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Quantum's TSLA Trading Guide 4/13/25Sentiment: Neutral. EV and AI optimism persists, but tariff risks and high valuation concern traders. Chatter split—bulls eye robotaxi, bears see pullback. Outlook: Neutral, slightly bearish. Options pin $250, with $240 puts active. ICT/SMT eyes $245-$250 buys to $260 if $245 holds. Bearish below $245 risks $240. Influential News: Federal Reserve: Two 2025 cuts support growth stocks, positive for $TSLA. Earnings: Q1 due late April; no update today. Chatter: Debates tariff impact vs. AI/EV growth. Mergers and Acquisitions: None; focus on internal projects. Other: Tariff volatility hit NASDAQ:TSLA ; stock swung (April 3-9). Indicators: Weekly: RSI: ~50 (neutral). Stochastic: ~45 (neutral). MFI: ~40 (neutral). SMAs: 10-day ~$255 (below, bearish), 20-day ~$260 (below, bearish). Interpretation: Neutral, bearish SMAs signal weakness. Daily: RSI: ~48 (neutral). Stochastic: ~50 (neutral). MFI: ~45 (neutral). SMAs: 10-day ~$255 (below, bearish), 20-day ~$260 (below, bearish). Interpretation: Neutral, bearish SMAs suggest pullback. Hourly: RSI: ~45 (neutral). Stochastic: ~55 (neutral). MFI: ~50 (neutral). SMAs: 10-day ~$255 (below, bearish), 20-day ~$260 (below, bearish). Interpretation: Neutral, stabilizing. Price Context: $252.31, 1M: +1%, 1Y: +38%. Range $240-$270, testing $250 support. Options Positioning (May 2025): Volume: Calls: $260 (15,000, 60% ask), $270 (12,000, 55% ask). Mild bullish bets. Puts: $240 (10,000, 70% bid), $245 (8,000, 65% bid). Put selling supports $245. Open Interest: Calls: $260 (40,000, +7,000), $270 (30,000, +5,000). Bullish interest. Puts: $240 (25,000, flat), $245 (28,000, +4,000). Hedging. Put-call ~1.0. IV Skew: Calls: $260 (40%), $270 (42%, up 3%). $270 IV rise shows upside hope. Puts: $240 (35%, down 2%), $245 (36%). Falling $240 IV supports floor. Probability: 60% $240-$270, 20% <$240. Karsan’s Interpretation: Vanna: Neutral (~300k shares/1% IV). IV drop could pressure $250. Charm: Neutral (~150k shares/day). Pins $250. GEX: +50,000. Stabilizes range. DEX: +7M shares, neutral. Karsan view: GEX holds $240-$270; tariff news key. ICT/SMT Analysis: Weekly: Neutral, $240 support, $270 resistance. No $TSLA/ NYSE:NIO divergence. Daily: Bullish at $250 FVG, targets $260. Bearish < $245. 1-Hour: Bullish >$250, $260 target. MSS at $245. 10-Minute: OTE ($249-$251, $250) for buys, NY AM. Trade Idea: Bullish: 50%. ICT/SMT buys $245-$250 to $260. Options show $260 calls. Fed cuts aid. Neutral: 35%. RSI (~50), SMAs (bearish), $240-$270 range. Bearish: 15%. Below $240 possible with tariffs. $240 put volume grows.
