Tesla Rebound Builds Momentum With 440 Zone in Focus

$Tesla Motors(TSLA)$

Tesla, Inc.(TSLA) Rallies +3.32%: Rebound Gains Momentum, Eyes $440-$450 Zone

Latest Close Data

Closed at $430.41 (ET 2026-02-01), up +3.32% ($13.85). Trading 13.7% below its 52-week high of $498.83.

Core Market Drivers

Positive market sentiment likely driven by a technical bounce from oversold conditions and net capital inflows. Short interest remains elevated (recent short volume ratio ~9.5%), indicating persistent skepticism that could fuel further short-covering rallies.

Technical Analysis

Volume was strong at 82.7M shares (Volume Ratio: 1.47), confirming the bullish move. RSI(6) at 46.6 has rebounded from oversold territory (<30), showing renewed buying pressure.

However, MACD remains in negative territory (DIF: -5.85, DEA: -4.43), signaling the broader downtrend is not yet fully reversed. The bounce is constructive but needs confirmation.

Key Price Levels

Primary Support: $422.70 (Today's Low). A break below could target $415.
Strong Resistance: $439.88 (Today's High) / $440 psychological level.
Immediate Pivot: $430.41 (Today's Close). Sustaining above this is key for continuation.

Valuation Perspective

Forward P/E of 209.3 remains significantly above its historical average of 119.3 and the industry norm, indicating a premium valuation that relies heavily on future growth expectations.

Analyst Targets

41 analysts have an average price target of $392.78. Sentiment is mixed: 6 Strong Buy, 16 Buy, 20 Hold, 8 Underperform, 2 Sell.

Weekly Outlook

Expect consolidation between $422 and $440. A decisive break above $440 could target the $450-$460 zone. Failure to hold $422 support may see a retest of $415.

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