Usman Salis
Tesla just reclaimed territory it hasn't seen since late last year. Monday's $443.21 close represents the highest daily finish since December 27th, 2024, and it's got bulls eyeing the $488.54 January peak.
The Chart Shows Real Recovery
As Teslaconomics pointed out, we're back to price levels that seemed out of reach just months ago. The question now: can Tesla punch through resistance and make new highs?
The bigger picture reveals how far Tesla has come. From those brutal $101 lows in early 2023, the stock ripped through 2024 to fresh peaks before hitting a wall. Mid-2024 brought a nasty correction that dragged shares below $300, but since late summer 2025, momentum has been building. The push past $400 accelerated fast, and now we're sitting in the mid-$440s - just 10% shy of that January high.
Volume's picking up on this rally, which matters. It's not just retail piling in. The $400 zone, where this breakout started, is now critical support. Above that, $460 is the first real test, then comes the big one at $488.54. As long as Tesla holds above $400-$420, the path of least resistance is up.
What's Fueling This Run
Three things are driving this surge. EV demand is holding up better than skeptics expected, even with all the price competition out there. The AI story is gaining traction too - investors are finally pricing in Tesla's Dojo supercomputer and robotics ambitions as real growth engines. And let's not ignore the broader tech rally lifting all megacap boats. When fundamentals and technicals align like this, you get moves like we're seeing now.
Tesla's at a crossroads. If momentum holds, $460 falls quickly and $488-$490 comes into play. That's where we'll see if there's real conviction behind this rally. But if support at $400 cracks, we could easily see a pullback toward $360.
Bottom line: This $443 close isn't just a number. It signals confidence is back, and Tesla's within reach of proving it can break through to new highs. The next few weeks will tell us everything.
Usman Salis
