Tesla bullish momentum points to $435 test this week

Current Price: $402.77

Direction: LONG

Confidence Level: 66% (Several traders lean bullish with clear near-term upside targets, but mixed caution at resistance)

Targets:
- T1 = $418
- T2 = $435

Stop Levels:
- S1 = $397
- S2 = $382


**Wisdom of Professional Traders:**
I've been pulling together what multiple professional traders are saying about Tesla, and the collective picture leans bullish in the short term. Several traders noted higher highs, higher lows in recent sessions and upside potential toward $435, even as they warn of possible resistance around $440. That said, the consensus is that as long as price stays above key supports like $397 and the more distant $382 zone, the bulls have control in this current weekly window.

**Key Insights:**
Here's what's driving this view: The price action is showing a clean pattern of higher highs and higher lows, with a possible push into the 430s before facing any major resistance. Traders are watching the 418–420 zone as a near-term waypoint; holding above it keeps the rally intact. The bullish sentiment is supported by patterns like weekly inside bar breaks to the upside and even a potential monthly cup-and-handle if deeper supports hold.

What's interesting is that even the cautious voices—those pointing out the rising wedge formation—still expect a run into the 435 area before any meaningful rejection. This gives the long side some breathing room this week, especially with key support levels unbroken. The fact that several traders identified the same upside levels increases the conviction in these targets.

**Recent Performance:**
Tesla gained nearly 10% recently, rebounding strongly from the lows and moving toward the important 418–420 support-resistance pivot. The stock is up significantly year-to-date—over 80% from certain analyses—with the latest breakout above prior consolidation bringing more buyers in. This rally is happening in line with broader market strength, as the NASDAQ, SPY, and even small caps have put in solid gains.

**Expert Analysis:**
Multiple traders see the near-term chart setup as constructive. A few pointed to a bullish breakout above $412.50 that sets the stage for higher moves, while others emphasized the importance of holding above the 50-day moving average. The $397 level repeatedly comes up as a line in the sand; lose that, and downside targets in the 370s might come back into play, but for now that level is intact. Upside calls cluster around $435, with extensions to $440 if momentum remains.

**News Impact:**
There's no major fresh headline driving Tesla right now, but the background tone includes optimism about potential chip partnerships and continued EV growth. Market-wide, traders are eyeing Fed policy signals from Jerome Powell's recent comments, which could influence momentum stocks like Tesla. With no adverse company-specific news, Tesla rides the tailwinds of a generally bullish tech market.

**Trading Recommendation:**
Given the collective trader analysis, I'd go LONG here with a first target at $418, locking in partial profits there, and a second target at $435. Stops go just below $397 to protect against sharp reversals, with a secondary stop near $382 if volatility spikes. The price pattern and widespread trader agreement on these levels make this a reasonable bullish setup for the week, but watch that 435–440 band closely for possible rejection.