alt=\"\" width=\"542\" height=\"481\" srcset=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM.png 803w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-300x266.png 300w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-150x133.png 150w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-768x682.png 768w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-80x71.png 80w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-220x195.png 220w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-113x100.png 113w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-169x150.png 169w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-268x238.png 268w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-467x415.png 467w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-548x487.png 548w, https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/12\/Screenshot-2024-12-12-at-9.45.53\u202fAM-670x595.png 670w\" sizes=\"(max-width: 542px) 100vw, 542px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brought to You By Scott Redler&#8217;s Power Plays &#8211; Get My #1 Idea Every Week. Welcome to the latest edition of Dog Bytes! SPX\u00a0futures are down -13 following today&#8217;s PPI report and a big post-CPI rally yesterday. It seems like a 25bp rate cut for 12\/18 is guaranteed. But the language is something of a mystery. Europe is flattish, and China is up ahead of its stimulus conference. ADBE\u00a0is down 10% after earnings while\u00a0AVGO\u00a0reports after the close. There is still lots of great action in Mag7 and Bitcoin, which have been a cornerstone in\u00a0the Power Plays newsletter ($99 for 1 year)\u00a0the past few months. But let&#8217;s talk about the big topic today&#8230; TSLA\u00a0has been AWESOME with so many ways to play it. The last setup was when it held $348 to clear $362. Yesterday, it made a new all-time high. And this morning it hit $429.52! Of course, this has some asking if TSLA can hit $500. My answer is of course anything is possible &#8212; we could see more upside in the weeks ahead. But the real question is what do I do today? I want to be trimming TSLA here, not adding. And so we&#8217;re clear &#8212; I would not be looking to get short. SMH\u00a0remains challenged. Every time it&#8217;s about to break down, it holds. $234 held and is our new point of reference. $247 is pivot resistance. Above that, and it looks more constructive to be long.\u00a0AVGO\u00a0reports after the close. NVDA\u00a0reversed to the upside yesterday. It held above $133.80 to get it out of the danger zone. It still has to prove it can be special. It needs to clear and hold $141 to look better. PLTR\u00a0had a monster move this year. Recently, it made a big topping bearish engulfing candle with a high of $80+. It&#8217;s looser and wider. Short-term, $68 needs to hold. RDDT\u00a0rebuilt fast after a high of $180. As long as this holds $152ish, it looks good. CCJ\u00a0broke $60.55 to get any active momentum traders out, then lost the 8-day to confirm weakness. Some might try longs vs. $55.78. It has a lot of work to do. Featured: Join Scott Redler&#8217;s Plays for $99 Get Scott&#8217;s #1 idea each week. That&#8217;s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now&#8217;s the right time to join. *Scott Redler Positions Disclosure as of 2024-12-12 at 9.45.53\u202fAM<\/p>\n","protected":false},"author":4,"featured_media":75075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-76626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-scott-redler-dog-bytes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla $500? My Opinion... - T3 Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tesla $500? My Opinion... - T3 Live\" \/>\n<meta property=\"og:description\" content=\"Brought to You By Scott Redler&#039;s Power Plays &#8211; Get My #1 Idea Every Week. Welcome to the latest edition of Dog Bytes! SPX\u00a0futures are down -13 following today&#039;s PPI report and a big post-CPI rally yesterday. It seems like a 25bp rate cut for 12\/18 is guaranteed. But the language is something of a mystery. Europe is flattish, and China is up ahead of its stimulus conference. ADBE\u00a0is down 10% after earnings while\u00a0AVGO\u00a0reports after the close. There is still lots of great action in Mag7 and Bitcoin, which have been a cornerstone in\u00a0the Power Plays newsletter ($99 for 1 year)\u00a0the past few months. But let&#039;s talk about the big topic today&#8230; TSLA\u00a0has been AWESOME with so many ways to play it. The last setup was when it held $348 to clear $362. Yesterday, it made a new all-time high. And this morning it hit $429.52! Of course, this has some asking if TSLA can hit $500. My answer is of course anything is possible &#8212; we could see more upside in the weeks ahead. But the real question is what do I do today? I want to be trimming TSLA here, not adding. And so we&#039;re clear &#8212; I would not be looking to get short. SMH\u00a0remains challenged. Every time it&#039;s about to break down, it holds. $234 held and is our new point of reference. $247 is pivot resistance. Above that, and it looks more constructive to be long.