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TSLA’s Climb Off the Lows and Apple’s Bombshell EV Market Bow Out

 
   
     
TSLA’s Climb Off the Lows and Apple’s Bombshell EV Market Bow Out
 
 
Hey traders!

Don’t look now, but Tesla has been slowly climbing its way back after a pretty horrible start to the year in comparison to its “Magnificent 7” brethren. 

Here’s a quick look at year-to-date performance through 2 p.m. ET on Tuesday:
 
1. NVDA — up 61%.
2. META — up 38%.
3. TSLA — down 20%.
4. AMZN — up 14%.
5. GOOG/GOOGL — flat. 
6. MSFT — up 9%. 
7. AAPL — down 3%.

So things haven’t been great but Tesla is about $20 off the lows from three weeks ago and steadily climbing. 

The good news is we trade both the ups and downs of Tesla’s movement in our Perfect Tesla Trader strategy — about a quarter of our trades so far have been to the downside)!

In Tesla-related news that should be good for the company, Apple dropped a bombshell on Tuesday. Per Bloomberg…
 
 
So, just like that, what could have been a major competitor in a few years is now… gone, just like that, after a decade of work and who knows how much money wasted. 

So an electric vehicle market that’s been losing steam is suddenly looking a little less crowded, and that’s good news for the king of EV-makers…

While shares of Tesla have been climbing, up about $25 since the Feb. 5 lows, our Perfect Tesla Trader strategy has been on an even bigger heater!

In fact, after exiting another winner for a 27% gain* on Monday, we’ve hit on six straight trades dating back to our Dec. 18 trade exit. 
 
 
Since we launched the strategy on July 20, 2023, we’re 15-5 for a 75% win percentage. The average return — including both winners and losers — is 20.07% in an average three-day hold time, netting us an overall profit factor of 2.7!

If you’re ready to start trading Tesla along with us, all you have to do is go here!

Until next time!

The team at Lance Ippolito Trading

Past performance is not indicative of any future results. Trade at your own risk. From 7/20/23 - 2/16/24 on live trades the win rate is 73.7%, the average return is 19.70% on the options over a 3 day average hold time.
Disclaimer:

The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. 

Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. 

Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. 

Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit thetradingpub.com/terms-of-service/ for our full Terms and Conditions.
 
     
     
   
 
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