Tesla moving sideway consolidating at 400s
Tesla shares have been moving sideways for five years and yesterday closed above the resistance level for the first time and thats important.
This does not mean anything yet, unless the weekly close remains above the resistance, which requires the quarterly results to be evaluated positively.
Normally, Tesla's share price always falls after the quarterly results – until it doesn't.
Furthermore, the annual general meeting and, in particular, the vote on the 2025 CEO comp plan will decide whether the bulls or the bears prevail. I have no doubt that the plan will be approved, and that could provide the impetus to lift the share price to $488 and if that breaks to $580.
Mid and long term there should be no doubt that the stock will go up significantly and thats why I recommend to buy and hold for the long term. $tsla
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- sunshineboy·2025-10-21Great insights, I love your analysis! [Heart]LikeReport
