Peter DiCarlo(@pdicarlotrader):I exited my $TSLA position, but I want to be clear: I’m still extremely bullish on Tesla over the long term. My framework expects a potential rejection around $380 to $400, so I’m following my system as a trader. Honestly, I hope I’m completely wrong. That doesn’t mean I’m bearish on the company or its future. I’d rather see everyone holding long term profit from a generational breakout, even if it means I miss the move.

2026.09.03 16:29

I exited my $TSLA position, but I want to be clear: I’m still extremely bullish on Tesla over the long term. My framework expects a potential rejection around $380 to $400, so I’m following my system as a trader. Honestly, I hope I’m completely wrong. That doesn’t mean I’m bearish on the company or its future. I’d rather see everyone holding long term profit from a generational breakout, even if it means I miss the move.

Peter DiCarlo@pdicarlotrader

2026.09.03 15:42

Just closed my $TSLA position for a +22% gain in about a month. I’m still extremely bullish on this name, but I closed for two reasons: 1. The internal structure remains bearish. We’re still printing lower highs on the daily and weekly timeframes. Within my framework, I expect a potential rejection between $380 and $420. That could lead to another selloff into the institutional buy zone, where I’d look to go long again. 2. Profit velocity was strong. We reached a solid profit in a short period of time. I’m comfortable leaving some upside on the table. I have plenty of other trades to focus on. If $TSLA pulls a 2020-style move and I miss a triple-digit gain, that’s fine. I’m sticking to my rules. To be clear, I’m not bearish on $TSLA over the longer term. Fundamentally, I believe Tesla’s time is coming. But I need to follow my process. Over the next 12 to 24 months, I could easily see $TSLA back at $520 to $600.