Technical analysis by KlejdiCuni about Symbol TSLAX: Buy recommendation (8/4/2025)

Tesla Builds Momentum - Can It Reach $490? From a technical perspective, Tesla is showing signs of volume accumulation and appears to be forming a contracted triangle pattern. The price seems to have found solid support around 287, suggesting this corrective phase might be nearing its end. If the price breaks out of the triangle, especially above 330, the dominant bullish trend is likely to resume. On top of that, Tesla’s quarterly results beat expectations, which further strengthens the bullish outlook. My eyes are on price targets around 400, 450, and 490. News: 📊 Tesla approves share award worth $29 billion to CEO Elon Musk Tesla has granted CEO Elon Musk 96 million shares worth about $29 billion, a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders. 📊Tesla signed on Wednesday a $4.3 billion battery deal with LGES, source says, reducing China reliance. South Korea's LG Energy Solution has signed a $4.3 billion deal to supply Tesla with energy storage system batteries, said a person familiar with the matter, as the U.S. company looks to reduce reliance on Chinese imports due to tariffs. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading day