Watch These Tesla Price Levels as Stock Accelerates to Fresh Record High

Core Insights - Tesla shares have reached a new record high following an upgrade from Wedbush, which raised its price target from $400 to $515, with a potential high of $650 by the end of next year due to anticipated support from the incoming Trump administration for Tesla's self-driving and AI initiatives [2][3] Group 1: Stock Performance - Tesla shares have surged approximately 85% since the beginning of the year, with significant gains occurring post-election due to optimism surrounding CEO Elon Musk's relationship with President-elect Donald Trump [3] - The stock gained 6% in regular trading and an additional 2% in extended hours, trading around $472 [4] Group 2: Technical Analysis - The stock has trended sharply higher after breaking out from an ascending triangle, with increasing trading volumes supporting the rally [5] - Bars pattern analysis projects a bullish target of around $510, where investors may consider locking in profits [8] - Key support levels to monitor include $360, $300, and $265, which may provide buying opportunities during potential pullbacks [9][10]