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Teslaanalysis

Big Bounce or Breakdown? Tesla at the edgeTesla is at crossroads right now, where the next move will define its near-term trajectory. After an extended correction phase, TSLA is reaching a key zone around the $300 level, one that held price well during recent pullbacks. Although recent tax news caused a decline in the price, belief in Tesla’s longer-term trajectory remains strong among many investors. At the same time, many investors are carefully monitoring the support near $215 to $230, another important zone. This level has acted as a reliable level during past pullbacks, as it suggests the stock has a solid base, despite short-term ups and downs. For these investors, maintaining their positions through consolidation is a test of patience and belief in Tesla’s longer-term trajectory. If Tesla breaks below the $230 support zone, some investors may view this as an opportunity to take advantage once again. Given the current setup, it’s best to be cautious and wait for confirmation before looking to get involved.
NASDAQ:TSLALong
by TrendDiva
11
Tesla - This bullish break and retest!Tesla - NASDAQ:TSLA - confirmed the bullish reversal: (click chart above to see the in depth analysis👆🏻) Tesla recently created a very bullish break and retest. Therefore together with the monthly bullish price action, the recent rally was totally expected. But despite the short term volatility, Tesla remains bullish, is heading higher and will soon create new highs. Levels to watch: $400 Keep your long term vision! Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
17
Adam & Eve on the Chart:Will They Bless Us with a $1,500 MiracleI don’t have much to say — it’s pretty straightforward. We’ve got two potential structures on the chart: ✅ First, the symmetrical triangle that already broke out, aiming for a target around $958 to $1,000. ✅ Then we’ve got the “Adam & Eve” structure (gotta flex sometimes 😎), see it as a cup & handle pattern, aiming for a crazy $1,500 target. This one hasn’t broken out yet — but if the first triangle breakout plays out fully, it basically sets the stage for this one to break out too. Some quick facts: The bounce zone around ~$245 is a huge multi-timeframe confluence level. Volume profile support is literally chilling right at $245. Multiple moving averages are backing this move, even on lower timeframes than the "1M" Triangle retest? Check. 0.786 fib support? Check. (And to name a few) Overall, the chart looks Fine to me. Negative news might affect the short term, but the trend should stay intact. Unless the macro changes. That's it, that's the idea" - Good night !
NASDAQ:TSLALong
by hhMaxima38
Musk-Trump Feud Sends Tesla (TSLA) Shares DownRenewed Feud Between Musk and Trump Drags Tesla (TSLA) Share Price Lower The US Senate yesterday narrowly approved Trump’s so-called “big, beautiful budget bill.” Elon Musk, who had previously criticised the bill for potentially adding $3.3 trillion to the national debt, warned that Republican lawmakers who supported it would face political consequences. In a post on X, Musk wrote: “Every member of Congress who campaigned on reducing government spending and then immediately voted for the biggest debt increase in history should hang their head in shame! And they will lose their primary next year if it is the last thing I do on this Earth.” He also reiterated his intention to establish a third political force under the name “America Party.” In response, President Trump issued sharp threats: → to apply federal pressure on Musk’s companies by revisiting existing subsidies and government contracts (estimated by The Washington Post at $38 billion); → to deport Musk back to South Africa. The market responded immediately to this renewed escalation in the Trump–Musk conflict. Tesla (TSLA) shares fell by over 5% yesterday, forming a significant bearish gap. Technical Analysis of TSLA Stock Chart Eight days ago, we analysed the TSLA price chart, continuing to observe price action within the context of an ascending channel (indicated in blue). At that point: → In mid-June, when the initial Musk–Trump tensions surfaced, TSLA managed to hold within the channel. However, as of yesterday, the price broke below the lower boundary, casting doubt on the sustainability of the uptrend that had been in place since March–April; → The price breached the lower channel limit near the $315 level — a zone that previously acted as support. This suggests that $315 may now serve as a resistance level. As a result, optimism related to the late-June launch of Tesla’s robotaxi initiative has been eclipsed by concerns that the Musk–Trump confrontation may have broader implications. If the former allies refrain from further escalation, TSLA may consolidate into a broadening contracting triangle (its upper boundary marked in red) in the near term, ahead of Tesla’s Q2 earnings release scheduled for 29 July. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
1
