Tesla (NASDAQ: TSLA) shares were up 2.8% pre-market trade today, extending a late-session comeback that saw the stock close 4.6% higher on Monday. The recovery followed an unexpected shift in tone from President Donald Trump, who offered words of support for Tesla CEO Elon Musk despite a public falling out last week.
“I wish him well,” Trump told reporters, confirming he plans to keep the red Tesla he bought earlier this year. The President added that he continues to use Starlink at the White House, calling it “a good service.”
The remarks sparked fresh optimism among Tesla bulls, who had been rattled by the pair’s recent tensions. Political favour aside, momentum is clearly returning to Tesla stock after a brief pause.
Tesla Stock Technical Analysis: Bulls Defend Key Support
Tesla’s chart shows price action pivoting cleanly off a key demand zone. Monday’s candle reversed sharply off the ₹308–310 range, keeping the broader uptrend intact.
- Price bounced from support at $308.58 and is now testing $317.30
- Above $317, next resistance looms near $326.91 and $364.45
- RSI has recovered to 55.29, suggesting renewed bullish control
- MACD histogram is flattening out after a bearish phase, hinting at trend resumption
Buyers are defending this level aggressively, with Monday’s bullish engulfing candle now acting as a potential inflexion point.
Tesla Outlook: Eyes on $326 Then $364 If Rally Holds
If the momentum holds above $317.30, Tesla could retest $326.91 in the coming sessions. A breakout from there would open up a run toward $364.45, a major resistance from earlier this year.
As long as the $308 level holds, bulls stay in control.