NASDAQ:TSLA
by QuantumEdgeAnalytics
Tesla (TSLA) Shares Jump Approximately 22% in a Single DayTesla (TSLA) Shares Jump Approximately 22% in a Single Day Tesla was among the standout performers in the stock market rally that followed President Trump’s decision to delay, by 90 days, the implementation of new international trade tariffs — with the notable exception of China. According to the charts, Tesla (TSLA) shares surged by approximately 22%. Why Did TSLA Shares Soar? Some insight comes from Cathie Wood, CEO of asset management firm ARK Invest. In an interview with Barron’s on Wednesday, she noted the following: → Tesla plans to launch a new, more affordable vehicle this quarter, likely priced at around $30,000 — roughly half the cost of the base Model Y. → The upcoming release of Tesla’s robotaxi service could also lower the need for large upfront vehicle purchases, offering consumers a more economical alternative. → Tesla sources more components from North America than most other US carmakers, meaning it is less exposed to tariff-related costs. And there’s another reason TSLA may have jumped — one that can be found in the chart. Technical Analysis of TSLA Take note: the March and April lows (marked with arrows) are both around the $220 level. Meanwhile, the S&P 500 (US SPX 500 mini on FXOpen) posted a significantly lower low in April compared to March. This suggests that, in early April, TSLA was outperforming the broader market. Why? One possible explanation is that there has been — and perhaps still is — a strong accumulation interest in TSLA. Buyers may have been quietly scooping up available shares amid recession fears. When yesterday’s news suddenly shifted market sentiment, the “spring” uncoiled, catapulting TSLA’s share price upward. However, the overall downtrend remains intact. If bullish momentum continues, the price may encounter resistance around the psychologically significant $300 level — which coincides with the upper boundary of the downward channel. 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
TSLA 45M chart - BULL flag Coiling for Breakout!www.tradingview.com 🚀 TSLA 45m – Bull Flag Coiling for Breakout NASDAQ:TSLA TSLA ripped from $214 → $276 📈 and is now forming a bull flag just under resistance at $276.87. 🔹 Strong volume on the pole, cooling off during flag 🧊 🔹 RSI ~74 — strong, but not overheated 💪 🔹 MACD crossover 🔄 + momentum building 📊 🔹 Above all key EMAs (20/50/100/200) 🟢 🔹 OBV trending up — smart money is loading 💼📦 ⚠️ Breakout above $277 = launch toward $293–$300, with extended target of $310–$330 if trend continues. ❌ Invalidation below $263. 📌 Watching for a breakout + retest entry 🔁 Let it cook. 🔥
NASDAQ:TSLALong
by Scared_MNY_Dnt_Make_NO_MNY
1
TESLA Always Pay YOURSELF! Tsla Stock were you PAID? GOLD Lesson ⭐️I want to go into depth regarding the this topic but it is a long one with PROS & CONS for doing and not doing it. Every trader must choose what's best for them but you will SEE when I finally get to the write up that MANY OF THE PROS are NOT FINANCIAL but PSYCHOLOGICAL❗️ Another of 🟢SeekingPips🟢 KEY RULES! ⚠️ Always Pay YOURSELF.⚠️ I know some of you chose to HOLD ONTO EVERYTHING and place your STOP at the base of the WEEKLY CANDLE we entered on or the week priors base. If you did that and it was in your plan GREAT but... if it was NOT that is a TRADING MISTAKE and You need to UPDATE YOUR JOURNAL NOW. You need to note EVERYTHING. What you wanted to see before your exit, explain why not taking anything was justified to you, were there EARLY exit signals that you did not act on. EVERYTHING. 🟢SeekingPips🟢 ALWAYS SAYS THE BEST TRADING BOOK YOU WILL EVER READ WILL BE YOUR COMPLETE & HONEST TRADING JOURNAL ⚠️ 📉When you read it in black amd white you will have YOUR OWN RECORD of your BEST trades and TRADING TRIUMPHS and your WORST TRADES and TRADING ERRORS.📈 ✅️ KEEPING an UPTO DATE JOURNAL is STEP ONE. STUDYING IT IS JUST AS IMPORTANT👍 ⭐️🌟⭐️🌟⭐️A sneak peek of the LESSON after will be HOW & WHEN TO ENTER WHEN THE OPEN BAR IS GOING THE OPPOSITE WAY OF YOUR IDEA.👌 🚥Looking at the TESLA CHART ABOVE you will see that we were interested in being a BUYER when the weekly bar was BEARISH (GREEN ARROW) and we started to consider TAKE PROFITS and EXITS when the (RED ARROW) Weekly bar was still BULLISH.🚥
NASDAQ:TSLAEducation
by seekingpips
