TradingKey – Roadster launch event sparks buying momentum, sending Tesla stock surging over 3%, but a direct breakthrough above the $400 mark remains unlikely.

On October 16 US Eastern Time, driven by market sentiment surrounding the Next-Gen Roadster flagship launch event, Tesla (TSLA) shares staged a strong rebound, successfully shaking off the shadow of tech stock sell-offs triggered by hotter-than-expected US September CPI and PPI inflation data, as bulls gradually regained short-term control. In overnight trading, Tesla’s stock rose 3.4% to temporarily trade at $374.89.

As a flagship product developed in collaboration with SpaceX, Roadster 2.0 has significantly boosted retail and institutional investors’ confidence in Tesla’s…