\u00a0AVGO\u00a0reports after the close. NVDA\u00a0reversed to the upside yesterday. It held above $133.80 to get it out of the danger zone. It still has to prove it can be special. It needs to clear and hold $141 to look better. PLTR\u00a0had a monster move this year. Recently, it made a big topping bearish engulfing candle with a high of $80+. It&#039;s looser and wider. Short-term, $68 needs to hold. RDDT\u00a0rebuilt fast after a high of $180. As long as this holds $152ish, it looks good. CCJ\u00a0broke $60.55 to get any active momentum traders out, then lost the 8-day to confirm weakness. Some might try longs vs. $55.78. It has a lot of work to do. Featured: Join Scott Redler&#039;s Plays for $99 Get Scott&#039;s #1 idea each week. That&#039;s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now&#039;s the right time to join. *Scott Redler Positions Disclosure as of 2024-12-12 at 9.45.53\u202fAM\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/\" \/>\n<meta property=\"og:site_name\" content=\"T3 Live\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-12T14:46:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T14:47:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/06\/scott-redler-dog-bytes-featured-image-slider.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1599\" \/>\n\t<meta property=\"og:image:height\" content=\"837\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Scott Redler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Redler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/\"},\"author\":{\"name\":\"Scott Redler\",\"@id\":\"https:\/\/blog.t3live.com\/#\/schema\/person\/2b821daf1329db4f769229636487712a\"},\"headline\":\"Tesla $500? 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My Opinion... - T3 Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/","og_locale":"en_US","og_type":"article","og_title":"Tesla $500? My Opinion... - T3 Live","og_description":"Brought to You By Scott Redler's Power Plays &#8211; Get My #1 Idea Every Week. Welcome to the latest edition of Dog Bytes! SPX\u00a0futures are down -13 following today's PPI report and a big post-CPI rally yesterday. It seems like a 25bp rate cut for 12\/18 is guaranteed. But the language is something of a mystery. Europe is flattish, and China is up ahead of its stimulus conference. ADBE\u00a0is down 10% after earnings while\u00a0AVGO\u00a0reports after the close. There is still lots of great action in Mag7 and Bitcoin, which have been a cornerstone in\u00a0the Power Plays newsletter ($99 for 1 year)\u00a0the past few months. But let's talk about the big topic today&#8230; TSLA\u00a0has been AWESOME with so many ways to play it. The last setup was when it held $348 to clear $362. Yesterday, it made a new all-time high. And this morning it hit $429.52! Of course, this has some asking if TSLA can hit $500. My answer is of course anything is possible &#8212; we could see more upside in the weeks ahead. But the real question is what do I do today? I want to be trimming TSLA here, not adding. And so we're clear &#8212; I would not be looking to get short. SMH\u00a0remains challenged. Every time it's about to break down, it holds. $234 held and is our new point of reference. $247 is pivot resistance. Above that, and it looks more constructive to be long.\u00a0AVGO\u00a0reports after the close. NVDA\u00a0reversed to the upside yesterday. It held above $133.80 to get it out of the danger zone. It still has to prove it can be special. It needs to clear and hold $141 to look better. PLTR\u00a0had a monster move this year. Recently, it made a big topping bearish engulfing candle with a high of $80+. It's looser and wider. Short-term, $68 needs to hold. RDDT\u00a0rebuilt fast after a high of $180. As long as this holds $152ish, it looks good. CCJ\u00a0broke $60.55 to get any active momentum traders out, then lost the 8-day to confirm weakness. Some might try longs vs. $55.78. It has a lot of work to do. Featured: Join Scott Redler's Plays for $99 Get Scott's #1 idea each week. That's 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now's the right time to join. *Scott Redler Positions Disclosure as of 2024-12-12 at 9.45.53\u202fAM","og_url":"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/","og_site_name":"T3 Live","article_published_time":"2024-12-12T14:46:28+00:00","article_modified_time":"2024-12-12T14:47:49+00:00","og_image":[{"width":1599,"height":837,"url":"https:\/\/blog.t3live.com\/wp-content\/uploads\/2024\/06\/scott-redler-dog-bytes-featured-image-slider.png","type":"image\/png"}],"author":"Scott Redler","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Scott Redler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/#article","isPartOf":{"@id":"https:\/\/blog.t3live.com\/2024\/12\/12\/scott-redler-tesla-500\/"},"author":{"name":"Scott Redler","@id":"https:\/\/blog.t3live.com\/#\/schema\/person\/2b821daf1329db4f769229636487712a"},"headline":"Tesla $500? 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