Tesla (TSLA) Long-Term Analysis: Retesting Key SupportHello traders! Let’s dive into a long-term analysis of Tesla (TSLA) on the monthly chart to understand where the stock might be headed next. I’ll walk you through my thought process, focusing on a comparison between the recent correction and a similar setup in 2020, while also analyzing the current correction’s alignment with the triangle formation from the 2021–2024 consolidation. My goal is to help you see the context of this setup and make an informed decision if you’re considering a trade. Step 1: Understanding the Big Picture and Historical Context Tesla has been in a strong uptrend since 2013, as evidenced by the ascending channel (highlighted in blue). This channel has guided the stock’s long-term trajectory, with the lower trendline providing support during pullbacks and the upper trendline acting as resistance during peaks. Within this uptrend, Tesla has experienced significant breakouts followed by corrections, and I’ve identified a compelling similarity between the current price action and a setup from 2020, alongside a key technical level from the recent consolidation. Step 2: Comparing the Recent Correction to 2020 In 2020, Tesla consolidated in a range between $12 and $24 (labeled "Consolidation 1" on the chart). It then broke out, rallying to a high of $64.60—a gain of about 169% from the upper end of the consolidation range. Following this breakout, Tesla experienced a sharp pullback, dropping to $23.37, which represents a 63.8% correction from the $64.60 high. After finding support at this level, Tesla resumed its upward trajectory, soaring to $166.71—a 613% increase from the pullback low. Now, let’s look at the current situation: Tesla broke out of "Consolidation 2" (around 2021–2024), rallying from $212.11 to a high of $488.54—a 130% increase. It has since corrected by 51%, dropping to the current price of $239.43. This 51% pullback is slightly less severe than the 63.8% correction in 2020, but the structure is similar: both followed significant breakouts from consolidation zones. Step 3: Current Price Action and the Triangle Retest Tesla is currently trading at $239.43, down 55% from its recent high of $488.54. If the correction deepens to around 60%, it would bring the price to approximately $195.42 (calculated as $488.54 × (1 - 0.60) = $195.42), which aligns perfectly with the upper trendline of the triangle formation from "Consolidation 2" and the "Retest support?" zone around $170–$200. This confluence suggests that the current correction could be setting the stage for a significant bounce, just as the 2020 correction did. If this $170–$200 level fails to hold, I’m watching for a deeper pullback to the "Retest support" zone around $138–$150, which aligns with the lower trendline of the ascending channel and has acted as support during previous pullbacks (e.g., in 2023). Step 4: My Prediction and Trade Idea Here’s where I put myself in your shoes: if I were trading Tesla, I’d be watching for a retest of the $170–$200 support zone as a potential buying opportunity, drawing from both the 2020 playbook and the current technical setup. Why? In 2020, Tesla found support at $23.37 after a 63.8% correction, which set the stage for a 613% rally to $166.71. Similarly, a 60% correction now would bring Tesla to the upper trendline of the Consolidation 2 triangle at $170–$200, a level that could act as a springboard for the next leg up. If Tesla holds this support, I expect a move back toward the $300–$339 range, where it faced resistance before the recent drop. A break above $339 could signal a continuation toward $488.54, retesting the recent high. Profit Targets and Stop Loss Entry: Consider buying around $170–$200 if the price retests this support and shows signs of reversal (e.g., a bullish candlestick pattern or increased volume). Profit Target 1: $300 (a conservative target based on recent resistance). Profit Target 2: $339 (a more aggressive target at the prior resistance zone). Stop Loss: Place a stop below $160 to protect against a breakdown of the $170–$200 support zone. This gives the trade a risk-reward ratio of up to 13:1 for the first target. Risks to Consider If Tesla fails to hold the $170–$200 support, we could see a deeper correction toward $138–$150, and potentially even $64–$90, another historical support level. Additionally, keep an eye on broader market conditions, as Tesla is sensitive to macroeconomic factors like interest rates and consumer sentiment in the EV sector. While the 2020 setup and the triangle retest provide a historical and technical parallel, the current 55% drop suggests heightened volatility, so be prepared for potential whipsaws around these key levels. Conclusion Tesla’s recent 55% correction from $488.54 to $239.43 echoes the 63.8% pullback in 2020 after the breakout from "Consolidation 1." If the correction deepens to 60%, it would retest the upper trendline of the Consolidation 2 triangle at $170–$200, suggesting a potential opportunity for a high-probability trade with clear profit targets and a defined stop loss. This setup could mirror the 2020 recovery, where Tesla rallied 613% after finding support. What do you think of this setup? Let me know in the comments—I’d love to hear your thoughts!
