Brody Briefing: Sailing the Baltic and Tesla's Meteoric Rise

I've been quiet because I've been sailing the Baltic Sea with Silver Seas, and I'm just now pulling into Helsinki, Finland.

This is the furthest north I've ever been—take a look at the video. It’s pretty incredible here.

I wanted to touch base quickly as Tesla has been on a tear ever since my timely article came out on June 28th, when Tesla was trading at $183.

Tesla's rivals in China announced better-than-expected deliveries, sparking initial excitement in late June.

Then, on July 3rd, Tesla reported its own impressive delivery numbers, and the stock took off like a rocket, soaring to $270, or a 47% increase since my article two weeks ago.

Next up are several near-term catalysts, such as the historic moment on August 8 when Tesla is expected to unveil a driverless robotaxi. This event can quickly become another significant catalyst for the stock. We shall see.

Many analyst estimates are still north of $300, and the majority has switched from Hold to Buy, so I believe there is still room for growth in the short term.

What made me write that article on June 28th was what I like to call a "pending technical breakout" on the chart.

We had seen an ascending triangle with equal highs and higher lows, which typically signals an imminent breakout.

This time, the timing was perfect, but it isn't always like that. Just remember, while you would be up 47% in two weeks from following this trade idea, this is not financial advice. Always do your own due diligence and make sure you’re comfortable taking risks.

My belief is that this will continue to climb in the near and long term, and I’d be holding if I bought lower, and I’d be accumulating more on pull backs.

Happy hunting!