Tesla Breaks Out After 5-Month Correction | Bulls Target $600
By:TradingView
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Tesla Breaks Out After 5-Month Correction | Bulls Target $600
From December to May 2026, for about 5 months, Tesla was moving in a clear downward trend. The price correction was almost -32%.
However, the model suggested that it was only a prolonged correction and finally Tesla broke out by growing in a very aggressive way.
In the last 10 days alone, the price has already recovered by +21% and today alone Tesla is up +4.5%. Today's increase came after the company said that the distribution of its robotaxi is progressing.
Tesla said that the service is operating in Austin, Texas, with a human supervisor still traveling in special support cars outside the city.
Main Targets:
$482
$550
$600
You can find more details on the chart.
Thank you and good luck! 🍀
From December to May 2026, for about 5 months, Tesla was moving in a clear downward trend. The price correction was almost -32%.
However, the model suggested that it was only a prolonged correction and finally Tesla broke out by growing in a very aggressive way.
In the last 10 days alone, the price has already recovered by +21% and today alone Tesla is up +4.5%. Today's increase came after the company said that the distribution of its robotaxi is progressing.
Tesla said that the service is operating in Austin, Texas, with a human supervisor still traveling in special support cars outside the city.
Main Targets:
$482
$550
$600
You can find more details on the chart.
Thank you and good luck! 🍀
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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