NASDAQ:TSLALong
by tex071173952
TSLA is coming down to my buy zoneTSLA is coming down to my buy zone. I will be accumulating at 229 and below. I will start first by selling cash covered naked puts to collect credits until it drops to that zone. The goal is to get assigned with the naked put options at a cost of 229 and below to purchase TSLA shares. There is a good possibility that the next earnings of TSLA will disappoint and we might get a quick dip. In that case we may even see early 200s. I would be adding more shares there. Note that this is a weekly chart so it will take some time to play out. This is a long term hold for me. Upside Target: - Nearest upside target is 11.9% above the current price, approximately $267.86. Downside Target: - Nearest downside target is -1% below the current price, approximately $237.04. - Next downside target is approximately $195.65-196 - Support and Resistance: Monitor the support at $217.02 and resistance at $291.85 for potential breakouts or breakdowns. - Action: Given the bearish sentiment, consider waiting for a clearer bullish signal or confirmation of support holding before entering long positions. Up Volume to Down Volume Ratio 30-Days is 0.86 and 50-Days is 0.78, both below 0.8, indicating bearish sentiment in the near term so wait for it to come down to the buy zone.
NASDAQ:TSLA
by CryptoBreakers
Tsla Lesson Tesla Stock Always Pay YOURSELFI say this time and time again and this is a PRIME EXAMPLE SO FAR. 🌍Now I suggested THAT IF YOU WERE A TESLA BULL that you might want to start to PAY ATTENTION TO THE STOCK TWO WEEKS AGO. ❓️"OK SO WHAT'S THE LESSON"❓️ I emphasise ALWAYS that TIME TRUMPS PRICE... TESLA has been rather docile since its initial POP. But take a look at the HIGHER TIMEFRAME WEEKLY CHART❗️ Whats clear to see is that although the PRICE RANGE hasn't been MASSIVE there has been plenty OF ⏳️TIME TO CAPITALISE AND PAY YOURSELF. £$€¥ 💰 Two 📈HIGHER CLOSES ON THE WEEKLY and the call made whilst the weekly looked EXTREMELY BEARISH📉 EVEN RIGHT NOW we are currently UP ON THE WEEK UNTIL NOW. ℹ️ If you WERE UNABLE to STRUCTURE A TRADE TO TAKE advantage of this PRICE RANGE whilst DAY TRADING you may need to LOOK BACK and STUDY WHY NOT. ⚠️You could have paid yourself several times over already and even if TESLA was to seek lower prices from here you SHOULD HAVE BACKED SOMETHING ALREADY. ✅️AS ALWAYS TRADE YOUR PLAN & WAIT FOR YOU SIGNAL✅️
NASDAQ:TSLALong
by seekingpips
TESLA Market Outlook: Strong Reversal Expected at $200 SupportNASDAQ:TSLA is currently trading within a well-defined ascending channel , a structure that has guided price action since 2020. This channel reflects the broader bullish trend, with higher highs and higher lows consistently forming over the years. The recent sharp decline from the upper boundary of the channel is best interpreted as a temporary retracement rather than a structural shift. Such pullbacks have presented strong buying opportunities before, particularly when price approaches key support levels within the channel. The key area to watch is the $200 demand zone. This level coincides with the lower boundary of the ascending channel and has before drawn significant buying interest. Given the broader bullish structure, a reversal from this zone could reestablish the uptrend and lead to a retest of higher levels. If a bounce occurs at the $200 demand zone, the immediate target is $263, which aligns with a key resistance level where prior rejection occurred. This area represents a logical point to watch for, but a successful breakout above $263 could lead to further move toward the upper boundary of the channel. Fundamental Outlook: From a fundamental perspective, the recent decline could be due to Tesla facing a unique set of challenges stemming from Elon Musk’s increasing involvement in the U.S. government. His role in the Department of Government Efficiency (DOGE) under the Trump administration has triggered mixed