Peter Smith
Tesla's heading into a major moment—a shareholder vote on Elon Musk's eye-popping compensation plan tied to an $8.5 trillion market cap target. You'd think investors might be nervous, but the chart tells a different story.
The Technical Picture
According to LuxAlgo, shareholders seem unfazed, and the stock's technicals back that up. Tesla continues trading in a strong uptrend, holding above key support levels with buyers clearly in control.
Tesla's daily chart shows the stock trading near $464, comfortably within an upward channel that's been intact since spring. Here are the key levels traders are watching:
- Current price: $464
- Support zone: $440–$450
- Resistance zone: $475–$480 (potential breakout level)
- Volume sentiment: +0.61%, showing buyers outnumber sellers
The green Chandelier Exit bands confirm the bullish trend is still alive, and the momentum oscillator remains positive. Tesla has bounced from below $300 in March and climbed steadily through summer and fall. Each consolidation phase has been followed by renewed strength—a classic sign of institutional buying.
Why Investors Aren't Worried
The compensation package has sparked plenty of debate, but not panic. Many see the $8.5 trillion target as aspirational—a reflection of Tesla's ambitious vision rather than an immediate goal. Tesla has a track record of defying expectations, from record margins to expansion into energy storage and AI robotics. Investors seem to be pricing in that "vision premium" once again.
If Tesla breaks above $480 and holds it, expect the uptrend to accelerate. A drop below $440 would test recent gains but wouldn't necessarily kill the bullish structure. For now, the message is clear: Tesla's momentum remains strong, and investors are betting on Musk's vision—vote or no vote.
Peter Smith
