Usman Salis
Tesla (TSLA) has captured Wall Street's attention with third-quarter delivery numbers that exceeded expectations. The stock jumped past key price levels, boosting investor confidence and prompting analyst upgrades. With solid fundamentals and favorable technical signals, this rally may have more room to run.
Analyst Upgrades Following Q3 Performance
The delivery report has analysts feeling optimistic. As noted by Stock Ticker ZONE, Tesla is earning "Buy" recommendations based on its ability to meet demand despite industry challenges.
The company's global expansion strategy is helping it hold ground against growing EV competition.
Technical Chart Analysis
Tesla is trading at $429.83 after climbing from April's lows under $300. The stock sits above both its 50-day moving average at $386.66 and 200-day moving average at $335.19, a bullish sign. Trading volume has increased during the rally, showing genuine buying interest. The MACD indicator remains positive, suggesting continued momentum. Resistance appears around $446 to $450, and a break above could target $480 to $500.
Why Investors Are Paying Attention
Beyond deliveries, Tesla's upcoming earnings report, Cybertruck production ramp, and AI-driven autonomous driving progress keep the stock in focus. Investors are watching whether the company can maintain margins amid rising production costs.
What's Next
If momentum holds, Tesla could test $480 to $500. While market volatility and Fed decisions pose risks, strong quarterly results and positive technicals support the bullish case.
Usman Salis
