In this space we have discussed about 
TSLA multiple times. In one of our very recent blogs on 21 April 2025, we flipped bullish for the first time and presented a case to accumulate TSLA between 214 $ – 250 $. Congrats to everyone who did it. On Friday’s close the stock is above 250 $ and its currently sitting above its 20-Day and 50-Day SMA. This can be taken as a first bullish sign and maybe the start of a primary reversal trend towards up. After some turbulent time and more than a 50% dip the stock is holding up very well.
As Elon will be back on the helm of theTSLA we can expect some more macro tailwind for the stock itself. In the daily chart below, we see that the RSI chart has flipped bullish and on the Fib retracement levels we are well above the 0.382 Fib retracement levels which is at 272 $. The next stop as per the chart is 310 $ @ 0.5 Fib level. My assessment is that once the momentum is flipped bullish the stock can end above 400 $ once this is all said and done.
Verdict: Go Long $TSLA. 400 $ see you there $TSLA.
TSLA multiple times. In one of our very recent blogs on 21 April 2025, we flipped bullish for the first time and presented a case to accumulate TSLA between 214 $ – 250 $. Congrats to everyone who did it. On Friday’s close the stock is above 250 $ and its currently sitting above its 20-Day and 50-Day SMA. This can be taken as a first bullish sign and maybe the start of a primary reversal trend towards up. After some turbulent time and more than a 50% dip the stock is holding up very well. As Elon will be back on the helm of the
TSLA we can expect some more macro tailwind for the stock itself. In the daily chart below, we see that the RSI chart has flipped bullish and on the Fib retracement levels we are well above the 0.382 Fib retracement levels which is at 272 $. The next stop as per the chart is 310 $ @ 0.5 Fib level. My assessment is that once the momentum is flipped bullish the stock can end above 400 $ once this is all said and done.Verdict: Go Long $TSLA. 400 $ see you there $TSLA.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.