On April 24, we said:
There are two key catalysts that could force Tesla’s (SYM: TSLA) stock higher.
One, Elon Musk just said his time at DOGE will drop significantly – and that he would focus more on Tesla again.
Two, analysts at Wedbush just raised its price target on TSLA to $350 with an ou
tperform rating, citing Musk’s recommitment to Tesla. Three, it’s technically oversold. After dropping from about $475 to a recent low of $225, TSLA is now consolidating at $237.97. From here, we’d like to see TSLA initially retest $350 a share.
At the time, TSLA traded at around $255.
Today, the electric vehicle stock is up to $318 and could easily retest $350 shortly. Longer term, we’d like to see it retest $400, which we believe is doable.
Cheaper Alternatives to Tesla Stock
If Tesla’s current price tag is a bit too high for you, there are two other ways to trade its momentum. One way is to buy the Direxion Daily TSLA Bull 2x Shares (SYM: TSLL), which trades at around $12.83 at the moment.
With an expense ratio of 0.95%, TSLL seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying TSLA performance itself.
It also pays a quarterly dividend. In fact, on April 1, it paid out a dividend of $0.08448.
There’s also the YieldMax TSLA Option Income Strategy ETF (SYM: TSLY).
With an expense ratio of just under 1%, the YieldMax TSLA Option Income Strategy ETF (TSLY) yields about 3.87% with a distribution rate of 104.35%. It also last traded at $9.35. Plus, its dividends are also paid out monthly.
In addition, while TSLY doesn’t directly invest in Microsoft, it does generate monthly income by selling/writing call options on TSLA.
While Tesla continues to capture headlines, a much larger, quieter wealth transfer is taking shape behind the scenes—one that could make the EV rally look modest by comparison. In fact, some of the world’s most powerful asset managers are positioning themselves for this shift right now… and it all centers on a single, overlooked company at the heart of a $10 trillion sector.
Trillion-Dollar Wealth Transfer in Motion
One small company is quietly attracting the attention of some of the world’s biggest money managers.
BlackRock — the world’s #1 asset manager — owns 21 million shares.
Morgan Stanley owns 40 million shares.
Vanguard owns 37 million shares.
It’s already secured the largest royalty portfolio in this $10 trillion sector’s history.
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It’s ushering in one of the greatest investment tipping points of the 21st century.
With one little-known company at the heart of this revolution, even a modest stake could reward you with astronomical gains.
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