Tesla: Back on Track?Tesla has resumed downward momentum, aligning with our primary scenario and moving away from resistance at $373.04. As part of the ongoing turquoise wave 5, we expect continued selling pressure: it should break below the $215.01 support. This would complete magenta wave (3) of the current bearish impulse. A reversal back above $373.04 – and especially a breach of $405.54 – would force us to adopt the 38% likely alternative scenario. Under this count, the correction low of blue wave alt.(II) would be already in, and Tesla would now be rallying in wave alt.(III) . 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
NASDAQ:TSLA
by MarketIntel
Launch of Robotaxi Service Boosts Tesla Share Price by Over 8%Launch of Robotaxi Service Boosts Tesla (TSLA) Share Price by Over 8% As previously announced by Elon Musk, Tesla has launched its robotaxi service in Austin, Texas. The cost of a ride is $4.20. The service is not yet fully operational. It is more of an extended testing phase, as access is currently by invitation only, and a Tesla employee may be present in the back seat. Nevertheless, the market responded positively — Tesla (TSLA) shares rose by more than 8% (comparing the closing prices of daily candlesticks). Technical Analysis of TSLA Share Price Chart In our 11 June publication, we: → identified an ascending channel; → highlighted the May support level (marked with an arrow), suggesting it could act as resistance following a bearish breakout. Since then: → the channel has remained relevant; → the aforementioned level acted as resistance but was broken by the bulls yesterday. As a result, the TSLA share price has reached the median of the current ascending channel, where it may find equilibrium and form a consolidation zone once the initial positive reaction to the robotaxi launch subsides. It is also worth noting the stock’s resilience following Elon Musk’s controversy with President Trump — the price has already risen more than 28% from the June low, indicating the potential for a scenario in which resistance at $365 is tested. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
TSLA June 2025 Monthly Support & Resistance Lines Valid till EOMOverview: The purple lines serve as support and resistance levels for TSLA stock throughout the month of June. When the price approaches these lines from either the bottom or the top, I will consider taking long or short positions in TSLA stock, depending on the direction of the price movement. Trading Timeframes I usually use 30min candlesticks to swing trade options by holding 2-3 days max. Some can also use 3hr or 4hrs to do 2 weeks max swing trades for massive up or down movements. I post these 1st week of every month and they are valid till the end of the month. Extra: I added Blue Lines which are weekly line for June 16th to 20th.
NASDAQ:TSLA
by OnePunchMan91
Tesla (TSLA) Shares Rebound After Sharp DropTesla (TSLA) Shares Rebound After Sharp Drop When analysing the Tesla (TSLA) stock price chart six days ago, on the morning of 5 June, we: → highlighted Elon Musk’s critical comments regarding the spending bill promoted by the US President; → noted that a potential rift between Musk and Trump could have long-term implications, including for TSLA shares; → outlined an ascending channel (marked in blue); → suggested that the price might correct from the upper to the lower boundary of the channel. This scenario played out rather aggressively: later that same day, during the main trading session, Tesla’s share price dropped sharply to the lower boundary of the channel amid a scandal involving Musk and Trump. However, the lower boundary of the channel predictably acted as support. Yesterday, TSLA shares were among the top five performers in the S&P 500 index (US SPX 500 mini on FXOpen), gaining around 5.6%. As a result, TSLA stock price climbed back above the psychologically important $300 mark, recovering from the previous week’s sell-off. Why Are Tesla (TSLA) Shares Rising? Bullish drivers include: → The upcoming launch of Tesla’s robotaxi service, provisionally scheduled for 22 June. Elon Musk has stated he intends to use the service himself. → Easing of tensions with the US President. Donald Trump declared that he has no intention of "getting rid of Tesla or Starlink" should he return to the White House. → Continued support from Cathie Wood, the prominent asset manager, who once again reaffirmed her confidence in Tesla’s future success. Technical Analysis of TSLA Chart Today, TSLA’s share price is hovering near the median line of the previously identified ascending channel – a zone where supply and demand typically seek equilibrium. Also worth noting is the $320 level: in May, it acted as support, which suggests it may now function as resistance. Given these factors, it is reasonable to expect that the sharp recovery from the 5 June low may begin to lose momentum, with the price likely to stabilise and form a consolidation range following the recent spike in volatility. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
