jjkc
06-16

The stock has pumped up from 285 just a few weeks back sitting at 330. I cleared my option positions. Whether they launch Robotaxi or not on the 22nd, the revenue isn't going to change. Might be some profit taking and an opportunity to go back in. For my stock positions, holding onto that as Tesla could quickly pivot it's production lines to robotaxis if the demand ramps up towards the end of the year.

Tesla Rises for 5 Straight Days! Is This Rally Nearing Its End?
CEO Elon Musk provided an update on the company's robotaxi fleet on Sunday, and new data could suggest that its electric vehicle (EV) sales trends are improving. Fresh data on Tesla's order backlog shows Model Y wait times stretching to four-to-six weeks, up from one-to-three earlier this summer. The jump suggests rising demand, likely fueled by buyers rushing to secure the soon-to-expire $7,500 federal tax credit. Tesla has risen for 5 straight days. ----------- Is this rally nearing the end? Can Tesla break $350 or not?
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