Technical analysis, price predictions and news on Tesla stock for week ending 06/19/2021. Tesla looked more bullish to close out the week. It will run into the next key resistance at around $646 which is the 50DMA. The next critical resistance comes in at around $700. A break above that, and the probability of Tesla stock going on a long term rally increases greatly. To the downside, we have support at the 200DMA at $613. A break below that and the next support comes in at $585. If it continues to fall lower, we could see it drop to as low as $550-560.
Tesla news this week includes:
- Tesla Model Y demand skyrockets, Long Range variant nearly sold out for Q3
- Massive expansion of Supercharger network underway
- Elon Musk hinting at Tesla Home HVAC System
- Rockefeller Capital Management: Now is the time to buy the stock and hold