Tesla Breaks Out After 5-Month Correction | Bulls Target $600

TradingView2026/05/12 00:42

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! 🍀

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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Tesla Breaks Out After 5-Month Correction | Bulls Target $600

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