To The Moon

Tesla ( $Tesla Motors(TSLA)$ ) – Short-Term Chart Outlook

Recently, Elon Musk tweeted about $Tesla Motors(TSLA)$ expanding AI‑chip and robotaxi ambitions — a move that helped push the stock higher. On the back of his tweet, Tesla shares rose sharply, reflecting renewed investor interest and optimism around the company’s tech pivot.

• Tesla remains within a clear ascending equidistant channel, with price recently rebounding off the lower channel boundary.

• For short-term upside to continue, price needs to close above the recent high at $430. A break above this level could open the way to $470, which serves as the next immediate resistance.

• If bullish momentum builds further, the channel top near $500–$510 would be the next resistance zone to watch.

• Momentum indicators are beginning to stabilise, but a confirmed breakout is still required to support further upside.

Using DLCs for Short-Term Trading

• Traders can consider using Daily Leverage Certificates (DLCs) to express a short-term view on TSLA price movements.

• Long DLCs ( $TESLA 3xLongSG261006(TSYW.SI)$ ) may be used to gain leveraged exposure if price breaks above $430 with strength.

• Short DLCs ( $TESLA 3xShortSG280330(RLSW.SI)$ ) could be considered if price fails to break resistance and reverses lower.

• As DLCs are geared instruments, they are best suited for short-term directional trading and require active monitoring.

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Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.