I Called The Tesla Bottom At $100 – Here’s Where I’m Buying Back In


  • Tesla’s stock has skyrocketed since the irrational panic capitulation, like selling, brought shares down to approximately a $100 low.
  • However, I anticipated a significant drop in Tesla and had trade triggers ready around the $100-$110 level.
  • Tesla’s rally has been epic, but we’re likely around a short-term high now.
  • Tesla could have a significant correction in the coming months, and I’m getting ready to get back in at a specific price point.

Tesla Service Center. Tesla designs and manufactures the Model S electric sedan IV


Tesla’s (NASDAQ:TSLA) rebound has been epic! Over the last few months, the company’s stock skyrocketed by more than 100%. In my “Approaching the Buy-in Level” article, I outlined that Tesla would probably drop into the $100-$110 price range


TSLA (StockCharts.com)

Revenue estimates

Revenue estimates (SeekingAlpha.com )

EPS estimates

EPS estimates (SeekingAlpha.com )

Year 2023 2024 2025 2026 2027 2028 2029 2030
Revenue Bs $119 $160 $215 $300 $400 $510 $640 $780
Revenue growth 47% 34% 34% 40% 33% 27% 25% 22%
EPS $6.50 $9.23 $13 $18 $23 $30 $35 $40
EPS growth 60% 42% 40% 38% 32% 28% 19% 18%
Forward P/E 22 23 25 27 25 24 23 22
Stock price $200 $299 $450 $621 $750 $840 $920 $1,000

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in TSLA over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I am long a diversified portfolio with hedges.

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