Technical analysis, price predictions and news on Tesla stock for week ending 05/01/2021. Tesla turned bearish during the week, but had a strong bullish close to end the week. It broke back above the 50DMA after closing below this level for only one trading day. It has also moved back into the consolidation zone between $700 and $775. If it could hold above $685, we could see it rally back to resistance at $775. A breakout above that and we could see it continue to run up to around $840. To the downside, a break below $685 and we could see Tesla fall to around $655. If it continues to fall, the next level of support comes in at around $633.
Tesla news this week includes:
- Tesla Q1 Earnings Results
- Elon Musk to host ‘Saturday Night Live’
- Elon Musk: FSD Beta V9.0 will blow your mind
- Limited FSD Beta V9.0 to release in two weeks