What’s Next For Tesla’s Stock Price After Monday’s 5% Surge?
Key Takeaways
- Tesla shares jumped nearly 5% on Monday to move back into the green for the year after several analysts highlighted possible catalysts, including the potential for better-than-expected third-quarter vehicle deliveries and the EV maker’s upcoming robotaxi event.
- The stock has trended higher after finding support from a prior multi-month downtrend line and the neckline of an inverse head and shoulders pattern, though volumes remain below longer-term averages.
- Investors should watch key support levels on Tesla’s chart around $225 and $205, while eyeing pivotal resistance levels near $265 and $300.
Tesla (TSLA) shares jumped nearly 5% Monday to move into the green for the year after several analysts highlighted potential…