Tesla Update Longs and shorts At the start of the video I recap my previous video and then bring us up to date with the present price action . In this video I cover Tesla from the higher time frame and breakdown both a long term bullish scenario as well as a local bearish scenario . Both of these scenarios present longs and short entries for day trade opportunities and swing positions . Tools used Fibs , TR pocket , Volume profile , Pivots , and vwap . Any questions ask in the comments Safe trading and Good luck
NASDAQ:TSLA
by SJTRADESFUTURES
1
Tesla's Perfect Storm: A $152 Billion MeltdownTesla's Perfect Storm: A $152 Billion Meltdown, Chinese Rivals on the Attack, and a Faltering Shanghai Fortress A tempest has engulfed Tesla, the electric vehicle behemoth, wiping a staggering $152 billion from its market capitalization in a single day. This monumental loss, the largest in the company's history, was triggered by a dramatic and public feud between CEO Elon Musk and former U.S. President Donald Trump. The confrontation, however, is but the most visible squall in a much larger storm. Lurking just beneath the surface are the relentless waves of competition from Chinese automakers, who are rapidly eroding Tesla's dominance, and the ominous sign of eight consecutive months of declining shipments from its once-impenetrable Shanghai Gigafactory. The confluence of these events has plunged Tesla into a precarious position, raising fundamental questions about its future trajectory and its ability to navigate the turbulent waters of a rapidly evolving automotive landscape. The narrative of Tesla as an unstoppable force is being rewritten in real-time, replaced by a more complex and challenging reality. The Trump-Musk Spat: A Bromance Turned Billion-Dollar Blow-Up The relationship between Elon Musk and Donald Trump, once a seemingly symbiotic alliance of power and influence, has spectacularly imploded, leaving a trail of financial and political wreckage in its wake. The public falling out, which played out in a series of scathing social media posts and public statements, sent shockwaves through Wall Street and Washington, culminating in a historic sell-off of Tesla stock. The genesis of the feud lies in Musk's vocal criticism of a sweeping tax and spending bill, a cornerstone of the Trump administration's second-term agenda. Musk, who had previously been a vocal supporter and even an advisor to the President, lambasted the legislation as a "disgusting abomination" filled with "pork." This public rebuke from a figure of Musk's stature was a direct challenge to Trump's authority and legislative priorities. The President's response was swift and sharp. In an Oval Office meeting, Trump expressed his "disappointment" in Musk, questioning the future of their "great relationship." The war of words then escalated dramatically on their respective social media platforms. Trump, on his social media platform, threatened to terminate Tesla's lucrative government subsidies and contracts, a move that would have significant financial implications for Musk's business empire. He also claimed to have asked Musk to leave his advisory role, a statement Musk labeled as an "obvious lie." Musk, in turn, did not hold back. On X (formerly Twitter), he claimed that without his substantial financial support in the 2024 election, Trump would have lost the presidency. This assertion of his political influence was a direct jab at the President's ego and a stark reminder of the financial power Musk wields. The spat took an even more personal and inflammatory turn when Musk alluded to Trump's name appearing in the unreleased records of the Jeffrey Epstein investigation. The market's reaction to this public spectacle was brutal. Tesla's stock plummeted by over 14% in a single day, erasing more than $152 billion in market capitalization and pushing the company's valuation below the coveted $1 trillion mark. The sell-off was a clear indication of investor anxiety over the political instability and the potential for tangible financial repercussions from the feud. The incident underscored how intertwined Musk's personal and political activities have become with Tesla's financial performance, a vulnerability that has been a recurring theme for the company. The Chinese Dragon Breathes Fire: Tesla's EV Dominance Under Siege While the political drama in Washington captured headlines, a more fundamental and perhaps more enduring threat to Tesla's long-term prosperity is brewing in the East. The Chinese electric vehicle market, once a key engine of Tesla's growth, has become a fiercely competitive battleground where a host of domestic rivals are not just challenging Tesla, but in some aspects, surpassing it. Companies like BYD, Nio, XPeng, and now even the tech giant Xiaomi, are relentlessly innovating and offering a diverse range of electric vehicles that are often more affordable and technologically advanced than Tesla's offerings. This intense competition has led to a significant erosion of Tesla's market share in China. From a dominant position just a few years ago, Tesla's share of the battery electric vehicle market has fallen significantly. One of the key advantages for Chinese automakers is their control over the entire EV supply chain, particularly in battery production. This allows them to produce vehicles at