To The Moon

$Tesla Motors(TSLA)$ 📈 🅱️ U͎ L͎ L͎ I͎ S͎ H͎🔺

🚀🚀🚀 TSLA: Equal Base into Space – $500 in Sight? 🚀🚀🍀

Tesla (TSLA) has been accelerating with unstoppable momentum, primed for a breakout!

What a gift Tessie is!

🔍 Current Setup:

• Wedge Formation 📐: TSLA is consolidating within a wedge pattern, potentially pausing before its next breakout move. It's trying to push out now!

• Equal Base to Space: Technicals measure a move to $500, aligning with recent bullish sentiment.

📊 Key Levels:

• Recent high: $483.99 📈

• Wedge breakout target: $500+ 🎯

Analyst Buzz 🗣️:

Average analyst target update 🐢 ... so many price raises coming in 2025 (will they wait for Q1 earnings to do it?). The average Analyst target barely moved after the election. They will be scrambling to catch up to price at some point in the future.

• Dan Ives of Wedbush ⚡: Raised his target to $515, citing strong AI and autonomous driving catalysts ahead.

• Vijay Rakesh of Mizuho 🌟: Upgraded Tesla to “Outperform” with a $515 target, highlighting the upcoming Model Q and regulatory tailwinds.

🔥 Catalysts Driving Momentum:

1️⃣ Model Q Rumours: 

An affordable EV could ignite demand and dominate new markets.

2️⃣ Autonomous Driving: 

Potential easing of regulations may supercharge Tesla’s AI-powered FSD rollout.

3️⃣ AI Leadership: 

Tesla’s innovations in energy, robotics, and AI continue to build investor confidence.

🚧 Short-Term Risk:

TSLA may remain within the wedge briefly, but historical patterns show a strong chance of a breakout & it's trying to push now. It will push if $SPY gets going.

Fun Fact 🤓: 

Did you know Tesla delivered over 1.8 million vehicles in 2023, up from just 23,000 in 2013? That’s a 77x increase in 10 years, talk about growth!

📈 What my Chart says: 

TSLA’s wedge aligns perfectly with its next parabolic move. A breakout past $484 could easily set the course to $500 and beyond.

⚠️ Not Without Risks: Consolidation along the way could slow the ascent, but TSLA’s structure remains strong.

🔮 What’s Next? Traders, is TSLA your ride to $500+? 🚀

Happy trading ahead! Cheers, BC 📈🔥🍀🍀🍀