Tesla stock surged to 367.95 on August 31, gaining 20.80 points on heavy volume of over 61 million shares. The breakout, just days before the September 3 Cybercab event, signals strong buyer conviction. However, the technical structure across timeframes tells a layered story of strength mixed with caution.

Key takeaways

• Tesla stock closed at 367.95 on August 31, a daily gain of 20.80 points on volume exceeding 61 million shares.
• The stock reclaimed both the 20-day EMA at 347.30 and the 50-day EMA at 357.57, shifting the medium-term outlook to constructive.
• Daily RSI at 58.69 leaves room for further upside, though hourly RSI at 72.47 signals overbought conditions on…