Tesla Stock Near Its 2025 High After a 5-Day Win Streak—Key Levels for Investors to Monitor

Core Insights - Tesla shares are currently trading at their highest levels since January, following a five-day gain, primarily driven by CEO Elon Musk's purchase of approximately $1 billion worth of the company's stock [1][8] - The stock has recently surged due to optimism surrounding Tesla's robotics prospects and advancements in autonomous driving technology, recovering from a significant decline earlier in the year [2][3] - Tesla shares have increased by 18% over the past five days and are up 1.5% year-to-date, recovering from a 45% drop from their end-2024 level in April [3] Technical Analysis - Tesla's stock broke out from a four-month symmetrical triangle pattern, indicating potential for further upward movement, supported by above-average trading volume [5][8] - The relative strength index shows bullish momentum but also indicates overbought conditions, suggesting possible near-term pullbacks [5] - A crucial price level to monitor is around $489, which aligns with the stock's all-time high and serves as a significant resistance point, while major support levels are identified at $367 and $330 [7][8]