Analyst sets date when Tesla stock will hit $500 base target

A stock trading analyst has suggested that Tesla stock (NASDAQ: TSLA) will likely reach a base-case target of $500 later this year, citing strong technical signals. According to Peter DiCarlo, Tesla's price action is forming a "higher high" on the weekly chart, an important bullish structure that indicates the current uptrend remains intact, he said in an X post on June 15. DiCarlo noted that his proprietary BX system is flashing green on both the weekly and monthly timeframes. A green BX signal reflects st ...