Another Serving Of TSLA, Please.

Looks like Elon's bet on being on the "nice list" of the current presidential administration is already paying off.

It appears that months or years ago Elon saw government regulation, bureaucracy, and favoritism as the key to TSLA's future growth since this business is fundamentally a growth business. By delving into highly regulated (driving) and yet-to-be regulated (AI & robotics), government support is crucial, and he's won the good favor of the current president who [largely] holds the keys to TSLA's future.

Robotaxi regulations have already been loosened up in TSLA's favor, and they plan to role it out next month. This is probably the first of many layers of red tape that will be cleared for Tesla's future growth.

The brand might have taken a big hit by Elon's cost-cutting role as a special government employee, but it's likely a "short term pain, long term gain" strategy.

The stock's technical's confirm this:

Since I first wrote about this on March 14, the stock actually did bounce after not declining for a 7th week as it looked like was probable at the time.

And now, the consolidating tightly {between $270 - $295} up against the top of the $220 - $295 horizontal range it's been in for two months.

The $300 level is up next and if it can break through this swiftly, the next resistance levels are $325 & $365.

I think it also helps that there's multiple analyst price targets around $400.

TSLA now makes up 20% of my portfolio, with 80% being in cash.

I'm keeping my stop-sell order at $199 with my cost basis at $262 per share. This would be a -24% loss on the position and a -6% loss for my portfolio if this stop-sell order were to be hit. Super concentrated but I'm just not very compelled by many other opportunities {or just haven't found them} yet.