Tesla's stock has recently surpassed the $400 mark, igniting discussions about its future prospects and valuation. Despite the absence of specific news driving today's movement, the stock's performance has captured the attention of investors and online forums. On platforms like Reddit, users are actively speculating on Tesla's future stock price, with some expressing bullish sentiments. Notably, a significant options play was highlighted, with one user mentioning a $4 million investment in $840 calls, anticipating Tesla to trade between $900 and $1500 in the next six months. This optimism is tempered by skepticism from others who question such high valuations, while discussions about Tesla's Full Self-Driving technology continue to fuel long-term growth expectations.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) experienced a decline, dropping 1.94% to $2.53 as of 7:20 AM on Friday, December 13.