a lower cost, a crucial factor in a price-sensitive market. The result is a growing disparity in pricing, with many Chinese EVs offering comparable or even superior features at a fraction of the cost of a Tesla. Furthermore, Chinese consumers are increasingly viewing electric vehicles as "rolling smartphones," prioritizing advanced digital features, connectivity, and a sophisticated user experience. In this regard, many domestic brands are seen as more innovative and in tune with local preferences than Tesla. This shift in consumer sentiment has been a significant factor in the declining interest in the Tesla brand in China. The numbers paint a stark picture of Tesla's predicament. While the overall new-energy vehicle market in China continues to grow at a remarkable pace, Tesla's sales have been on a downward trend. This is a worrying sign for a company that has invested heavily in its Chinese operations and has historically relied on the country for a substantial portion of its global sales. The pressure on Tesla's sales in China is so intense that its sales staff are working grueling 13-hour shifts, seven days a week, in a desperate attempt to meet demanding sales targets. The high-pressure environment has reportedly led to high turnover rates among sales staff, a clear indication of the immense strain the company is under in this critical market. The Shanghai Gigafactory: A Fortress with a Faltering Gate The struggles in the Chinese market are reflected in the declining output from Tesla's Shanghai Gigafactory. For eight consecutive months, shipments from the factory, which serves both the domestic Chinese market and is a key export hub, have seen a year-on-year decline. In May 2025, the factory delivered 61,662 vehicles, a 15% drop compared to the same period the previous year. This sustained decline in shipments is a significant red flag for several reasons. Firstly, the Shanghai factory is Tesla's largest and most efficient production facility, accounting for a substantial portion of its global output. A slowdown in production at this key facility has a direct impact on the company's overall delivery numbers and financial performance. Secondly, the declining shipments are a direct consequence of the weakening demand for Tesla's vehicles in China. Despite being a production powerhouse, the factory's output is ultimately dictated by the number of cars it can sell. The falling shipment numbers are a clear indication that the company is struggling to maintain its sales momentum in the face of fierce competition. The situation in China is a microcosm of the broader challenges facing Tesla. The company's product lineup, which has not seen a major new addition in the affordable segment for some time, is starting to look dated compared to the rapid product cycles of its Chinese competitors. The refreshed Model 3 and Model Y, while still popular, are no longer the novelties they once were, and are facing a growing number of compelling alternatives. A Confluence of Crises: What Lies Ahead for Tesla? The convergence of a high-profile political feud, intensifying competition, and production headwinds has created a perfect storm for Tesla. The company that once seemed invincible is now facing a multi-front battle for its future. The spat with Trump, while seemingly a short-term crisis, has exposed the risks associated with a CEO whose public persona is so closely tied to the company's brand. The incident has also highlighted the potential for political winds to shift, and for government policies that have benefited Tesla in the past to be reversed. The challenge from Chinese automakers is a more fundamental and long-term threat. The rise of these nimble and innovative competitors is not a fleeting trend, but a structural shift in the global automotive industry. Tesla can no longer rely on its brand cachet and technological lead to maintain its dominance. It must now compete on price, features, and innovation in a market that is becoming increasingly crowded and sophisticated. The declining shipments from the Shanghai factory are a tangible manifestation of these challenges. The factory, once a symbol of Tesla's global manufacturing prowess, is now a barometer of its struggles in its most important market. To navigate this storm, Tesla will need to demonstrate a level of agility and adaptability that it has not been required to show in the past. This will likely involve a renewed focus on product development, particularly in the affordable EV segment, to better compete with the value propositions offered by its Chinese rivals. It will also require a more nuanced and strategic approach to the Chinese market, one that acknowledges the unique preferences and demands of Chinese consumers. The coming months will be a critical test for Tesla and its leadership. The company's ability to weather this storm and emerge stronger will depend on its capacity to innovate, to compete, and to navigate the complex and often unpredictable currents of the global automotive market. The era of unchallenged dominance is over. The battle for the future of electric mobility has truly begun.
