Tesla (NASDAQ: TSLA) is back in the green Tuesday morning, with shares up 2.8% in pre-market trading as a surprise tone shift from former President Donald Trump calms nerves on Wall Street. The stock had already staged a strong 4.6% recovery into Monday’s close, erasing earlier losses after Trump publicly extended an olive branch to Elon Musk.
The about-face comes just days after a very public spat between the two billionaires. But Trump now says he wishes Musk well and confirmed he has no plans to part with the red Tesla he famously purchased in March. Even more telling, he’s keeping Starlink, Musk’s satellite internet system, operational at the White House, calling it “a good service.”
For traders, this sudden reversal in rhetoric removes a layer of political tension that had crept into Tesla’s narrative last week. And judging by the technical bounce, bulls were ready to buy the dip.
Tesla Chart Analysis: Bulls Regain Grip Above $308 Support
- Price rebounded off $308.58, a former resistance-turned-support
- Monday’s close at $317.30 leaves a gap toward $326.91
- RSI rising again, now above 55 – momentum building
- MACD still negative but flattening – potential crossover in sight
- Next resistance: $326.91, then $364.45
Outlook: Can Political Tailwinds Fuel a Rally Toward $364?
Tesla’s bounce isn’t just technical; it’s narrative-driven. With Trump’s endorsement back on the table and Musk retaining favour in Washington tech corridors, the stock could have more room to run.
If $317 holds, the path to $326 and beyond is wide open. Watch for momentum volume to confirm this shift.