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Tesla Q4 Delivery: Dash to $500 or Sell the News? 🚗📈$Tesla Motors(TSLA)$  

Tesla is gearing up to break records, with Barclays estimating Q4 deliveries at 515,000, reflecting impressive year-over-year growth and sustaining its strong momentum in the stock market. With the stock nearing $500, the question remains: will it surge higher or succumb to a “sell the news” event?

Resistance at $488: A Crucial Level

Tesla’s current resistance lies at $488, its recent high. Breaking above this level could lead to a rally, but there’s also the risk of a pullback as investors lock in profits. For someone like me, holding 100 shares with a cost basis of $235, this is a critical decision point.

My Strategy

1️⃣ Covered Call Approach:

I might sell weekly $500 call options, earning premium income while waiting for Tesla to reach this level. This strategy allows me to generate consistent returns even if the stock consolidates.

2️⃣ Partial Profit-Taking:

Alternatively, I could set a sell order at $500 for part of my holdings. This would let me lock in profits while retaining some shares for potential further upside.

3️⃣ Buy Back Lower:

If Tesla pulls back after a strong Q4 delivery report, I’ll consider buying back shares at lower levels to rebuild my position.

Barclays Estimate Looks Promising

Barclays’ 515,000 delivery estimate aligns with Tesla’s track record of exceeding expectations. Given Tesla’s consistent execution, this number looks achievable, and it could act as a bullish catalyst. However, with a price-to-earnings ratio often higher than competitors, the market’s reaction may depend on broader sentiment.

Final Thoughts

Tesla’s next move depends on breaking the $488 resistance and whether Q4 delivery numbers meet or exceed expectations. For now, my plan revolves around taking advantage of volatility with options or locking in profits at $500.

What’s your target price for Tesla? Will you hold or take profits if it reaches $500?

⚠️ Disclaimer

This is my personal trading plan and opinion, not financial advice. Always conduct your own research or consult a financial advisor before making investment decisions. 📊@TigerStars 

@CaptainTiger @TigerTradingNotes