Elon Musk plans to launch a Tesla to Mars!

Elon Musk plans to launch a Tesla to Mars — blasting a David Bowie Song — on a SpaceX rocket | Toronto Star

I follow Elon Musk and his space program. I’ve watched most of his rocket liftoffs, and his spectacular failures as well. Elon Musk is certainly a visionary and I respect that. In January 2018 he plans on testing his Falcon Heavy rocket, but he has repeatedly warned that this launch could go badly and even blow up.

Elon Musk plans on launching his own Tsla with this Falcon Heavy launch, so it will prove interesting either way.  Since the 2016 bottom TSLA’s stock price soared in a vertical move as it followed a pattern that works best as a single inverted zigzag. It also fits great into the bigger diagonal wave pattern that TSLA seems to have an abundance of.

In the bigger picture any inverted zigzag can get completely retraced, which means that the $140 price level should get exceeded in the next few years to come. The last high happened in September 2017, ending with a $389 price level. For the last 3 months TSLA stock has been over in the bearish world already and I expect it to continue. This decline is starting like another diagonal and it would be silly to expect anything else.

When TSLA first started every expert analyst on the planet seemed to hate the company, yet the stock price soared. This just goes to show how wrong the expert forecasters can be, and I sure don’t expect this to change. When the media paints us a rosy picture of the future, it coincides well with a major top as there is nobody left to come in.

The Gold/Tsla ratio is at 4.14 today, which is on the very expensive side and until this ratio becomes sane again this TSLA stock will be very expensive.

Elon Musk Introduces the New Big Falcon Rocket – Highlights – Bing video

If  you think the Falcon Heavy is a big rocket, “you ain’t seen nothing yet”, as he is also developing the BFR, Big Falcon Rocket”, in the next few years.