We have reached levels close to all time highs but let's see how, we have a strong amount of swing trading capital that stepped in at 180 and took the stock to 280 looking for 300. The same swing capital stepped in April with the same goal. When it was declining around 250 there were two events that took the stock higher heading to 280, the delivery report and the ludicrous mode, but it was good to maintain the morale high enough to hold investors towards , but not enough to break the ATH level. So basically this capital was a fake head that maintained the main mountain intact.
However, we see that if there is no new capital entering Tesla , then this swing capital may start to decline again to the 220 to 180 level again. Today with the ER the additional capital who took the stock to 280 can take it again to 280, no matter what the actual numbers are. The interesting thing is if Tesla is capable of attracting new capital to go above 280 in a solid step. Otherwise, this will be another fake head that will start the decline in the following days.