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Tackle Today: Stock of the week: Tesla

November 7, 2019

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Tackle Today: Stock of the week: Tesla | Tackle Trading (photo: Elon Musk by Jamie-James Medina)
Elon Musk by Jamie-James Medina

« All he wants is to change the world. »

“You should try to take the set of actions that are likely to prolong civilization, minimize the probability of a dark age and reduce the length of a dark age if there is one.”

Isaac Asimov, The Foundation Trilogy (1974) —

Born in 1971 and raised in the suburbs of Pretoria, South Africa.
Parents divorced in 1980.
Severely bullied at school during childhood.
A self-taught computer programmer at the age of 10.
Avid reader. One of his early idols is Isaac Asimov, from which he took the lesson quoted at the beginning of this daily article.
Moved to the United States at the age of 18.
In 1992, he went to the University of Pennsylvania to study business and physics.
Now, at the age of 48, he is the founder, CEO, and chief engineer/designer of SpaceX; co-founder, CEO, and product architect of Tesla, Inc.; co-founder of Neuralink; founder of The Boring Company; co-founder and initial co-chairman of OpenAI. He is also a co-founder of PayPal.

We are talking about Elon Musk. A man whose passion for his own projects is undeniable. A divisive figure, raising both bullish and bearish passionate statements, never neutral; either you love or you hate him; either you buy or you short Tesla. What else would you expect from a person whose sole purpose is to change the world?

You voted you got it: Tesla, Inc. (NASDAQ: TSLA) is the Stock of the Week on Tackle’s Instagram. Go to our profile and check the analysis done by Coach Tyler Craig.


Chart of the Day

SpaceX completed missions (2006 – 2019)

Infographic: Space X Takes Off More Frequently | Statista

“SpaceX designs, manufactures and launches advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of enabling people to live on other planets.”

Sources: statista.com and spacex.com

Video of the day

Stock of the week: TESLA

This week’s stock is one of our Options Report picks. Tesla showed a 34% increase in over three days after the company displayed a surprising profitable last quarter.


Today’s line up

Rookie Corner

The Momentum Tools II

Hey Bloggers! How about those markets? Reaching new highs and just chugging along. WOW! These markets are definitely tying into this blog topic in a big way. Last week we talked about the RSI indicator and how it functions. We discussed both its ability to show overbought and oversold conditions as well as its ability to signal a condition called divergence. Divergence is essentially the picture of slowing momentum. When we see indicators and equities or indexes going in opposite directions then we call it divergence and this “CAN” signal that a change is on the horizon.

Traders Lounge 11 PM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.


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