Tesla Shatters $300 Barrier – 5% Surge Fuels Bullish Frenzy as Traders Chase Momentum
Elon’s flagship defies gravity (again) as trade optimism and technical triggers send retail traders scrambling. The $300 breakout now paints a target on $350—just in time for another round of ’this time it’s different’ rationalizations.
Chartists cheer the ascending triangle pattern while fundamentalists quietly update their short positions. Meanwhile, Wall Street analysts scramble to justify their outdated price targets.
One thing’s certain: when Tesla moves, it drags the entire tech sector along for the ride—whether fundamentals agree or not. Buckle up.
Strong Weekly Performance Signals a Reversal
Tesla (TSLA) ended the week on a high note, closing at $298.28, its highest level since late February. The stock jumped nearly 4% on Friday alone, building on a 5% weekly gain—its third consecutive week of advances. Notably, TSLA briefly crossed above the $300 mark, a key psychological and technical threshold, indicating increased bullish sentiment among investors.
TSLA Stock Chart Weekly – The 200 SMA Held as Support around $220
The market
Market Catalysts Reignite Optimism
The surge followed President Donald Trump’s announcement of a new trade agreement with the UK, as well as hints that more international deals could follow. This news gave Tesla and broader markets a lift, particularly for stocks with global exposure like Tesla, which benefits from reduced trade barriers.
Q1 Earnings Miss and a Rocky Start to 2025
Despite this recent upswing, Tesla’s year began on shaky ground. Disappointing Q1 2025 results and slowing global EV demand led to a sharp selloff. The company reported earnings per share of $0.27, missing the expected $0.42, while revenue fell to $19.34 billion, below the $21.4 billion forecast. These figures reflected both a dip in worldwide vehicle sales and aggressive price cuts aimed at maintaining market share.
Investor Sentiment Begins to Shift
However, sentiment has improved notably since mid-April, with positive price action supported by reassurance that Elon Musk will remain at the helm. Confidence in Tesla’s leadership, along with renewed enthusiasm around global trade talks—including upcoming negotiations between U.S. and Chinese officials—has helped to restore momentum.
