Tesla (TSLA) Nabs 5-Day Rally—Will Bulls Smash $300 Next?
Tesla’s stock defies gravity with a stealthy five-day climb—no Elon memes required. Wall Street analysts scramble to adjust price targets while retail traders pile in, fueled by caffeine and hope.
Technical breakout or dead-cat bounce? The chart whispers ’bullish,’ but macro headwinds—Fed rates, supply chain kinks—could yank the leash. Meanwhile, crypto bros smirk: ’Should’ve bought Bitcoin instead.’
Key levels to watch: $300 resistance looms like a SpaceX landing zone. Clear it, and TSLA shorts face a gamma squeeze tighter than Cybertruck panel gaps. Fail, and it’s just another overhyped tech stock in a market that rewards delusion.
Source: Reuters / Brendan McDermid
Tesla Continues Modest Streak as Stock Remains High-Risk, High-Reward Play
Since the start of the new year, the US stock market has been increasingly volatile. Macroeconomic pressure and geopolitical uncertainty have only made momentum harder to come by for some of the country’s biggest companies. Moreover, economic policy has hindered things, with US President Donald Trump’s first 100 days being the worst for Wall Street since President Ford.
That hasn’t rid many experts of optimism. Moreover, there is reason to be optimistic, as some of the poorest performers have shown signs of life. Perhaps chief among them is Tesla (TSLA), which has quietly ridden a 5-day win streak with its eyes on the $300 level.
What’s rather surprising is that its fifth straight day of gains came after horrendous earnings data for the company. The firm’s net income plummeted 81% from a year ago, with earnings per share and net profit margin both falling 65% and 61%, respectively.
Still, the stock has risen 18% over the course of its recent gaining streak to situate itself at the $282 level. The big catalyst has been the announced return of Elon Musk. Indeed, the CEO announced he would be taking a step back from his position at the head of the US President Trump’s Doge commission. In turn, he would be spending more time leading Tesla.
That could play a key role in defining where it goes next. The stock holds a median price target of $307, up 9% from its current position. However, its high-risk, high-reward sentiment comes from the extremes. Its bull case projection sits at $470, representing 67% upside. Meanwhile, its bear case is a fall to $115, showcasing a 59% downside risk for the stock.