reactions across the financial landscape. The DOGE program, aimed at cutting bureaucratic waste and enhancing operational efficiency, has led to concerns about Musk’s ability to maintain focus on Tesla. Some investors do worry that his attention, divided among a few ventures such as Tesla, SpaceX, and also the federal program, might slow the company’s innovation pipeline in addition to running efficiency. People are quite divided in their opinions. While some view Musk’s governmental involvement as a strategic advantage, believing his influence could drive favorable policy outcomes, others see it as a distraction that threatens Tesla’s future success. Additionally, if the DOGE program prompts budgetary austerity measures, there could be cuts to clean energy incentives, an outcome that would directly impact Tesla’s profits directly. Despite these concerns, the market’s long-term outlook for Tesla remains bullish. Many investors view any significant retracement as a buying opportunity, particularly near major technical support zones like $200. This area is widely recognized as a strong accumulation zone where institutional buyers are likely to step in. Furthermore, the electric vehicle market continues to expand globally, and Tesla’s brand strength and technological lead remain intact, reinforcing the long-term growth narrative. Market View & Predictions While short-term volatility is expected due to ongoing uncertainties surrounding Musk’s government involvement, the broader technical structure suggests that the uptrend is still intact. The recent pullback from the upper channel boundary appears to be a healthy correction rather than a trend reversal. If the price tests the $200 support zone, it could trigger a new wave of buying pressure, potentially driving the stock back toward the $263 resistance and beyond. As long as the price remains within the ascending channel, the bullish case for Tesla remains valid, with the potential for further upside as market confidence stabilizes.
NASDAQ:TSLALong
by TrendDiva
124
SeekingPips sees TSLS Tesla GAIN $60 ! What's Next?It's hard for many traders to do. 🤔 ⭐️ I still see it today with traders and investors alike. Even with some who have been at it for many years... BUT some of the BEST ENTRIES & EXITS for me have been when the OPEN CANDLE IS COMPLETELY AGAINST ME. The LAST WEEKLY TESLA chart that I shared is another prime example of this. 🟢SeekingPips🟢 shared a BULLISH BIAS when the WEEKLY CHART was looking as BEARISH as hell. 🔥 ℹ️ Now it really is not a method that works for everyone. Trading against momentum always looks SCARY BUT the SECRET is MULTI TIMEFRAME ANALYSIS and also being able to... VISUALISE DIFFERENT OBSCURE TIMEFRAMES IN REAL-TIME USING THE CURRENT OPEN CHART. ⚠️I plan on going DEEPER INTO this rabbit hole with some information and examples in the TUTORIAL SECTIONS soon.⚠️ 🚥 In it's simplest terms an example would be beaing able to note where price is on a 20 or 10 min chart just only by having a 5 minute chart in front of you. By being able to do so in REAL-TIME KEY LEVELS POP OUT that you may not have noticed from the 5 minute chart perspective only.💡💡💡 Now 🟢SeekingPips🟢 has to wait for a TRIGGER for a NEW ENTRY & SO SHOULD YOU.👍👌👍
NASDAQ:TSLALong
by seekingpips
Tesla on the Path to New Highs: Correction Before a Major high?hello guys. let's have a comprehensive analysis of Tesla __________________________ Technical Analysis Price Structure & Trend: The monthly chart indicates a long-term uptrend within a broad ascending channel. Tesla has recently faced resistance around $300 and is now in a corrective phase. The expected correction may bring the price down to around $220-$250, where it could find strong support before continuing its bullish move. or it is possible to start an upward movement and form an ATH! RSI & Divergence: The RSI indicator previously showed a fake bearish divergence, meaning the price action remains strong despite