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- 1 Tesla Inc, TSLA stock may skyrocket if it accomplishes desired goals of Multi Billionaire CEO Elon Musk, reports.
- 2 Reports suggest that Tesla stock may surge above the $300 mark if it follows through with a plan.
- 3 TSLA stock price may surge maximum by the end of 2023 claim reports.
TSLA stock may recover maximum in 2023 as Elon Musk may try to push Tesla shares to gain by the end of 2023. Meanwhile, reports do confirm the facts regarding TSLA share’s maximum recovery by the end of 2023. Tesla stock price is currently approaching the primary resistance level over the daily time frame chart. If TSLA stock price today tries to retain its position above the primary resistance level of $245 then Tesla stocks may initiate their recovery towards the $280 mark.
However, Tesla stock needs to accumulate buyers in order to maintain the upside trend and also to sustain at the primary resistance level. Reports from an esteemed financial firm indicate that Elon Musk holds a recovery plan for Tesla stocks to gain and recover maximum by the end of 2023.
Tesla stock price was at $233.19 and has gained 0.83% of its market capitalization during Tuesday’s trading session. Trading volume was above average and needs to be maintained on Wednesday’s trading session. Tesla stocks have been trying to break out from the $280 resistance but failed to sustain multiple times. Tesla stock price has gained around 0.89% and was trading at $235.26 in the pre market session of Wednesday.
Tesla Inc. (NASDAQ: TSLA): Will TSLA Stock Keep Soaring?
Tesla stock price has been trying to surge above the $300 mark but failed at the $280 resistance. Now the multi billionaire CEO, Elon Musk claims to be procuring the recovery phase of TSLA stocks by the end of 2023 according to reports. As soon as TSLA stock breaks out of the primary and secondary resistances to let TSLA stocks recover maximum above $300 mark and sustain there.
Meanwhile, TSLA stock price is trading above 100 and 200-day DMA to surge above 20 and 50-EMAs. Tesla stock price has declined around 2.32% in a week and 12.99% in a month. Nevertheless, Tesla stocks managed to gain around 27.96% in the last three months and 14.36% in the last six months. In addition, Tesla stock price has gained 96.83% year to date. This evidence supports the reports regarding the maximum recovery plan of Musk for Tesla stocks in 2023.
Technical indicators suggest the upside trend of TSLA stock. Relative strength index and moving average convergence divergence both confirm the uptrend of TSLA stock price today.
RSI was at 42 and is heading towards neutrality to be overbought. The MACD line is moving towards the signal line for a positive crossover. Investors in Tesla Inc (NASDAQ: TSLA) need to wait until TSLA stock approaches the primary resistance and register its breakout. Moreover, investors are also advised to think before investing as reports may claim anything but do cross check each and every factor before investing in any security.
Summary
TSLA stock may recover maximum in 2023 as Elon Musk may try to push Tesla shares to gain by the end of 2023. However, Tesla stock needs to accumulate buyers in order to maintain the upside trend and also to sustain at the primary resistance level. Now the multi billionaire CEO, Elon Musk claims to be procuring the recovery phase of TSLA stocks by the end of 2023 according to reports. Technical indicators suggest the upside trend of TSLA stock.
Technical Levels
Support Levels: $230.00 and $225.00
Resistance Levels: $245.45 and $280.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
