You mentioned Tesla’s #1 focus right now is reorganizing its supply chain. What exactly does that mean, and how big of a risk is their China exposure? – Nicholas

Great question, Nicholas!

Tesla’s supply chain exposure to China is a massive risk and solving it is no small task. China dominates critical battery materials like lithium, nickel, cobalt, and rare earth refining. Reorganizing the supply chain means Tesla is racing to secure alternative sources, build refining capacity outside China, and lock in long-term deals with miners.

That’s extremely difficult and capital intensive, but necessary based on my dinner conversation Thursday night.

The opportunity, however? If Tesla can fully integrate its supply chain (from raw materials to finished batteries) it wouldn’t just de-risk its own operations. It could also become a supplier to other automakers who can’t replicate that level of vertical integration. That could open an entirely new business line for Tesla alongside robotaxis and humanoid robots.

[Note: At this valuation, however, I’m still not buying the stock.]

Where do you look to find a lock-up expiration date on a freshly IPO'd stock? – Scott

Thanks for the email, Scott! Historically, if I had a specific stock in mind I’d do a simple Google search. However, since you asked, I did some digging and found this handy website: https://www.marketbeat.com/ipos/lockup-expirations/.

Plenty of lesser-known companies are listed. However, you can see the CoreWeave (CRWV) lock-up expiration is September 24th and the Newsmax (NMAX) lock-up expiration is September 29th (Poor Carl).

I just signed up for your Million Mission newsletter. You may have talked about this in some previous communication, but the first question that came to my mind is: What is the time frame within which you expect to turn $100,000 into $1,000,000? – Charles

Welcome, Charles! I’ll be placing large bets (think 25% or more of my capital) on high-probability trades when they arise. I won’t be trading in and out of stocks for 5, 10, 20% gains at a time. I’ll never get to $1 million that way.

Instead, I’ll be making a few (think 2-3) trades over the next few months.

These trades will be completely dependent on market conditions. We’ve had a big runup in stock prices recently which isn’t ideal for my strategy, but I’ll continue to stay patient.

Since you’re new here, I’ll reiterate that I missed a golden opportunity in April to place an options trade to participate in the post-tariff rebound. Unfortunately the option I was looking at 12x’d over the next few weeks. All I can do is own that mistake and move on to the next. You can read more about that here.

Do I need to be approved by my broker for a certain tier of options to place the trades you will be making? If so, how do I qualify? I have no experience trading options. – Sam

Hi, Sam. Yes! You’ll need to be approved for options trading through your broker before you can place the kinds of trades I’ll be making.

While some brokers have one single “yes or no” approval process, some brokers assign “options approval levels” (sometimes called tiers) based on your experience, financial situation, and investment objectives. While the exact setup varies by firm, here’s the typical breakdown:

• Level 1 – Covered calls and protective puts (the most basic strategies).

• Level 2 – Buying calls and puts, and some simple spreads.

• Level 3+ – More advanced spreads, naked options, and higher-risk strategies.

If you’re brand new and have no options experience, most brokers will only approve you for Level 1 by default. To trade long calls/puts or basic spreads (which I use here most often), you’ll usually need Level 2 approval.

Important Update: Follow The Million Mission on Twitter/X

If you're serious about following The Million Mission closely – this is where it gets real.

I just launched a Twitter/X account: @DavisPWilson.

This is where I’ll be sharing quick-hit insights, breaking news reactions, and behind-the-scenes moves I don’t always include in the full articles.

If you want to stay ahead of the curve and see how I’m navigating the journey to $1 million in real time – this is the feed to watch.

Another Important Update: The Million Mission website is live!

I’ve gotten plenty of feedback regarding where to find previous alerts. Well, The Million Mission website is finally live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in the Million Mission portfolio:

Fannie Mae (FNMA) – 2,500 shares @ ~$7.25/share.