Tesla Stock Gains After Musk’s Flying Car Tease
Elon Musk’s mention of a potential Tesla flying car prototype captured significant investor attention, pushing Tesla (TSLA) shares up by 3.7%.
Stock Performance Overview
As of November 3, Tesla stock traded at $456.06, marking a 3.7% daily gain. The session opened at $446.57, reached an intraday high of $457.65, and dipped to a low of $443.82.
Elon Musk called the upcoming project the company’s “most memorable product.”
Technical Outlook
Tesla continues to exhibit a strong bullish trend, staying above its 50-day and 200-day simple moving averages (SMA). The 50-day SMA is near $430, and the 200-day SMA stands around $400, confirming ongoing investor optimism for the medium and long term.
Key Levels
- Support: $430–$440 range, with frequent buyer activity that limits short-term declines.
- Resistance: $470–$480, a zone of prior pullbacks and high options interest.
Price Projection
A breakout above $480 could propel the stock toward the $500–$520 range before year-end. However, a drop below $430 may trigger a correction to around $400.
Summary Chart Period
Tesla stock price trends (September 2025 – November 2025).
Author’s summary: Tesla shares advanced following Elon Musk’s hint at a flying car prototype, reinforcing the stock’s upward momentum and market confidence.