Tesla (TSLA) is up over 57% since May 1, and just hit a new high in 2025. Many traders are bullish on the stock, but Mike Shorr thinks otherwise, and believes it could have a totally different move in store.
Mike recently appeared on the Schwab Network, where he broke down his “contrarian” trade idea for TSLA. Mike explains why he’s wary about the stock’s bullish run, why he expects to see a pullback in it, and the bearish trade idea he would consider.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Mike’s TSLA breakdown covers:
- His skepticism of TSLA’s bull run (despite having an overall positive outlook)
- Why the stock’s upcoming earnings make him hesitant to buy it at new highs
- How he believes TSLA’s Implied Volatility (IV) could move in a pullback
- The two-week range he would use to set up his bearish trade idea in TSLA
- The gap Mike thinks this trade could cover from Elon Musk’s $1 billion purchase of TSLA shares
- Why he would target an anticipated return up to 63% with his bearish trade idea
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