Tesla Stock Poised for Even More Record Highs

Core Insights - Tesla Inc (NASDAQ:TSLA) stock reached a record high of $493.83, influenced by events surrounding competitor Waymo, which experienced vehicle stalls during a power outage in San Francisco [1] - Historically, Tesla stock has shown strong performance in December, finishing higher in seven of the past ten years, suggesting potential for further record highs [1] - Current low implied volatility (IV) is seen as a bullish indicator for TSLA, aligning with past trends [1] Performance Indicators - Data indicates that Tesla stock has traded within 2% of its 52-week high while the Schaeffer's Volatility Index (SVI) was in the 20th percentile or lower, which is currently the case with an SVI of 46%, placing it in the 6th percentile of its annual range [2] - In previous instances where similar conditions occurred, Tesla stock saw an average return of 17% one month later, suggesting a potential price target of $577.78 based on historical performance [3]