Part 3/10:
Tesla's current trading range is pivotal to the strategist’s outlook. They highlight that Tesla recently reached the upper range of its price between approximately $300 to $360, with recent peaks around $360. The current price, around $316, presents a critical entry point—deemed undervalued relative to the stock’s potential following upcoming catalysts, particularly related to robo taxi scaling.
The analyst criticizes certain market moves, citing that some investors—like Randy Kirk, who recently sold Tesla shares due to political concerns—made tactical errors by selling into perceived weakness. Instead, the strategy should favor selling into strength, recognizing Tesla’s inherent resilience and growth prospects.