Large call option purchases for Tesla ($TSLA) indicate significant bullish sentiment, with notable activity for $TSLA $500 and $550 strike calls expiring on 11/21/2025. This suggests some traders anticipate $TSLA could reach or exceed these price levels by late 2025, potentially surpassing its all-time high of $488. The substantial premiums paid, including a $4.6M sweep for the 11/21/2025 $550 strike, highlight conviction in this upward movement.