Tesla got short-squeezed to within 28 cents of the 86.72 target I’d proffered early Monday morning, but a second-wind rally to 88.00 suggests it’s got eyes for 104.44, the ‘D’ target associated with the first number. It can serve as a minimum upside objective for now, implying that all trades between here and there be positioned from the long side.  We’ll plan on buying weekly puts if and when the target is reached, provided it happens before Wednesday of the given week.  Please note as well that a lesser Hidden Pivot at 94.19 (see inset) has the potential to stop the rally cold and can therefore be used for spec camouflage shorts. _______ UPDATE (May 28): Two weeks later, the 104.44 target remains viable.  If you’re looking for a reason, it has been estimated that each automobile sold by Tesla has gotten a boost from subsidies of about $45,000.  Much of it comes from the tens of millions of dollars Tesla has received for selling zero-pollution credits to other car manufacturers.  This source of income, which alone accounts for the quarterly ‘profit’ Tesla just reported, will dry up after 2013, when other car manufacturers start delivering their own versions of the non-polluting car. _______ UPDATE (11:18 a.m. EDT):  The criminal lunatics who have pushed this rally opened the stock on a $7 short-squeeze gap to 104.63, just 19 cents from our longstanding target.  If you were able to get short there on my say-so (the stock has already had a $3 pullback), please let me know in the chat room so that I can establish a tracking position for your further guidance.  You should have taken a partial profit in any case, and now be using a stop-loss that will give you a small gain on the trade no matter what the stock does.