Thoughts on Tesla after the news of the pre orders?

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There’s no play based on these preorders...unless you’re going to buy 2022+ options...buy rumors, sell news. That being said...it’s a meme stock so it’ll probably go to the moon by 10am tomorrow 😆

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I was considering day trading it.

I don't think their market cap is going to increase much in the short-term, that stock is seriously overblown.

Ford sold over 1MM F-150s last year, Tesla sold ~160,000 Model 3s. Throw in battery issues in cold weather and expansion issues out of the US west coast, I really don't think they're due for any break out unless the meme speculation kicks in, at which point I'd double down on puts.

Forgot to mention, I'm also wondering if those huge spikes will happen again, as WS in general is skittish around unicorn growth companies at the present time.

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