To The Moon

Tesla’s stock has been generating buzz again, and with Elon Musk making headlines at a forum in Riyadh, investors and speculators alike are watching closely. At the event, Musk thanked Saudi Arabia for approving Starlink and expressed hopes to introduce Tesla's autonomous Robotaxi service in Saudi Arabia in the future. That kind of geopolitical and technological optimism tends to give Tesla stock a boost, especially when Musk is front and center.

But is all this enough to push Tesla (TSLA) higher?

Tesla Motors (TSLA)

Positive Catalysts: Hype, Headlines, and Hope

Tesla has always traded on more than just earnings. It trades on narratives, and Musk knows how to drive them. A potential Robotaxi launch in Saudi Arabia could spark bullish sentiment, not because it's imminent, but because it reinforces Tesla's long-term growth story—an autonomous, AI-driven transportation future.

Other factors that may support a near-term rally:

• Macroeconomic tailwinds: If inflation cools and rate cuts become more likely, high-growth tech stocks like Tesla may catch a tailwind.

• Positive earnings or macro sentiment.

The Bearish View: Gravity Still Works

Despite the buzz, I remain bearish on Tesla—because I believe its stock price remains disconnected from fundamentals. Valuation multiples are still lofty by traditional metrics, and the EV market is becoming far more competitive, especially with aggressive pricing from Chinese automakers like BYD and Nio, and legacy carmakers stepping up their EV game.

Even with AI promises and Robotaxi dreams, it’s unclear how fast Tesla can execute on these plans. Regulation, technological readiness, and global logistics are huge hurdles

Watching from the Sidelines: The TSLQ Angle

I currently don’t own any Tesla shares, but I’m watching them closely—not because I want to go long, but because I’m looking for a strategic entry into a bearish position via the Tradr 2x Short TSLA Daily ETF (TSLQ).

Tradr 2X Short TSLA Daily ETF (TSLQ)

This ETF moves inversely to Tesla's stock, and it’s leveraged, which means it amplifies daily price movements in the opposite direction. If Tesla goes up, TSLQ will go down. Conversely, if Tesla drops sharply, TSLQ could deliver amplified gains.

Here’s where it gets interesting:

• TSLQ closed at $17.16 last week, near its 52-week low of $16.98. The 52-week high is $246.66. That’s a staggering drop, largely reflecting the recent strength in Tesla’s stock price.

• If Tesla rallies further into June—perhaps due to continued hype around Saudi partnerships, AI integration, or a broader tech rally—I’ll be watching for an even lower entry point in TSLQ.

In other words, while bulls are hoping for a breakout, I’m hoping for an overbought condition—a temporary surge in Tesla that gives me a more attractive price to enter my inverse bet.

Risk and Strategy: Timing is Everything

TSLQ isn’t for the faint of heart. The volatility alone can wipe out positions quickly, particularly when using leveraged ETFs. These products are designed for short-term trades, not long-term holds, due to the compounding effects of daily resets.

That said, they can be powerful tools when timed correctly. My strategy is to wait for what I believe will be a correction or retracement once the optimism fades or the market digests reality. If TSLA does rally in the next few weeks, I may seriously consider initiating a position in TSLQ.

Final Thoughts: A Waiting Game with Conviction

Right now, I'm on the sidelines—not because I’m unsure of my outlook, but because I'm waiting for price to come to me. Tesla remains one of the most fascinating stocks in the market, not only because of its disruptive potential, but because it reflects the battle between hype and fundamentals.

Whether you're a bull riding the next wave of innovation, or a bear like me betting on gravity and valuation reality, one thing’s for sure: Tesla never stays boring for long.