iRW
02-06
$Direxion Daily TSLA Bull 2X Shares(TSLL)$  is in free fall. I would say a probable bottom is 19-20 range. This is a quite volatile stock as it is linked to $Tesla Motors(TSLA)$  


Tesla has a great potential with robo taxi and optimus robot. Also, great dangers such as Elon's political haters and enemies, Elon's DOGE role being a distraction, and a possible fallout of the relationship with DJT. The current bearish market is not helping either. This makes this a high risk - high reward stock. 

I have a few hundreds of TSLL and it seems a long position at the moment. I have a hedge in place with a LEAP short CALL to cover 25% down turn. But this may slip below the break-even. Hopefully, this will bounce back in a few months or in a year in a worse case scenario. 

Modified in.02-06
Tesla officially recruits engineers and other positions to prepare for mass production of robots
Tesla is officially recruiting engineers, process supervisors, product managers and other positions to prepare for the mass production of Optimus (Tesla robot) at the Fremont factory in California. On January 30, Tesla updated its Optimus robot mass production guidelines at the performance meeting. It aims to produce 10,000 robots in 2025. The production capacity will be expanded to 1,000 units per month in the first step, and the monthly production capacity will reach 10,000 units by 2026. The annual monthly production capacity will reach 100,000 units in 2027.
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Comments

  • Kiwi_G
    02-07
    Kiwi_G
    i have TSLL ๐Ÿ˜ญ was going to cut losses at sub $360 as dont have leap short call (never done one before) and time decay issue. now looks like will go sub $360 after recent news. might have to cut loss for me ๐Ÿ˜ž .
    • Kiwi_GReplyiRW:ย 
      best of luck. ๐Ÿ€ current market conditions pretty dire for tesla. leason learnt holding the leaveraged etf esp - current sentiment around elon plus sales numbers changed so quick. bah! should have seen it coming. have a nice weekend โ˜บ๏ธ
    • iRWReplyKiwi_G:ย 
      Honestly, I donโ€™t know. Cutting losses is totally a personal decision. TSLA is high risk high reward stock. But I remember not so long ago it was like 180, then went to 470, now back to 360. So, either way is possible, but 420-450 is not impossible .
    • Kiwi_GReplyiRW:ย 
      Oh no. I sold 60% this morning ๐Ÿ˜” itโ€™s just hit post market $360 so was hoping for a bounce here. Without a Leap call, could my 40% TSLL recover (eventually) or locked in losses? ๐Ÿค”
    • iRW:ย 
      True. TSLL is heading to 20 so rapidly. When I did my OG post, it was trading mid 22s. I think 19 and even 18 is not out of reach. I had a LEAP Sell CALL to cover this buy now it is below that as well. 5k unrealised loss so far, but I got 4k from the LEAP. TSLA should bounce back in a few weeks.
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