Power Plays New Idea: TSLA
January 30, 2024

By Scott Redler

Name: Tesla

Ticker: TSLA

Price: $399

Needs to Hold: $360 to $382

Price Objective 1: N/A

Price Objective 2: N/A

Elon Musk said all the right things on Tesla's (TSLA) earnings call yesterday after the close, and I'm adding the stock to Power Plays here.

This morning's low looks durable for a classic post-earnings gap play.

The stock led the Mag7 to close out 2024, and I see that leadership status coming back in a jiffy.

I'd like to see a close near the highs today to set up a move through the $420 area. (Elon's favorite spot!)

-Scott

Scott Redler Positions Disclosure as of 2025-01-30 at 10.24.09 AM