Tesla (TSLA) stock is rising 4% after Dan Ives, a well-known analyst at investment bank Wedbush, issued a positive note on TSLA stock yesterday. Why Ives Is Still Bullish on TSLA The analyst believes that,

Shares of EV maker Tesla (TSLA) have struggled since hitting their record high of $488.54 on December 18, 2024, by plummeting to around $330 at

Tesla stock is showing incomplete sequences in the cycle from the 488.78 peak. The break below the January 2nd low suggests that the cycle from the 488.78 peak is incomplete, indicating potential weakness in the near term. TSLA is targeting the 323.98 – 252.46 area, where we would like to be buyers again.