With global trade tensions easing and the outlook clearing up a bit, especially with next month’s robotaxi launch, Tesla bulls are jumping right in to buy the dip and ride out a four-week rally. Is there more to that? Let’s find out.
Tesla
TSLA just pulled off a move most gym bros would call “bulking season.”
The stock is up 60% over the past month. That’s not a typo — it’s a full-on, pedal-to-the-metal rally that’s left shorts scrambling and bulls fist-pumping like it’s 2020 again.
In just four weeks, Elon Musk’s EV maker ripped higher with the kind of velocity typically reserved for SpaceX rockets or Dogecoin bonanzas.
But now that we’re at cruising altitude (and even dipped a little bit again first thing on Monday), the obvious question floats in: Should you still be buying this? Or is this just another one of the speculative dopamine-driven dead-cat bounces?
Let’s plug in, charge up, and break it down.
💡 From Earnings Letdown to Elon Euphoria
The move started innocently enough — with bad earnings. The first-quarter report disappointed Wall Street — revenue came in light. Margins shrank. Deliveries were meh. (Mandatory “keep an eye on the earnings calendar” remark!) Most companies would’ve been punished after such a showing.
But Tesla is not like most companies.
Instead of spiraling, shares soared 18% the week after the report — because, surprise, Tesla said it will stick to its promises. The company reiterated plans for a lower-priced EV (a Tesla for the masses), and doubled down on its robotaxi rollout, the Cybercab, slated to launch in Austin, Texas, this June.
Cue the retail stampede.
Investors didn’t see a company in trouble. They saw a growth story still in motion, with enough Muskian magic to keep hope (and valuations) alive. Tesla didn’t need to crush numbers — it just had to convince traders it hadn’t stalled out.
Mission accomplished.
🤙 Macro Tailwinds and China’s “Chill Pill”
Tesla didn’t rally in a vacuum (though that sounds like an Elon side project). The broader market has been in risk-on mode lately, helped by:
📊 Technically Speaking: Breakouts and Burnouts
From a chart perspective, the move has been textbook FOMO.
Tesla sliced through its 50-day, 100-day and 200-day moving averages like butter. Volume popped. Momentum soared. And it finally reclaimed the $300-350 zone that acted like a gravitational sinkhole for months. In other words, Tesla is back above the $1 trillion valuation handle.
Is there a flipside, though? The chart’s showing signs of overextension. RSI is flirting with overbought territory. Momentum is hot — but not sustainable forever.
That doesn’t mean you short it. It just means don’t chase it like it’s a Black Friday deal on dual monitor setup.
🔎 Valuation? Let’s (Not) Talk About That
Oh right, valuation. That inconvenient little thing.
Tesla is still trading at eye-watering multiples. Forward price-to-earnings (P/E) ratio? North of 170. Tesla’s profits peaked in 2022 and have since been tumbling. But who cares — compared to traditional automakers, Tesla is operating on a completely different planet.
Analysts are eyeballing earnings per share for 2025 to land at $3.30. Even if markets were to slap a 50x forward P/E ratio, it would give Tesla a valuation of $165 a share and still be at a premium.
And to be fair, bulls will say that’s exactly the point. Tesla isn’t a car company. It’s an AI platform with a vision for the future. An energy business. A robotaxi empire-in-waiting. Maybe even a sentient Mars colony someday.
So… the price doesn’t have to make sense — if you buy the vision.
But if you’re looking for fundamentals, well, they’re still catching up.
🚗 The Robotaxi Wildcard
Let’s talk robotaxis.
Tesla’s robotaxi launch next month could be a game-changer — or a meme. If it works, and the Cybercab is a success, even in a limited beta, it will validate one of Elon’s long-promised, never-quite-delivered moonshots. It opens the door to software revenue, recurring cash flows, and the holy grail of auto tech: mobility-as-a-service.
If it flops? Well, it won’t be the first time. But this time, the market has already priced in success.
That’s risky.
🧐 Should You Be Buying?
No one ever went broke taking profits. And if you rode this 60% move, pat yourself on the back and consider trimming. It doesn’t make you a bad long-term investor. It makes you a responsible one.
If you missed it? Don’t FOMO in at the top (but also — who’s to say that’s the top?). Tesla’s chart has looked like this before — only to collapse in a pile of overhyped press releases and supply chain “hiccups.” But if you see a pullback or at least some consolidation? Great trades are about patience, not hot takes.
❤️ Bottom Line
Tesla’s four-week tear is impressive. It’s got narrative fuel, technical follow-through, and macro support. But that doesn’t mean it’s an all-you-can-eat rally buffet.
Tesla is still a volatile beast with sky-high expectations and a CEO who can tank the stock with a tweet or an Oval Office speech. It’s also a company that might reinvent urban transport next quarter.
So what’s the play? Are you ramping up your long bets on the volatile EV stock or you're more of a waiting-for-the-pullback trader? Share your thoughts in the comments!
Tesla
TSLA just pulled off a move most gym bros would call “bulking season.”The stock is up 60% over the past month. That’s not a typo — it’s a full-on, pedal-to-the-metal rally that’s left shorts scrambling and bulls fist-pumping like it’s 2020 again.
In just four weeks, Elon Musk’s EV maker ripped higher with the kind of velocity typically reserved for SpaceX rockets or Dogecoin bonanzas.
But now that we’re at cruising altitude (and even dipped a little bit again first thing on Monday), the obvious question floats in: Should you still be buying this? Or is this just another one of the speculative dopamine-driven dead-cat bounces?
Let’s plug in, charge up, and break it down.
💡 From Earnings Letdown to Elon Euphoria
The move started innocently enough — with bad earnings. The first-quarter report disappointed Wall Street — revenue came in light. Margins shrank. Deliveries were meh. (Mandatory “keep an eye on the earnings calendar” remark!) Most companies would’ve been punished after such a showing.
But Tesla is not like most companies.
Instead of spiraling, shares soared 18% the week after the report — because, surprise, Tesla said it will stick to its promises. The company reiterated plans for a lower-priced EV (a Tesla for the masses), and doubled down on its robotaxi rollout, the Cybercab, slated to launch in Austin, Texas, this June.
Cue the retail stampede.
Investors didn’t see a company in trouble. They saw a growth story still in motion, with enough Muskian magic to keep hope (and valuations) alive. Tesla didn’t need to crush numbers — it just had to convince traders it hadn’t stalled out.
Mission accomplished.
🤙 Macro Tailwinds and China’s “Chill Pill”
Tesla didn’t rally in a vacuum (though that sounds like an Elon side project). The broader market has been in risk-on mode lately, helped by:
- Easing China–US trade tensions, which is great news for Tesla’s Shanghai Gigafactory and its global supply chain.
- A less hawkish Fed narrative against the backdrop of cooling inflation, making growth stocks slightly less allergic to rising rates.
- Renewed optimism around AI and automation, both of which Tesla has front-row seats to.
📊 Technically Speaking: Breakouts and Burnouts
From a chart perspective, the move has been textbook FOMO.
Tesla sliced through its 50-day, 100-day and 200-day moving averages like butter. Volume popped. Momentum soared. And it finally reclaimed the $300-350 zone that acted like a gravitational sinkhole for months. In other words, Tesla is back above the $1 trillion valuation handle.
Is there a flipside, though? The chart’s showing signs of overextension. RSI is flirting with overbought territory. Momentum is hot — but not sustainable forever.
That doesn’t mean you short it. It just means don’t chase it like it’s a Black Friday deal on dual monitor setup.
🔎 Valuation? Let’s (Not) Talk About That
Oh right, valuation. That inconvenient little thing.
Tesla is still trading at eye-watering multiples. Forward price-to-earnings (P/E) ratio? North of 170. Tesla’s profits peaked in 2022 and have since been tumbling. But who cares — compared to traditional automakers, Tesla is operating on a completely different planet.
Analysts are eyeballing earnings per share for 2025 to land at $3.30. Even if markets were to slap a 50x forward P/E ratio, it would give Tesla a valuation of $165 a share and still be at a premium.
And to be fair, bulls will say that’s exactly the point. Tesla isn’t a car company. It’s an AI platform with a vision for the future. An energy business. A robotaxi empire-in-waiting. Maybe even a sentient Mars colony someday.
So… the price doesn’t have to make sense — if you buy the vision.
But if you’re looking for fundamentals, well, they’re still catching up.
🚗 The Robotaxi Wildcard
Let’s talk robotaxis.
Tesla’s robotaxi launch next month could be a game-changer — or a meme. If it works, and the Cybercab is a success, even in a limited beta, it will validate one of Elon’s long-promised, never-quite-delivered moonshots. It opens the door to software revenue, recurring cash flows, and the holy grail of auto tech: mobility-as-a-service.
If it flops? Well, it won’t be the first time. But this time, the market has already priced in success.
That’s risky.
🧐 Should You Be Buying?
No one ever went broke taking profits. And if you rode this 60% move, pat yourself on the back and consider trimming. It doesn’t make you a bad long-term investor. It makes you a responsible one.
If you missed it? Don’t FOMO in at the top (but also — who’s to say that’s the top?). Tesla’s chart has looked like this before — only to collapse in a pile of overhyped press releases and supply chain “hiccups.” But if you see a pullback or at least some consolidation? Great trades are about patience, not hot takes.
❤️ Bottom Line
Tesla’s four-week tear is impressive. It’s got narrative fuel, technical follow-through, and macro support. But that doesn’t mean it’s an all-you-can-eat rally buffet.
Tesla is still a volatile beast with sky-high expectations and a CEO who can tank the stock with a tweet or an Oval Office speech. It’s also a company that might reinvent urban transport next quarter.
So what’s the play? Are you ramping up your long bets on the volatile EV stock or you're more of a waiting-for-the-pullback trader? Share your thoughts in the comments!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Share TradingView with a friend:
tradingview.com/share-your-love/
Read more about the new tools and features we're building for you: tradingview.com/blog/en/
tradingview.com/share-your-love/
Read more about the new tools and features we're building for you: tradingview.com/blog/en/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.