To The Moon

$Tesla Motors(TSLA)$ I started a position last week at an average of $316. And I'm ready to buy more.

$Rivian Automotive, Inc.(RIVN)$ The break above 17.70 isn't happening today. It feels like they don't want it to, and that's pretty much it. If it did, it would likely push the price toward $18 and beyond.

$Tesla Motors(TSLA)$  appears to be entering another parabolic phase, which is likely the last thing bears want to see. Momentum is rebuilding and the stock continues to attract attention. The risk for shorts is that if buyers keep defending key levels, another strong trend leg could develop. After some consolidation, the structure is showing renewed strength. The key thing to watch is whether price can maintain higher lows and break through major resistance with volume confirmation. While parabolic moves can create powerful upside, volatility and valuation risks are still there. It's a matter of watching whether this turns into another momentum cycle or just a temporary bounce. Often, the first reaction isn't the final one.

$Tesla Motors(TSLA)$ The VIX seems to be holding the Nasdaq down, which is also keeping TSLA from moving. You can see the correlation if you look. On a technical level, TSLA is showing some strength. If the VIX drops to 15.68 and breaks below, the NDX should jump, and that would likely push TSLA higher. We have resistance levels at 413, 415, and 420. All things considered, TSLA looks to have some short-term upside.

Turnarounds usually begin with leadership changes before the financials show any improvement. The new CEO at $Opendoor Technologies Inc(OPEN)$  is taking a $1 salary with no bonus, and his compensation is tied to roughly 82 million shares that only vest if the stock price reaches between $6.24 and $33. That's a performance-based structure similar to what $Tesla Motors(TSLA)$  has used. It's an interesting setup to keep an eye on as things develop.

$Tesla Motors(TSLA)$ Looks like it's breaking out of the bull flag and entering wave three.

$SpaceX(SPCX)$ $Leverage Shares 2X Long SPCX Daily ETF(SPCH)$ This is debt financing, not equity dilution. No need to rush into selling. This doesn't change the wildly bullish thesis on SpaceX; in fact, it strengthens it. It's a senior bond offering, not more stock. Having $100 billion in cash is extraordinary. That's not a company on the ropes. It's a company with ambition and capital requirements, and a proven way to achieve it. My view remains the same, even more so. No need to worry or panic sell.

$Tesla Motors(TSLA)$ When price opens low, it's not always a bullish sign. But when it opens low with an imbalance on a high timeframe like the monthly, it's hard to ignore. I wouldn't be surprised if these names close higher for the month after finding liquidity, starting with a strong week.

$Tesla Motors(TSLA)$ Looks set for a move to at least 420.

$Tesla Motors(TSLA)$ Only 70 more dollars to get to the 2024 price.