$TSLA - Market Analysis for Aug 7th, 2018

This is hypothetical since the decision is not final yet, but if Musk does go private at $420/share, consider where that is in the larger EW count. We've had a price target in the mid 500 region for a significant long-term top for quite some time. Obviously disappointing that we won't be able to see that reached, but in my opinion, that is still "close enough" that remaining an investor does not seem that attractive... So, my advice if TSLA goes private: take the deal and check back in 3-5 years later .

TSLA - Primary Analysis - Aug-07 1312 PM (1 week)
TSLA - Primary Analysis - Aug-07 1312 PM (1 week)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.