NASDAQ:TSLAShort
by bryandowningqln
TESLA GOES READY FOR ITS NEW LEG DOWN. HERE'S WHAT WE KNOW ABOUTTesla stock declined after Elon Musk’s departure from the Trump administration due to a combination of reputational, operational, and market factors: Political Backlash and Brand Damage. Musk’s close association with the Trump administration and his leadership of the Department of Government Efficiency (DOGE) generated widespread protests and alienated many of Tesla’s traditional, progressive customer base. This political controversy led to a decline in consumer interest and unsettled investors who were concerned about the brand’s long-term appeal. Sales and Profit Declines. Tesla faced falling sales and profits, with deliveries dropping in key markets like China and Europe, partly due to intensifying competition and partly due to the backlash against Musk’s political activities. The company reported a 13% year-over-year decline in deliveries, and operating profits fell as well. Investor Concerns Over Leadership Focus. Investors grew worried that Musk’s political involvement was distracting him from Tesla’s core business at a critical time. There was a perception that the company was losing its competitive edge and that Musk’s attention was divided, which amplified concerns about Tesla’s future growth. Market Correction After “Trump Bump”. Tesla’s stock had surged after Trump’s election, buoyed by expectations of favorable policies. However, as Musk’s political involvement became a liability and operational challenges mounted, the post-election gains evaporated, and the stock corrected sharply downward. In summary, Musk’s controversial political role, combined with operational headwinds and shifting investor sentiment, triggered a significant decline in Tesla’s stock after his exit from the Trump administration. -- Best wishes @PandorraResearch Team
NASDAQ:TSLA
by PandorraResearch
2
Tesla (TSLA) Share Price Falls by 3.5%Tesla (TSLA) Share Price Falls by 3.5% Yesterday, the share price of Tesla (TSLA) dropped by 3.5%, placing it among the five worst-performing stocks of the day in the S&P 500 index (US SPX 500 mini on FXOpen). Since the peak on 29 May, the decline now totals nearly 10%. Why Tesla (TSLA) Shares Are Falling Among the bearish factors are: → A drop in car sales in Europe. Sales in Germany fell by 36% year-on-year in May. → Growing competition from China. May deliveries from Tesla’s Chinese factory were down 15% year-on-year. → Elon Musk’s criticism of the US President’s proposed government spending bill. Media reports also suggest that Musk took offence at staffing decisions at NASA, while Trump is reportedly losing patience with Musk over his attacks on the spending bill. A potential rift between Musk and Trump could have far-reaching consequences — including for TSLA shares. Technical Analysis of TSLA Stock Chart Six days ago, we: → Drew an ascending channel (shown in blue), noting that the upper boundary could pose a challenge to further gains; → Highlighted the $355–$375 zone (shown in purple) as a possible resistance area; → Suggested a correction scenario following a roughly 27% surge in TSLA’s stock price during May. Since then, the price has dropped towards the median line of the ascending channel. If this fails to offer sufficient support, the correction may continue towards the lower boundary of the channel, which is reinforced by support around the psychological $300 level and former resistance at $290. News related to the planned rollout of Tesla’s robotaxi trials could significantly impact TSLA’s price movements in June. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
1
Tesla: Completed!TSLA has moved somewhat closer to the resistance at $373.04 since our last update, but these gains have now been tempered. We now consider the turquoise wave 4 as finished and anticipate imminent sell-offs during wave 5. These should eventually complete the magenta wave (3) of a larger downward impulse below the support at $215.01. However, due to recent upward momentum, we have increased the relevance of our alternative scenario. We now consider it 38% likely that the stock has already completed the large correction of the blue wave alt.(II) with the last significant low and will continue to rise directly during wave alt.(III). In this case, the price would next not only rise above the nearby resistance at $373.04 but also overcome the higher levels at $405.54 and $488.50. 📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
NASDAQ:TSLAShort
by MarketIntel
