Tesla stock setting the stage for ‘end-of-year fireworks show'; Is $500 next?

Tesla’s (NASDAQ: TSLA) stock has been on an upward tear in the fourth quarter, with technical indicators suggesting sustained momentum as the year ends.The stock received a significant boost from Donald Trump’s election victory, with investors optimistic about his close ties with CEO Elon Musk. Additionally, better-than-expected Q3 2024 earnings pushed the stock to new highs.However, the recent rally has encountered resistance at $500, and short-term weakness has emerged. At the close of the last session, T ...