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Save your seatTSLA ran from roughly $379 in early May to $436 by May 29 as traders leaned into the post-Q1 recovery story, stronger European registration data, and Tesla's AI and Robotaxi spending narrative.
The stock has the potential to go down if it loses the $420 area and fails to reclaim it fast. That could open a retrace toward $400 to $385, and any disappointment around delivery momentum, margins, or Robotaxi execution would accelerate the downside.
If TSLA holds the $420 to $430 area on volume, a push back toward $460 to $480 is on the table. Resistance near $450 is the first hurdle, then traders can watch the 52 week high at $498.83.
We don't currently have information about Tesla Inc.'s earnings.