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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Tesla shares have been posting strong gains, supported by a mix of analyst positioning, sector tailwinds, and improving near-term technical signals. The move comes even as some longer-term chart indicators still point to caution.
TD Cowen did not change its directional view, but adjusted its price target to $490 from $519. Analyst Itay Michaeli maintained a bullish stance while lowering the target.
The broader market tone was constructive. The S&P 500 rose 0.6% and the Nasdaq gained 0.9%, while market breadth was mixed with an advance/decline ratio of 0.6. Consumer Discretionary was up 1.5%, the top-performing sector out of 11, providing a tailwind for Tesla.
Barclays weighed in ahead of Tesla’s earnings, reiterating an Equal Weight rating, according to CNBC. The firm said Tesla’s year-to-date weakness could set up an earnings-day rebound, but cautioned that any commentary about increased capital spending—and the potential pressure on free cash flow—could be viewed negatively.
Technically, the stock is rebounding from spring lows, but the longer-term structure remains a work in progress. The April swing low and a death cross in April continue to weigh on the intermediate narrative, even as near-term demand improves.
Key moving-average levels highlight the push-and-pull: Tesla is trading 6.3% above its 20-day simple moving average (SMA) but 6.5% below its 100-day SMA. The moving-average stack remains a headwind, with the 20-day SMA below the 50-day SMA and the 50-day SMA below the 200-day SMA, keeping the bigger-picture setup cautious until those relationships begin to unwind.
Momentum indicators show some stabilization. The MACD is above its signal line with a positive histogram, suggesting downside pressure has eased and buyers are gaining confidence.
Over the last 12 months, Tesla is up 53.65%. Within its 52-week range of $222.79 to $498.83, the stock is trading closer to the middle than the peak, reflecting uncertainty about whether it is in a reset phase or the early stages of another leg higher.
Traders are watching clear levels: resistance at $416.50 and support at $381.50.
At the time of publication on Wednesday, Tesla shares were up 7.00% at $389.60, according to Benzinga Pro.

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