I wouldn't touch TSLA with a ten foot pole. I don't care if it goes to $1000. They've never made a dime in their core business of selling cars. Not one. Most people don't even understand how they make money in the first place.
They make money trading regulatory carbon credits with other auto manufacturers. The funny thing about the auto business is that it's incredibly capital intensive, and competitive advantages gained are usually short lived. Just wait until automakers start closing the gap and begin putting competitive pressures on Tesla or even worse, get into a position where they no longer need to buy their way out of a climate tax with those credits. Or if congress ends the slush fund and eliminates them. Those paper gains will quickly evaporate.
Doesn't mean it can't be traded, but there isn't enough upside to justify the risk of investing in it. The key to making money is to not lose it, and owning TSLA is playing with fire.
As a trading strategy when I can't decide whether to hold or sell, I sell half. If it goes up, you still participate in the upside. If it goes down, you've locked in profits on half your investment. Good luck.