earlier weakness signals. Potential Higher Levels If Tesla successfully follows the projected movement, a break above $575 could open the door to $700-$750, based on the channel extension and historical breakout patterns. __________________________ Fundamental Analysis Earnings & Growth: Tesla's revenue growth remains strong despite market headwinds. New factory expansions (Giga Texas, Giga Berlin) and production efficiency improvements contribute to long-term profitability. The Cybertruck ramp-up and expansion in AI-driven automation could drive future stock value. EV Market Outlook: Tesla maintains a dominant position, but increasing competition from Chinese EV manufacturers and legacy automakers remains a challenge. Recent price cuts have impacted margins but helped sustain high sales volume. Macroeconomic Factors: Interest rate decisions by the Federal Reserve could impact growth stocks like Tesla. If rates stabilize or decrease in 2025, Tesla could see renewed investor interest, pushing the stock to new highs. _________________________ Conclusion The mid-term bearish retracement toward $250 aligns with healthy correction levels. If Tesla holds above support and breaks $350, your $575 target is highly probable. A break above $575 could lead to $700+ in the longer term, assuming positive earnings growth and stable macroeconomic conditions.
NASDAQ:TSLALong
by melikatrader94
15
Tesla (TSLA) Shares Among the Biggest Losers AgainTesla (TSLA) Shares Among the Biggest Losers Again As the chart shows, Tesla (TSLA) shares opened yesterday’s trading session with a bearish gap and closed more than 5% lower than the previous day’s close. Meanwhile, the S&P 500 index (US SPX 500 mini on FXOpen) also declined, but by only around 1%. Why Tesla (TSLA) Shares Fell The recent two-day decline may be part of a broader downtrend. As we noted earlier in March, one of the key bearish factors could be Elon Musk’s political involvement in the Trump administration. For investors, this may imply that: → A significant number of potential Tesla customers may be put off by Musk’s political stance, slowing sales. → The CEO may not be paying enough attention to the company at a time of intense competition. Notably, Chinese EV manufacturer BYD Co. (CN:002594) has announced the launch of its Super e-Platform, which can charge a vehicle with a 400-kilometre range in just five minutes. This sentiment is reflected in analysts’ decisions, as they continue to lower their target prices for TSLA shares, further fuelling negative sentiment. TSLA Price Forecast According to MarketWatch, RBC Capital Markets has cut Tesla’s target price from $440 to $320 due to a worsening outlook for the company’s robotaxi programme and autonomous driving software. However, RBC analyst Tom Narayan maintained a “Buy” rating on Tesla (TSLA) shares, stating that concerns over a sharp sales drop in Europe and China are “overblown.” Technical Analysis of Tesla (TSLA) Chart The previously identified downward channel (marked in red) remains relevant. However, price action suggests that selling pressure may be easing: → The decline on 10 March (marked by arrow One) was much more aggressive, but the downward momentum has since slowed (also marked by arrow One). → During yesterday’s session, the price closed only slightly below the opening level, suggesting that bears are hesitating near the yearly low. This could potentially lead to a bullish Double Bottom pattern, increasing the likelihood of an attempt to break above the current resistance around the psychological level of $250. 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 What Next? TSLA Buy Bargain OR Bust?✅️Now you guys know my thoughts on this and although TESLA has been beaten ⚫️black⚫️ and 🔵blue🔵 recently somehow there may be an opportunity on the horizon.🚀 ℹ️ The way I look at it is unless you think TSLA is dead forever and to be cast to the dustbin 🟢SeekingPips🟢 would be looking for a buying opportunity. 👌I don't know who coined the phrase first however it's one that 🟢SeekingPips🟢 loves and uses often it's ⭐️"BUY WHEN THERES BLOOD IN THE STREETS"⭐️ ⚠️Now don't get me wrong it doesn't mean I will be loading up gun ho RIGHT AT THIS MOMENT but it certainly DOES MEAN I'M NOT A SELLER AND STALKING BUYING OPPORTUNITIES✅️ ❓️What's you thoughts on Tesla❓️ Share your thoughts with 🟢SeekingPips🟢
