Tesla Stock Price Levels to Watch After Volatile Stretch

Tesla Stock Performance - Tesla shares gained ground after a five-day losing streak where the stock lost 18% of its value [2] - The stock hit a record high in mid-December 2024, surging more than 60% for the year, with most gains occurring after the November 5 election [2] - Tesla shares slumped 6% on the first trading session of 2025 due to weaker-than-expected Q4 vehicle deliveries but jumped 8% the following day on record sales in China [3] - Tesla shares closed at $411.05 on Monday, 16% below the all-time high set on December 18 [4] Technical Analysis and Trends - Tesla shares have trended sharply higher since breaking out from an ascending triangle in early November following the U.S. election [5] - The relative strength index (RSI) indicates the stock remains near overbought levels, highlighting bullish price momentum [5] - Bars pattern analysis forecasts a price target of around $745, with the current uptrend potentially lasting until early March [7][9] - Important support levels to watch are $370 and $300, with a close below $370 potentially leading to a revisit of $300 [8][10] Market Context and Catalysts - Tesla's recent performance is influenced by CEO Elon Musk's close ties with President-elect Donald Trump, which has boosted optimism [2] - The company faces intense competition in China, but record sales in the region have boosted confidence in a recovery [3]