Is This the Perfect Moment to Execute the Tesla Heist?💰 Tesla Stock Market Heist Blueprint 🚀 🌟 Hi! Hola! Ola! Bonjour! Hallo! Marhaba! 🌟 Dear Money Makers & Robbers, 🤑💰💸✈️ Here’s our grand plan: a 🔥Thief Trading Style heist🔥 targeting the TESLA stock! Let’s break in with this cunning strategy — chart-ready and primed for action! 🎯 Entry: The vault’s open! Grab the bullish loot at any price — the heist is live! Tip: For precision, use a buy limit order on 15m/30m swing highs or lows — that’s your perfect pullback entry! 🛑 Stop Loss: Thief SL is stashed at the nearest swing low (or just below the MA on the daily chart ~300.00 for swing trades). Tailor SL to your trade risk, lot size, and your thieving gang’s order plan. 🏴‍☠️ Target: 460.00 — or vanish before hitting the target to avoid the traps of the overbought zone! 💎 The Setup: We’re seeing bullishness fueled by key factors: macro moves, fundamentals, sentiment, intermarket trends… it’s all in play! 📈🔗🌏 Check the macro, COT report, sentiment outlook, and future trend targets to stay ahead of the game! ⚠️ Trading Alert: News releases can flip the game fast. Avoid fresh trades during major news. Use trailing stops to lock in those juicy profits and protect your loot. ❤️‍🔥 Support the Heist Crew! 💥Hit the Boost Button💥 — fuel our robbery plans and let’s keep cashing in every day! The Thief Trading Style: slick, powerful, and ready for the next heist. See you soon with another plan, fellow robbers! 🤑🐱‍👤🤩
NASDAQ:TSLALong
by Thief_Trader
6
Musk Steps Away from Politics: What Does It Mean for Tesla?Musk Steps Away from Politics: What Does It Mean for Tesla (TSLA) Stock? Yesterday, it was announced that Elon Musk will be stepping down from the Trump administration as his term as head of DOGE—where he focused on reducing government spending—has come to an end. This decision follows his statement at the economic forum in Qatar, where Musk said he plans to focus less on politics, as he feels he has already done enough in that realm. What Does This Mean for Tesla (TSLA) Stock? Musk’s move away from politics is likely a positive signal for investors. Here's why: → The company’s CEO can now devote more time to addressing issues such as declining vehicle sales in Europe; → Musk’s role at DOGE will no longer pose reputational risks for Tesla.. During yesterday’s main trading session, TSLA stock surged to $367—its highest level since mid-February. Technical Analysis of TSLA Stock Chart The price continues to hover near the upper boundary of an ascending channel (marked in blue), which could pose a challenge for further upward movement. Additionally, the price has entered the $355–$375 range—a zone that previously triggered significant reversals (as indicated by arrows). Notably, there was a sharp decline from this zone between February 21–26. From a bearish standpoint, this area could act as resistance, and the candle’s close near its low yesterday supports this view. From a bullish perspective, the fundamental outlook may still provide upward momentum: → A joint press conference with Trump and Musk is scheduled for today; → In early June, Tesla is expected to begin testing its autonomous taxis. So, while a continued uptrend is possible, a short-term correction would seem reasonable after TSLA’s nearly 27% surge throughout May. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
2
Tesla (TSLA) Shares Rebound on Musk’s CommentsTesla (TSLA) Shares Rebound on Musk’s Comments According to media reports, speaking via video link at the Qatar Economic Forum, Elon Musk stated that he plans to: → remain Tesla’s CEO for another five years; → reduce his focus on politics, saying he feels he has already done enough; → increase his stake in the company from 12.5% to 25%. These comments, which came alongside news that Tesla will begin testing robotaxis in Texas in June, sparked renewed interest in Tesla (TSLA) shares. TSLA stock outperformed other MAG7 members, climbing above the $353 mark at yesterday’s peak — its highest level since late February 2025. Just ten days ago, when the price was still below the psychological $300 level, we highlighted TSLA’s strength following its rebound from the $220 support area and suggested a bullish outlook. But is the picture still as optimistic today? Technical Analysis of TSLA Chart The chart shows that TSLA is trading within an ascending channel (highlighted in blue), with the price currently near the upper boundary — an area that often acts as resistance. Price action supports this: note the two large candlesticks with closes near their lows (indicated by arrows), suggesting strong bearish pressure. This gives reason to believe that sellers may take advantage of the roughly 22% rise in the TSLA stock price to lock in profits — a potentially bearish signal. Traders should therefore consider a correction scenario in which the local support at point Q could be tested for resilience. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:TSLA
by FXOpen
$TSLA Weekly Chart Analysis🚀 NASDAQ:TSLA Weekly Chart Analysis 🔹 Strong Momentum: Launching off the volume shelf and cruising with the market’s bullish energy. 🔹 Room to Run: Approaching the red barrier, but not there yet—still has upside before a pullback. 🔹 Healthy RSI: Sitting at 56.60, meaning plenty of room for further gains. 🔹 Catalyst Ahead: Robotaxi event incoming! (Sell the news? You bought the rumor. 🤔) 🔹 Key Resistance: Watch levels at $350–$400. Stay sharp—let’s see if TSLA keeps charging forward! ⚡📈
NASDAQ:TSLALong
by RonnieV29