Tesla (TSLA) has traded above our $20 price target today. As I recommended in last Wednesday’s update, you should sell any time it’s above our target. If you set a limit order with your broker, the trade should have automatically executed.    

In fact, TSLA also popped over $20 for one brief, shining moment last Thursday, but it was so quick that you may not have been able to get out.

If you still own the stock, set your limit order to sell at $20 or better, or you can watch the stock closely and pull the trigger yourself when it’s over our price. I expect more opportunities to lock in your gains.

As we’ve talked about, Tesla is in the right sector (electric cars), but its products are high end (we’re talking $100,000) and the company is up against too much deep-pocketed competition from one of our other GameChangers stocks, Ford (F), as well as other big automakers.

The company’s recent IPO generated some excitement, and we were able to swoop in on a dip and catch some of that momentum. Given the short-term volatility and long-term concerns, let’s be smart and bank those profits of 25% or so in eight weeks.

If you’re looking to put that money right back to work, F is still trading below our $12 buy limit if you want exposure to the auto/electric car market. I will also have two new recommendations in the next GameChangers issue, which will be ready for you on Wednesday.