I avoided the bullet!

Guess what I wanted to do? I wanted to short Tesla (TSLA) or buy Puts on it through earnings (worst strategy ever by the way). I am so glad that I didn’t!

Tesla stock gained 16% and people who shorted the stock got a big surprise, and not a good one.

I watched Tesla for a while, and to be honest I am not a fan of their stock, it’s very volatile for me and unpredictable, just like this past earnings report. Tesla loses money and the stock is going up, stock goes up then down, then up again. If you catch the wave, you can make money on it, but I don’t like swings like that.

TSLA is at $348.17 right now, and I think Monday will be a selloff day, which will bring the stock down. Unless of course Elon Musk comes up with a new strategy, or product that will pour more of investors’ money into the company.

Now is probably a good time to use bearish, short term strategies on Tesla. I personally think Tesla is on a downtrend, it’s been neutral for years with big up and down swings.

Elon is doing anything he can to come up with new ways on inviting more investors and getting money for his projects. How long it will last for? Who knows.

I am not going to trade TSLA for a while, but if anyone feels they have the hunch on when it will go up or down, then go for it! There is lots of money to be made there.

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Photo by Pixabay on Pexels.com

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