Tesla Breaks Out After 5-Month Correction | Bulls Target $600
By:TradingView
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
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! 🍀
0
0
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.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
Solana ETF Demand Builds Towards a $150 Test
DailyCoin•2026/09/29 16:12
NASDAQ TRADE HALT <XRPNU.O> VOLATILITY TRADING PAUSE AT 11:55 AM
Reuters•2026/09/29 15:55
Sangoma Technologies Corp. Price Target Cut to C$7.35/Share From C$8.00 by TD
Dow Jones•2026/09/29 15:31
Fortis Inc. Is Maintained at Overweight by Barclays
Dow Jones•2026/09/29 15:31
Crypto prices
More
Bitcoin
BTC
$83,113.26
-1.29%
Ethereum
ETH
$2,678.34
-1.44%
Tether USDt
USDT
$0.9997
+0.00%
BNB
BNB
$753.58
-1.88%
XRP
XRP
$1.49
-1.19%
USDC
USDC
$1.0000
-0.00%
Solana
SOL
$118.1
-1.24%
TRON
TRX
$0.3348
-0.02%
Zcash
ZEC
$1,393.03
-8.88%
Hyperliquid
HYPE
$86.18
-3.25%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now