NASDAQ:TSLALong
by seekingpips
TSLA Trade Outlook – Watching Key LevelsTSLA is currently trading around market price levels, with notable entry points at 222, 199, and 165. Given the recent volatility and broader market sentiment, these levels could serve as potential accumulation zones if momentum aligns. On the upside, profit targets are eyed at 235, 275, and 295, contingent on sustained buying pressure and macroeconomic factors supporting growth stocks. However, given the unpredictable nature of the market, adjustments may be necessary. For now, keeping an eye on volume trends and overall market sentiment will be key in confirming potential movements. Flexibility remains essential. Trade cautiously. 🚀⚠️ Disclaimer: This is not financial advice. Always do your own research and trade responsibly! 💡
NASDAQ:TSLALong
by Robert_V12
Tesla is About to Collapse… or Skyrocket—Are You In?Tesla is all over the news with boycotts, drama, and market chaos, but the real action is on the charts. If we break below 222, things could get ugly fast with a drop toward 197, 186, and even 176. But if we hold above 223, momentum could send us flying past 232, 237, and potentially 256 or even 264. Big money is watching, and the next move could be massive. The question is—are you trading this or just watching from the sidelines? Kris/ Mindbloome Exchange Trade Smarter Live Better
NASDAQ:TSLA
by Mindbloome-Trading
1
Tesla (TSLA) Shares Drop Over 15%Tesla (TSLA) Shares Drop Over 15% Among the biggest decliners in the technology stock index (we covered the reasons behind the Nasdaq 100’s drop earlier this morning) are Tesla (TSLA) shares, which have plummeted by more than 15% in a single day—their worst performance in five years. Why Tesla (TSLA) Shares Fell One of the key bearish drivers behind Tesla’s stock decline appears to be Elon Musk’s political involvement in the Trump administration. For investors, this could signal concerns that: → The CEO is not devoting enough attention to the automaker’s operations. → Discontent among those who oppose Musk’s political stance could slow Tesla’s sales. And what about Musk himself? He has: → Acknowledged that business is “tough,” particularly following a cyberattack on his social media platform, X, but stated he intends to focus on politics for at least another year. → Reassured investors that, in the long run, “everything will be fine.” Technical Analysis of Tesla (TSLA) Stock Chart In our previous analysis, we identified a descending channel (marked in red) and suggested that if the psychological support level of $300 per share failed to hold, further declines could follow. With updated chart data, we can see that: → The downward channel remains valid, reinforced by a test of its median line (marked by an arrow). → The $260 level (previous support) and $300 may act as resistance going forward, with the orange descending trendline also potentially serving as resistance. Since the price has now fallen below the lower boundary of the red channel, there is a possibility that bulls may attempt to recover some losses, banking on a long-term rebound. Tesla (TSLA) Stock Price Forecast Analysts remain cautiously optimistic, possibly hoping that Musk’s close ties with Trump will accelerate Tesla’s rollout of its robotaxi service. Another potential positive catalyst is Tesla’s market entry into India. According to TipRanks: → 13 out of 36 analysts recommend buying TSLA shares. → The average 12-month price target for TSLA is $340. 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