Tesla Stock Price Levels to Watch After Post-Election Surge, Musk’s DOGE Appointment
Key Takeaways
- Tesla shares have surged since Donald Trump’s election last week, amid investor hopes that CEO Elon Musk’s close ties with the president-elect will benefit the company.
- Trump has tapped Musk to co-lead a newly created Department of Government Efficiency, an agency tasked with reducing government expenditure and slashing excess regulations.
- The stock broke out above the top trendline of a cup and handle pattern last week on the highest trading volume since early July, indicating the potential for follow-through buying.
- Investors should watch key support levels on Tesla’s chart around $300 and $265, while monitoring a crucial overhead area near $400.
Tesla (TSLA) shares have surged since Donald Trump’s election last week, amid…
