Lawrence McMillan Issues Buy Recommendation for Tesla Stock

Lawrence G. McMillan, president of McMillan Analysis, issued a buy recommendation for Tesla Inc. stock on August 14, 2026. The recommendation follows a confirmed buy signal from the options market's put-call ratio. Tesla stock closed Thursday at $339.96, marking a 14% recovery since its one-year low on July 29, despite a 24.4% decline overall in 2026.

McMillan suggests a call bull spread strategy, specifically buying a September 18 $335 call and selling a September 18 $385 call.

Beyond Tesla, McMillan identified expected post-earnings volatility for the week of August 18 for several companies, including Alibaba Group Holding, Deere & Company, Home Depot, Target, and Walmart. He also issued a bullish recommendation for the iShares Silver Trust ETF after it broke above the $56 resistance level. For the broader market, he anticipates an upside breakout for the S&P 500, which has been consolidating between 7,700 and 7,800.