TSLA to $800 in 2025?

Is it possible for Tesla to go to $800 this year? Well, my friends, that is a very optimistic target but it's possible. Lets get into the probabilities of what will likely happen in 2025:

1. Trend Based Fibonacci Extension - I use this tool extensively and am looking at a measured move using the Jan 2023 bottom / Jul/Aug 2023 top and Apr/May 2024 bottom to find a measured extension target at $529. Also looking at a shorter move in mid 2024 that has a measured move at $350 (realized), 420ish (realized) and next at $525.

I expect the $525 level to get hit in Q1 and we will re-evaluate from there. I would expect a pullback to about $400 after the $525 level is hit.

No real reason to be bearish at this time. The uptrend is still intact and no signs of breakdown yet, even with the drop into 2025 last week.

Trade safely friends!